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The City Council approved several transfers of Corporate Air lease agreements at Vero Beach Regional Airport, including two votes that passed 4-1 and three that passed unanimously. It also approved a $350,000 cash bond tied to the indemnity agreement for the U.S. Customs and Border Protection user fee facility.
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The approvals allow LY Infinity Vero Beach Property LLC to assume multiple airport leases from Corporate Air. Events scheduled for 2026 at North Ramp Parcel 30, including the Jake Owen concert, a 5-K race and an Air Show fundraiser, were confirmed by the purchaser; future events were not guaranteed in the minutes. The Council also approved bicycle purchases from the Contraband Forfeiture Fund for community patrol officers and required drainage connected to a Riverside Theatre lease amendment to tie into the Mockingbird Drive drainage system.
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