Sarasota-Manatee Airport Authority v. Racing Wheels, Inc. (In Re Racing Wheels, Inc.)

ALEXANDER L. PASKAY, Bankruptcy Judge.

FINDINGS OF FACT, CONCLUSIONS OF LAW AND MEMORANDUM OPINION

THIS IS a business reorganization case and the matter in controversy is the right of the Plaintiff, Sarasota-Manatee Airport Authority (the Authority) to evict the Defendant, Racing Wheels, Inc. (the Debtor) from certain premises.

The operative facts controlling the resolution of this controversy, as developed at the final evidentiary hearing can be briefly summarized as follows:

Prior to March of 1978 the General Manager of the Authority negotiated a long term lease with the principal and chief…