Proposed Form Reversionary Lease Agreement
Summary
The board settled on recommending a 30-year lease term and a 5% origination fee for airport hangars to help fund required local capital improvement matches.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed Jul 8, 2026.
Impact analysis
Generates revenue for airport capital matching funds through a 5% origination fee on leases.
Hangar owners secure a reliable 30-year lease term, and the city secures matching funds for airport improvements.
Mentions & discussions (2)
Airport Advisory Board - Jul 8, 2026
City staff introduced a standard template for airport land and hangar leases to streamline terms and property reversions.
Airport Advisory Board - May 20, 2026
The board settled on recommending a 30-year lease term and a 5% origination fee for airport hangars to help fund required local capital improvement matches.
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