(A) Lease. No land shall be sold by the city for hangar construction purposes. All land for this purpose shall be leased from the city.
(B) Terms. The lease for land on which to erect a hangar shall be for a period of 25 years, at the following cost per year, payable January 1 of each year:
(1) Tee hangars or other hangars which have individual doors for each aircraft space: $20 per aircraft space per year, plus real estate taxes, if any; and
(2) Open bay hangars: $20 per 1,200 square feet of interior aircraft space, or portion thereof, per year, plus real estate taxes, if any.
(C) Commercial business. No commercial maintenance or sales may be conducted from a hangar, unless approved by the authority.
(D) Non-aviation activities. Activities which are not aircraft related shall be prohibited on the premises. This includes boat and vehicle storage, warehousing, manufacturing, retailing, residential uses and the like. (An exception to this regulation may be approved by the authority when the owner can show that the space cannot be leased for aircraft storage at rents that are typical for the area. Permission for such storage shall be reviewed by the authority on an annual basis.)
(E) Termination. At the end of 25 years, or such earlier date as may be agreed to by the hangar owner, the hangar and all permanent fixtures shall become the property of the city.
(F) Removal of hangar. No permanent hangar may be moved from the premises during the period of the lease, except as authorized by the authority.
(G) Transfer or assign. The leasehold may be transferred or assigned during the 25-year period, with authority approval, but the lease shall terminate at the end of the original 25-year period.
(Res. passed 8- -1988)
Editor’s Note:
See also city’s fee schedule