City's draft lease term sheet draws sharp NAA criticism over grant, approval and reversion clauses
City attorney presented a draft lease term sheet that NAA board members and counsel called one-sided and potentially inconsistent with FAA grant obligations; contested provisions include a city approval matrix, FAA grant approval language, and reversion of improvements to city ownership.
The full story
The city's draft lease term sheet, circulated to NAA counsel shortly before the July 6 joint meeting, prompted immediate pushback from the airport authority and its legal advisers.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
or
Free account
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in