Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Airport board recommends annual CPI-based hangar fee adjustment; trustees vote to forward recommendation
Summary
The board recommended tying airport hangar fees to the Consumer Price Index (CPI) with annual automatic adjustments; staff provided example increases (Buford Executive hangar +$8.71/month based on 2.4% CPI), and the board voted to recommend the change.
The Beaufort County Airports Board voted to recommend an annual, CPI-based adjustment to county airport hangar fees and to include that escalator clause in new leases.
Staff explained the proposal would recalibrate hangar fees annually using the most current Consumer Price Index. The presenter said the adjustment could increase or decrease fees depending on CPI movements and gave a table…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
