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County approves new hangar leases and supports Verve Metro District maintenance agreement
Summary
County staff recommended and commissioners supported new long‑term ground lease agreements for two airport hangars and a maintenance agreement assigning upkeep of leftover Verve development tracts to the Verve Metro District; staff will return with documents for future hearings.
County staff told the Board of County Commissioners on May 20 that two private hangars at the county airport have been sold and that the purchasers will enter new long‑term ground leases, and staff recommended a maintenance agreement with the Verve Metro District for residual development parcels.
“This hangar has been sold, and so it will be entering into a new 30 year lease with a 10 year option for renewal. It will generate about $83,000 or less than $84,000 per year,” said Eric, a county staff member presenting the lease for Cutter Aviation. Staff…
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