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Committee approves private hangar lease and short-term sponsor funding for terminal repairs at CWA airport
Summary
The committee approved a land lease and private hangar construction at the southeast apron and authorized up to $75,000 in temporary sponsor funding to cover terminal renovation overruns pending FAA reimbursement; members said FAA will reimburse roughly 95% of eligible costs.
The Wausau Finance Committee on May 27 approved a land lease for private hangar construction at the southeast corner of the apron and authorized temporary sponsor-only funding of up to $75,000 to cover unanticipated terminal renovation costs until federal funds arrive.
Airport representative John Schmiel told the committee a hangar tenant seeks to build a new hangar; after a question about dimensions the committee amended the proposal to specify the hangar as 120 by 120 feet. "The hangar would be exactly, the land lease would be exactly like all previous leases executed at the airport," Schmiel said. He said the building would match existing hangar color and style and be located on the southeast corner of the apron.
Schmiel also briefed the committee on the terminal renovation. Contractors discovered water damage behind brick and HVAC changes that were not anticipated in initial design estimates. "The cost is $75,000 and all we're saying is, if their money doesn't come through on time, that will pay the bill until they can come through with the money," he said, adding the project is expected to be reimbursed at about 95% through FAA funding.
Alder (first name not recorded) moved the hangar lease approval as amended; the motion passed on voice vote. Alder Tierney moved the temporary sponsor funding measure for the terminal project; Alder Henke seconded and the committee approved that motion as well.
Schmiel said the airport has encountered similar timing mismatches in the past and has received reimbursement from the FAA or related agencies after covering costs up front. The committee’s approval authorizes the airport to use local sponsor funds temporarily and to enter the lease as provided in the packet.
