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County approves 10-year lease for Tri Gas at Easton Airport; council closes public hearing
Summary
Talbot County Council approved Resolution 3-70 to lease 9,424 square feet at Easton Airport to Tri Gas and Oil Company Inc. for 10 years with two five-year renewal options and an initial monthly rent of $1,119.49, with 2% annual escalations.
Talbot County Council approved Resolution 3-70 to execute a lease for 9,424 square feet (more or less) at Easton Airport to Tri Gas and Oil Company Inc. The lease term approved is 10 years with the right to renew for up to two additional five-year terms; initial rent is $1,119.49 per month, subject to an annual 2% escalation over the prior year’s rent.
The nut graf: The lease was presented as a continuation of an existing, longstanding tenant relationship and was recommended by the Airport Board; the council held a public hearing, heard no speakers, and approved the resolution on a roll-call vote.
Airport manager Michael (Micah) Risher told the council the company has been a tenant since 2015 and that the arrangement produces non-aeronautical revenue for the county. “We’ve had a very good relationship with Tri Gas,” Risher said, adding that the terms broadly continue existing rent and renewal arrangements.
The council opened and closed the public hearing with no public comments and then voted by roll call. The vote record on the motion to approve was Aye — Callahan, Stepp, Lesher, Milkey and Haight; the motion carried.
Ending: With the vote, the county will execute the lease on the terms announced and continue Tri Gas as a tenant at Easton Airport. The Airport Board supported the lease by a unanimous recommendation prior to the council vote.
