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Council forwards NCAR/RARA license agreement to finance after extended discussion of terms, fees and operations
Summary
Councilors agreed to send a proposed license agreement with the Reno Air Racing Association (RARA/NCAR) to the finance committee. The agreement would set a long-term framework for air races at the Roswell airport, include a possible 30-year term after initial review, require extensive insurance and outline revenue-sharing and operational duties.
Councilors voted to forward a proposed license agreement with the Reno Air Racing Association (RARA/NCAR) to the finance committee after an extensive presentation by staff and supporters.
Staff said the draft merges an earlier memorandum of understanding into a single license document and clarifies term, operations, financial arrangements and responsibilities. Under the draft, RARA would hold a waiver period around the event during which it would control certain airport grounds; if the event proves economically sustainable after an initial three-year period, the license would convert to an automatic series of…
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