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Airport authority approves amended land‑lease terms; board changes inflation language and sets hangar rent by footprint
Summary
Board unanimously approved an amended land lease that sets hangar rent at $0.43 per square foot (flight‑line hangars $0.47), charges by hangar footprint rather than full lot for existing hangars, and amends the inflation clause to make yearly increases determined by the Airport Authority Board.
The Logan-Cache Airport Authority unanimously approved an amended land‑lease agreement that recalibrates how hangars are charged and clarifies annual rent adjustments.
Under the approved agreement, the authority will charge existing hangars by the footprint of the hangar at $0.43 per square foot and $0.47 per square foot for flight‑line hangars. The board changed an earlier draft that had charged entire lot sizes; the change responds to public comments from tenants who would have faced large rent increases under the lot‑based approach.
Board members also amended the lease’s inflationary adjustment language. The redrafted clause replaces the phrase “at least the Social Security cost‑of‑living percentage” with language that sets a minimum benchmark but explicitly makes the annual increase “as determined by the Airport Authority Board.” Several members noted that the Social Security COLA is a single, national benchmark and discussed using a clearly identified CPI index if the board later wanted to tie increases to a published inflation measure.
The board’s motion, made with the changes discussed at the meeting, passed unanimously.
The amended lease retains tenant obligations for hangar maintenance (including mowing, snow removal of the local apron area, and upkeep adjacent to hangar doors) and continues the authority’s responsibility for the taxi lanes and other shared infrastructure. Board members suggested future policy work on new leases and expansion parcels to encourage efficient use of limited developable land (for example, zero‑lot‑line construction) while preserving protections for existing hangars.
The board asked staff to treat new hangar lots (future development) differently from existing hangars; members supported footprint billing for existing hangars while leaving the authority flexibility to charge by site for newly developed parcels to promote efficient use of the airport’s remaining land.
The board voted to approve the amended lease with the discussed changes; the vote was unanimous.
