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Council debates airport leasing rules; approves Holden aeronautical lease 4‑1
Summary
A lengthy council exchange over airport leasing procedures ended with approval of a non‑commercial aeronautical lease for Thomas J. Holden (4‑1). Councilmembers disagreed on whether to hold a broader workshop on Attachment B (leasing cap guidance) and several tenants and airport businesses urged partnership and noted FAA constraints.
Council members debated the city’s airport leasing procedures and attachment B (the formula used to set lease cap rates) before voting on a single lease brought off the consent agenda.
Councilmember Jeffrey Carroll pressed for a workshop and tighter leasing standards, saying long term airport leases can effectively lock up public land for decades and may undervalue airport property. Carroll noted the city’s current maximum cap rate language in Attachment B and asked that the council consider a minimum cap rate or other changes.
Other council members and airport tenants pushed back. Vice Mayor Moore and City Manager Monty Falls said airport leases…
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