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County approves lease addendum amortizing fire-hydrant installation for Timberland Construction hangar
3287371 · May 14, 2025
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Summary
The county approved an addendum to an airport lease with Timberland Construction Services LLC to amortize a lessee-funded fire-hydrant extension; the addendum reduces rent by $212.93 per month over 11.5 years and includes reimbursement terms if the hangar sells within five years.
Kootenai County approved an addendum to an airport lease with Timberland Construction Services LLC that reimburses the lessee for installing a fire-hydrant extension by reducing rent over a fixed amortization schedule.
Kim Stevenson, representing the airport, said a fire…
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