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Council approves multiple airport lease agreements with CPI adjustments and five‑year reviews
Summary
Pocatello council approved lease agreements and resolutions for several airport properties (items a–e), with terms ranging from five to 30 years and rents tied to CPI; staff said the FAA requires leases reflect fair market value and the city conducts a full review in 2026 and every five years thereafter.
The Pocatello City Council approved a series of lease agreements and corresponding resolutions for properties at the Pocatello Airport.
Agenda items covered leases for a range of tenants including airport‑owned hangars and privately owned hangars. Terms and rental rates noted in the agenda include a 5‑year term at $324.20 per…
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