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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 month for Aaron Bowman and Jared Smith (1760 sq ft city‑owned hangar), a 5‑year monthly rate of $77.45 for the Civil Air Patrol (1,760 sq ft), an annual rate of $1,377.70 for the Bob Howard Larson Trust (5,990 sq ft) over 15 years, a 30‑year term with an annual rent of $1,299.46 for Butch and Ashley McDougall (5,649.81 sq ft), and a 20‑year term at $1,447.39 per year for Hannah Warner (hangar property listed as 6,293.93 sq ft in the agenda).
Airport Manager Allen Evans explained the city benchmarks rates against other regional airports and consults the airport commission. He said the FAA requires charging what it calls fair market value and that leases include CPI adjustments and scheduled reviews. Council members asked why the Civil Air Patrol rate was monthly and Evans said CAP is an Air Force auxiliary typically offered a shorter term and lower rate. Council Member Cheatham moved to approve the leases and resolutions; Council President Lyric seconded and the motion passed by roll call.
