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Airport staff seek clarity on hangar insurance and confirm rent adjustment approach

City of Shelbyville Mayor and City Council Study Session · November 8, 2024

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Summary

Airport director said the authority moved to a fixed-dollar rent model after a large market adjustment; staff also told council that individual T-hangar tenants frequently can only obtain $1 million in aviation insurance (not the $2 million sometimes requested) and the city has accepted $1 million for recent approvals.

Paul Perry, director of the Shelbyville Airport Authority, briefed council about hangar‑rental rate adjustments and insurance requirements for airport ground leases. Perry said the authority moved to a known dollar amount for hangar rent so tenants can budget for predictable increases, and clarified a prior…

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