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Airport authority approves amended land lease; hangar rent set by footprint at $0.43/sq ft (flight‑line $0.47)
Summary
The board unanimously approved an amended land lease that charges rent based on hangar footprint (not entire lot) at $0.43 per square foot for hangars and $0.47 for flight‑line hangars, and clarified annual rent adjustments will be set by the authority (minimum tied to Social Security COLA language changed to 'at minimum').
The Cache County Airport Authority unanimously approved an amended land lease on Thursday that changes how hangar rent is calculated and clarifies annual adjustment language.
Board members had debated whether to charge the entire hangar lot or only the footprint; after public feedback the lease was revised so tenants will be charged only for the hangar footprint. The…
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