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Board OKs moving forward on four-year airport lease extensions for cold box and testing building
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Summary
KEDA acknowledged and advanced an extension of two airport leases — the land lease at $2,000 per year and a testing building lease at about $2,100 per month — to be finalized pending airport commission approval.
Board members acknowledged and moved to advance a four-year extension of two leases at the airport tied to the cold-weather testing facility, pending the airport commission’s formal approval.
A board member (speaker S5) described the arrangements as two separate leases: one for the land the cold box sits on and another for the testing building. He said the current lease started in 2021 and the board should consider extending both leases for another four years.
On terms, he said the land lease would be $2,000 per year and the building lease approximately $2,100 per month, with the building lease to begin in January 2026/27. "So we would extend that another 4 years ... the land lease is $2,000 ... and for the actual ... testing building, it's 2,100 per month starting, it will actually start in January 2026/7," the speaker said.
Board members noted approval by the authority would be contingent on the airport commission’s review; if the commission approves, signatures will follow. The board voted by voice to acknowledge and forward the leases for airport commission consideration.
