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Board recommends city approve assignment of Doug Jones hangar lease to Motive Arrow LLC
Summary
The Hurricane Airport Board voted to recommend that city council approve assignment of Doug Jones’s hangar lease at 5 South 3 East to Motive Arrow LLC, with board members noting the buyer’s business profile and advising future buyers to complete paperwork before closing.
The Hurricane Airport Board unanimously recommended that the city council approve the assignment of the hangar lease currently held by Doug Jones to Motive Arrow LLC for the unit at 5 South 3 East.
Steve Nation (speaker 4) introduced the item and said the lease-transfer process requires the board's recommendation before final council action. He told members that Motive Arrow may already have completed its purchase and that, “If there's no reason not to approve the assignment, then we'd have to have a reason to say no.”
David (airport manager, speaker 7) described Motive Arrow as an aviation business tied to Rotax operations that employs six people and intends to expand, supporting the company's request for additional hangar space.
Board members noted a legal sequencing concern after Steve Nation clarified that, in at least one instance discussed, the buyer and seller had already exchanged money before paperwork was completed; he urged the public to finish required assignment paperwork before closing transactions. A motion to recommend that the city council approve the assignment was moved (identified in the meeting as Derek) and seconded (identified as Jason); members voted unanimously to forward the recommendation.
Next steps: The recommendation will be considered by the Hurricane city council, which has final authority to accept or deny the lease assignment.
