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Moffat County updates airport ground leases to per‑square‑foot rates, keeping terms voluntary for existing tenants
Summary
County staff proposed and the board approved revised airport ground leases switching from an assessed‑value rent formula to a square‑foot rate (proposed 23¢/sq ft commercial; 18¢/sq ft private), with existing leases honored until they expire; staff said the change simplifies administration and is expected to be voluntary at renewal.
The Moffat County Board approved revisions to airport ground leases that replace a fractional assessed‑value rent formula with a per‑square‑foot rate structure, county staff said.
Candace Miller presented the proposed change, which keeps the lease term at 20 years with an option for a 20‑year renewal but moves rent calculations to a fixed rate: 23¢ per square foot for commercial operations and an 18¢ per square foot rate for private (noncommercial) users. Miller said existing leaseholders will remain under their original terms until their leases expire and that transitioning to the new rate would be voluntary at renewal.
Miller said the present arrangement—rent calculated as one‑half of 1 percent of assessed value every five years—can delay finalizing a lease because the assessor’s valuation is required. Under the proposed structure, staff can calculate rent from building square footage during initial review, streamlining the leasing process. She noted comparable airports show wide variation in rates; the proposed 18–23¢ band is below many peer communities but would simplify administration.
Commissioners expressed appreciation for the staff work, noted expected hangar growth once ASOS relocation and west‑side planning advance, and approved the lease revisions on the record.
