Alma approves Airport Revolving Hangar Program agreement; local share estimated at ~$94,129
Council approved Resolution 10-2026 to participate in an airport revolving hangar loan program on terms that include 0% interest; council discussed repayment, hangar use, occupancy and long-term costs, and noted an estimated local share of about $94,129 subject to final costs.
The full story
Mayor Hal Haeker explained the Airport Revolving Hangar Program agreement and said initial loan documentation referenced $479,200 while the city's currently estimated local share had been reduced to approximately $94,129, subject to final project costs. Council discussed 0% interest terms, potential repayment schedule, hangar use and rental opportunities and expressed concerns about long-term costs and occupancy.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in