Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Airport Operations topic
No spam. Unsubscribe anytime.
Council approves new fuel‑farm lease with incoming FBO; city expects about $50k–$54k annually
Summary
Council approved a 10‑year lease with incoming fixed base operator 5 Rivers Jet Center (RIW) for the airport fuel farm; staff said the agreement maintains a 12.5¢ fuel flow fee that should generate about $50,000–$54,000 annually based on current sales.
City staff presented a recommended new fuel farm and fuel flow lease at Central Wyoming Regional Airport with the incoming fixed base operator, 5 Rivers Jet Center (RIW). The lease replaces the existing agreement and aligns with other airport lease terms.
Staff said the agreement maintains a 12.5¢ fuel flow fee to the city and "should generate about $50,000, $54,000 annually" based on current fuel sales, and noted the operator expects to grow sales. The lease term is 10 years with one‑year renewal options.
Council approved the lease by voice vote; staff said revenue could increase if fuel sales grow under the new operator. No further financial guarantees were discussed at the meeting.
