Terrell authorizes FBO amendment and land lease for large hangar with Apex
Council authorized the city manager to execute an amendment to the Fixed Based Operator agreement and a land lease with Apex to build a community 12,000‑sq‑ft hangar (plus a 3,000‑sq‑ft hangar) at the municipal airport, with the city receiving 21¢ per gallon on fuel sales and the asset reverting to city ownership at lease end.
The full story
City engineer Chris Snell presented a negotiated amendment to the Fixed Based Operator (FBO) agreement and a land‑lease for construction of a 12,000‑square‑foot hangar, a 3,000‑square‑foot hangar and connector to the terminal, to be built and operated by the existing airport operator (Apex). Snell said the project responds to demand for secure overnight storage for business jets and reflects the results of the city’s RFP process, which produced a single applicant (Apex Arrow), the current FBO operator.
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