Board urges conditional lease to protect potential builder before city spends funds
Board members recommended drafting a conditional lease for a prospective hangar builder so that city spending on design and grading is tied to a committed tenant; members said a contingent lease will strengthen the case to council and protect the builder if other applicants appear.
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Several board members said the city should secure a lease with conditional terms before committing municipal funds for grading and design. One committee member argued, "if we're going to spend money to go down this path, I feel like we need to have a lease and we need to start working on getting that done so that it's committed on both ends," and members agreed a contingent lease could be written with conditions tied to cost-share and project specifications.
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