Title
PRESENTATION REGARDING THE PROPOSED HANGAR RATES FOR THE NEW REPLACEMENT HANGARS FOR THOSE CUSTOMERS IN HANGAR UNITS L, S & OPEN-T’S WHO MUST PARK THEIR AIRCRAFT OUTSIDE UNTIL NEW REPLACEMENT HANGAR UNITS ARE AVAILABLE A DISCOUNTED RATE FOR A PERIOD OF TWO YEARS BEGINNING IN FISCAL YEAR 2019. (BOAC 1-23-18) (F&BC 2-5-18)
Body
Issue/Request:
PRESENTATION REGARDING THE PROPOSED HANGAR RATES FOR THE NEW REPLACEMENT HANGARS FOR THOSE CUSTOMERS IN HANGAR UNITS L, S & OPEN-T’S WHO MUST PARK THEIR AIRCRAFT OUTSIDE UNTIL NEW REPLACEMENT HANGAR UNITS ARE AVAILABLE A DISCOUNTED RATE FOR A PERIOD OF TWO YEARS BEGINNING IN FISCAL YEAR 2019
Key Issues:
· Airport improvements will require the removal of seven hangar buildings as part of Taxiway Alpha project which will begin in March of 2018.
· Tenants in the seven buildings have been requested to be out of the hangar units by February 20, 2018 to allow for demolition to begin in early March.
· Twenty-eight replacement units have been approved for construction and are expected to be completed by June 30, 2018.
· Rental rates for the new hangars are being proposed to be the same as Hangar Units H & G as they are the same style and size of units which are being built. The H & G units were constructed in 2000. These units currently rent for $386.00 per month. These units have been subject to a Consumer Price Index (CPI-U) review each year for the last 18 years.
· Staff is proposing a sliding scale rental rate for the first two-years for those tenants who are displaced and must park their aircraft outside until the new hangar units are completed.
· At the end of the second year the rental rates for these tenants would become the full rate as posted in the schedule of fees for these units.
Proposed Committee Motion:
I move to recommend to the City Council approval of THE PROPOSED HANGAR RATES FOR THE NEW REPLACEMENT HANGARS FOR THOSE CUSTOMERS IN HANGAR UNITS L, S & OPEN-T’S WHO MUST PARK THEIR AIRCRAFT OUTSIDE U...
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