Title
A Resolution Approving an Increase to the T-Hangar Lease Rates
Summary
Description of Topic: (who, what, where, when, why and how much)
Propose an increase to the current T-Hangar rates effective October 1, 2024.
Budgetary Impact:
Non-Capital Item:
____ Budgeted under account #_______________ (discussion item)
____ Not budgeted, requesting transfer of $__________ from Account #______________ to Account #_____________.**Request to Transfer Departmental Budget Dollars form must be attached**
____ Not budgeted requiring increase to account #___________ in the amount of $____________.**Request to Increase Departmental Budget Dollars form must be attached**
Capital - Departmental **Capital Purchase Worksheet form must be attached**
____ Budgeted under account #______________ for $_________ and described in budget as ________________________. Additional amount needed, if any: Increase in budget of $_________ OR, transfer of $________ from Account #____________ to Account #_____________**Request to Increase OR Request toTransfer Departmental Budget Dollars form must be attached**
____ Not Budgeted - account #____________ requires budget increase of $_____________.**Request to Increase Departmental Budget Dollars form must be attached**
Capital Project - **If requesting to start a project, a Capital Project Worksheet form must be attached**
In current year Capital Projects Plan:
_____ Yes, described as __________________________, planned amount $___________, requesting $_________ as total project estimate, including contingencies, under account #_________________
_____ No, requesting $___________ as total project estimate, including contingencies, under account #____________________.
_____ Yes, requesting an increase of $___________ to an already approved project titled ________________________ that is being tracked under Account No. ___________________.
_____ No, requesting an increase of $__________ to an already approved project titled _______________________ that is being tracked under Account No. _________________.
Body
WHEREAS, a recent survey of nearby airports (Gulf Shores, Fairhope and Bay Minette) was conducted to compare T-Hangar lease rates, and,
WHEREAS, an increase of $50/month or $600/year is proposed for all full size units, an increase of $25/month or $300/year is proposed for all half size units, and a $5 per month increase is proposed for the small storage units that are leased for aviation purposes only.
WHEREAS, the current and proposed annual lease rates are as follows:
Current Proposed
Small Hangars (#1-16) $3,300 $3,900
Small Hangar Storage $50 $55
Large Hangars (#17-24) $4,320 $4,920
Large Hangar End Units $2,160 $2,460
Medium Hangars (#25-48) $3,600 $4,200
Medium Hangar End Units $1,800 $2,100
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
SECTION 1: Approves the proposed lease rates which will be valid on October 1, 2024.
SECTION 2: This Resolution shall become effective immediately upon its adoption as required by law.