Title
A Resolution Approving the Lease of Half-Size T-Hangar Units at the Foley Municipal Airport and Establishing a Lease Rate
Summary
Description of Topic: (who, what, where, when, why and how much)
The T-Hangar Units on the South Apron have a half-size unit on each end for a total of 4 units. There have been recent inquiries by individuals who are interested in leasing a unit of this size for the purpose of housing various types of small aircraft or utilizing the unit for the construction of an aircraft. I am asking for approval to lease these units on an as needed basis and establish a lease rate. A full-size unit on the south apron leases for $300 per month or $3,600 per year. It is suggested that the lease amount for the half-size unit be $150 per month or $1,800 per year. The lease of these units would bring in additional revenue but may not be a continuous source of revenue because the limited size will only accommodate specific aircraft.
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 #____________________.
_____ No, requesting an increase of $___________ to an already approved project titled ________________________ that is being tracked under Account No. ___________________.
Body
WHEREAS, the T-Hangar units on the south apron at the Foley Municipal Airport contain a half-size unit on the east and west ends (total of four units) that have not been designated as revenue producing space, and,
WHEREAS, recent requests have been received to lease these units for housing various types of small aircraft and for the construction of aircraft that would suitably occupy the hangar upon completion, and,
WHEREAS, the full size units on the south apron lease for $300 per month or $3,600 per year, it is recommended that a rate of $150 per month or $1,800 per year be established, and,
WHEREAS, the lease of these units would generate additional airport revenue, but due to their size, use may be limited and the revenue generated may not be consistent.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
SECTION 1: Approves the lease of T-Hangar end units on an as needed basis.
SECTION 2: Establishes a rate of $150 per month or $1,800 per year for these units.
SECTION 3: This Resolution shall become effective immediately upon its adoption as required by law.