<strong>From staff reports</strong>

Beaufort County Council recently approved a lease template to be used by the airport in negotiation with potential aircraft hangar developers.

The airport is opening an initial phase of development area and seeks a Letter of Intent (LOI) to develop aircraft hangar facility following from potential developers. The LOI must include:

Description of hangar and proposed aeronautical use (personal, business, etc.);

Type(s) of aircraft that will be housed in hangar;

Estimated amount of activity and estimated annual fuel purchase from ARW;

Proposed lease rate (based on square foot rate per year) with minimum set at $0.25 per square foot;

a schedule of development.

Letters of intent will be evaluated by a committee and will be ranked according to overall best value to the airport. That ranking will establish the site selection order of preference.

The airport intends to award multiple leases. LOIs must be received by the Airports Business Manager, T. Marlene Myers, at Tracy.Myers@bcgov.net not later than 3 p.m. Monday, Dec. 21. A copy of the lease template may be obtained by contacting the Business Manager.