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Mr. Collier was to have obtained leases from the A.A.E.O. but did not. Mr. Sudduth will contact the A.A.E.O. for the lease agreements. Mrs. Campbell circulated a copy of the Addison, Texas Airport hangar lease agreement. Mr. Sudduth told the Board that the lease agreement which Mr. Collier had written and mailed to all current hangar leasees was not fair to the leasees. The contract did not provide for equal consideration between the City and Aircraft owners. Although they were invited to bring examples of lease agreements none of the public attending the meeting brought copies. Mr. Rex asked more research be done on the lease agreement and the matter will be taken up at the next meeting. 6. Hangar Waiting List Application - Mrs. Campbell read her proposed application for the hangar waiting list. It will be typed and presented in finished form at the April meeting. NEW BUSINESS: 1. New Permits - No new permits have been applied for or issued. 2. Parking - Mr. Boothe's problem with the parking in front of his business has been solved with the placement of signs. 3. Land Leasing.- Dr. Keller has purchased a Port -a -Port hangar and wishes to lease land to place the hangar at Cox Field. Mr. Sudduth asked that an area be designated for portable hangars only. Mrs. Campbell moved that the area west of the Faskin - Wintermute hangar be designated the location for portable hangars. Mr. Sudduth seconded the motion. The motion passed 5 -0. Mr. Rex asked what the terms would be for the land rental. After discussion the following terms were drawn up: 1. The rental rate for the land for the hangars be only $100.00 per year for the first five years thru 1988 to assist in offsetting the leases capital expenditure for the concrete slab which becomes the City of Paris property, with the owner being granted four -five year options at a rate not to exceed the tie -down rate established at Cox Field. 2. The concrete slab to be poured for the hangar will be paid for by the hangar owner and will become City property upon completion. Proof of payment for the slab must be provided to the City Manager before the hangar is erected. 3. Each hangar owner will furnish their own utilities. 4. Taxes which may be levied on the hangar due to their portable status will be paid for by the hangar owner. 5. The hangar remains the personal property of the person constructing it and may be moved or sold with proper notice to the Airport Manager.