Laserfiche WebLink
<br />CITY OF PARIS, TEXAS <br />CITY COUNCIL AGENDA REQUEST <br /> <br />MEETING DATE: I April 23, 2007 <br /> <br />. Action 0 Discussion <br /> <br />o Information <br /> <br />o Refer to: <br /> <br />SUBMITTED BY: <br />Lisa A. Wright, Director of Community Development <br /> <br />DESCRIPTION: <br /> <br />Consideration of and action on amending Section 6-24 of the Code of Ordinances of the <br />City of Paris to increase the monthly T-hangar rental rates by 7.5% across the board. <br /> <br />BACKGROUND INFORMATION: <br /> <br />In 2001, the City of Paris completed construction of new nested T-hangars at Cox Field <br />Airport. On October 4,2001, prior to leasing the spaces, the City adopted new rental <br />rates for T-hangars; however, since that time, no new hangars have been constructed <br />and no rental increases have been adopted. In order to maintain eligibility for future <br />grant funding, the City must, from time to time, take steps to demonstrate to TxDOT that <br />its rental rates are such that Cox Field Airport is attempting, as nearly as possible, to <br />fund its own operations. I conducted a survey of similarly situated airports in Texas to <br />determine if the rates charged at Cox Field Airport were in line and presented the <br />information to the Airport Advisory Board. Based on that information, they <br />recommended a 7.5% increase in T-hangar rental rates. Thereafter, I conferred with <br />TxDOT to ensure this increase would be satisfactory to them, and I was advised that it <br />would. <br /> <br />FISCAL AUTHORITY: <br /> <br />BUDGETED: N/A Account #: <br />GRANT: Account #: <br />BOND I C 0 Account #: <br />Other: See attached for recommended funding <br /> <br />LEGAL REVIEW: <br /> <br />MANAGER'S RECOMMENDATION: <br /> <br />,. ._, '~"r .,..... ..., .....'.. <br />