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<br /> <br /> <br /> <br /> <br /> The Airport Advisory Board and the Airport Manager would like to request that the City of Paris <br /> build 10 more T hangers at Cox Field. Currently there are approximately 30 people on the <br /> waiting list for hangers. We feel all hangers would be rented in short order and begin to repay <br /> the cost of construction. These hangers would help promote the City of Paris as a place that is <br /> actively supporting aviation and growth at the airport. Listed below is a list of reasons why we <br /> feel new hangers are essential to Paris. <br /> 1. As stated before with 30 people on the waiting list they would all be rented. <br /> 2. There is a shortage of hanger space in this area, ask any of the local pilots who fly around and <br /> they will tell you that nearly every airport out there has a waiting list for hangers. <br /> 3. Some of the people on the waiting list are not from this area, in fact we frequently receive calls <br /> from people wanting to retire who have an airplane and are looking for a place that has hangers <br /> available. These people would move to this area, buy a house and spend their retirement <br /> income locally. <br /> <br /> 4. This would increase fuel sales which the City of Paris receives a percentage of. <br /> 5. In the last 9 years almost no new construction has taken place at Cox field. Other airports in the <br /> area have had more growth than us and have built new hangers and made more improvements <br /> to their runways and taxiways. <br /> 6. Cox Field is still the best Airport in Northeast Texas, we need to start making it grow more to <br /> help it maintain that status. We should (and are) trying to make it grow in every way that makes <br /> economic sense, building hangers is a good way to continue this growth. <br /> <br /> Attached are the estimated cost of construction from local companies that would be interested in <br /> constructing the hangers. <br /> Airport Manager Head Airport Board Airport Board Member <br /> Jerry Richey Vic Ressler Jack Ashmore <br /> <br /> Airport Board Member Airport Board Member Airport Board Member <br /> <br /> Bill Boothe Billy Copeland Glenn Chapman <br /> <br /> <br /> <br /> Total Projected Cost: $480,000.00 <br /> R.K. Hall (dirt and slab work) $232,598.00 <br /> Cunningham Steel (steel & labor) $244,071.00 <br /> <br /> Each unit rents for $162.00/mo. _ $19,440.00 annual rents <br /> Current unit rentals = $68,448.00 annual rents <br /> Total = $87,888.00 annual rents <br /> <br /> Current debt service =$9,677 annual payment ($19,354 Balance consisting of <br /> two more annual payments of $9,677) <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> w P00131 <br />