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Private Hangars Ground Graund I~ease Rental? Terms of Leases If Taxes Due, Ownership Revert iGnds of insuranee Required . Airport Make-up of Baard Available? Leases? (Primary) tu 6e Faid by tu City? When. Advisury Lessee? Board Size KERRVILLE' Yes Yes Based on property 20 years; 25 years if Yes Y e s. A t During construction, Contractor's 5 ACTUAL: pilots and appraisal. hangarfinanced termination ar Insurance; Commercial General business-men linked completion of lease. Liability -$1,000,000; Automobile in some way to the Liability - not less than $1,000,000; airport Properry and Casualty Eatended Coverage - at least 90% of replacement value; Hangar-keepers' liability - $1,000,000 NA~~GDOCHLS' Yes Yes $0.1624 per sf per year, 20 years Yes City has right-of- G e n e r a 1 L i a b i 1 i t y - 5 PREFERENCE: 3 adjusted annually with the first-refusal upon $100,0001$300,0001$300,000 pilots, 2 non-pilots CPI sale, default, or determinarionnotto enter into a new lease. ANGELINA COUNTY Yes Yes $0.15 per sf per year 40 years Yes Y e s. A t WAITING TO RECENE THE 7 ACTUAL: abouthalf AIRPORf', termination of LEASE TO COMPLETE THIS are pilots with the OLUFKIN) lease. SECTION. remainder being city or county residents CORSICANA2 Yes, but there has Yes Based on the value of the 20 to 30 years Yes Y e s . A t G e n e r a 1 L i a b i 1 i t y - 7 ACTUAL: a doctor, been no new hangar. termination of $300,0001$500,0001$200,000 the Chancellor of the construction for 20 lease, whether by local college, a flight years completion of the i n s t r u c t o r, 2 terms of otherwise. commercial airline pilots, 2 others GAINE~VILLLE 2 Yes Yes $0.12 per sf per year, 20 to 30 years for Yes Yes. At the end of No insurance is required at this time. 7 REQUIREMENTS: adjusted every 5 years private hangars; 30 the primary lease The Airport Manager advised that he must be a resident of with the CPI to 40 years for term. and the City Attorney are looking into t h e c o u n t y; businesses this issue to begin establishing ACTUAL: some requirements. have hangars, some do not B1~OWNWOOI2 Yes No Construction of hangar in 20 years No, but they are Yes. Immediately Fire and Casualty Insurance - in an 7 REQUIREMENTS: lieu of ground lease researching to upon completion of amount equal to fair market value of 1 must be member of payments do in the future. construcrion. the hangar, payable to the City; city council Liability - $1,000,000 per occurrence Page 5 of 6