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<br />the hangar for the life of the lease. The building is owned by the builder of the <br />private hangar until the lease expires and the ownership is transferred to the <br />City. The current lease calls for a ground lease to be paid by the builder for <br />the life of the lease unless the size of the hangar is 20,000 square feet or <br />larger and then it is negotiable. <br /> <br />Several members of the Board expressed concern that the current policy is <br />not working since no one has built a private hangar. A request was made to <br />prepare a form letter that the Airport Manager would give to a prospective <br />private hangar builder and the steps that would be involved in contacting <br />someone regarding building a private hangar. <br /> <br />Also, a discussion was held regarding PEDC and would then help market <br />private hangars at the Airport. Andy Fasken agreed to contact PEDC. <br /> <br />It was agreed that a form letter would be drafted and placed at the Airport <br />Managers office giving the steps required for anyone interested in building a <br />private hangar at Cox Field. <br /> <br />J.B. Richey requested that we put airport permits on the next agenda as some <br />people work on airplanes at Cox Field without permits. <br /> <br />3. <br /> <br />The meeting adjourned at 7:30 P.M. <br /> <br />Thomas E. Haynes, Recorder <br />