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4. Research of proposed tie -down (parking) fees: Mr. Rex reported that both city attorney Haynes and Mr. Robert Norment, advisor to the City of Paris on airport insurance matters, agreed that to charge for airplane parking would greatly increase the City's legal liability and that this increased liability would have to be covered by adequate insurance. From facts provided to him, Mr. Norment estimated that the cost of such increased coverage would be around $7,500 per year, compared to the current annual premium of less than $1,000. It was noted that added labor and accounting costs would be incurred by adopting such a fee system and operating it on a 24 hour basis. Mr. :oseley, along with other non -board members in attendance, noted that they had never paid a tie -down fee at any municipal airport in their travels in this area of the United States, except at D /FW airport. Mr. O'Brien contended that airplanes based on Cox Field should pay for such service even if transients do not. Mr. Collier noted that we currently have on'-y nine (9) such spaces on the paved ramp to rent and that to even recover the added insurance cost would require an exorbitant rent, far greater than current hanger rent. After lengthy discussion, no action was recommended by the board for the present time. 5. Other Old Business: Mr. Collier noted that certain permittees were not living up to the terms of their operating permit. A review of the permit form itself was found to provide the necessary instruction for the Manager to take in such situations. Also, the problem of past due hanger rental fees was presented by Mr. Collier, who indicated that no guidelines have ever been adopted by the Council for the contingency. Mr. Mallison moved that the Council adopt the following policy regarding hanger rental: that all rents are payable in advance on the first of each month and shall be considered past due if not paid by the tenth of any given month, with a 10% penalty to be applied and collected if rent is not paid by the tenth of the month, and with eviction proceedings to commence at a time to be determined by the City Attorney. This was seconded by Mr. O'Brien and carried unanimously. New Business: 1. Bruce Carr re Metro Airlines: Mr. Carr, first vice - persident of the Chamber of Commerce of h wmar County and past chairman of the Aviation Committee, gave a brief presentation to the Board on the current status of Metro Airlines in Paris, as that the Board could be informed about the situation. His comments included: A. A brief history and background on Central Airlines, Frontier Airlines and Metro Airlines service to Paris; B. A report on a meeting held in April in Paris attended by Metro Airlines officials, FAA representatives, and City of Paris and Chamber of Commerce representatives. At this meeting the Airline Deregulation Act