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survey of the smaller cities' return on investment from their airports. City -owned Airports, comparable in size and population to Paris, are difficult to locate according to PAAC members. PAAC members again protested the Airport Board's rental fee recommendation which has now been approved by the City Council. Lack of or poor services at the Airport were discussed. Mr. Moseley stated that the Board's recommendation was based on'the idea that if the hangers paid for themselves over a 15 year period, then the City would be more willing to approve more hangers that are very much needed. John Bell responded that the airport provides benefits to the city in attracting industry that is decentralizing to smaller communities like Paris. Out of the 2500 companies in the U.S. that are relocating, at least 2370 own and operate planes. Bob Loughmiller stated that Merico would not be in Paris if Airport facilities were not available. Merico, like Campbell Soup and several other large companies that have moved to Paris uses the airport almost daily. The two Merico companies employ 740 local people who earn $ 7.3 million annually. Growth and improvement of airport facilities are vital interests to these local industries and to other industries considering Paris as a site to relocate. PAAC members agreed to provide a priority list of services and improvements they are suggesting for the airport. Dr. Huneycutt suggested that the Board recommend that Mr. Maness' proposed hanger construction plan be seriously considered by the City with limited City restrictions. .Mr. Rex responded that this could be done when a written proposal is presented to the Board by Mr. Maness. Mr. Rex also urged PAAC members to gather information and amortization figures to present to the Board at the next meeting for final review of the rental rates. 3. Review Annual Statistical Reports on Monthly Airport gas sales from the Airport Manager. Mr. Collier presented written tables to each Board member. New Business: 1. A film by the FAA, "Airports Mean Business," was viewed. Board members were impressed with the importance of airports to communities and the figure showing how airports build cities.