The URL can be used to link to this page

Home My WebLink AboutLaurel Airport Authority To: Owners of Structures in the Southwest Hangar Area From: Laurel Airport AuthorityQ[P 2 5 20,07 Date: September 28, 2007 Re: Conditions for Renewal of Leases In May 2007, a notice was sent to the owners of hangars in the southwest hangar area outlining certain conditions to be met as a prerequisite to the ground leases being renewed. As of this date, the owners of the structures have not adequately responded to the May 2007 notice. The Laurel Airport Authority does acknowledge the "Laurel Historic Airport Proposal" that was presented at the June 26, 2007 Laurel Airport Authority meeting. Because of the need to redevelop the southwest hangar area, the Laurel Airport Authority cannot support the either of the alternatives outlined in the proposal. At the August 28, 2007 meeting of the Laurel Airport Authority, several hangar owners and representatives of the hangar owners requested the deadline for presenting a plan acceptable to the Laurel Airport Authority for be extended. Pursuant to that request the Authority passed a motion extending the period. Summarized below are the conditions and timeframes for renewal of the leases: l. Your hangar is to be inspected by a licensed engineer qualified for the purpose of evaluating the hangar's condition. Following this inspection, a written summary of necessary improvements which will bring your structure into compliance with current building codes is to be prepared by the engineer and submitted to the Laurel Airport Authority prior to January 28, 2008. 2. You shall obtain all necessary building and electrical permits and have the improvements completed by December 31, 2008. 3. Provide liability insurance in an amount not less than$500,000, with the Airport Authority being named as an additional insured. 4. A figure showing the existing hangars is attached to this letter. New siding shall be installed as summarized below: Pagel of 3 Dr. John Smith Authority Chairman • P.O. Box 242 • 419 West 5th Laurel, Montana • (406) 628-4595 jsmithmt@aol.com Hangar 1 This hangar is being demolished by the owner of the hangar. Hangar 2-5 New siding shall be installed. The siding shall be a raised-rib metal siding and either earth-tone or white in color. All hangars shall be of the same color. Hangar 6 New siding shall be installed on the east and west sides of this hangar. This siding shall be raised-rib metal siding and shall be of the same color as the siding to be installed on Hangars 2-5. Hangar 7 The north half of this hangar is being demolished. For the remaining hangar, new siding shall be installed on the east and north facing sides of this hangar. The siding material shall be of the same type as already installed on the hangar. The siding color shall match color as the existing structure. 5. If electricity is required for your hangar, each hangar will be metered individually. All services shall be underground. 6. Upon written notice by the Building Inspector that all improvements have been satisfactorily completed for a hangar, the Laurel Airport Authority will enter into a lease with the owner of the hangar for a period not to exceed ten(10) years. The lease shall terminate at the end of ten(10) years or by June 30, 2019, whichever is earlier. 7. At the end of the term of the lease, the lease will not be renewed. 8. Prior to termination of the lease, the hangar (including foundations and floors) shall be removed from the Airport by the owner of the hangar. The cost of removal shall be the responsibility of the hangar owner. In the event the hangar is not removed the Airport Authority shall assume complete control and ownership over the structure. 9. Should the Laurel Airport Authority need to terminate your lease prior to June 30, 2019, the Laurel Airport Authority will purchase your hangar for an amount determined as follows: a. The value of your hangar as of the renewal date of your lease will be equal to the assessed value as determined by Yellowstone County for property tax purposes as of January 28, 2008,plus the cost of improvements and repairs necessary to bring the hangar in to compliance with current building codes, plus the cost of installing new siding as required in Item 4. Page 2 of 3 b. The hangar value will be depreciated based on a straight-line basis with the depreciation term beginning on the date of the lease renewal and ending in 10-years or June 30, 2019 whichever is earlier. 10. As of this date, the 90-day temporary electrical service has expired and the Yellowstone Valley REA will be disconnecting the electrical service soon. Until you have entered into a new lease with the Laurel Airport Authority, the electrical service will not be restored. 11. Prior to January 28, 2008 it is understood that you are on a month-to-month tenancy. All past due rent and utility charges shall be paid in full within thirty(30) days of the date of this notice and kept current. If you fail to comply with the foregoing requirements within the timeframes specified, the Laurel Airport Authority will deem your month-to-month tenancy terminated and will proceed to provide notice of the defaults and deficiencies. Notice will give you thirty (30) days to correct the defaults and deficiencies. If not corrected within the time allowed the Airport Authority shall have your hangar dismantled. Sincerely, Laurel Airport Authority Jo . Smith, Chairman Page 3 of 3 f oW P 11 N "� II C,V,,.` r �& �t I y4 a 3 q 5 tMl 5p y �1 A I E 1RT Mf IMM Id al— tl F b f k A �pp�aOp ;P r f: d ij g Yrf : I I �i1k� n MOO 14 FO I I° •r^ , xIM fI e,IMNftJ3vRI t iz d7 ^{I ,�,p I:I.