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Old March 31st 05, 04:04 PM
Kent Ashton
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Vision 100 - Century of Aviation Reauthorization Act enacted last year,
requires

(21) if the airport owner or operator and a person who
owns an aircraft agree that a hangar is to be constructed at the
airport for the aircraft at the aircraft owner's expense, the
airport owner or operator will grant to the aircraft owner for
the hangar a long-term lease that is subject to such terms and
conditions on the hangar as the airport owner or operator may
impose.''
http://frwebgate.access.gpo.gov/cgi-...cong_public_la
ws&docid=fubl176.108

Problem is, the act doesn't say what a long-term lease is.
Representative Pearce (R-NM) proposed a new law to say that a long-term
lease is 75 years. I'm suggesting we should support that.
--Kent

From: Darrel Toepfer

Are there any situations where normal 5-10 year leases have caused
problems?


With and airport receiving support funding from the FAA, the feds frown
on leases over 25 years...