The State of Montana Department of Fish, Wildlife, and Parks (FWP) currently leases a 21,875 square foot parcel in the Executive Hangar area located on the west end of the Airport for its hangar.  FWP utilizes this hangar to house State owned aircraft, which it uses for the management of wildlife in this region of the State.  The current Lease expired on June 30, 2014.  This State of Montana agency desires to renew the Lease for this parcel for another 10-year term.  A copy of the Lease is on file in the City Clerk's Office.
 

The City Council may:

• Approve the 10-year renewal Lease with FWP; or
• Not approve the 10-year renewal Lease with FWP.

The Lease will generate $6,098.76 of revenue for the City's Airport in the first year of the Lease.  Rental rates for subsequent years will be adjusted annually by the Department of Labor's Consumer Price Index for All Urban Consumers (CPI-U).

Staff recommends that Council approve a new 10-year Non-Commercial Aviation Ground Lease with FWP for the term beginning July 1, 2014, and terminating on June 30, 2024.