Finalizing the hangar lease agreement

Last Thursday, Andy Van Tol presented changes to the lease agreement in order to resolve issues of renewal and termination in ways that make sense, especially tax-wise, for hangar owners. The Saratoga Airport Board was satisfied with the language, and as of the Jan. 14 meeting, it had been sent out to the town attorney.

The vast majority of the language had been borrowed from the commercial lease, according to Van Tol, with one sentence taken from Fort Collins. The changes, which largely determine responsibility and ownership in lease changes as well as assign value to hangars at the end of a...