> On May 12, 2006, at 12:30 AM, Roger Halstead wrote:
>> We had that too, but when they found that because part of the land had
>> purchased with federal money they would have to pay it back "AT CURRENT
>> MARKET VALUE" and not just that portion opinions began to change. Also
>> of it was donated with deed restrictions. I think it would have run
>> to the whole city budgett to pay off the feds and even the complainers
>> up after that.
> It's actually worse than that, Roger. If a municipality accepts FAA
> money, then they have to agree to operate the airport for a long period
> of time (typically 20-25 years). It carries the stipulation
*Except* for land acquisition. That is forever and is paid back and current
fair market value and "I believe" that is for the entire airport, not just
the land parcels that used federal grant money for purchase. Of course
donated land by foundations usually comes with grant restrictions and that
reverts back to the foundations.
Most grants have a esiration of 20 years, *but* as you said, they are
required to keep the airport up in good shape during the term of the grants
and that usually requires accepting more grants.
> that they have to keep it up to standards.
I have the whole grant package regulations here. <:-))
They are three books about the size of a magazine each. (Available from the
AOPA) Each details requirments, compliance, and a number of limittions. They
are available free to members and I believe airport operations.
> More than once, a town has gotten FAA money, improved the airport, then
> after a few years gets overtures from developers looking for cheap land.
> They convince the town to close the airport and develop it. The town then
> goes to ask the FAA how much they need to pay back.
Even if they can get the faa to agree The may find paying the feds fair
market value for all of the land a bit distastful. <:-))
Roger Halstead (K8RI and ARRL 40 year Life Member)
N833R - World's oldest Debonair CD-2
> Years and years ago, the FAA might go for this. But not recently. They
> get the AOPA, EAA and other alphabet organizations breathing down their
> neck, and the FAA says nothing doing -- you've got to continue to operate
> the airport.
> Bill Coleman, AA4LR, PP-ASEL Mail: email@example.com
> Quote: "Not within a thousand years will man ever fly!"
> -- Wilbur Wright, 1901
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