HomeMy WebLinkAbout1986-03-10
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T own of Nantucket
NANTUCKET ~EMORIAL AIRPORT
Nantucket Island, Massachusetts 02554
MEET I NG MARCH 10, 1986
The meeting was opened at 4: 15 p. m. by Chairman Robert Allen with the
following Commissioners present: Norman Beach, Alexander Craig, Robert
Epple and Thomas Giffin.
The Minutes of the March 3, 1986 meeting were unanimously adopted as
written with the insertion of "equipment" between "FAA" and "goes" in
the last two lines of page one.
Mr. William McGrath presented a brief letter requesting the Commission to
consider a proposal by McGrath Aviation Inc. to assume all aspects of the
management of the airport (with the exception of the parking lot), by con-
tract to be determined. I f adopted, a management contract would place the
Commission in roughly the same position as the Board of Directors of any
industrial concern, i.e. setting policy but leaving management details to
others. McGrath Aviation already provides some FBO service - aircraft
maintenance, inspection and repair, and has proposed taking over fuel
services. The new proposal would encompass most other aspects of the
management. Other national airports have management contracts (e.g.
Teterboro managed by PanAm) and Mr. Craig is getting more information
on the details of other locations.
For information and possible future action.
Town Counsel Foley Vaughan entered the meeting with a letter (attached)
which approves the bidding mechanism concerning the parking lot manage-
ment proposal. He stayed for the subsErquent discussion described below.
Representatiyes of Nantisco (Mr. S~ckpole and others) with their attorney
Arthur Reade Jr. entered the meeting, and wide-ranging discussion followed
over their proposal to assume the capital expense (some $750,000) of com-
pleting .the new parking lot (the interior of which is not funded by AI F)
and operating the same, paying the airport an annual rent for the privilege.
The rent fee initially proposed by Nantisco was $20K annually" for the first
seven years, $30K for the next seven, and $40K for the fol!owing six of a
twenty-year rental agreement. It was stated that the basis" for this sliding
scale was the expectation that the fees charged parkers would increase over
the years in some correlative fashion. This will be modified in the proposed
lease agreement as follows: The basis will remain at $20K, but a yearly cum-
ulative supplement will be added equal to the percentage increase in the simple
average of the four classes of parking fees. (Mr. Vaughan will determine
whether this is a significant change, from the bidding standpoint, in the
proposal.) Another modification is the elimination of the option to renew after
twenty years, since inclusion would require Town Meeting approval.
It was MOVED by Mr. Giffin, and SECONDED by Mr. Epple, that the Commission
proceed with the Nantisco lease arrangement, as modified above, the formal
lease to be prepared by Mr, Reade for signature at the next meeting ~ The
motion was PASSED by a vote of three to one, with Mr. Craig opposed.
The meeting adjourned at 6: lOp. m. *subject to legal approval
A true record, Norman F. Beach, Secretary, Acting.
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