Municipal Airport Authority Regular Monthly Meeting - March 2026

The Shelbyville Municipal Airport Authority held its regular monthly meeting on April 30, 2026, focusing primarily on airport land lease rates, hangar site development, and related procurement processes. Discussions included reviewing updated state aeronautics data to adjust hangar and land lease rates, with a recommendation to increase the base land lease rate from 35 cents per square foot to a higher amount reflecting recent utility improvements and market conditions. The Authority also deliberated on the process for issuing Requests for Proposals (RFPs) for new hangar sites, emphasizing the need for proposals to demonstrate financial stability and development plans, including potential minimum fuel purchase commitments to ensure operational viability. Additionally, the board approved increasing tie-down lease rates from $50 to $75 with a one-year review, considering market comparisons and demand. The meeting highlighted the importance of balancing fair market value with encouraging local aviation community growth and ensuring long-term commitments from lessees. Action items included drafting an RFP for hangar site leases for review at the next meeting and implementing the approved tie-down rate increase.