LAND LEASE ADA-90913: THE FAIRBANKS HANGAR LLC, SUPPLEMENT 1

PUBLIC NOTICE - PROPOSAL TO AMEND A LEASE OF LAND

AT FAIRBANKS INTERNATIONAL AIRPORT

In accordance with 17 AAC 42.400(a) – The following should be published: April 12, 2024 through May 13, 2024 (30-days) in the Alaska Online Public Notice System.

NOTICE OF APPLICATION TO SUPPLEMENT A LAND LEASE: The State of Alaska, Department of Transportation and Public Facilities (DOT&PF), Fairbanks International Airport (Airport) proposes to extend the term of Land Lease ADA-90913, as follows:  LESSEE: The Fairbanks Hangar LLC.  PREMISES: Block 99, Lot 1, consisting of approximately 14,300 square feet.  LEASE TERM: Thirty-eight (38) years, beginning October 1, 2021 and ending September 30, 2059.  CURRENT LEASE RENTAL RATE: The annual rent is $1,716.00 ($0.12 per square foot x 14,300 square feet).  AUTHORIZED USES: Small aircraft personal hangar.  PROPOSED TERM EXTENSION: Current thirty-eight (38) year term based on initial $250,000 investment commitment.  Proof of construction costs submitted to Airport totaled $462,366, which supports a request for a term extension of twelve (12) years to a total term of fifty (50) years, to expire September 30, 2071.

This is an application filed under AS 02.15.090(c), which allows the Department to grant the proposed lease term extension without competition. 

This file is available for review during regular business hours, Monday through Friday, at the Leasing Office of Fairbanks International Airport, located at 6450 Airport Way Suite 1, Fairbanks, Alaska 99709, telephone 907-474-2525.  Anyone needing special accommodations may call TDD 1-800-770-TYPE.  Written comments must be received by 5:00 p.m., May 13, 2024 via email or letter to: kim.swenson@alaska.gov or  Kim Swenson, Leasing Office, Fairbanks International Airport, 6450 Airport Way Suite 1, Fairbanks, Alaska 99709, after which the airport manager will determine whether or not to execute the land lease supplement.

The Department reserves the right to correct technical defects in the lease language, the premises’ description, lease term, or the purposes of the lease, when to do so is in the best interest of the Department.

By:, Kim Swenson, Leasing Specialist II, FAI

 Date:  April 12, 2024          

It is the policy of the Department of Transportation and Public Facilities (DOT&PF) that no person shall be excluded from participation in, or be denied benefits of, any programs or activities we provide based on race, religion, gender, age, marital status, ability, or national origin, regardless of the funding source including Federal Transit Administration, Federal Aviation Administration, Federal Highway Administration and State of Alaska Funds.

The DOT&PF complies with Title II of the Americans with Disabilities Act of 1990. Individuals with disabilities who may need auxiliary aids, services and/or special modifications to participate in this project should contact DOT&PF at 907-474-2500 to make necessary arrangements. Individuals with a hearing impairment can contact Relay Alaska at 711 for assistance. Requests should be made at least 5 days before the accommodation is needed to make any necessary arrangements.