The Coweta
County Commission decided Tuesday night to help bail the
county's airport authority out of red ink.
The
commission voted unanimously to look into restructuring a
loan from a five-year payoff to a 10-year payoff after
listening to a report from the airport authority's
chairman, Dr. Charles M. Barron.
Barron told
the board the airport authority is currently taking in
$96,000 a year in revenue, but expenses are almost
$116,000.
The biggest
expense in the authority's budget is a $48,000 a year
payment to the county on the five-year loan. If the loan
was restructured to 10 years, Barron felt confident the
authority would be able to balance its books.
Barron also
asked the county to take over the mowing operations at
the Newnan-Coweta Airport. Currently, the authority
contracts the business to a mowing service, which is
nearly an $8,000 a year expense.
The
authority chairman said there was no other way to squeeze
any more revenue out of the airport.
"All
our buildings are occupied and we've got a waiting list
with 43 people on it," he said.
Eventually,
the county is going to have to expand the facility to
accommodate the growing population, Barron said.
The biggest
plus at the airport this year has been the addition of
the new fuel farm, Barron added.
The fuel
farm gives the airport the capability of selling large
quantities of bonded fuel to airplanes that fly into the
airport.
Earlier
this year when a movie was being filmed in the county, a
huge Gulfstream jet flew into the airport. When it left,
airport workers were able to load it up with 2,000
gallons of fuel.
"It
doesn't cost us any more to sell 2,000 gallons than 15
gallons. It just takes a little more time," he said.
The
commissioners thanked Barron for his presentation and
said they would get back to the authority after
investigating new terms for the loan.
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