A temporary

incentive to kick start development at the new commercial hangar area

at Falcon Field may well do that before the project's even complete.

Leo Giles placed

a deposit on one of the six spots at the airport's Hangar Area B Wednesday

night after the Peachtree City Airport Authority approved the offer of

the incentive for 90 days. The incentive is a five-month grace period

between the time the site is ready to be built on and the time the authority

starts deducting monthly payments from the deposit placed on the site.

The authority

requires that a year's worth of rent be deposited to reserve any of its

hangar areas. The grace period for the commercial sites will help give

the developer time to get all the necessary permits in hand from the FAA

and other agencies such as the city fire department.

The individual

developer is in charge of constructing hangar and/or building improvements

for the site. The authority is responsible for providing the concrete

pad for the site and the taxiway and road system for access.

The project

is supposed to be completed by March 6, but there are worries that the

contractor will not finish on time. If so, the authority can assess liquidated

damages of $750 a day.

Giles is part

of a company called Air Patch Inc.,, which authority member Jerry Cobb

is also a principal of. Cobb announced this at the outset of the discussion

and stated he would not discuss or vote on the matter; he also offered

to leave the room to make the authority feel more comfortable, but that

offer was declined after no one in the audience protested either.

Giles plans

to build a 10,000-square-foot facility with 2.000 square feet of office

space. He said he currently doesn't have a tenant for the building but

he's actively seeking one.

The motion

to offer the lease incentive for 90 days passed 4-0, with Cobb abstaining

and authority member Douglas Fisher voting by telephone since he was out

of town. Fisher participated in the entire meeting via teleconference.

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