Columbus Municipal Airport

Industrial/Commercial/Professional

Building Site Land Leases

LOCATION:

The City of Columbus, Indiana is located in South Central Indiana, approximately 45 miles south of Indianapolis, Indiana; 80 miles west of Cincinnati, Ohio; and 75 miles north of Louisville, Kentucky.

The City of Columbus owns and the Columbus Board of Aviation Commissioners (BOAC) operates the Columbus Municipal Airport, which is located on the north side of the city.

CITY UTILITIES AND SERVICES:

All public works utilities are available to accommodate any proposed projects. These utilities are provided by…

        Water Columbus                                                          Columbus City Utilities

        Sewer Columbus                                                           Columbus City Utilities

Natural Gas                                                               Vectren Energy Delivery

        Electrical Power                                                            Duke Energy

Telephone                                                                        A T & T

Wireless Internet & Fiber Optic Connections                    TLS, Inc.

Following is a list of information concerning leasing building sites on Airport property. There are currently several lots available for rent. For more details, please contact the Airport Administration Office at 812/376-2519.

1) Land leases are available on a long-term basis with options to increase the term of leases up to 80, or more, years.

2) Lease fees are established at 10% per year of current appraised value.

3) Leases will be a fixed rate for the first five (5) years. Adjustments will be made to the rate at the end of each five (5) year period equal to the increase in the Consumer Price Index for the previous period.

4) The Board of Aviation Commissioners will have final approval of any and all buildings to be constructed.

5) All leases will require lessee to keep the land and the building(s) in clean, neat condition, and in good repair.

6) Lessee will have rights to all improvements and would have the option to remove improvements and return land to original condition at expiration of lease.

7) Leases will be prepared by the Board of Aviation Commissioner’s Attorney and will be in the same basic format, and contain the same basic clauses, as other leases.

Updated January 23, 2004