Waterville Airport update from the Hangar Owner Group
We are a group of pilots who own hangars at the Waterville municipal airport. We have invested considerable money in aircraft hangars at the Waterville airport over the past 15 years.
The hangar owners have a relationship of tenant/landlord with the Waterville Airport Co-operative (WACL) and the Municipality of Kings (MoK).
The lease/management agreement between the WACL and the MoK does not expire until the fall of 2015 or early 2016, depending on the interpretation of the leases in question. On March 10 the county council voted to close the Waterville Airport effective Sept. 30, fully a year before the lease/management agreement between the two groups expires.
Our hangar owner group is in fundamental disagreement with the MoK and council over closing the airport prior to the expiration of its management agreement with WACL.
7701 Las Colinas Blvd., Ste. 800, Irving, TX 75063