(Hat tip to *Augusta Jim* ... thank you for sharing this story from the Wilkes Journal-Patriot)
Posted: Monday, December 17, 2012 2:04 pm | Updated: 2:06 pm, Mon Dec 17, 2012.
Termination of an economic investment agreement and lease for hangar ground space with MX Aircraft LLC at the Wilkes County Airport is on the agenda for Tuesday night’s meeting of the Wilkes County commissioners.
County Attorney Tony Triplett said officials with MX Aircraft asked that the company be allowed to only lease part of the county-owned 12,648-square-foot community hangar it currently occupies at the airport for manufacturing racing aircraft.
Triplett said MX Aircraft officials also want to terminate the company’s lease of nearby county-owned airport property that has been prepared for construction of a new hangar.
He said the company wanted to scale back its plans at the Wilkes County Airport due to challenging economic conditions. He said this included terminating an economic investment agreement with the county that called for the company’s construction of a new hangar and for the county to pay MX $175,000 upon completion of the new hangar.
Under a proposed new lease approved by the Wilkes Airport Authority, MX Aircraft would pay the county $500 per month for occupying part of the community hangar.
Under and economic incentive agreement between the county and MX, the county has been reimbursing MX for its community hangar lease payments.
MX recently moved part of its operation from the community hangar to the former Carolina Glue Chip building on Stokes Street in Wilkesboro. MX bought the building last year.
MX had planned to completely vacate the community hangar when it finished building a new hangar at the county airport and then occupy the new hangar and the building on Stokes Street.
The new hangar was supposed to have at least 10,000 square feet of floor space and be built on part of about seven acres leased from the county.
At one point, MX planned to add 65 to 100 jobs at its Wilkes operation.
Story: http://www.journalpatriot.com
Related:
http://www.mxaircraft.com
http://www.airnav.com/airport/KUKF
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