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  1. Wannabe

    State (VT) owned hangar ground leases doubled overnight. What's up with that?

    Your experience sounds to be identical. Thanks for your input. And it is that “host of reasons” that motivates us, not the money! We’ve asked our question to about half a dozen attorneys, including an AOPA panel attorney, and they’ve always given us input that we were 100% correct. That’s not...
  2. Wannabe

    State (VT) owned hangar ground leases doubled overnight. What's up with that?

    Ahh, yes, the venerable AMU. I know what you mean! My approach was to get another airplane to help assuage my grief and fill my hangar life with more enjoyment.
  3. Wannabe

    State (VT) owned hangar ground leases doubled overnight. What's up with that?

    Because it was a purchase, the State had the opportunity to “reform” the lease in any way they saw fit. It was issued as a new, 20-year lease.
  4. Wannabe

    State (VT) owned hangar ground leases doubled overnight. What's up with that?

    The Board has yet to decide on that date. The contractual issue is so straightforward and simple, there's a reasonable chance this will be decided in summary judgement in the May 2023 timeframe. Then, we as reasonable Vermonters, may agree to a more reasonable method for the State to achieve its...
  5. Wannabe

    State (VT) owned hangar ground leases doubled overnight. What's up with that?

    Back to the original post..."This simple, contractual issue has been contested since the decree was promulgated in July 2019." Indeed, the wheels of justice turn very slowly. Furthermore, we'd just negotiated the lease, and bought the hangar prior to the increase. The State had ample...
  6. Wannabe

    State (VT) owned hangar ground leases doubled overnight. What's up with that?

    Indeed these lease agreements DO allow periodic and bounded increases during the life of the lease. No question about that at all. This issue is all about that the increase of July 2019 was outside of those bounds… by a huge, wide margin. So, this issue is, at the lowest level, simply about...
  7. Wannabe

    State (VT) owned hangar ground leases doubled overnight. What's up with that?

    And that, my friend, is exactly why the Board will hear and decide this issue. Thanks again for your perspective.
  8. Wannabe

    State (VT) owned hangar ground leases doubled overnight. What's up with that?

    And I agree with you, that posting here may appear to be venting. However it has already yielded a few contacts in the State that I did not know, and who may join the many hangar owners in the appeal before the Board. The “big win” for us pilots in VT is the long game to encourage the state to...
  9. Wannabe

    State (VT) owned hangar ground leases doubled overnight. What's up with that?

    Thank you. Fortunately, I am not looking for sympathy, but I am looking for the State to follow the one-sided rules that they wrote! As you surmised, this is not about how much we’re paying, but it is about following the “rules” of the contracts / leases. Clearly, the State can do whatever they...
  10. Wannabe

    State (VT) owned hangar ground leases doubled overnight. What's up with that?

    The lease that is the explicit subject of this thread is only for the LAND under the hangar. The “ground lease”. The hangar cost is quite a separate matter. So, we MAY not be comparing apples to apples in this case.
  11. Wannabe

    State (VT) owned hangar ground leases doubled overnight. What's up with that?

    Or in this case, at this airport in VT, the State of VT.
  12. Wannabe

    State (VT) owned hangar ground leases doubled overnight. What's up with that?

    Can I assume that you’re paying that $0.21/sq. ft. / month for your 1500sq.ft. hangar? That sounds like a good price, as it includes the hangar AND the land underneath it. In my case, I’m talking about just the lease for the LAND under the hangar. The hangar cost is quite a separate matter. So...
  13. Wannabe

    State (VT) owned hangar ground leases doubled overnight. What's up with that?

    That’s an interesting data point. One would expect that in the poorest corner of a tiny, rural, state like Vermont, the rate here would be less than that of a booming, cosmopolitan, market like anywhere near SFO. Thank you for your input.
  14. Wannabe

    State (VT) owned hangar ground leases doubled overnight. What's up with that?

    Your points are well taken and appreciated. However in the context of what the lease actually says and allows about the amount and manner of the increases, the increase imposed in July 2019 is not allowed and in keeping with the lease terms. That is the ONLY issue before the Board. Not how does...
  15. Wannabe

    State (VT) owned hangar ground leases doubled overnight. What's up with that?

    Not sure about the specifics of your airport/county/state, however the throttle that controls much of the abuse of use of these airport resources comes from the federal regulations and “guidance” that accompanies the federal money that often is used to enhance and develop our airports. It is...
  16. Wannabe

    State (VT) owned hangar ground leases doubled overnight. What's up with that?

    The lease went from $0.12/sq. ft. / year -> $0.25/sq. ft. / year. Some other hangar owners had even larger % increases. In addition, one must note that the local taxes, state taxes, and mandatory “named insured” liability insurance all increased, too.
  17. Wannabe

    State (VT) owned hangar ground leases doubled overnight. What's up with that?

    That is fair, when a hangar changes hands at a sale and a new lease is written, the State may re-state or re-write the lease any way they like. That happened, and THEN, less than two years, without a sale or other event to allow it, the State increased that same lease by 108% in violation of the...
  18. Wannabe

    State (VT) owned hangar ground leases doubled overnight. What's up with that?

    This issue is now, finally, on the docket to be heard by the board that oversees this state agency, the Transportation Board. To get to this point, we have been in two courts and utilized both private and AOPA panel attorneys. As reasonable Vermonters, we’d much prefer to settle this reasonably...
  19. Wannabe

    State (VT) owned hangar ground leases doubled overnight. What's up with that?

    Imagine this scenario. You finally scrimp and save enough to buy an airplane. You’ve even convinced your family what a great idea this will be. Now that you have a plane, of course you want a place to keep it, say, a hangar, at the nearest airfield. ‘Lo and behold, there’s a hangar for sale! You...
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