3. Future rental rate increases shall be the lesser of actual CPI or 3%, and shall be effective at the

City Commission Meeting · 2026-04-13 · agenda_item

The City of Leesburg is considering a resolution to approve a new form lease for individual storage T-Hangars and individual storage Box-Hangars at the Leesburg International Airport. This item is currently under review by the City Commission. If approved, the resolution will establish future rental rate increases, which will be the lesser of actual CPI or 3%, effective at the beginning of each fiscal year on October 1st. This action will set the framework for future leasing agreements at the airport. Local businesses involved in airport operations, property management, and legal services may find opportunities related to the implementation and management of these new lease forms. Early engagement with city staff could provide insight into the process.