The Guthrie Industrial Development Authority met prior to the Guthrie City Council meeting and agreed to an extension of infrastructure at the Guthrie-Edmond Regional Airport.
With the approval of the GIDA, the Edmond Economic Development Authority (EEDA) to issue a loan to pay for the extension of infrastructure at the airport which will allow for more corporate hanger development. The concept was discussed and approved by the City Council in a November 2011 meeting.
According to City Manager Matt Mueller, the financing option will not hold any risk for the City of Guthrie as the pay back to EEDA will be based on revenues generated from the hangar development in the improved area.
The note is not to exceed $185,000 and waiving competitive bidding on the sale to go along with the execution of the security agreement with said authority pertaining to the use of hook ups pertaining to the water and sewer at the airport.
The trustee’s voted 5-1 to approve the item. Sheri Mueller casted the lone no vote as she showed concern with the expansion with the current litigation between the City of Guthrie and Rural Water District #1. The two have been in the courts battling over water boundaries.
The airport is home to over 100 aircraft, and handles over an estimated 30,000 operations per year. These operations include aircraft testing and inspection, corporate flights, flight instruction, and pleasure flying.