The Walnut Ridge Airport Commission voted to accept a $10,000 bid from Greenway Oil and Gas Company in Newport for two fuel tanks that the airport is no longer using after completion of its new fuel farm.
The commission advertised the tanks for sale and opened bids at Monday night’s meeting. Greenway Oil and Gas was the high bid.
The commission also voted to renew its farm lease with Ronald Cavenaugh. The five-year lease will be for approximately 985 acres at $115.20 an acre and all the rent will be paid up front each year.
Commissioners also voted to move forward with preliminary work to establish a lease with Williams Baptist University for approximately five acres of land to be used for solar panels.
The commission requested WBU pay for a survey of the land, and FAA approval will also be necessary. If approved, Williams would pay the same amount for the land as the airport is receiving through its farm lease.
Commission chair Don Cavenaugh said he expects both the farm lease and the WBU lease, if approved, will be signed in December.
Commissioners also voted to have two buildings, one located on Fulbright and one located on Frolic, appraised to determine if the commission would be better served to sell the buildings or continue to try to lease them.
“If we could sell them, we could put the money into the restaurant and hangars that we know we can make money on,” Cavenaugh said.
In other business:
it was announced that 1.43 acres on Fulbright that has been zoned for retail has been listed for sale for $150,000.
Airport Manager Stacy Hoggard said she has requested City Attorney Ethan Weeks to come to a commission meeting to give an update on some ongoing collection issues.
Hoggard reported she is working with attorney Kimberly Dale of Paragould with Branch, Thompson, Warmath and Dale on a lease held by Scott Fetzer. The building has changed lessees without authorization from the commission. She said Dale has experience in this kind of law.
commissioners were updated by Hoggard about the Wings of Honor Museum’s plans regarding a visit by a B-17 bomber Oct. 19 and 20. Tours and rides will be available for a fee.