19-Dec-2011 Source: HeliHub.com
Canmore Council has approved a new 10-year lease on the heliport with Alpine Helicopters, the current tenant.Â Originally presented as a 25-year lease, the Council decided that planning ahead 10 years was sufficient and offered that term to Alpine with very few other changes of terms.
The lease establishes a heliport monitoring committee and a new schedule of conduct has been created to define Alpineâ€™s reponsibilities in three particular areas and specifies flight paths.
Alpine has been paying Can$84,245 a year in rent for the last ten years.Â A professional appraisal indicated the rent should be $126,500, an increase of just over 50%.Â Following a series of negotiations, the agreed new rent (based on a 30.5% consumer price index increase since 1999) will be $109,940 plus annual increases based on inflation.
William P Johnson – HeliHub.com Washington correspondent