HomeMy WebLinkAboutFAA_-_Land_Release_Parcel_F_-_11.17.25Docusign Envelope ID: 05D585E8-8EDA-4802-A8A3-5749EAF8E48C
U.S. Department
of Transportation
Federal Aviation
Administration
October 27, 2025
Mr. Steven Kjergaard
Director of Aviation
Waterloo Regional Airport
2790 Livingston Lane
Waterloo, IA 50703
Release of Federal Property Obligations
Parcel F, 89.16 acres
Dear Mr. Kjergaard:
This is in response to your letter dated August 11, 2025, requesting that 89.16 acres of
federally obligated land be released from conditions established through a Section 303 Civil
Aeronautics Act transfer on May 21, 1944. This property was transferred to the City of
Waterloo under the authority of 49 U.S.C. §47151.
A release permitting the sale and disposal of real property transferred to the airport owner
under 49 U.S.C. §47151 is only granted when it is clearly shown such property is no longer
needed to directly support an airport purpose or activity and sale of such property will
benefit civil aviation by producing an equal or greater benefit to the airport than continued
retention of the land. Conversion of a real property asset into another form of asset, such as
cash or physical improvements, can better serve the airport. This objective is not met unless
an amount equal to the net sale proceeds based on the current fair market value (FMV) of
the property is realized as a consequence of the release and such amount is committed to
airport purposes.
Under 49 U.S.C. §§47153(c), FAA is required to provide at least a 30-day notice to the
public regarding the requested release. The required notice was published in the Federal
Register on September 24, 2025.
We have concluded that this property, as legally described in the enclosed Deed of Release,
meets the conditions mentioned previously for release. We have also concluded that the
release and use of such land for constructing a railroad spur will not interfere with the
operation, maintenance or future development of the airport.
By accepting this release, the Airport Owner agrees to:
1. Deposit, immediately after the sale, the net sale proceeds based on its current FMV or
an equivalent amount, into an identifiable interest -bearing account currently paying the
Docusign Envelope ID: 05D585E8-8EDA-4802-A8A3-5749EAF8E48C
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highest interest rate. The proceeds should remain in this account until utilized in
accordance with FAA Order 5190.6B, Chapter22.
2. Expend, within five (5) years after the Deed of Release execution date, the sum of
$2,675,000 plus accumulated interest, into aeronautical development projects currently
included in the Capital Improvement Plan (CIP).
3. Maintain accurate records of the above -listed expenditures in accordance with accepted
business practices, and for three (3) years after the approved project is completed, keep
the records open for inspection by the FAA at any time.
4. Ensure that whoever the land is initially and subsequently conveyed to including the
airport owner, they and their successors and assigns protect the rights and interests of
the public in Waterloo Regional Airport and prevent any use of subject property that
would constitute an airport hazard.
5. Update the Airport Layout Plan and Exhibit "A" Property Map upon acceptance of the
release to reflect the new airport boundaries.
6. Ensure that they and their successors and assigns retain, for the use and benefit of the
public, the right of flight for the passage of aircraft in the airspace above the surface of
the subject property, the right for existing and future aircraft to generate noise in that
airspace, and the right to use the airspace to land on or take off from the airport.
7. Ensure that they and their successors and assigns shall not permit/afford access from
the subject property onto Waterloo Regional Airport property for aeronautical
purposes.
8. Ensure that if the property is used or converted to a non -aeronautical, municipal use, an
amount equal to the fair market value will be deposited into an identifiable interest -
bearing account prior to disposal for municipal use. The proceeds should remain in
this account until utilized in accordance with FAA Order 5190.6B.
Please indicate your acceptance of these conditions by signing and completing the bottom
portion of this letter. Scan and return this letter along with a copy of the fully signed Deed
of Release (enclosed) once it is recorded in the local County Recorder's office.
Sincerely,
Rodney N. Jo
Director Office of Airports Central Region
Enclosure
Docusign Envelope ID: 05D585E8-8EDA-4802-A8A3-5749EAF8E48C
Accepted for Airport Owner
CITY OF WATERLOO
By:
Title:
Date:
DocuSigned by:
uos25ui8AAc8449...
Mayor
11/17/2025
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