[Ord. No. 3164, 10-16-2017]
The construction, improvement, equipment, maintenance, and operation
of the Malden Regional Airport and the sale, leasing, or letting of
all real property or buildings owned by the City of Malden comprising
the Malden Regional Airport is vested in the City Council of the City
of Malden. The airport facilities shall be operated and maintained
in accordance with applicable rules and regulations of the Federal
Aviation Agency and any agreements in effect with the Federal Aviation
Agency as the representative of the United States of America.
[Ord. No. 3164, 10-16-2017]
The City Council may, from time to time, vest such duties for
the operation and/or maintenance of the Malden Regional Airport and
all real property adjacent thereto owned by the City of Malden in
such officers, employees, or board and under such standards and supervision
as the City Council deems suitable.
[Ord. No. 3164, 10-16-2017]
All revenues derived from the sale, leasing, letting, or operation
of properties, facilities, or services comprising the Malden Regional
Airport shall be paid to the City Treasurer and designated as the
"Airport Fund." Said funds shall only be disbursed for the operation,
maintenance, or development of the Malden Regional Airport pursuant
to applicable Federal Aviation Administration orders, policies, and
procedures. The City Treasurer shall provide the City Council with
a monthly report of receipts and disbursements, and an annual report
showing money received by the Board, the source from whom received
and a detailed itemized statement of all money expended, to whom paid,
and for what purposes.
