The Cleveland Municipal Airport Authority has reached an agreement with property owners for a proposed new airport site, authority Chairwoman Lynn De Vault told City Council members Monday.
The city will lend the authority up to $150,000 to take options on the property now. The money will be repaid from construction grants.
Last week the authority submitted plans for the Tasso Road airport to the state aeronautics board. State funding could come in fiscal year 2007.
City Manager Joe Cate recommended the loan but said if the plans aren't approved, the authority may not be able to repay the loan.
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