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09/20/05 RobertsonCity of Kalispell Post Office Box 1997 - Kalispell, Montana 59903-1997 - Telephone (406)758-7700 Fax (406)758-7758 Date: September 20, 2005 TO: John Craig MMIA From: Amy Robertson Finance Director Please find attached a map of the Red Eagle Property which we purchased yesterday fo� $760,000. The property includes several buildings which we need to insure. The buildings are pole/metal buildings. The airport manager has indicated the replacement cost and square footage of each building. Eventually, when the airport realignment happens the buildings will be demolished. For now, they are being leased back to Red Eagle Aviation. I've included a copy of the lease. The realignment won't happen until the radio towers are removed — they are in litigation — could be a while. Fred Leistiko is our Airport Manager. He will be talking with Robin Boon at Western States regarding the fuel tanks and the policy we have for airport liability. Call me if you have any questions. 758-7755. CC: Fred Leistiko