SALISBURY — Rowan County Commissioners on Monday will have a public hearing before considering approval of a $2.4 million loan to pay for a new airport hangar.

At an estimated 15,000 square feet, the hangar would be the second “corporate hangar” at the Rowan County Airport. The $2.4 million hangar would include a small office space and hold the kinds of multi-million-dollar jets Rowan County leaders hope to bring to the airport. After recruiting a company that charters flights to relocate to Rowan, commissioners quickly filled up the current corporate hangar. Commissioners have said demand for airport space exceeds capacity, and the new hangar would quickly be filled.

Rowan County officials have opted for a loan as the method to pay for a new airport hangar. Multiple commissioners have said bringing in new airplanes would quickly pay for the cost of the hangar.

During Monday’s meeting, commissioners will consider three loan proposals. Bank of North Carolina, Yadkin Bank and Government Capital Corporation submitted proposals. Yadkin Bank submitted loan proposals with the lowest interest rates over 5- and 10-year terms.

County staff has recommended commissioner approve Yadkin Bank’s 3.4 percent interest rate over 10 years, which would add a few hundred thousand dollars to the total cost of the loan.

Bank of North Carolina didn’t submit an interest rate for a 10-year term and Government Capital Corporation’s rate for 10 years was 5.274 percent.

If approved by commissioners, the loan would advance to the Local Government Commission — a financial regulatory agency — for final approval.

Rowan County commissioners have already picked engineering firm Talbert, Bright and Ellington to oversee construction of the new hangar.

In other business from Monday’s county commissioners agenda:

• Commissioners are scheduled to consider the sale of a lot in Speedway Business Park.

EGV Associates LLC and Amrep Inc, both based in California, have offered Rowan County $105,000 for a tract of land that measures 10.68 acres. It’s slightly less than the tax value of the land, which is $114,838.

A letter from the companies to Rowan Works Economic Development Director Robert Van Geons says a 25,000-square-foot building would be built on the property. The facility would employ about 20 employees, according to the letter.

Monday’s agenda doesn’t show any tax incentives associated with the land sale.

On its website, Amrep says it’s a family-owned business that employs more than 140 people. It makes “refuse hauling equipment.” EGV Associates doesn’t appear to have a website, but has an identical address to Amrep, according to the California Secretary of State’s records.

Speedway Business Park is traditionally thought of as a spot for companies in the automotive industry.

• Commissioners are scheduled to declare three county owned building surplus property and schedule an auction for June 23.

The properties include a former Department of Social Services Building at 1236 West Innes Street in Salisbury, a former mental health and Department of Social Services building at 165 Mahaley Avenue in Salisbury and a house at 418 South Carolina Avenue in Spencer.

Auctions for the three properties would start at noon on June 23 and be individually spaced out by one hour.

Commissioners for years have tried to sell the properties, but haven’t had much luck.

• Commissioners will consider leasing space in West End Plaza to the Rowan County History Museum at a cost of $1 per year.

The history museum would lease about 5,300 square feet for five years. The history museum’s location would be near Badcock Furniture and a future space designated for the Rowan County Board of Elections.

• Commissioners will approve a $3,000 grant from State Farm.

The grant is for the Rowan County Sheriff’s Office. It will be used to help send school resource officers to a national safety conference in July

Contact reporter Josh Bergeron at 704-797-4246.