Standard Lease Procedure For Commercial Sites
Standard Lease Arrangements
- Term = 20 years, up to two, 5 year option extensions permitted.
- Standard CPI clause with 8% maximum per year.
- Standard lease can be negotiated by City staff and approved by the City Council.
- Must comply with all FAA requirements and City municipal codes.
Special Lease Arrangements
- Term = 20 years with flexibility to go to 50 years.
- Requires high employment (30+employees) or significant sales tax revenues to City.
- Fixed base operators and aviation related businesses, may also qualify for special consideration.
- Must comply with all FAA requirements and City municipal codes.
