R17-2-204. Airport Ground Leases

A. The Department may enter into leases of airport property. B. All leases of airport property, other than the existing or any future public use facility, shall be based on a competitive sealed proposal process as specified in A.R.S. § 41-2534. At a minimum, leases shall be based on a price per square foot of property as valued through an appraisal of that property. In addition, leases shall contain provisions for not less than the percentage in the following schedule: 1. Food and beverage - 5% 2. Rental of personal property - 10% 3. Retail sales of merchandise - 10% 4. Other - As negotiated.