Ariz. Admin. Code § 17-2-204

Current through Register Vol. 30, No. 50, December 13, 2024

Section R17-2-204 - Airport Ground Leases

A. The Division may enter into leases of airport property for the operation of businesses that foster the development of the airport.

B. All leases of airport property, other than the existing or any future public use terminal facility, shall be based on a competitive sealed proposal process as specified in A.R.S. § 41-2534. At 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

Ariz. Admin. Code § R17-2-204

Adopted effective May 2, 1990 (Supp. 90-2). Amended by final rulemaking at 12 A.A.R. 4437, effective January 6, 2007 (Supp. 06-4).