Ariz. Admin. Code § 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
Notes
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