Go To Search
How Do I?
Click to Home
Feature Links
Citizen Tools
Lease Information & Guidelines
Standard Lease
  • Term: 20 years, up to two 5 year option extensions permitted
  • Lease rate at the market rate of approximately 8% of estimated land value, standard CPI clause with 8% maximum per year
  • Standard lease can be negotiated by city staff and brought forward to the full City Council
  • May grant up to three months free start-up rent
  • Add sublease clause drafted by the city attorney
  • The city reserves the right to re-negotiate lease terms upon transfer of property
  • Must comply with all FAA requirements and city codes

Special Lease
  • Term: 30 years with flexibility to go to 50 years
  • Requires high employment (30 or more employees) or significant sales tax revenues
  • Requires City Council committee and city executive management involvement during negotiations
  • Lease rate at market rate or approximately 8% of appraised value for industrial properties, may go as low as 5%
  • CPI clause may be negotiated down to limit of 2% per year
  • May grant up to 6 months free start-up rent
  • Fixed base operators and aviation related businesses may also qualify for consideration.
  • Add sublease clause drafted by city attorney
  • The city reserves the right to re-negotiate lease terms upon transfer of property
  • Must comply with all FAA requirements and city codes