When a person, corporation or other entity desires to enter into a lease with the city for land on the airport, the person must contact the director and make the request known. The city shall negotiate with the interested party to arrive at lease provisions and costs which reflect fair market values and include provisions to increase lease amounts in future years based on appropriate economic factors. Prior to entering into any lease for property at the airport, the prospective lessee must present to the city satisfactory evidence that it meets the minimum standards established herein for engaging in business at the airport.
(Prior code § 22-10-6)