(A) No lease or contract for the use of a site or space at the airport for the construction, erection or installation by the lessee or user of any hangar, office space, store, restaurant, service establishment, warehouse, building or other facility shall be made covering any portion of the grounds of the airport for so long as existing facilities at the airport are available and suitable for the intended purposes of the lessee or user.
(B) Leases or contracts for the use and occupancy of a site or space for the construction, erection or installation of any facility not available at the airport, or to take the place of unsuitable existing facilities at the airport, shall be made and entered into upon application therefor in the manner and subject to the terms and conditions provided in this subchapter, with the following exceptions in the case of a lease or contract for a site or space for any building, structure or facility other than for tanks or other means of storing or dispensing fuel:
(1) The lease or contract shall be for a term not to exceed 15 years, as determined by the City Council on the basis of the area or space required, the location thereof, the type and nature of the building, structure or facility, the purpose and intended use thereof, the cost thereof and the rate of depreciation applicable thereto.
(2) The original cost of constructing, erecting or installing the building, structure or facility shall be prorated or amortized over the term of the lease or contract and as so prorated or amortized shall be in full satisfaction of all obligations of the lessee or user to pay any rental for and during the full term of the lease or contract, except the monthly money rentals that might be provided for in the lease or contract.
(3) Upon completion of the building, structure or facility, and upon expiration or termination of the lease or contract, the building, structure or facility shall be and become the property of the city.
(4) The lessee or user shall keep the building, structure or facility in good repair and in a safe, sanitary and attractive condition, during the entire term of the lease, and shall replace the same in the event it shall be destroyed by fire or other casualty during the term of the lease.
(5) The lessee or user may assign or sell the lease or contract to any person approved by the City Council.
(6) The lessee or user, his successors and assigns, shall have an option exercisable at any time within 30 days before the expiration of the original term, to renew the lease or contract for an additional term of not to exceed five years, to commence from the expiration of the original term, at the yearly or monthly rental then in effect for similar buildings, structures, or facilities used for like purposes at a comparable location at the airport and subject to the covenants and conditions then provided in similar leases or contracts.
(7) The lease or contract shall be subject to such other and additional terms, covenants and conditions as may be agreed to and incorporated in the lease or contract.
('68 Code, § 3-79) (Ord. passed 1-12-60)