1. A. The Department may enter into leases of airport property.

2. B. All leases of airport property, other than the existing or any future public use facility, shall be based on a competitive sealed proposal process as specified in A.R.S. § 41-2534. At a 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. 1. Food and beverage - 5%
   2. 2. Rental of personal property - 10%
   3. 3. Retail sales of merchandise - 10%
   4. 4. Other - As negotiated.

Historical Note

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). Amended by final rulemaking at 31 A.A.R. 4090 (October 24, 2025), effective December 9, 2025 (Supp. 25-4).