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Appraisals. Land Acquisition and Leases. Land Acquisition/Land Swap. Start with the appraised value Gift of public funds if lower value is used May be consequences if a higher value is used. Leases. Periodic check of rates in individual leases With any lease option trigger
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Appraisals Land Acquisition and Leases
Land Acquisition/Land Swap • Start with the appraised value • Gift of public funds if lower value is used • May be consequences if a higher value is used
Leases • Periodic check of rates in individual leases • With any lease option trigger • A reality check for periodic CPI rate increases
Leases Cont’d • Beginning rate establishment for individual lease negotiations • Airport –wide (aviation & non-aviation) rate structure
Leases • Airport-wide • Dilemma: how to adjust among existing leases • Helps to ensure grant assurance compliance • Could be used to establish base line for future leases
Leases • Retainer for appraisal services • Retainer for land surveying services • Scope is general—talk to the FAA if land acq. is AIP