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Appraisals

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

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  1. Appraisals Land Acquisition and Leases

  2. 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

  3. Leases • Periodic check of rates in individual leases • With any lease option trigger • A reality check for periodic CPI rate increases

  4. Leases Cont’d • Beginning rate establishment for individual lease negotiations • Airport –wide (aviation & non-aviation) rate structure

  5. 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

  6. Leases • Retainer for appraisal services • Retainer for land surveying services • Scope is general—talk to the FAA if land acq. is AIP

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