AIRPORT LEASES

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APPLICATION PROCESSING• Copy of application and development and use plans toFAA for review - FAA reviews for fuel facilities,lights,other furnishings for the rating• FAA prepares a report - conditions and requirementsbecome a condition of the lease• EA/Mineral Report, etc.

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APPLICATION PROCESSING• Publish NORA in the Federal Register and in thelocal newspaper (applicant pays) - 45 day commentperiod• Appraisal - Full FMV for individuals or corporations50% of FMV for States and politicalsubdivisionsMinimum for both $100 per year rental

Page 1 and 2: AIRPORT LEASES
Page 6 and 7: LEASE• Signed by applicant and AO
Page 8 and 9: COMPLIANCE• FMV rental is reviewe

AIRPORT LEASES

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