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Airport Advisory Board Recommendation - hangars up to 5,000 square feet, twenty-five (25) year terms; greater than 5,000 square feet up to 20,000 square feet, thirty (30) year terms; over 20,000 square feet, negotiable. APPROVED B Y CITY COUNCIL City Council should consider what arrangements should be adopted for inclusion in the future policy with regard to the duration of the lease. 2. Options. Current Policy - provides for two (2) ten (10) year options at expiration of the minimum primary term; two (2) fifteen (15) year options at the expiration of the maximum primary term. b. Survey - options were not encountered in a significant number of the cities surveyed. Board Recommendation - the Board recommended there be no options in new lease agreements. However, the Board did recommend that, at the end of the initial term, the City would seek competitive bids for the next primary term of the hangar, and based on those bids, the tenant who had originally built the hangar and was then in the hangar would have the opportunity to exercise, within thirty (30) days, a right of first refusal. APPROVED B Y CITY COUNCIL The City Council needs to determine whether or not options should be continued to be offered as part of the lease term. 3. Should plans for the hangar go through the City's typical building plan review process? a. Current Policy - is silent on this issue. Survey - they were not included in the survey per se, generally the information indicated that all such hangars had to comply with the specific standards applicable to them in each respective building code. Board Recommendation - the Board recommended that all hangars goes though the City's building plan review, including permits and fees. The Board also recommended standards specific to hangars be developed. APPROVED B Y CITY COUNCIL -4-