Airport property may be leased by the City. Lease rates shall be based on the appraisal of airport property lease values that the City obtains every fifth year, but variations may be allowed based on specifics of a particular lease. Because airport property is intended to be leased, the City is not required to declare airport property surplus before leasing it. The City may, but is not required to, issue a request for proposals in connection with the lease of airport property. Leasing authority is established in BC 1.30.020. [Ord. NS-2207, 2013]