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aircraft sales, whichever is greater on a monthly basis. One quarter of one percent <br />(0.25%) for aircraft sales. <br />b. Concession Fee 2 (Fuel Flowage sales): Fees, if applicable, will be charged at a rate <br />of $0.05 per gallon of fuel pumped, whether for sale or not, said rate to be adjusted <br />periodically based on current market values, with the approval of the City Manager. <br />B. Land Rent and Concession Fees for Specialized Aeronautical Service Operators (SASOs): <br />Rental rates for leasehold interest in real property (subject to adjustment as provided in Section 3(H)), <br />and, if applicable, concession fee(s) for the privilege of doing business at the Airport, for aviation -related <br />uses, which are not defined as "Fixed Base Ope--ators" in the Airport's Minimum Standards shall be as <br />follows: <br />1. Standard Land Rental Rate (Aviation Development Land): <br />a. Land Rental Rate: Rates per square foot per year will be determined based upon <br />current market values; plus, <br />b. Easement and/or Restricted -Use Land Rental Rate: One-half (1/2) of land rental rate <br />determined in Section 3(B)1(a) above. <br />2. Concession Fees: <br />a. Concession Fee 1 (Gross Receipts): Percentage fees (if applicable) will be <br />determined based on cu -rent market values or at minimum of two percent (2%) of <br />gross receipts, excluding aircraft sales, whichever is greater, on a monthly basis. <br />One quarter of one percent (0.25%) for aircraft sales. <br />b. Concession Fee 2 (Fue_ Flowage usage): Fees (if applicable) will be charged at a <br />rate of $0.05 per gallon of fuel pumped, whether for sale or not, said rate to be <br />adjusted periodically based on current market values, with approval of the City <br />Page 6of11 <br />NAPROPERTY b1GM015 Updated Does12015 Updated ResolutionsU 50824 Airport Leasing Policy replacing Resolution 2007-18 EM.docx <br />134 <br />