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42 Guidebook for Developing and Leasing Airport Property Rules and Regulations documents provide for the safe, orderly, and efficient operation of the airport. ACRP Report 16: Guidebook for Managing Small Airports, provides the following list of topics that should be addressed by an airport Rules and Regulations document: Aircraft rules, Personal conduct, Animals, Smoking, Waste containers and disposal, Storage, Pedestrians, Vehicle operations, Fueling safety, On-airport traffic rules, Environmental restrictions, Airport residences, Hangar construction standards, and Fire safety. 3.4 Leasing Policy Airports should develop a Standard Leasing Policies document and draft contract language. Spe- cific leasing policies will vary from airport to airport depending on factors such as local and state regulations and land uses. Leases typically vary depending on the tenant and the negotiation, but thinking through a policy and committing the policy to writing will assist the airport in moving quietly through a development process. Though these docu- ments are not directly included within the lease document, they will govern much of what the lease agreement will and If a proposed project has an economic develop- will not permit, provide guidance on lease rates, and stipulate ment component, the number of project stake- the general use, appearance, maintenance, and scale of any holders the airport sponsor must partner with, and leasehold improvements. the complexity of the arrangement, can grow rap- The policy established by the airport sponsor should pro- idly. When the Collin County Regional Airport tar- vide guidelines to be used to establish lease rates and conven- geted the EDS/Hewlett Packard (HP) corporate tions applicable to individual tenants in a uniform manner, hangar complex for relocation to its airport, it understanding that market rates are established at a point in relied on the assistance of many community stake- time and that establishing rates can be somewhat subjective. holders. An eventual agreement was achieved Subjectivity can be reduced by identifying comparables of through a complex arrangement between Collin similar development type in the market, and considering the County Regional Airport, the City of McKinney, local, regional, national, and global economies of the time. EDS/HP, the McKinney Economic Development Corporation (MEDC), and Collin County Regional Investments (CCRI). The airport leases the land to CCRI, who developed the hangar complex. The 3.5 Stakeholder Coordination facility is in turn subleased to EDS/HP. MEDC pro- There are typically multiple stakeholders involved in an vides a rent subsidy directly to EDS/HP, based upon airport lease agreement, beyond the principal parties of the the estimated minimum tax impact of the facility, lessor and the lessee. In order to achieve alignment with the and the City of McKinney provided a grant to local community, the development goals of the airport and accommodate a required storm water detention the community must be understood and advocated by all facility on the leased land. parties in order to ensure that all interests are met by poten- tial development and lease agreements. Stakeholders, with