(a) There is established an Airport Reserve for the development, expansion, maintenance, operation, protection, and perpetuation of the Kenai Municipal Airport. The boundaries of the Airport Reserve are established as shown on the map codified as 21.05.020.

(b) No city-owned land within the Airport Reserve shall be sold or otherwise conveyed out of City ownership for any purpose, except as provided in a lease executed by the City before the effective date of the ordinance codified in this section.