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(a) A request from an existing lessee for a lease amendment, extension or renewal of the lease must be submitted to the City on an application form provided by the City. Applications must be complete and dated on receipt and payment of the nonrefundable application fee as set forth in the City’s schedule of fees adopted by the City Council.

(b) An application for an amendment must include the following information:

(1) The purpose of the proposed amendment;

(2) The proposed change in use or activity; and

(3) A comprehensive description of the proposed business, if applicable.

(c) An application for a lease extension must include the following information:

(1) The use, nature, type and estimated cost of additional improvements to be constructed;

(2) The dates new construction is estimated to commence and be completed (ordinarily a maximum of two (2) years).

(d) An application for a lease renewal must include the following information:

(1) For a lease renewal of an existing lease:

(i) The use, nature, type and estimated cost of additional improvements to be constructed;

(ii) The dates new construction is estimated to commence and be completed (ordinarily a maximum of two (2) years).

(2) For a lease renewal of an expiring lease:

(i) A professional estimate of the remaining useful life of the principal improvement on the property, paid for by the applicant; or

(ii) A market value appraisal of the principal improvement on the property, paid for by the applicant; or

(iii) The purchase price of improvements, as certified by the current lessee and the proposed purchaser, to be in the bill of sale, to be executed at closing of the transaction; and

(iv) The use, nature, type and estimated cost of additional improvements to be constructed, if applicable.

(v) The dates new construction is estimated to commence and be completed (ordinarily a maximum of two (2) years) if applicable.

(e) Applications for amendment, extension or renewal shall be processed in accordance with the lease application review provisions of this chapter. The City has no obligation to amend, renew or extend a lease and may decline to do so upon making specific findings as to why a lease renewal, extension, or amendment is not in the best interest of the City.

(Repealed and Reenacted Ord. 2998-2018)