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LIVERMORE LEASING PRACTICES A non-refundable application fee shall be submitted with the Application, as stipulated in the Airport's Rents and Fees Schedule. 2.3. Approval Process Once Applicant has submitted a completed Application to lease Airport land and/or Improvements on a long-term basis, Applicant shall submit any additional information, data, and/or documentation that may be required or requested by the IDSRT or City to evaluate the Application. Incomplete Applications will not be accepted. Applications that do not comply with this Policy shall be rejected in accordance with Section 2.9.The City will convey the reason(s)for rejecting the Application in writing to the Applicant. 2.4. Approved Application Processing Within ninety(90)calendar days of the Airport Manager receiving a completed Application,the following processes should be completed: ➢ The IDSRT shall conduct an initial review to ensure the Application is compliant with the qualifications, standards, and requirements established by the City including the Minimum Standards and Airport Rules and Regulations, located at: https://www.l ivermoreca.gov/home/showpubl i sheddocument/5677/637238462369030000 ➢ If initially approved by the IDSRT, the Application shall be presented to the Airport Commission for review and consideration.The Airport Commission may either: o recommend rejection of the proposal in accordance with Section 2.9 or o recommend that the City Council approve the proposal and authorize the City Manager to negotiate and execute an MOU. ➢ Unless the Application is rejected in accordance with Section 2.9,the City shall convey to the Applicant the key terms and conditions(including rents,fees,and other charges)that have been established by the City for leasing the Airport land and/or Improvements identified by the Applicant. Within thirty (30)calendar days of receiving the key terms and conditions from the Airport Manager, the Applicant shall indicate if the key terms and conditions established by the City are acceptable to the Applicant. ➢ If the key terms and conditions established by the City are not acceptable to the Applicant,the Applicant shall present to the IDSRT, through the Airport Manager revised key terms and conditions that are acceptable to the Applicant within thirty(30)calendar days of receiving the information from the City. ➢ The City, through the IDSRT, may negotiate the revised key terms and conditions with the Applicant and/or initiate the Competitive Proposal Process described in Section 2.1. ➢ If the City and the Applicant are unable to reach agreement on the revised key terms and conditions within thirty(30)calendar days of the time the information is presented to the City by the Applicant, the City is not obligated to lease Airport land and/or Improvements to the Applicant and may cease further negotiations. Public Engagement Plan and Memorandum of Understanding - If the City and the Applicant reach agreement on key terms and conditions, the Applicant shall: (a) sign a Memorandum of Understanding (MOU)with the City outlining the key terms and conditions,and(b)pay an earnest money deposit in cash or letter of credit to the City in the amount equivalent to the rents, fees, and other charges (total compensation)estimated for the proposed use of the property or one thousand dollars($1,000),whichever Leasing and Development Policy 9 City of Livermore, Livermore Municipal Airport