A general description of the scope of professional services required is, but not limited to the following: Determine the Fair Market Rental Value of the rental properties by comparing the Palmer Municipal Airport to similar aviation properties serving the same functions throughout the state. These are some of the key factors that should be used, but are not limited, to identify comparable properties/airports for use in this comparison: a. Size of the metropolitan area and population b. Location of the airport c. Airport classification, size, and function. (Should be limited to General Aviation only) d. Number of operations and other activity statistics e. Number of based aircraft f. Local property values g. Other factors necessary to provide an accurate appraisal 3.3. Minimum Standards for Airport Appraisals
