A. Commercial aircraft operators who are new entrants at Phoenix Sky Harbor International Airport shall, prior to commencement of its services, post financial security with the City of Phoenix Aviation Department in an amount equal to the City of Phoenix Aviation Department’s estimate of three months of operating fees or a minimum of $10,000.00. The financial security shall be in the form specified by the City of Phoenix Aviation Department. This financial security may be returned at the discretion of the Aviation Director to the new entrant commercial aircraft operator after it has established a record of payment satisfactory to the Aviation Director for a period of 12 successive months.

B. Commercial aircraft operators who are incumbents at Phoenix Sky Harbor International Airport and have, at any time within the period of 12 successive months most recently ended, failed to establish a record of payment satisfactory to the Aviation Director shall post financial security with the City of Phoenix Aviation Department in an amount equal to the City of Phoenix Aviation Department’s estimate of three months of operating fees or a minimum of $10,000.00, 30 days after receiving written notice from the Aviation Director. The financial security shall be in the form specified by the City of Phoenix Aviation Department. This financial security may be returned at the discretion of the Aviation Director to the incumbent commercial aircraft operator after it has established a record of payment satisfactory to the Aviation Director for a period of 12 successive months.

C. New entrant means a commercial aircraft operator that has not conducted business at Phoenix Sky Harbor International Airport within the last 12 months.

D. Incumbent means a commercial aircraft operator that has conducted business at Phoenix Sky Harbor International Airport within the last 12 months. (Ord. No. G-4116, § 2, 1998; Ord. No. G-4866, § 2, 2007; Ord. No. G-5433, § 1, 2009; Ord. No. G-6394, 2017)