notify the applicant, in writing, of the reasons for the determination. (iv) Term of years The standard term of the grant of a real property interest under subparagraph (A) shall be 25 years with allowances for reexamination of the fee schedule at the end of each 5-year period within the 25-year period. (v) Renewal The grant of a real property interest shall enjoy an expectancy of renewal of the real property interest upon the expiration of the term described in clause (iv). (C) Fees (i) Standard fee (I) In general Notwithstanding any other provision of law, the Administrator, in consultation with the head of each covered agency, shall establish a standard fee schedule for the grant of a real property interest under subparagraph (A) based on direct cost recovery. (II) Initial fee (aa) Amount of fee The initial amount of the standard fee established under subclause (I) shall be equal to the average fee charged by the Federal Government for the grant of a real property interest for the placement of a communications facility installation during the most recent 3-year period. (bb) Publication of proposed fee Not later than 90 days after the date of enactment of the Streamlining and Investing in Broadband Infrastructure Act , the Administrator shall publish a notice in the Federal Register that— (AA) proposes an initial amount of the standard fee under subclause (I)