HomeMy WebLinkAbout2001-05-03 - Agendas - Final • AIRPORT BOARD MEETING
1 :30 p.m.
May 3, 2001
Airport Conference Room
Fayetteville Municipal Airport-Drake Field
4500 S. School Avenue
1 . Call to Order.
2. Minutes of the April 5, 2001 meeting.
3. Old Business.
a. Drainage East Side Report and Request for Action.
b. Conceptual Land Use Plan. Presentation by Mark McFarland and Chris Monroe
• of Barnard Dunkleberg, and Company.
4. New Business.
a. DHL Worldwide Express Lease.
b. Tower.
C. CIP submittal.
d. Signage to Airport, discussion / Dave Bowman.
5 . Other Business.
a. Marketing report.
b. Grant received from State Aeronautics Commission.
C. Copy of letter to Kenneth Schossow regarding hangar repairs.
6. Adjourn.
FAYETTEVILLE
The City of Fayetteville, Arkansas
Dan Coody, Mayor
4500 S. School Ave., Suite A
Fayetteville, AR 72701
501.575.8301
al ittle@el.fayettevi lle.a r.us
Economic Development Dept.
Airport Management
Aleft S. Little, Director
TO: Airport Board Members
FROM: Aleft Little, Airport Manager
DATE: May 1 , 2001
SUBJECT: T-Hangars — E, F, & G Drainage
At the Airport Board meeting of April 5, 2001 , Chairperson Wallace appointed a committee of
staff, Frank Burggraf, Frank Sperandeo, and Mike Andrews to work with McClelland Engineers,
investigate drainage at the t-hangars, and to bring a recommended solution to the May Airport
• Board meeting. Two committee meetings were held - April 109 2001 and April 27, 2001 .
Discussions centered on specifically identifying the problem, assessing solutions to the
problem, and determining costs/responsibilities for correcting the problem.
Frank Burggraf will make the presentation for the committee at the Airport Board meeting. In
short, the area is so flat, that in order to achieve a fix that nears complete reliability, a system
of trenches and grates will be recommended to correct and improve drainage. McClelland will
be available to answer technical questions. To move into a solution oriented environment,
McClelland offers at no charge to the Airport their design services for the report and
investigation. Further, they offer to perform detailed design on the selected alternative and to
assist staff with the preparation of technical data for a grant application to the State.
With implementation of a system of trenches and grates, the overall project should be better,
and while this type of system was not contemplated at project onset, the system should
function to address drainage for the north portion of the t-hangar apron. Particularly
advantageous, from a staff perspective, is our ability to offer hangars to tenants and when
there is a problem to be pro-active in seeking solutions. Staff plans to utilize a state grant
program which funds this type project on a 75% state/ 25% local share up to a maximum
$100,000 project to help defray the cost of these improvements.
Action Requested: Resolution directing staff to work with McClelland engineers to correct
drainage for hangars "E° uF1 & °G° in an expedient manner.
Staff Recommendation: Staff recommends approval of the selected alternative.
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0 FAYETTEVILLE
The City of Fayetteville, Arkansas
Dan Coady, Mayor
4500 S. School Ave., Suite A
Fayetteville, AR 72701
501.575.8301
alittie@cLfayetteville.ar.us
Economic Development Dept.
Airport Management
Alett S. Little, Director
TO: Airport Board Members
FROM: Alett Little, Airport Manager OJU
DATE: May 1 , 2001
SUBJECT: Approval of a Lease for DHL, Worldwide Express, Inc.
Attached is a draft lease negotiated over a period of months with DHL Worldwide Express. DHL
• currently occupies a hangar and an end unit of`B" hangars, and this lease will allow them to
move their operation to the west side of the field into 4140 S. School Avenue (the old fire station)
which contains 799.25 square feet of office space and 1 , 179.99 square feet of garage/storage
space. Upon completion of the pavement rehabilitation project, their planes will be able to taxi to
their back door for loading/unloading. Currently, their planes are unloaded/loaded on the west
side of the field and their trucks must cross back and forth to their east side business location.
The lease maintains DHL's rent at its current rate ($ 175.00 per month for 1 ,575 square feet) for
two years and then begins an increasing progression towards market rate for the property. The
Airport initiated the request that DHL move from their present location in order to free up the
hangar for a tenant with a plane and in order to achieve additional safety by separating DHL van
traffic from the air traffic on the east side.
A copy of company's insurance is attached because a typical Airport lease requires the lessee to
have "insurance by an insurer licensed to do business in the State of Arkansas". DHL, as a
worldwide company carries international insurance. I have asked Rick McKinney to look over the
policy as presented, and I believe he is satisfied that the policy will suffice for our normal
requirements. The City Attorney will look over the document as a part of the staff review prior to
the lease making its way to Council.
Action Requested: Airport Board resolution recommending approval of the lease with DHL by
City Council.
• Staff Recommendation: Approval of the lease as negotiated.
--DRAFT-----DRAFT-----DRAFT-----DRAFT-----DRAFT-----DRAFT-----DRAFT-----DRAFT-
SUBJECT TO APPROVAL BY THE AIRPORT BOARD & CITY COUNCIL
•
LEASE
between the City of Fayetteville, Arkansas
and
DHL Worldwide Express, Inc.
This LEASE is executed this day of 20 , by and
between the City of Fayetteville, Arkansas, 113 W. Mountain St., Fayetteville, AR, 72701 ,
hereinafter called "Lessor" and DHL Worldwide Express, Inc., a Delaware Corporation
hereinafter called "Lessee."
1 . Leased Premises. Lessor leases to Lessee, and Lessee leases from Lessor, the property
at 4140 S. School Avenue containing approximately 799.25 square feet of office space and
1 , 179.99 square feet of garage/storage area, located on the premises of the Fayetteville Municipal
Airport - Drake Field, hereinafter called "Airport", as reflected on Exhibit "A" attached hereto
and made a part hereof.
2. Term of Lease. The term of this Lease shall be:
A. Initial Term. A period of two (2) years commencing on the date of this Lease,
, 2001 and expiring at midnight on 2003 unless
• otherwise terminated, canceled or extended as set forth herein below.
B. Option to Extend. Lessee shall have the option to extend the Lease Term for
five (5) consecutive one (1) year terms, under the same terms and conditions of this Lease,
provided:
(1 ) Lessee has complied with and performed all conditions, covenants, and
terms of this Lease without any uncorrected defaults if known to Lessee, or any defaults that are
not otherwise in the process of being resolved in the manner provided in this Lease.
(2) Notice of Lessee's intent to renew has been made in writing to Lessor
at least thirty (30) days prior to the expiration of the term.
3 . Rental Charges.
A. Initial Term. During the initial term of this lease, Lessee agrees to pay Lessor
for the use of the Leased Premises the sum of $ 175.00 per month. However, should the lease
term begin on a day other than the first day of the calendar month, or should the lease end on a
day other than the last day of the calendar month, such partial month lease payment shall be a
prorated share of the monthly lease payment. The initial lease payment is due and payable upon
execution of this lease, and all subsequent monthly lease payments shall be due and payable in
• advance on or before the first day of the calendar month thereafter. A delinquency charge will be
imposed on all payments not received by the close of business on the tenth day after the due date
except that one ( 1 ) grace period in the first year of the Lease shall be allowed. The grace period
• is allowed for the purpose of establishing the payment schedule and accustoming the tenant to the
payment schedule. Such delinquency charge shall be the maximum amount allowable under
Arkansas law. Nonpayment of rent for a period of three (3) months shall be considered an event
of default. All payments shall be delivered to: Fayetteville Municipal Airport, 4500 S. School
Ave., Suite F, Fayetteville, AR 72701 .
B. Extended Term. The schedule of Rental Charges for the remaining five (5)
option years shall be as follows:
( 1 ) Year 3 $225/month
(2) Year 4 $300/month
(3) Year 5 $425/month
(4) Year 6 $550/month
(5) Year 7 $550/month
4. Insurance and Indemnity. Lessee shall maintain in force during the Term, and any
extended term, public liability and property damage insurance in comprehensive form as
reasonably may be required by the Lessor and outlined in the Airport Minimum Standards. The
Lessor shall be named as Additional Insured on the Lessee's insurance. Proof of insurance shall be
provided to the Airport. Further, no material change or cancellation of the insurance shall be made
without 30 days notice to the Airport.
5. Utilities and Janitorial Services. Lessee shall be responsible for the all utility services to
• or on the Leased Premises except as otherwise stated in Section 6. F. This shall include any
power, gas, telephone, electricity, heating, water, sewer, storm water and all other utility services
not enumerated specifically. Lessee shall pay as the same become due, all utility and other
charges incurred in the operation, maintenance, use, occupancy, repair and upkeep of the Leased
Premises and the improvements located thereon. Lessee shall provide for and supply at its expense
all janitorial service with respect to the Leased Premises.
6. Use and Maintenance of Leased Premises. Lessee shall have use of the Leased
Premises as follows:
A. Lessee agrees to observe and obey all ordinances, rules and regulations
promulgated by Lessor with respect to use of the Airport and the Leased Premises; provided,
however, such ordinances, rules and regulations shall be consistent with safety and with rules,
regulations and orders of the Federal Aviation Administration with respect to aircraft operations
at the Airport; and provide further, such rules and regulations shall not be inconsistent with the
provisions of this lease or the procedures prescribed or approved from time to time by the Federal
Aviation Administration with respect o the operations of Lessee at the Airport. Lessee shall be
entitled only to use the Leased Premises for lawful purposes. Lessee agrees that it is understood
that Lessee is not permitted to engage in aircraft maintenance activities of any nature in said
space.
• Page 2
• B. Subject to Federal Aviation Administration, hereinafter referred to as "FAA"
and Airport Security and Airport Operational Rules, Airport Minimum Standards, Regulations
and Procedures, Lessee shall be entitled to use, on a nonexclusive basis, public areas of the
Airport and runways, taxiways, aprons, lighting navigation aids, and other facilities necessary for
the operation of aircraft and activities related to Lessee's business.
C. Lessee shall maintain Leased Premises in a clean and orderly condition and
appearance, including all of the Lessor's fixtures, equipment and facilities and all Lessee's
personal property. The Lessee shall not permit the accumulation of any rubbish, trash or other
waste material on the Leased Premises. Lessee will arrange for their own trash dumpster for
trash removal from the Leased Premises. Lessee shall be responsible for the lawn care, mowing
and appearance of the outside grounds of the Leased Premises.
D. Lessee shall not install any antennas or signs without prior consent of the
Lessor. All signs shall be permitted through the City of Fayetteville. Lessee shall be responsible
for expenses arise from the installation and/or removal of antennas, radio signal or receiving
towers, signs or related facilities, including any damage to the roof or building as the result of
installation and/or removal of same.
E. Lessee shall not dispose of any Hazardous Substances in Lessor's drains; and in
the event that this provision is inadvertently violated by the Lessee, Lessee shall be responsible for
any fines and clean-up, and shall indemnify and hold harmless the Lessor from claims related to
• the event.
F. Lessee shall be responsible for the maintenance and normal operating condition
of all heating, electrical and air conditioning equipment and interior plumbing on the Leased
Premises up to and including a maximum cost of $500.00 per year. Lessor shall be responsible
only for major maintenance of the existing equipment. Major maintenance, as used herein, shall
mean replacement of the heating and air conditioning units or compressor units when deemed
necessary by the Lessor. Lessee shall be responsible for the maintenance of all doors and glass
windows.
7. Reservation of Rights.
A. Lessor reserves the right to take such action as may be necessary to protect
the aerial approaches of the Airport, against obstruction in accordance with the applicable
standards and/or requirements.
B. Lessor also reserves for itself and its licensees, an avigation easement in, over
and across the airspace above the Leased Premises and the unrestricted right to subject the Leased
Premises to such Airport noise and vibration as may result from the flight of aircraft, warm up of
engines, testing of motors and other aviation related activities.
• C. Lessee, its representatives, agents, invitees and licensees, shall have the right
of ingress and egress to and from the Leased Premises. Lessor reserves the right to close any
means of ingress and egress, so long as other reasonable means of ingress and egress to the
Page 3
• Leased Premises are available to Lessee.
D. Lessor may enter the Leased Premises at any reasonable time for any
reasonable purpose necessary or incidental to the performance of its obligations hereunder.
Notice of intent to enter will be given the Lessee except in emergencies. Lessor shall refrain from
unreasonably interfering with Lessee's normal business operations and shall observe Lessee's
security and safety rules.
8. Termination or Default.
A. Lessor or Lessee may terminate this lease at any time by giving the other party
ninety (90) days written notice of termination.
B. At the expiration or termination of this Lease, Lessee agrees to surrender
possession of the Leased Premises peacefully and promptly to the Lessor in as good condition as
existed at the effective date of this Lease, normal wear and tear excepted. Lessee's rights to use
of the Leased Premises shall cease. All fixtures, improvements, equipment, and other property
installed, erected or placed by Lessee on the Leased Premises shall be deemed to be personalty
and shall remain the property of Lessee. Lessee shall have the right at any time during the term of
this Lease, to remove any or all of such property from the Airport, subject, however, to Lessee's
obligation to repair all damages, if any, resulting from such removal. Any and all property not
removed by Lessee prior to the expiration of this lease shall thereupon become the property of
Lessor and title thereto shall thereupon vested in Lessor, except properties belonging to
• customers of the Lessee, or Lessor may require removal and restoration by Lessee.
C. Failure of the Lessee to abide by the terms of this lease shall be considered an
event of default, which shall result in the termination of this Lease.
9. Indemnity. Lessee agrees to indemnify Lessor against all liability for injuries to persons
or damage to property caused by Lessee' s use or occupancy of the Leased Premises; provided,
however, Lessee shall not be liable for any injury, damage, or loss occasioned by the negligence or
willful misconduct of Lessor or its agents or employees including but not limited to hazardous
substances. The Lessor shall give notice to Lessee of any such liability, loss, suit, claim or
demand, and Lessee shall defend same using counsel reasonably acceptable to the Lessor. No
word, sentence, paragraph or phrase shall be construed to waive that tort immunity as set forth
under Arkansas Law. The provisions of this section shall survive the expiration or early
termination of this Lease.
10. Assigning, Subletting and Encumbering.
A. Lessee shall not at any time sublet the Leased Premises, nor permit other
persons to occupy said Leased Premises or any part thereof, nor grant any license or concession
for all or any part of said Leased Premises, or assign its rights under this Lease without the
written consent of Lessor except to any affiliate, successor, or other bona fide member of the
• Lessee's corporation. Notice of any changes in responsibilities under this Lease shall be given to
the Airport. No such subletting or assignment shall release Lessee from its obligations to pay the
rental set forth herein.
Page 4
• B. Notice as provided for herein shall be sufficient if sent by Certified Mail,
postage prepaid, addressed as follows:
Notice to Lessor:
Airport Manager's Office
4500 S. School Ave., Ste. F
Fayetteville, AR 72701
501 .718.7642
Notice of Lessee: Co to:
DHL Worldwide Express, Inc.
ATTN: Corporate Real Estate DHL Legal Department
50 California Street 50 California Street
Suite 500 Suite 500
San Francisco, CA 94111 San Francisco, CA 94111
415.677.6456 415.677.6145
451 .677.7274 (fax) 451 .986-6203 (fax)
All covenants, conditions and provisions in this Lease shall extend to and bind
the legal representatives, successors and assigns of the respective parties hereto.
11 . Independent Contractor. This Lease shall not be deemed or construed to create any
• relationship or joint venture or partnership between the parties, to give the Lessor any interest in
the business of Lessee, or to grant to Lessee any powers as an agent or representative of the City
or Airport for any purpose or to bind the City or the Airport. Lessee shall be an independent
contractor owning and operating its business as herein described.
12. Governmental Requirements
A. Governmental Requirements - General. Lessee shall comply with all
Governmental Requirements applicable to Lessee's use and operation of the Leased Premises.
Without limiting the generality of the foregoing, Lessee shall at all times use and occupy the
Airport in strict accordance with all laws, rules, regulations, minimum standards, and security
plans that may be imposed by the FAA, the Airport, the state, federal or city government with
respect to the Airport and operations thereof, including but not limited to procuring all licenses,
franchises, certificates, permits, and authorizations necessary to conduct business.
B. No Liability for Exercise of Powers. The Lessor shall not be liable to Lessee
for any diminution or deprivation of its rights which may result from the proper exercise of any
power reserved to the Lessor in this Lease or by reason of governmental requirements; Lessee
shall not be entitled to terminate this Lease by reason thereof, unless the exercise of such power
shall interfere with Lessee's rights hereunder so as to constitute a termination of this Lease by
operation of law.
•
Page 5
C. Nondiscrimination. Lessee, and its successors in interest, and assignees, as part
of the consideration hereof, hereby do covenant and agree, as a covenant running with the land,
that in the event facilities are constructed, maintained or otherwise operated on property
described in this Lease for a purpose for which a Department of Transportation program or
activity is extended or for another purpose involving the provisions of similar services or benefits,
Lessee shall remain and operate such facilities and service in compliance with all other
requirements imposed pursuant to Title 49 CFR Part 21 , Nondiscrimination in Federally-Assisted
Programs of the Department of Transportation-Effectuation of Title VI of the Civil Rights Act of
1964, as said regulations may be amended.
Lessee, and its successors in interest, and assignees, as a part of the consideration hereof,
do covenant and agree hereby that: ( 1 ) no person shall be excluded from participation in, denied
the benefits of, or otherwise be subjected to discrimination in the use of said facilities on the
grounds of race, color, creed, national origin, sex or disability; (2) in the construction of any
improvements on, over or under such land, and the furnishings of services thereon, no person shall
be excluded from participation in, denied the benefits of, or otherwise be subjected to
discrimination in the use of said facilities on the grounds of race, color, creed, national origin, sex
or disability; (3) Lessee shall be responsible for maintaining the Leased Premises and services in a
manner which complies with the parties' respective obligations under 14 CFR Part 382,
NONDISCRIMINATION ON THE BASIS OF HANDICAP IN AIR TRAVEL, under the
Uniform Federal Accessibility Standards (UFAS), or substantially equivalent standards; under 49
CFR part 27, NONDISCRIMINATION ON THE BASIS OF HANDICAP IN PROGRAMS
• AND ACTIVITIES RECEIVING OR BENEFITTING FROM FEDERAL FINANCIAL
ASSISTANCE; and under 42 U. S.C. S. §§ 12101 , et seq., THE AMERICANS WITH
DISABILITIES ACT of 1990, or a substantially equivalent standard; and (4) Lessee will be
responsible for any alterations and/or construction made during the initial lease period or any
extensions or renewal within the leased space, which may be mandated by or necessary to meet
the requirements of the statutes and regulations cited above and other relevant Federal, State or
local laws, statutes and regulations cited above and other relevant Federal, State or local laws,
statutes and ordinances that relate to disabled accessibility standards up to and including a
maximum of $500.00 per year provided the improvement is mandated specifically due to the
Lessees use with the Lessor being responsible for maintaining the building in compliance with the
Americans with Disabilities Act.
To the extent applicable, Lessee assures that it will undertake an Affirmative Action
Program as required by 14 CFR Part 152, Subpart E to ensure that, on the grounds of race, color,
creed, national origin or sex, no person shall be excluded from participating in any employment
activities covered in 14 CFR Part 152, Subpart E. Lessee assures that it will require that its
covered sub-organizations provide assurances to the Airport that they similarly will undertake
Affirmative Action Programs and that they will require assurances from their sub-organizations as
required by 14 CFR Part 152, Subpart E to this same effect.
13 . Miscellaneous
• A. Severability. In the event any provisions of this Lease shall be held invalid or
Page 6
• unenforceable by any court of competent jurisdiction, such holding shall not invalidate or render
unenforceable any other provision hereof, unless such holding shall materially affect the rights of
either party as set forth herein.
B. Entire Lease, Modification. This Lease expresses the entire understanding of
the Lessor and Lessee concerning the Leased Premises. Neither the Lessor nor Lessee has made
or shall be bound by any Lease or any representation to the other concerning the Leased Premises
or the subject matter hereof which is not set forth expressly in this Lease. This Lease may be
modified only by a written Lease of subsequent date hereto signed by the Lessor and Lessee.
C. Non-Waiver. Neither the waiver nor any forbearance of remedy by the Lessor
of any breach of Lessee of any provision hereof shall operate as a waiver for any other breach by
Lessee.
D. Execution of Counterparts. This Lease simultaneously may be executed in
several counterparts, each of which shall be an original and all of which shall constitute but one
and the same instrument.
E. Choice of Law. This Lease shall be construed and enforced in accordance with
the laws of the State of Arkansas.
F. Force Majeure. Neither the Lessor nor Lessee shall be deemed in violation of
• this Lease if it is prevented from performing any of the obligations hereunder by reason of
embargoes, shortages of material, acts of God, acts of the public enemy, acts of superior
governmental authority, weather conditions, floods, riots, rebellions, sabotage, or any other
circumstances for which it is not responsible or which are not within its control, and the time for
performance automatically shall be extended by the period the party is prevented from performing
its obligations hereunder.
G. Binding Effect. This Lease shall be to the benefit of and shall be binding upon
the Lessor, Lessee and their respective successors and assignees, if such assignment shall have
been made in conformity with the provisions of this Lease.
•
Page 7
• IN WITNESS WHEREOF, the parties have executed this Lease on the day and year first above
written.
CITY OF FAYETTEVILLE, ARKANSAS
Lessor
By
Mayor
ATTEST:
By
City Clerk
DHL WORLDWIDE EXPRESS, INC.
Lessee
By
Title:
ATTEST:
By
Title:
•
Page 8
• CERTIFICATE OF INSURANCE
DATE OF ISSUE: April 13 , 2001
THIS IS TO CERTIFY TO City of Fayetteville
Economic Development
4500 S. School Avenue, Suite A
Fayetteville, AR 72701
Attn: Alett S. Little, AICP
Economic Development Director-Airport Mgr.
that Insurers, each for their own part and not one for the other, are providing the following
insurance:
Named Insured DHL Worldwide Express, Inc. and DHL Airways, Inc.
Address of Insured 50 California Street, Suite 500
San Francisco, CA 94111
•
Policy Number See Addendum No. 1
Effective Date November 1 , 2000
Expiration Date November 1 , 2001
Geographical Limits Worldwide
Description of Coverage Comprehensive General Liability including Premises
Liability ..
Limit of Liability Combined Single Limit Bodily Injury and Property
Damage Liability $1 ,000,000.00 each occurrence.
• Certificate No. I-082DHL
Aon Aviation
• Page Two
, SPECIAL PROVISIONS
1 . The City of Fayetteville, its officers and employees are included as Additional Insureds ,
but only as respects the operations of the Named Insured.
2 . This policy includes a Date Recognition Exclusion Clause and a Date Recognition Limited
Coverage Clause applicable to the Year 2000 and other computer date-recognition issues .
CANCELLATION NOTIFICATION:
In the event of cancellation of the policy(ies) , the party to whom this Certificate is issued will
be given thirty (30) days advance written notice of such cancellation, but Aon Aviation shall
not be liable in any way for failure to give such notice.
The above Insurers have authorized Aon Aviation, a Division of Aon Risk Services, Inc.
Southern California Insurance Services, as Insurance Brokers, to issue this certificate on their
behalf. Aon Aviation has no obligation or liability of any kind in respect to the above policies
nor as a result of the preparation of this .document.
This certificate or verification of insurance is not an insurance policy and does not amend,
• extend or alter the coverage afforded by the policies listed herein. Notwithstanding any
requirement, term, or condition of any contract or other document with respect to which this
certificate or verification of insurance may be issued or may pertain, the insurance afforded by
the policies described herein is subject to all terms, exclusions and conditions of such policies .
If Certificates have been issued prior to the Date of Issue of this Certificate, this Certificate
cancels and supersedes each such Certificate.
U
Authorized Repr ntativ
AON A 1ATIO
Issued by: Ann Aviation tvision of Aon Risk Services, Inc.
707 Wilshire Blvd., Suite 6000
Los Angeles, California 90017-5563
Telephone: (213) 630-1301
Facshnile: (213) 689-3162
• Certificate No. I-082DHL
Aon Aviation
ADDENDUM NO, 1
SCHEDULE OF INSURERS
DHL WORLDWIDE EXPRESS, INC. and DHL AIRWAYS, INC.
November 1 , 2000 —November 1 , 2001
Comprehensive General Liability
The Insurances certified hereon are subscribed to by the following Insurers:
Comprehensive General Liability including Premises Liability
Underwriters at Lloyd' s, London
and Certain Companies, through
Aon Aviation Ltd. , London 95 .0 %
Policy No. AM0001491
Brockbank Insurance Services, Inc.
On behalf of XL Specialty Insurance Co.
Policy No. PXLA 37000053-00
•
5 .00 %
100 %
•
Aon Aviation
DHL Airways, IncJDHL Worldwide Express, Inc.
Comprehensive Airline Liability Policy
Effective November 1 , 2000 to November 1 , 2001
ACE One Terns Paper % of 100%
Ace Global Markets Syn 2488 Lloyds' 8.00%
Generali France per R. Malatier Generali France Assurances 3.75%
DA.Marshall Syn 839 (Maylam) Lloyds' 5.00%
AXA AXA Global Risks UK 1 .00%
Frankona ERC Frankona 5.00%
Mutual Marine New York Marine & General 1 .35%
24. 10%
ACE Two Terms
Ace Global Markets Syn 2488 Lloyds' 7.00%
Brockbank Syn 588-1209 XI-Specialty Insurance Co. 5.00%
Liberty Mutual Liberty Mutual Insurance Co. 5.00%
AIG New Hampshire 5.00%
Amlin Avn Syn 824 Lloyds' 5.00%
D.E.Hope Syn 1009 Lloyds' 5.00%
Generali Generali SPA 3.00%
Kiln Avn Syn 510 Lloyds' 1 .60%
Generali France per R. Malatier Generali France 3.75%
P.L.Dennis Syn 53 Lloyds' 2.50%
Allianz Allianz 4.00%
AXA AXA Global Risks UK 1 .00%
Frankona ERC Frankona 5.00%
AFA AGFMAT 10.00%
62.85%
International One
Zurich Zurich Ins. Co. 5.00%
5.00%
International Two
ADNIC Abu Dhabi National 0.30%
MISR MISR 0.25%
Mutual Marine New York Marine & General 3.50%
4.05%
International Three
Aviabel Aviabel Com. Belge 4.00%
4.00%
Grand Total 100.00%
•
FAYETTEVILLE
THE CITY OF FAYETTEVILLE. ARKANSAS
• DAN COODY, MAYOR
4300 School Ave., Suit A
Fayetteville, AR 77701
301.573.8701
alittleCcUayetteville.ar.us
ECONOMIC DEVELOPMENT DEPT
AIRPORT MANAGEMENT
ALETT S. LITRE, DIRECTOR
TO: Airport Board Members
FROM : James Nicholson , Financial Coordinator
THRU: Alett Little, Airport Manager / Economic Development Coordinator
DATE: May 1 , 2001
SUBJECT: Five Year Capital Improvement Plan
Background: The City of Fayetteville's Capital Improvement Plan (CIP) process is the
format and method for planning future capital improvements for Drake Field . The CIP is a
means to evaluate projected capital improvement priorities and financial needs.
The CIP is a planning document only. Identified projects, project priorities, and anticipated
budget needs are subject to revision every two years. The proposed CIP is for fiscal years
2002 through 2006.
• This CIP proposal is tentative pending administrative review and revision by City staff, and
approval of a final draft by the Fayetteville City Council.
The following CIP construction projects are proposed for FY 2002:
1 . Pavement Rehabilitation / Taxiway Widening
2. Ernest Lancaster Drive Extension - Phase II (engineering / design)
3. East Taxiway / Apron Extension
4. Industrial Hangar
5. Individual Hangar
6. Hangar Rehabilitation
Action Requested: A resolution to forward the Airport's 2002-2006 CIP to the Fayetteville
City Council for approval.
Staff Recommendation: Airport staff recommends approval of the Airport's 2002-2006 CIP
for programming and planning purposes.
•
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