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HomeMy WebLinkAbout2002-11-14 - Agendas - Final , t AGENDA FOR THE AIRPORT BOARD MEETING • NOVEMBER 14, 2002 1 :30 p.m. Airport Conference Room 4500 S. School Avenue 1 . ITEM #1 : Welcome. 2. ITEM #2: Minutes of the October 3, 2002 meeting. 3. ITEM #3 : Receiving of reports. A. Charles Wallace, Chairman. B. Ray Boudreaux, Director. C. James Nicholson, Financial Coordinator. D. Construction report. E. Maintenance report. 4. ITEM #4: Old Business. A. Airport budget, final draft. Action: Recommend to City Council. • B. Consideration of proposal from Bill Corley. 5 . ITEM #5: New Business. A. Rent Increase Policy. Action by Board. B. T-Hangar Rent Increase. Action by Board. C. Airport Fuel Pricing Policy. Action by Board. D. Consideration of a proposal from Marty London. 6. ITEM #6: Other Business. A. Items from the Board. B. Items from the Public. 7. Meeting Adjourns. 4UV-12-2002 10 : 38 P . 01 j for appointment to City Boards, Commissions, and Committees Name / Soc. Sec. # If married, please give spouse's first name Length of residency in Fayetteville Resident Street Address How did you find out about opening(s)? City State Zip Code Mailing Address Zip Code References: Telephone Number. Home: Name Business: Address Occupation/Employer Name Phone Name Choice of Committee Address Phone Nis .0 m? y r 1 . What are your qualifications for serving on this committee, including education and expertise in the subject matter? • � ) - � 2 � Z o� a.w� 2. Why would you Ike to be considered for appointment to this committee? - - LL� i i Please fill out application COMPLETELY and return to: Heather Woodruff City Cleric's Office 113 W. Mountain Stmt, Fayetteville 72701 If you have any questions call 575-8323 f . NOU-12-2002 10: 39 Have you ever wondered just how the City or advisory UMUP37 P- 02 The City Council has adopted a "poticles and procedures' statement In order to (1 ) provide a broad CIWSs section of qualified individuate for service on the appointed bodies; (2) provide an opportunity far partltipsgon in city affair by interested citizens; and (3) provide a means for PA Council invoivema-IL Applications for appointrients come from two principle sources: 1 . Periodic paid news advertisements of an edition of the Northwest.Arkanses Time. These are generally placed at least eight weeks in advance of appointments, and they request that individuals notify the City Clerk's oMoe of their interest in being considered for appointment Each applicant Pole out a short form, which gives them and opportunity to specify why they think they're especially qual(fled for appointment to a particular group. 2. Council members, city staff members, and Interested organizations and Individuals who know of qualified persons often encourage them to apply for appointment Once the rolled-out application forms are received, the City Clerk's Office circulates copies to the council Nominating Committee. The Nominating Committee meets in open session, sets up tinea for personal Interviews. and recwthmends to the entire Council their reoommendatiom for each appointment The City Counal, again in open session, makes the final selection_ What aro the qualifications for serving on a City Committee? Accwding to a policy adopted by the Board on January 7, 1976, revised on October 21 , 1986, and on January 3, 1989: The following criteria should generally be considered in making appointments. Because of dliferencea in are appointive bodies. however, the relative importance assigned to he various criteria win very with dit erht appointments, For example, the Plenning Commission appointments would normally amphaslee experience and expertise in the subject matter. Besides the general criteria below, special consideration (such as being an orgenf=aoonal representative) may be important for some appointments. 1 , Expertise and experlence M the subject matter. 2. Interest in the subject matter. Attendance at a meaning of the committee is recommended prior to application (You may contact the City Clerk for meeting time and location.) 3. Barone of appointive body in tame of personal characteristics such as occupatan, age, sex and sections of the city residence, To be enaibbi ,, to serve on a crmmihee, you must be a renistemd voter LBsIgIntt_le the comoreta 11MIts of Favettaville Moving from residence in the corporate limits of Fayetteville oonstItutes resignation of oommlus membership. 4. IndivkhuWs ability to attend meetings of the appointive body. Absence from three consecutive meetings is generally considered a basis for termination of membership on a city committee. 5. Willtrgness to serve. 6. Any person who has served two consecutive terms on any citizen commission or board Is not eligible for re-appointment to the same group unf® ane tern of office has expired, unless Owe ars an insuffWard rhumber of qualfffed applications to fol all vacencies. -APPLICATION FORM For appointment to City Boards, Commission3, and'Committew TOTAL P. 02 • MINUTES OF THE AIRPORT BOARD MEETING FAYETTEVILLE MUNICIPAL AIRPORT October 3, 2002 MEMBERS PRESENT: Charles Wallace, Frank Burggraf, Frank Sperandeo, Mike Andrews, Dave Bowman, Otto Loewer MEMBERS ABSENT: Rick McKinney STAFF PRESENT: Ray Boudreaux, James Nickolson, Troy Bates, Louise Powers OTHERS PRESENT: Wayne Jones-McClelland Engineers; John P. Ross-Ross Executive Aviation, Inc. ; Christina Crouse-Airport Hair Salon; Kristal Dearing-Moming News; Matt Wagner-NW Ark. Times; Judy Hammond-Ark. Air Museum; Michael Stilwell-Fayetteville Government Channel ITEM 91 : Welcome. Chairman Charles Wallace. ITEM #2 : Minutes of the September 12, 2002 Meeting. The Board discussed changes needed to the minutes. • The motion was made by Dave Bowman and seconded by Mike Andrews to approve the minutes with the amendments of changing the date listed on the minutes to September 5`h, and the clarification that the FBO hangar can house one Gulf Stream, not several. The motion carried. ITEM 93 : Minutes of the September 26, 2002 meeting. The Board discussed changes needed to the. minutes. The motion was made by Frank Sperandeo and seconded by Otto Loewer to approve the minutes with the following amendments: Minutes are to include the FBO hangar will have radiant heating and careful consideration should be used in the placement of the heaters and for parking the aircraft away from the heat; also the location of the Board Meeting is to be corrected to the University of Arkansas Engineering Research Center, not U. of A. Geneses; and Mr. Loewer's name be corrected from "Lower" to "Loewer". The motion carried. Chairman Wallace expressed appreciation to the Board members for reading the minutes. Director Boudreaux introduced Troy Bates, our new FBO Supervisor, saying he has a myriad of talents and he is a pilot. Chairman Wallace noted they were glad he is here. • 1 • ITEM #4: Receiving of Reports. A. Charles Wallace, Chairman. He asked the Board to check their schedules for the next Strategic Planning Meeting. He presented a document titled "Fayetteville Municipal ' Airport —Scope of Responsibilities of the Board " and asked the document to be a part of the minutes. He stated F. Sperandeo's "Standard Construction Plan " could be discussed at the November meeting. R. Boudreaux responding to questions about the Maintenance List, said the eastside restrooms are now locked. They could not be keyed to the T- Hangar keys and separate keys will be provided for each T-Hangar tenant. F. Sperandeo suggested cutting the grass east of the runway only twice a year to free up time for the maintenance crew. R. Boudreaux stated the Airport is already working with someone on that and referred him to the Director's Report in the agenda packet. C. Wallace explained there would be two board members whose membership terms would be expiring at the end of the year: F. Burggraf has completed a full term and M. Andrews, who filled Truman Smith's unexpired term. C. Wallace asked that the Airport Board Membership page from the City Clerk's office be attached as part of the minutes. He encouraged them to reapply and for the Board to make it known there would be vacancies to fill. He also asked that a copy of the Application be kept on hand at the Airport. B. Ray Boudreaux, Director. The football game weekends went well and thanked all who had helped and those who provided food for the Hospitality Table. Thirty-five planes were parked for the Boise State game and eighty for the Alabama game. He mentioned the memo from the Mayor, attached to the Director's Report The Mayor • stopped by on the Alabama game day. Responding to Wallace' s question about the Alabama slotting program, R. Boudreaux said the planes seemed to come in groups with slack time between. C. Wallace explained the FAA had visited with them about the slot program, because we had concerns that it was a determent to this Airport. Slotting is an FAA controlled program established for safety because of the additional planes in the air. R. Boudreaux said the system is designed to handle 100, we handled 80 planes with no problem. He said he would be on hand for the B. B. King concert to insure everyone stays inside the fencing. The Museum is handling the parking and may need volunteers. Regarding the hay cutting cast of the runway, the Airport prefers to keep the grass under 18" to keep out animals, and we are working with someone to cut that grass. He has already cut it twice this year for hay. F. Sperandeo expressed concern that his Maintenance List had been shoved aside, stating he wants the Airport to be a show place. He said that he and Barry West had cleaned the Pilots Briefing Room, and he asked that routine maintenance be performed or to bulldoze the building down. R. Boudreaux thanked them and said we are working on the items on the list. He said someone had vandalized the restroom again, tearing the towel rack off the wall. Now with the new locks the only people in the restrooms will be tenants with keys. C. Wallace explained the Board and staff would talk about the Maintenance List at the Strategic Planning Meeting rather than at the Board Meeting. R. Boudreaux commented the FAA Airport Certification Inspector had spent two days here inspecting the airport and only one item was found. The thresholds were not marked properly and we will have that fixed. The re-skin project for the hangars is under way. • 2 • C. James Nicholson, Financial Coordinator. Explained new charts were used to reflect last year and the current status for fuel and aircraft operations. The Airport sold close to 40,000 gallons of fuel in September. Fuel prices at local airports are going up as well as the cost of fuel. We have new corporate businesses on the field purchasing fuel, Flying Investments and Air Cargo Carriers. Fuel sold during the ballgame was 4,000 gallons of jet and 1 , 100 gallons of Av-gas. He noted that even in months with less operations, the fuel sales are up. Responding to questions from J. Ross who questioned if the 40,000 gallons was supporting the Airport staff's salaries, he replied it was contributing. The Airport has several revenue sources. C. Wallace responding to other questions from J. Ross, said those would be answered during the Budget Report. D. Construction Report. 1 ) & 2) Executive Apron and Taxiway Project & FBO Hangar Project. R. Boudreaux reported the corporate ramp and FBO hangar projects will be on the October 15`h City Council Meeting and the. projects should get started by October 20`h. We will have a ground breaking ceremony. W. Jones reported they are re-seeding some areas and applying some top soil along the taxiway. The project should be finaled out within the next month. They will be painting the Threshhold bar, it was 10' wide and should have been 15 ' wide. It had been partly covered by the rejuvenation project. W. Jones said he had been working with the Forest Service and the FAA. He said the Forest Service had part of their funding for the year pulled. The design is in process for their ramps and loading docks. Even if McClelland had the plans ready, the project could not be bid until • the FAA and the Forest Service have their funding. R. Boudreaux reported the lease was signed and they are paying rent. E. Maintenance Report. C. Wallace said the report would be deferred to the Strategic Planning Meeting. R. Boudreaux did report the City's Street Department and Airport staff had done ditch work to keep the drainage ditches open. ITEM #5: Old Business. No old business. ITEM #6: New Business. A. State Aeronautics grant application. Action: Recommend application to the City Council. W. Jones said there are two contracts and four State grants, one grant for the FBO hangar and three grants for the apron and he had been working with the State Aeronautics Department. R. Boudreaux said he needed permission from the Board to amend the grant applications. The amendments could be presented at the next Aeronautic Commission Meeting on November 1P. C. Wallace asked for a "guide sheet" outlining the projects in progress, and the grants and their amendments. W. Jones said he would work with staff on his projects and staff can distribute the list. A motion was made by Dave Bowman and seconded by Frank Sperandeo to amend the existing grants: for the ramp for an approximate $71,000 for a 90/10 grant; for • the apron and grass grant an approximate $32,000 for a 50/50 grant; and the grant 3 • for relocating the access road an approximate $15,000 for a 75/25 grant. The motion carried. M. Andrews said we have already approved the money, all we are doing is asking to reduce the Airport's funding by asking for State grants. B. Airport Budget. Action : Recommend adoption to the City Council. Discussion followed regarding the Budget and how the City's Budget process works. J. Nicholson explained the City's Budget Department provides a budget format and a target budget. Airport staff then develops budget figures. The budget is submitted to the Budget Department and each department meets with the Budget Department to go over the Budget. Last year we were already into the year and had to develop a new FBO budget so we can't compare all of our budget to a previous year. C. Wallace commented that at this stage of the budget, it is a City developed budget with no Board input. J. Nicholson said a lot of things are already mandated, and the expenditures are things already recommended. Usually in November the City takes the whole City budget to the City Council for approval, and depending on the time frame, the Airport Board may need a Special Meeting. R. Boudreaux explained the budget before them is in Draft form and has been submitted to the Budget Department, but there are some penciled in changes from the last version. C. Wallace expressed concern that none of the Board members understood the budget to where they could explain the budget to others. R. Boudreaux said the first page is a • summary for each program, and then you can go to the spreadsheet and it will break it out and show the target overruns and that indentifies where there are percentage changes. We have reorganized the budget into three programs: Administration, Operations, and Maintenance. The FBO is in Operations. The Board requested a one page document, rather than the City's format, showing how much we take in, how much we spend, and what is the difference. F. Burggraf said we keep the fuel prices low as possible, but if we increase the fuel prices it would give us more wiggle room. R. Boudreaux said one item is the tower expense. We've not expensed the cost this year as they have not sent us a bill. C. Wallace asked that the minutes show the Board will consider the budget at the next Strategic Planning Meeting and view the finalized draft at the November Airport Board Meeting. C. Lease with Air Cargo Carriers. R. Boudreaux asked for this item to be added to agenda. DHL leases their aircraft from Air Cargo Carriers. Air Cargo Carriers wants to rent an existing garage in the terminal, with ramp access, for their office and to store their aircraft parts. Frank Burggraf made a motion and was seconded by Frank Sperandeo to approve the lease. The motion carried. D. Lease with Allied Research. R. Boudreaux asked for this item to be added to the agenda. They want to rent the southeast office in the terminal. They are starting a small • investigative operation, investigating security related items and does work for attorneys. He will be filling out our Business Application. 4 • Mike Andrews made a motion and was seconded by Dave Bowman to approve the . lease provided all of the application checks out. The motion carried. ITEM #7: Other Business. A. Items from the Airport Board. C. Wallace asked that the maintenance concerns of Mr. Speranadeo be discussed at the Strategic Planning Meeting. Frank Sperandeo asked that the construction progress be discussed at the Strategic Planning Meeting. Frank Burggraf asked to present information for . proposed tower construction on Brentwood Mountain, a mountain south of the Airport. Approval for the tower was given by the County Planner without going through the FAA to be Airspaced to determine if the tower will be an obstruction to aircraft approaching Drake Field. R. Boudreaux said he had talked with the County Planner and had called one FFA office and had left a message and had talked with another FAA office. Follow-up calls will be made and a Special Airport Board Meeting may be called, if needed, for the Board to petition. The location may not require Airspacing. If it was Airspaced, the FAA did not notify us. B. Items from the Public. J. Ross asked Director Boudreaux, "How important is it to keep his business here?" C. Wallace asked why he was asking? J. Ross said he may make a large investment for the flight school. Said he had been here six years. C. Wallace said we need a flight school, but there were pieces he didn't understand at that time and that item needed to be discussed before the next meeting, for instance, whether • we would extend the lease. M. Kratchmer asked Ray to help promote the Private Pilots Ground School on October 19`s and 20's at the Arkansas Aviation Technologies Center. He also urged staff to encourage the roofer to be careful. They were getting screws on their ramp 50 ft. out. Ray said he had pictures of the ramp from the ballgame weekend. Troy had taken them from a plane around dusk. This will help us with the parking plan for the next ballgame. Meeting Adjourned, • Frank Burggraf, Secretary Date 5 NOU-04-2002 17 : 15 P . 01i01 Boards and Commissions • July 16, 2002 AIRPORT BOARD Richard P. McKinney (Pilot) Dave Bowman (Aeronautical) 609 N. Olive Street 3458 Nottingham Place Fayetteville, AR 72701 Fayetteville, AR 72703 1)521-3480 W)442-7369 11)582-0485 W)986-6927 Third term First term/New Position 02/01/94 to 12/31/03 03/31/01 to 12/31/06 Frank Burggraf (Member-at-Large) Otto I Loewer (University afArkansas) 18665 Brentwood Mountain Road 1900 Rockwood Trail Winslow, AR 72959-9755 Fayetteville, AR 72701 H)634-7059 H)521-6133 W)575-3054 First fiW term/Replaced Leo Yanda First term/Now Position 06/04/96 to 12/31/02 03/31/01 to 12/31/06 R rank Sperandeo (Aeronautical) 15841 Pear Circle Fayetteville, AR 72704 • H)521-2609W)283-3383 • First tam/Replaced Donald Lyall 12/31/00 to 12/31/05 Michael D. Andrews (Business) 925 N. Meadowlands Drive Fayetteville, AR 72704 H)443-1461 W )443-7500 Unexpired term/Replaced Truman Smith 12/31/00 to 12/31/02 Chairman Charles Wallace (Pilot) 250 Skyline Drive Fayetteville, AR 72701 H)582.3081 W)443-4531 Second term/Replaced John Gearhart 12/16/97 to 12/31/04 • 4 • TOTAL P. 01 Fayetteville Municipal Airport Scope of responsibilities of the board : Mission: To serve Fayetteville and Northwest Arkansas by Providing access to aviation transportation and educational programs that contribute to the community and its prosperity • Advisory to the City Council in all matters of airport operation and development • Members serve as public advocates and .interpreters of the airport' s value to city and area residents • Advise and support the work of the airport staff • Review and recommend (to City Council) concerning matters of contractual arrangements • Review and recommend (to City Council) concerning the annual budget and capital development items • Establish guidelines for leases and other charges to be assessed for airport use and services • Report the "state of the airport" to the City Council at least once each year These items have been distilled from General Policies and Procedures for the Drake Airporl Board and other documents, are subject to change as needed and as presented here, are intended only as general rubrics to guide the work of the board September, 1001 We are Transforming Drake Field • into a model General Aviation Facility MONTHLY REPORT Director, Aviation and Economic Development Fayetteville, Arkansas October 2002 The first Friday of the month we hosted the BB King concert. As a result of good planning, the event went off without a hitch. They paid our feed on time and for the most part left the area the way they found it. We returned their deposit gladly. Should we do something like this in the future we will install another gate to the area to help with parking control and to allow for a more orderly and expeditious departure. We finalized the agreement with Superior Industries for their purchase of ground in the Industrial Park and with Danaher for their construction of a sidewalk. Both companies were awarded grants for their projects and both grant agreements were signed and approved by the City Council. • We defended our budget submission several times to the City Budget Division. We have reorganized the budget to more appropriately align the expenses in the three separate companies that operate and maintain the airport. We have divided the budget into Administration, Operations and Maintenance. Revenue and Capital budgets represent the other areas of the airport budget. We also administer the Economic Development budget. With Doc's help we were able to come up with a budget brief form that will help us keep track of our revenue and expenses. We will use it for the monthly Board meeting to keep the Board members up to date on airport operating revenues and expenses and the status of the fund balance. We spent most of one day and a better part of another day with a developer interested in purchasing land in the Fayetteville area. We looked at property adjacent to the airport as well as property at the Wilson Springs Business Park. He will return to Fayetteville in early November. We met with the Razorback Approach Control concerning the slot program for aircraft arrivals during the Alabama game. There were no real problems experienced. They will not slot again until the 2004 season when they will probably slot the Texas game. We had the first Airfest 2003 meeting with the museum. There are many new events planned and the show will be bigger and better. 2003 is the 100`" anniversary of flight and the area • celebration will center around the airfest. We look forward to a great show. We have sent forward our request for military support. We had the preconstruction meeting for both new projects. The contractors are very motivated to begin and complete the projects. We also held a ground breaking ceremony. Thanks to the • Airport Board for 100% attendance. We were honored to have the Mayor and Alderman Reynolds present as well. Our Strategic Planning meeting was very productive. We agreed to increase the rent by 5% in 2003 with renewals. We also agreed to increase the price of fuel nominally. We will work on a policy to increase the rates at later meetings. We are working on formulas that will allow automatic increases at a rate agreeable to all. We had two game weekends in October and once again, we had great support from the airport family. Marie, Denise, Fred, James and all the team were here to make sure our customers were treated with the best we had to offer. We had some great comments and will continue to make the football and basketball crowd welcome. We dropped the trolly from Ozark Transit and are now supported by a private limo operator. They make a little and we provide the needed service. It is a win—win deal. The re-skin project is well underway. There have been some bumps in the road, but we continue to make progress. Our maintenance staff started the rehab on the new pilot lounge with an entrance near the FBO counter. Some paint and new carpet will make it a good place for crews to wait for passengers. We will need to buy some furniture to furnish the room but am sure when finished, it will entice crews to encourage their passengers to fly Fayetteville Drake. We are still working on the design • of our FBO counter and flight planning area. We hope to have assistance from the City Building Division with design and construction. Troy has a lot of good ideas and we want him to make it happen. He is really earning his pay—we are very happy to have him on board. &kZo(�Submitted, Ray M. Boudreaux Director • • 11 October 2002 Mr. Ray Boudreaux Director of Aviation and Economic Development Fayetteville, Municipal Airport 4500 South School Ave Suite F Fayetteville, Arkansas 72701 Dear Ray: Per our conversation of yesterday, I would be quite happy to prepare a short (20-30 minute presentation and documentation- for the board. It will outline the results of our recent survey from a marketing communications and strategy development standpoint. My quote is as follows: Hourly billing—five hours @ $75/hour. . . . . . . . . . . . . . . . . . . . . .$375 .00 • One hour to attend board meeting a present. . . . . . . . . . . . . . . . . . .. . 75.00 Misc printing/coping. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..25 .00 TOTAL. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $475 .00 Let me know if wish to move forward on this. Sincerely, (signed) William H. Corley 307 Sutton Street Fayetteville, Arkansas 72701 479.466. 5879 bill@williamcoricy.com • • FAYETTEVILLE THE CITY OF FAYETTEVILLE, ARKANSAS DAN COODY, MAYOR ' MEMORANDUM TO : Fayetteville Muni pal rport Board FROM : Ray M. Boudre ux DATE: November 14, 2002 SUBJECT: Rent increase policy Attached please find a letter proposed to be sent to the T Hangar tenants if the Board passes the • rent increase with renewals in 2003. This increase is very much needed and will cover costs of many maintenance and improvement items that must be done and paid for. Since it is so hard for the Board to consider and approve increases, it should be done by policy and therefore automatically by formula. The attached formula is recommended. The formula is nothing but an increase based on the increase in the consumer price index plus 1 %. It does not keep the airport even based on the value of the dollar when the hangar originally leased but it is close. The 1 % additional attempts to make up for the straight line increase of the CPI over a two year period and to recover some of the value lost while the index was increasing. As we consider a periodic increase policy there needs to be an additional factor included into the process. Each airport in the area has T Hangars. They are all of different quality and they are not the same size. We should consider the market rental rates as we determine whether or not to implement the increase. Aviation and Economic Development Department 4500 South School, Suite F Fayetteville, Arkansas 72701 • (479) 718-7642 Ray M. Boudreaux, Director rboudreaux@ci.fayetteville.ar.us • 1 recommend that we establish a rent increase policy that establishes a rate by policy, but not necessarily a period. The above formula would be my recommendation for the rate. As for the period, it would normally be every two years, but would require action at the November Board meeting to go into effect. At that Board meeting, the staff would prepare a briefing on the increase based on the increase in the CPI and would also prepare a market analysis to determine the market rates in the local area. While those receiving increases this year would not receive increases until 2004, new tenants might see a different rate than that currently in place thus requiring action by the Board every November. A new hangar tenant in February 2003 would pay a rate equal to the rate being paid by all tenants as increased by the 5%. A new tenant in February 2004 would pay a rate as established by the Board and based on the increase in the CPI plus I % since the rent was last increased on January 2003. This policy would still require Board input and action on the increase every year but would establish a basis on which to compute the increase that is fair. • Aviation and Economic Development Department 4500 South School, Suite F Fayetteville, Arkansas 72701 • (479) 718-7642 Ray M. Boudreaux, Director rboudreaux@c i.fayeneville.ar.us • LEASE ATTACHMENT NUMBER ONE Rent adjustments shall be made as of the commencement of each of the Dates Upon Which Rent Increases Apply and shall be determined by the following formula: Rent as last so increased under this Lease multiplied by: 1 + Current Index - Base Index Base Index plus: one percent ( 1 %) of the Rent as last so increased under this Lease Where, "Current Index" shall be the CPI (D-1 Consumer Price Index All City Average, " all items groups, subgroups and special groups, "published monthly in the Monthly Labor Review ofthe • Bureau of Labor Statistics of the United States Department of Labor) for the month immediately prior to the applicable Dates Upon which Rent Increases Apply, and Base Index shall be the CPI for the month immediately prior to the Commencement Date or the most recent Dates Upon Which Rent Increases Apply, whichever is applicable. In no event, however, shall the Rent for any period be less than the Rent as last so increased under this Lease. In the event that such CPI is no longer published or otherwise available, the adjustment provided for herein shall be by the successor (or the most nearly comparable successor index) thereto, adjusted as appropriate to the applicable dates. • FAYETTEVILLE THE CITY OF FAYETTEVILLE, ARKANSAS DAN COODV, MAYOR MEMORANDUM TO : Fayetteville icipal A' port Tenants FROM: Ray M. Boudrea I DATE : November 14, 2002 SUBJECT: T Hangar rent increase At the Airport Board meeting of November 14, 2002, the board voted unanimously to increase the rent on the T Hangars by 5% with renewals in 2003 . As provided in the terms of the lease, each tenant will be notified 60 days prior to renewal of the new rent amount. The last T Hangar rent increase was in June 1988. The five percent represents a $5 .75 increase to • $ 120.75 for the small hangars and a $7.05 increase in the large hangars to $ 148.05 . This additional revenue will help to fund the T Hangar roof maintenance program that will cost $20,000 the first year and a similar amount in subsequent years. We recently acquired new high lift equipment that will allow us to safely work on the hangar doors. We anticipate that we will need $5 ,000 in parts to repair the doors next year. We have established a procedure to check door cables, cable tension, door hinges, motors and switches to insure proper and safe operation of the doors. The 2003 budget shows a loss to the airport fund of approximately $250,000.00. This includes the expected revenue from the rent increase and an increase in the retail price of fuel. We generate revenue to pay for the services we provide and the maintenance of the airport through rent and fuel sales. We are constructing a new hangar and hope to fill it up quickly. We are developing a new hangar area for people to build their own facility on ground they rent from the airport. We plan to continue building on our infrastructure which means more based aircraft with increases in rent and fuel revenues increasing the revenue stream, reducing the deficit. Aviation and Economic Development Department 4500 South School, Suite F Fayetteville, Arkansas 72701 • (479) 718-7642 Ray M. Boudreaux, Director rboudreaux@ci.fayetteville.ar.us • In 2003, we have budgeted three 60 X 60 small corporate hangars east of the T Hangar area. We have also budgeted construction of another T Hangar building if we have the tenants to fill it, and a self serve AVGAS system for the T Hangar area. The other part of the equation is recruiting the aircraft and people to fill our development. We believe that we have the greatest, most beautiful, best general aviation airport in the region. We believe that we have the best location for both the recreational aviator and the business flier. We believe that the business center of Northwest Arkansas remains the City of Fayetteville. Fayetteville Municipal Airport, Drake Field will grow to support business and recreation. We need to be ready and we need to make sure that the word gets out that we are ready and that we enthusiastically welcome new tenants and businesses to locate at Fayetteville Drake. We trust that each of you will understand our dilemma. Keep prices down to attract more tenants and activity while continuing to pay the bills. The airport operation is a $ 1 .7 MM business. We will take in $ 1 .45 MM in 2003. Our capital program is another $ 1 .0 MM of airport money that will leverage more than $ 1 .5 MM of Federal and State grant money. We continue to pursue excellence. We sincerely appreciate your continued support and commitment to make Fayetteville Drake the best it can be and a valued source of community pride. Thanks for your help. • Aviation and Economic Development Department 4500 South School, Suite F Fayetteville, Arkansas 72701 • (479) 718-7642 Ray M. Boudreaux, Director rboudreaux@ci.fayetteville.ar.us FAYETTEVILLE THE CITY OF FAYETTEVILLE, ARKANSAS DAN COODY, MAYOR MEMORANDUM TO: Chairman Wallac Airport Boar FROM : Ray M. Bo reaux DATE : October 25, 2002 SUBJECT: Airport Fuel Pricing Policy Following discussions at the strategic planning session of October 24, 2002, the Airport Board agreed that we should increase the retail price of our fuel by $.05 for avgas and $.20 for jet. This increase is due to the substantial increase in the delivered wholesale price of the fuel. Delivered price has increased by 25% for avgas and 50% for jet. This increase makes it extremely difficult • for the airport to cover its costs. The increase will take effect January 1 , 2003 and will result in the retail price for avgas of $2.30 and for jet $2.20. These prices include the credit card fee required by City Ordinance. The Board also agreed that we should develop a pricing formula that could be used to price our fuel to the retail customer. That formula would include a delivered wholesale cost including taxes and fees (A); an into plane cost including truck fees, insurance, personnel etc. (B); and a margin (C). The formula of A + B + C = retail price. The analysis is to be performed using the last delivered load price of the month and pricing changed only once each month to be changed on the 151. There are several decisions to be made concerning this policy. 1 . What is included in the into plane fee? a. Personnel g. Weather system (WSI) b. Insurance It. Telephone expenses c. Truck lease i. Crew expenses (courtesy car, hospitality items) d. Advertising j . Other promotional costs e. POS cost k. Uniforms f. Office rent Aviation and Economic Development Department 4500 South School, Suite F Fayetteville, Arkansas 72701 (479) 718-7642 Ray M. Boudreaux, Director rboudreaux@ci.fayetteville.ar.us 1• • 2. What should the margin be? ($.08 for Avgas and $.30 for jet?) Computing the current price for avgas the formula would look like: A = $ 1 .5253 (fuel plus federal tax) +. 1545 (sales tax) _ $ 1 .6798 B = $.0932 (truck) + .0015 (POS) + .4464 (personnel) + .0343 (Ins) + .0082 (Ad) + .0219 (Rent) _ $.6055 C = $.08 (Margin) Price using this formula for AVGAS would be $2.37 per gallon CASH. Price for credit card users would be $2.43 (2.5% surcharge) Computing the current price for jet using the formula the following are the numbers: A = $ 1 . 1995 (fuel price plus fed tax and fees) + $. 1337 (sales tax) _ $ 1 .3332 B = $.0524 (truck) + .0015 (POS) + .4464 (personnel) + .0343 (Ins) + .0082 (Ad) +.0219 (Rent) _ $.5647 C = $.30 (Margin) Price using this formula for Jet would be $2.20 per gallon CASH Price for credit card users would be $2.25 (2.5% surcharge) • Aviation and Economic Development Department 4500 South School, Suite F Fayetteville, Arkansas 72701 • (479) 718-7642 Ray M. Boudreaux, Director rboudreaux@ci.fayetteville.ar.us •t MarTy ).oNdOAI @ I a (o1 �? (2av `too Powe Wel ;F FOrK Q, 7A7 74Ll PhoiV� (Ce ( ll . y t7 �t - 6681 pay 4t3 0 o c. r')OA/i"V\ O IVCd C. 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