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HomeMy WebLinkAbout2008-04-09 - Agendas - Final AGENDA FAYETTEVILLE MUNICIPAL AIRPORT, DRAKE FIELD • Meeting of the Airport Board 1 :30 pm, Wednesday, April 9, 2008 Airport Terminal Conference Room 1 . Welcome — Chairman Bob Nickle. A. Please tum off all cell phones. B. Comments from the public on items on the agenda. 2. Minutes of the March 14, 2008 meeting. 3. Receiving of Reports. A. Chairman Nickle. B. Director Boudreaux report on airport activity. C. Financial Coordinator Nicholson report on budget and FBO. D. Senior Secretary Powers report on T-Hangar Leases. E. Engineer Wayne ]ones' report on construction projects. F. Director Boudreaux report on maintenance activity. G. Museum Reports. 4. Old Business. A. Update: Wilma's Restaurant. B. Fare to Remember Terminal Lease Agreement, tabled at the March 14'h meeting. Action Requested: Approve and submit to City Contract Review. 5. New Business. A. Discussion: RSAT safety inspection and safety meeting. B. Washington DC trip. 6. Other Business. A. Items from the Public. B. Items from the Airport Board. 7. Meeting Adjourned. Note: Next Strategic Planning Meeting Drake picture presentation in terminal Next Airport Board Meeting 1 :30 am, Wednesday. May 14, 2008 • • MINUTES FAYETTEVILLE AIRPORT BOARD MEETING March 14, 2008 BOARD MEMBERS ATTENDING: Bob Nickle, David Hollman, Janice Stanesic, Vaughn DeCoster, Richard Greene, Tim McCarley BOARD MEMBERS ABSENT: Otto Loewer STAFF ATTENDING: Ray Boudreaux, James Nicholson, Louise Powers OTHERS ATTENDING: Warren Jones-Ark. Air Museum, Blaise Sharkey-Million Air Fayetteville, Susannah Patton-NW Ark. Times, Tyrone Rogers-Government Channel TV ITEM #1 : Welcome — Chairman Bob Nickle. A. Request all cell phones to be turned off because of video recording interference. B. Comments from the public on items on the agenda. None. ITEM #2 : Minutes of the February 13, 2008 meeting. A motion to approve the minutes was made by Vaughn DeCoster and seconded by Richard Greene. The motion carried. • ITEM #3 : Receiving of Reports. A. Chairman Nickle. None. B. Director Boudreaux report on airport activity. The FBO's fuel sales were up, over 50,000 gallons. Received the results on the tower cost sharing program, and there will be no cost share on the tower service for two years. We will save about $30,000 and maybe that will put the airport in the black at the end of the year. Advised the Board that if they have an opportunity to speak to a Congressman, ask them to make sure the funding remains in the budget for the Contract Tower Program. The Runway End Obstruction Survey Project is about nine months from completion. Was told, at the FAA Conference, that money is still in the budget for the Runway 16 Improvement Project. Had visits with Greenland's Mayor regarding the junkyard south of the airport, he is looking for aviation related businesses. The City's Planning Department received a Grant for $9,000 to provide professional assessment to see what needs to be undertaken to make the structure National Register worthy. King Electric is working on the lighting at the Air Museum and has donated man hours to the Museum. Ozark Military Museum's shop building is under way. We had several meetings with Johnson Controls about the terminal's heat and air system and they will come back with a proposal for a reasonable control system. Skylight in terminal is leaking and it has been recommended to build a roof over the skylight. An ARSAT airport safety inspection will be conducted on May Oh. They will visit with personnel and businesses on the field and have a safety meeting at the end of the day. Chairman Nickle asked that the safety inspection be placed in the Tenant • Newsletter. The Airport has applied for a $250,000 grant for virtual development east of the airport; Mr. Miller has agreed to sell his property to the airport some day. 1 . ` o C. Financial Coordinator Nicholson report on budget and FBO. Our operations • were up about the same as last year' s. Million Air is doing a great job on fuel sales, 10,000 gallons ahead of last year. Blaise Sharkey, Million Air, said they had about one ball team charter every day in February and they are working on getting the football team charters. Drake Field is about in the middle of the local fuel prices for I DOLL. There are four airports over $5.00 on jet fuel, most are almost $5 .00. Regarding the Financial Report, said the airport may break even this year. Suggested having a Resolution from the Airport Board sent to the State Aeronautics Commission to increase the funds allowed for grants, the funds are there but only part is authorized to be released. We will not be able to get reimbursed for the airfield paint job until July. They approved more grants than had funding. D. Senior Secretary Powers report on T-Hangar Leases. All units are filled. When filling the last vacant hangar, a lot of names were deleted from the waiting list; many have sold their planes. We have four on the single engine list, five on the twin list, and eleven on the storage unit list. Director Boudreaux told of a potential client looking at the big empty hangar for a Certified Repair Station for larger planes. If we rent the hangar we may have to spend some money on hangar repair, or they might spend the money and ask for a rebate on the rent. E. Engineer Wayne Jones' report on construction projects. Wayne was unable to attend the meeting because of a death in the family. Director Boudreaux commented the Master Plan' s Airport Layout Plan is almost complete, being approved by the FAA. F. Director Boudreaux report on maintenance activity. Buildings on the field were inspected and some had to have backflow preventors installed; worked on the self-serve • fuel farm with a new reel and replaced the motor on the reel. G. Museum Reports. Warren Jones told of King Electric donating time towards the lighting project, and of their efforts to conserve electricity in the facility. Director Boudreaux cautioned of using radiant heat that it might be dangerous on the fabric wings, and V. DeCoster suggested calling the Smithsonian to check about the radiant heat. W. Jones said Stillwater, Oklahoma puts on an American Kiting Association event in May and October and was checking about that, also he was going to the Spiro Indian Mounds the next day for their Kite Day. There is a kite event in Texas that brings in around 20- 25,000 people. This will be a family event, building a kite furnished as part of the admission fee, and they are looking for sponsors. If the Museum joins the American Kiting Association, that provides $ 1 ,000,000.00 insurance for that day's event. ITEM #4 : Old Business. A. Discussion: Name change for the Airport. V. DeCoster had a screen presentation showing the airport name in several aeronautical publications and it is listed as Drake Field FYV. Replacing "Municipal" with "Executive" would not affect the printed listing of the airport. Used as a marketing tool the name change might attract big dollar customers, and the folks on the east side (T-Hangar tenants) would benefit from it. Chairman Nickle reported that the tower guides say Drake Field. R. Greene said he thought it would help Million Air bring in jet customers, they don't make any money on the little planes. Municipal Airport is old terminology, if building a new airport you would use a name to reflect the current usage. • 2 • c A motion was made to replace Municipal with Executive in the Airport's name, and to forward the item to the City Council for consideration. The motion was seconded by Janice Stanesic. The motion carried. ITEM #5: New Business. A. Airport Safety Inspection. Director Boudreaux told of an Airport Safety Inspection on May Oh, they may want to meet with the Board. They will have a Safety Meeting that night. B. Discussion: Airport Restaurant. Wilma' s Restaurant had given us the indication they were going to leave, but they had changed their mind. During that time we showed the space to a catering business, A Fare to Remember, and they have submitted a proposal. Wilma Walker spoke saying she thought a big part of her business would be airport traffic, and it has not turned out that way. Also, said she had not given an official notice of canceling her lease, business has been down, but now picking up, saying the airport benefits from her being here. Chairman Nickle noted the Airport Board had waved her percentage fee each month and it was to start back at the first of the year, and asked if she would be able to pay that now? Also the rent was to have gone up to at the first of the year, asking if she would be able to pay that now? R. Greene asked if Wilma had broken here lease, that needs to be determined before we can talk about a new lease with someone else. Director Boudreaux stated the reason the office was hesitant in raising the rent is because we knew she was struggling. Chairman Nickle said need to go . back to the lease and visit the option to renew lease, and don't do it retro-active Richard Greene asked that the proposal from A Fare to Remember be tabled until the next meeting. Chairman Nickle noted that a table doesn't need a second. The vote carried. ITEM # 6: Other Business. A. Items from the Public. None. B. Items from the Airport Board. V. DeCoster brought up the prospect of rekeying the T-Hangars. Chairman Nickle said the presentation of Dr. Drake' s picture has been re- scheduled for April 9'h at 1 :00, prior to the Airport Board Meeting. Meeting adjourned at 2 :53 pm. David Hollman, Secretary Date • 3 • Tayve evl e ARKANSAS AVIATION & ECONOMIC DEVELOPMENT FAYETTEVILLE MUNICIPAL AIRPORT • DRAKE FIELD QUARTERLY REPORT FIRST QUARTER CY2008 AVIATION AND ECONOMIC DEVELOPMENT DEPARTMENT FAYETTEVILLE, ARKANSAS April 3, 2008 AVIATION : • Flight Operations continue to trend down with quarterly comparison revealing 13% below the same period last year. Fuel sales tracked very closely to last year with less than 1 % difference although the marginal weather of March did not help. The cost of fuel is playing a big role in the decrease in flying activity. • The most exciting news this quarter is the results of the FAA Benefit Cost Analysis. The Analysis is conducted every two years by the FAA to determine the cost share for the Air Traffic Control Tower (ATCT). The results of the most recent Analysis for our airport equaled 1 . 15 which results in full funding for the tower from FAA. This saves the airport budget approximately $30,000 annually. The Analysis evaluates number of takeoffs and • landings, number and type of based aircraft, and number and types of passenger carrying aircraft utilizing the airport. The result determines the value of the tower to the national airport system. Those airports with less than one must pay a portion of the cost of the tower. • We attended the Spring FAA Partnership Conference in Ft. Worth where the 2008 Airport Improvement Program funding plan was unveiled. Our Runway 16 RSA Improvement Project remains in the funded program. Runway Safety Areas remain high on the FAA priority list. We were able to meet with Don Harris, our FAA Program Manager to confirm funds for the projects. All funding is unpredictable due to the failure of Congress to pass the complete reauthorization bill. This interim bill includes the FAA proposed fees which we and all of general aviation have opposed. The airlines continue to fight for new fees on GA while leaving the airlines alone. • The Runway End Obstruction Survey Project is scheduled to be completed and the results published sometime in April. The completion date has slipped from December 07 due to regulatory reviews by the FAA and minor adjustments required by the geodetic survey concerning marking of the monuments. The object of the study is to identify all penetrations, such as trees, buildings, and towers, that penetrate the Runway Approach Surfaces. • McClelland Consulting Engineers and Barnard Dunkelberg started the Environmental Assessment, Roadway Alignment Study and Property Survey for the Runway 16 Improvement Project. We will submit a grant application for the initial funding for this • work in the second quarter. FAA has received spending authority for approximately 75% 1 4500 SOUTH SCHOOL AVENUE, SUITE F • AIRPORT TERMINAL BUILDING • FAYETTEVILLE AR 72701 479.718.7642 • 479.718.7646 FAX • www.accessfayetteville.org/government/aviation airport_economic—development@ci.fayetteville.ar.us of the funding which means we will apply for the first $ 121 ,920.00 of the $ 153,000 • planning project. The remainder will be attached to the larger grant to cover the initial land acquisition, earthwork and final engineering. • We have been meeting with John Gray, Mayor of Greenland about development around the airport and the City of Greenland. He is working hard to find quality development projects for the neighborhood, including redevelopment of the salvage lot just south of the airport. We also met with the Fayetteville Fire Department and Mayor Gray to discuss fire coverage for Greenland. Our interest is to help the Fire Department with potential land for a station close to Drake Field which will improve our airport response times. • The Planning Department submitted a grant request to the State for funding to return the Arkansas Air Museum building to it historic original appearance. Since the building is now in a historic district it is eligible for the grant. This grant will begin the planning. • I have been appointed to the Collections Committee of the Arkansas Air Museum. We are currently developing a Collections Management Policy. • The Museum Lighting Project has been awarded to King Electric. King donated a portion of his labor on the project. Many of the fixtures have been donated as well. Thanks to the Museum Chairman, Hugh Brewer for his contributions. • The shop building for the Ozark Military Museum is well underway. They designed and funded the building. Our only part of the project was to insure the FAA sighting criteria was complied with. • We have had several meetings with Johnson Controls Inc. (JCI), the City energy audit company to determine what projects would save money by reducing energy consumption. Results of the audit were inconclusive. The cost savings were minimal but the benefits in • comfort were substantial. The questions remain. We will work hard to find solutions. We were able to procure two high efficiency bulbs from Phillips Electrical to test in the runway light fixtures. The bulbs are purported to last twice as long. Twice the life at the same cost. • We invited the City Building Services Director Coy Heard to look at our skylight for his recommendation on how to solve the leak problem. His solution was the same as ours— roof over the skylight. We will probably try one application of roofing tape before we take the leap of roofing over. • The FAA will conduct a Safety/Education seminar for all airport tenants and users May 6, 2008 in the Terminal Building. The FAA Runway Safety Action Team (RSAT) from Fort Worth will be on the airport all day May 6a' and will conduct meetings with all employees of the airport, FBO's and tower. The major thrust is to prevent runway incursions. • Bob Nickle was selected to succeed himself on the Airport Board by the City Council and was elected to continue as Chairman by the Airport Board. • We have entertained two Mayoral Candidates at the airport and briefed them on our mission and our vision for the future. • We continue to meet with the Board and Conference Committee of the Arkansas Airport Operators Association. We are coordinating the golf outing and plan to conduct the outing at Stonebridge Meadows Golf Course. • 2 • ECONOMIC DEVELOPMENT: • We submitted a grant request to the Arkansas Economic Development Commission (AEDC) for money to investigate the potential to develop the land east of the airport into an Aerospace and Technology Park with airport access. We requested $250,000.00 to do investigations, appraisals and surveys and to fund options on the purchase of the property. It is a great project should the results of the investigations reveal the property to be developable. This grant followed a solicitation from AEDC to which we responded. It involved a major aviation company looking for 100 acres on which to invest $ 150M and 650 jobs. We submitted the Miller property after meeting with the Miller family. Their land will be perfect for our Aerospace and Technology Park. • We have held several conference calls concerning the flood plain depiction of the area around the airport. We know that the most recent changes are incorrect but that does not matter to the FEMA folks as the method for determining the water level is set by statute. Our only recourse is to petition the government with facts that support our position. We are working to determine the cost of the project and the return on that investment. • The Northwest Arkansas Economic Development District is working hard to develop the Senior Day Care Center in Fayetteville. Much progress has been made and continues to be made. The long pole in the tent is the funding necessary to support the initial operations costs of the project. They are working to raise private funds to seed the project. The new center, Forrest House, will be housed in a private home dedicated for the purpose. • • We will travel to Washington DC the end of April to talk with our legislators about the projects most important to the Citizens of Fayetteville. We will also meet with our lobby firm Van Scoyak to reinforce our programs. Our RSA 16 Improvement Project is still in the funding line but we need to keep the pressure on, and we will. Respectfully Submitted, < U eez Ray M. Boudreaux, Director • 3 • aeevle ARKANSAS Airport Progress Report TO: Fayetteville Municipal Airport Board THRU: Ray M . Boudreaux, Director FROM : James Nicholson, Financial Coordinator DATE : April 9, 2008 Tower Operations: OPERATIONS - MONTHLY 2000 - 2008 9 a 4 C a 6 0 4 I 2 IN ry JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEG • 02000 1208 1735 1081 U6 1,472 2.251 %BSB 2,61 2,02 1,051 2,92 U79 02001 2,355 2,330 2421 2A34 2,001 4183 3.540 3.741 2.377 2,770 2.482 2,358 02002 2.65 2.266 216 2182 2,304 3,487 2104 2,920 3,028 3,68 3182 2.830 02003 3.02 2878 2,908 3800 389 5878 4,347 3.674 4.279 4,557 3,084 3.451 02004 3.443 3ABB 4.270 4.570 4.325 5,30 4123 3A85 3,928 2.785 2.68 2,720 02005 2182 2,702 3,TM 3,505 4AS1 8,088 4,583 4A88 4,988 4.842 3.677 3A74 ■ 2008 3,032 2.B9 3.051 3,297 4,67 8,834 886 5180 4.367 2,807 2,739 2181 02007 2.375 2.785 3,944 3,98 3.0S 3,181 3,004 3,589 3188 3,787 3,341 %923 812008 1 2,00 5 2.629 1 2833 OPERATIONS - CUMULATIVE 2000 - 2008 9 60 a $ 50 t 40 30 I 20 10 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 02000 %288 3,001 4,882 8195 7,787 0,00 110/8 14,027 6,69 0,10 20,282 21,781 02001 2,355 4,985 7,908 0,110 0.041 9834 MAW 24.624 27,901 29,771 32.253 34AN 02002 2,65 4A21 BASS 8,90 11222 6.709 0073 0.893 23,521 20)589 28,971 32.001 • 02003 3,122 5,501 8,408 11789 6088 20,484 24.86 28,485 32.784 37831 40,46 43,988 02004 3,443 7,01 111,401 6,871 20188 25AN 29,931 33,76 37,944 40840 42AN 45237 02005 2282 4084 BASS 11573 0254 22822 MOBS 30.973 35.039 39,721 43298 48,772 ■ 2008 3,932 8,743 8,794 0,081 9258 24,02 MAW 35,788 40,05 43,042 45.781 48,042 02007 2875 5,00 8208 11384 0)579 9,780 20,784 24.453 27.741 31,538 34079 30.802 012008 2,00 4,809 7,142 FBO Fuel Sales Charts: FUEL 5ALE5 - MONTHLY 2001 - 2008 m 80 0 a 60 4 40 i ~ 20 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOVDEC ■2001 19.028 9A57 %,86 9285 6530 9.530 9,530 6,807 20,493 25,12 22,382 26$88 02002 20A21 28284 %,908 23,949 14,892 4152 10$85 20,400 39,365 29,447 24570 218E 02003 31522 28,484 34,26 30293 27.200 32,305 21,885 W.298 27,492 5U528 25$92 28,792 020D4 3BA43 28,837 28,98 35,084 295E 28,98 2%234 31,334 43,730 38,61 22AM 30.033 02005 42.938 29,503 32,28 28,253 28,10 38,68 22,233 28,488 33,97 46,837 38255 3%298 02006 4%04 39AW 50,889 38,505 58.253 81.495 33,797 41490 53,338 47,68 52,892 40,281 02007 41704 39,863 51271 46011 43,850 37,&52 32,704 37085 50.708 50,939 43,371 29,033 02008 41058 50520 39.089 FUEL SALES - CUMULATIVE 2001 - 2008 600 m •m 400 4 N 200 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 12001 9.028 28,485 47,300 58585 77,16 87545 98,25 81,782 6 .275 69,387 61749 2090E 02002 29,321 55,605 70511 94.460 159,352 150584 89,%9 69549 2280% 265,351 282,931 304,547 02003 31522 69088 04,1% 24,407 51507 6304 206.577 235,875 253,387 3%595 340,97 386.979 512004 38,643 65,480 93.589 128.673 158,93 88,359 207.593 238027 282557 38038 341,328 371381 02005 42036 72.490 94577 02030 61043 97231 29A64 247030 28197 327,914 386,99 397,497 02008 4104 81033 0%902 20,407 228,880 290,155 323,952 365.442 418,780 465078 5908 559,%9 02007 4%704 8%387 02.638 29582 223,232 28%084 293,788 331773 382A79 433,49 478,789 505.822 82008 41058 91378 00,487 Survey of Fuel Prices : Fuel prices within 50 miles of FYV as of 4/7/2008 Ident FBO Name Jet FS 10OLL FS 10OLL SS 87 MoGas TQH City of Tahlequah (both seffserv) 4 .49 4 .12 SLG City of Siloam Springs 5.37 4.66 4 . 15 VBT Summit Aviation 4 .95 4 .85 4.50 FYV Million Air Fayetteville / City SS 5.29 5 .09 4.57 3 .25 • ASG Pinnacle Air Services 5 . 17 5 .02 4 .75 FSM TAC Air 5 .76 5.35 4 .81 ROG Beaver Lake Aviation 5 .34 4 .64 XNA Regional Jet Center 5 .35 5 .21 FBO Statistics: March 2008 Million Air Category Gallons % Category % TOTAL Jet Fuel sold to FYV-based customers 17 ,058 51 .6% 43 .6% Jet Fuel sold to itinerant customers 16 ,017 48.4% 40 .9% Total Jet Fuel Sold 33 ,075 87 .4% 84 .5% 100LL sold to FYV-based customers 29336 49 .0% 6 .0% 100LL sold to itinerant customers 2 ,431 51 .0% 6.2% Total 100LL Sold 4 ,767 12 .6% 12 .2% TOTAL ALL: 37 ,842 96.7% City Category 100LL sold Self--Serve 11247 96 .2% 3 .2% 87 Octane MoGas sold Self Serve 50 3 .8% 0 . 1 % TOTAL ALL: 1 ,297 3 .3% • 10OLL 10OLL sold self-serve 11247 20.7% 3.2% 100LL sold Million Air FBO 41767 79.3% 12 .2% TOTAL ALL: 6,014 15 .4% 2008Cumulative Avg Fuel Sales byPortent ofType Fuel Saba by Month 2008 SD BASED Z.41% I oa aA5®7WU,SSA nreum.E7. 10iF «.Gf UNRWIDOLL 71a .Ma FEB WA APR MAY AN .LL AUG SB OCT NN 09C a ARKANSAS • OPERATING SUMMARY MONTH ENDING 3/31/2008 AIRPORT BOARD OPERATING ACTIVITIES 2008 2007 2007 2008 2008 2008 Actual Budget ACWW Budget Budget YTD Amw YTD REVENUE Rents & Leases 439,690 471,600 430,259 470,000 117,500 120,803 Aviation Fuel 191,314 217,000 153,478 166,000 41,500 27,655 Contract FBO 45,500 54,500 72,968 110,000 27,500 35,883 Miscellaneous 19,089 10,700 5,121 3,000 750 811 INCOME RECEIVED FROM OPERATING ACTNITIES 895,592 753,800 661,824 749,000 187,250 185,152 EXPENSES Personnel 291,086 319,648 301,229 314,262 78,588 84,878 Materials & Supplies 16,537 20,019 20,276 22,852 5,713 4,070 Avtatlon Fuel Purchases 129,680 167,100 88,174 110,000 27,500 13,562 Services & Charges 194,671 194,175 178,146 154,308 41,077 30,730 Cost All0cetiol to General Fund 132,684 115,908 115,906 65,976 16,494 . 16,494 Maintenance 68,938 59,390 67,446 55,950 13,988 4,349 ATC Toner Costs 23,337 21,780 23,127 24,341 6,085 - Interest on West GA Hangars Loan - - 17,500 35,000 8,750 8,750 INCOME USED FOR OPERATING ACTIVITIES 856,914 888,020 809,808 792,689 198,172 154,081 NET INCOME FROM OPERATING ACTIVITIES - GAIN I (LOSS) (161,321) (134,220) (147,982) (43.689) (10,922) 31,070 INVESTING ACTMTES 2006 2007 2007 2008 2008 Actual Budget Actual Budget Actual YTD NON-OPERATING INCOME Interest on Investments 28,899 22,000 7,549 Other - MisC 207 - - CAPITAL IMPROVEMENTS 05029 AIP #33 Master Plan Update 8,137 05034 AIP #34/35 W GA Apron 4,940 06020 SkyVenWre Mprovernenh Rebate 12,000 8,000 3,000 06021 Airfield Maddrgs - Repaint 77,873 08023 Wast GA Hangars 1,360,624 07024 Runway Approach Obstruction Study 12,219 32,781 20,436 07039 AIP #36 Correct Rummy 18 Safety Area Deficiency - 183,700 7,297 USED FOR INVESTING ACTIVITIES - - 1,464,687 224,481 30,733 FINANCING ACTIVITIES LOANS Principal on West GA Hangers Loan 700,000 - - Paymenb on Loan Principal (23,333) (46.687) (11.867) GRANTS STATE I FEDERAL Received from Dept Aero - W CA Hangers 600,000 - - Due from Dept Aero - Re-Striping - 73,448 73,448 Rcvd State Grants on Fed Projects 65,500 - - Due from State Grants ort Fed 20,43Fed Projects 6,137 45,05 Received from AIP #33 Master Plan 3,498 - - Due from AIP 033 Master Plan - - Received from AIP #34/35 W GA Ramp 138,054 - - Due from AIP #34/35 West GA Ramp - - - Received from AIP 938 Correct RW16 RSA - - - Due from AIP #36 Coned RW18 RSA - 174,515 - NET INCOME FROM FINANCING ACTIVITIES - - 1,487,860 246,296 82,217 AIRPORT FUND BALANCE AVAILABLE FUNDS 708,280 683,472 581,598 888,026 0 c m O L L ( )D a) O LL N m NNNOL w L C C m d N - - (a N N CO m C E c 'a 'm d cc r -oa t E° 0 0 0 c p m m > c_ U m t L > H v to c d' o o m g O :2 IL w o w — W c U c C Z N 'j C QC O z ND w c U 1 O 11 • co d U c c C C C C c C c c C C C c C Z OL O. 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C Q N d w = 3 y LL (7 d LL - y C o = E C7 N Y E ow E o 0 0 m L m 0 Y c o d a o c o 0 m '_ v r o p a o p v o d 0 a3 0 o c _ LL o m E m o m o 0 0 0 p E d - d Q - d O o d d p) F d C ❑ > d -p d a E d W d w v E U 'O F m m .mm •� i mmcc � cmM 'm m .3Cca •m 'mm 'm 'm 'mhz m 'mmmmm > • d d d d d d d d d d d d d d d O N d d y d d d 3 d d d d d d d d d d d 0 K K W Of Of W W W o W of J of Of of co K � LL � of Of w K K of of Of U N N N N cn LO CD N N co LO N N N M M N M M M M M M Cc CO M V V V V V V C V V L) LJ u7 N L] N L) N L7 L7 (O Ln L) L) (O N L) u7 u7 L) to L) L) 0 LO L) (O 0 u1 L) L) L) L) L7 l0 L9 L) L) L) L) i0 L7 Y N C C L • J l4 (0 l4 l0 f0 N V N 01 a0 N N E (D U) 7 (6 C C N y N h C U C O ) C) c U � C O d U d N • M if N (6 f0 Co maf N N N N r 1� 00 O) O N M a L17 n Ln Ln to N 1n I!'7 Ln Ln 1n In 000 zh�2� ' From : Wilma Walker Wilma's Restaurant RECEIVED 4500 S School Suite G APR 0 4 2008 Fayetteville, AR 72701 AIRPORT To : Mr. Ray Boudreaux, Director and Airport Board Members • 1 will be vacating the leased space known as Wilma's Restaurant on April 30, 2008s 1 request that my rent remain at the current rate of $500.00 until that date. Thank You . Mir Walk r y u rea April 4, 2008 • LEASE DATA SHEET TENANT: Parenti Inc. "A Fare to Remember" ADDRESS: 4500 South School Suite G Fayetteville, AR 72701 PHONE: 479-527-6400 (0) 479-527-6444 (F) 479-387-0190 (C) Jayn 479-387-0191 (C) Paul PROPERTY LEASED: Restaurant space in the Terminal (4226 SF) USE OF PROPERTY: Restaurant, Catering Kitchen, Special Events Center BEGINNING DATE: May 1 , 2008 TERM OF LEASE: I Year • OPTION TO EXTEND: 2/1 Year Options RENTAL FEES : Year 1 -$500.00 per month plus 10% of Gross Sales (Events booked and priced prior to May 1 at a % of the facility charge) Year 2-$ 1 ,000.00 per month plus 10% of Gross Sales Year 3-$ 1 ,500.00 per month plus 10% of Gross Sales (Not to Exceed $ 11/Sq Ft per Year w/ increases at renewal IAW CPI+l % formula) SPECIAL CONSIDERATIONS: None at present time. May need help with major renovations in the future. (ie. Sound wall around chiller) DESCRIPTION: Restaurant, events center, cooking classes, cafe etc. RECOMMENDATION: Approval • Personal Travel , Picks .up at EAS o Many of the business III d„ clients at Executive ” r Aviation Services, based at Drake Field in a Fayetteville, are in the f - _ real estate and construe- tion industries. That meant, at huge Mark Myers, director of operations at Executive Aviation Services, said drop in. business char private charters were down only about 10 percent in 2001 thanks to a ters as the -,economy huge increase in personal travel. - slowed during 007, but director of operations and pilot Mark Myers said the shortfall.was nearly en- tirely made up by an increase in personal travel. ".The net to us, was` we were down right in the area of 10 percent," Myers .said. "In tough times the first thing cut is travel expenses. "Those two (industries) have been hit hard, but our amount of personal trav- el has more than doubled versus the previous year or two." Myers said the most popular destinations for leisure jaunts are Florida stops like Destro; Orlando and West Palm Beach. Trips to the Caribbean,Augusta, Ga., and Las Vegas are also common. .. _ "Folks like the convenience and reliability," Myers said. "Most people cant Wto be stuck somewhere for an extra day or two, and they like to go where they want to go without making three connecting flights." EAS charges by the }four;and its rates have gone up by around $200 an hour this year; and 80 percent of that is because of fuel costs that swing from $3.70 per gallon to $7.60 at airports like Vegas, San Diego and Atlanta. "It sounds obscene, and it-is," he said. Myers said the increase in the flat rate has been an advantage over other chartercompanies who use fuel surcharges that can add an unexpected ex- pense line at the end of a trip. Myers said fuel surcharges can add up to a third of the cost. — Andrew Jensen NORTHWEST ARKANSAS BUSINESS JOURNAL APRIL x . 2008 • • � 6 C L � ro C aL y N N L ~ N U al M O T Lbp t�tl T ,ro .p L w y aa « y m 'O «O 3 cr iu�■ a C d v t: '� E z ■ O n �N.� i o .. G O o0 Q A u N ■ � dt A N « V _ . m ° adLm" o ad lC? y 1+ .L' •r M ro N O.1 �.°. 5 m -0 . N b0 [- T•'� vi ai w o wO, "P. m .? U .-i. at > 5 C bb Ri o co ou ° C w ro p v 0 d 0 •`� o •� o .. m '� m a a C m v N m C o ro � :0, tO 3 Pz O .OG w d d'. i0 N O . 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G. ty �tl ,y ut i• o 34 r x 3 N 0 0, c m o C4 G N co ->' n `o ,.G, 'y o .L g F v 3 g d m v E m F d t z 1�1 mz w 'G u Q O w a in a iA D 3 ^&�tolun > y. ems, ,o V yy, ,yggq f elf9 O ° Q 9aa^�E wed emg ° '" �e ` o� v y s pC g _ 9e 'eEd ¢ ao - g a3+s ,P 18`Mr`6 & .. ab` o;� y., k oea . 6 At 9 .4w $m , Fe B O O@ @ e0 $0 0 a -fie of eVII , pImo ® yakIte, A� ° Sv t � �= a e" t ee ' 9$ftOW a ro ° ° R °*bo-"9ybe a" �° p@ e ' �c aa � a ,me= ��° s °� &,�y4" � e v ad ee o b .yg Of Irr Yeg C a c ° ar� e o D e k� ° QO �Et gg .Q Ilemv OF .7 00 t s `fFit q ell. - IF ell em + ell $ o R ° o 91 , f � e y.^ P°° e + ° d ..9F0 If ,SRa mo o B q 3 Ile dp Y'! 6 YY Fill ellol Mo f 15 -90 m p 'T, 02 dp w � prow. a ® a?� g � °Iamb a54 gp a e .g5f$q°'e 45 o �8=� R; We Q�B� 8' ,FlyaatMIr &e& rr Jl les q fell o e b. �} c�rthtr�est ArkanSaS TNes • mo�,day avcN 1q , ZooB American Airlines on its Web site (www mcom) didn't clarify that the North- west Arkansas Regional Air- port is in Highfill but it did do.the next best thing with a change it made Feb. 28. 'The airline eliminated a statement that suggested the airport is in Fayetteville. It is • not •Now, people who purchase tickets through the airline's Web site reservation system see both Bentonville and Fayetteville mentioned promi- nently. The Guru can under- stand why the airline wouldn't want to mention Highfill as many travelers purchasing tickets online wouldn't know where Highfill is Listing the two larger cities should dissuade people from as$utning commercial flights depart from the Fayetteville Municipal Airport, Drake Field. They'll see both cities, do a little research to figure out where the airport is, and head to the correct place — Highfill. Robert J. Smith's column about People on Me move in North- west Arkansas appears each Monday. He can be reached at rsinfth@atkansasonline.com. • • .Y 44 :4 E m H a L c ,a � 3030 y Zomy � RES � = A i c � SA3 •� y ; N � 1 L mo E ,v can o o � o aEoq rte. o >, .Sw0 my � y3Aoe� 4 P N Tm N m9 Cl] � E04 uu2 '9 'S � ° a � NLy 7 � gc � v � ppE, � � 1-' m � Cnsd u � 59 l'tiHHQ!1 °D - = $ ,00 o •, = c Eo `2 `oK W L ° c ° 'i Ar Apo [ vA s p a 3 o E v °o ke rte° yd -50 E go °3Ev 4 • I a) as N ° da w al 'o3s � � � � a eye y� p m °� yA fL .r3 'y ° o m ° v C GO U OG . ,°�, .� vi 4L N O S T a A < O a 12 3 la o c S m m u a c o > Aq eq°. Y. HRX�S 'O •C 'J ] 4� u � C • O g W .� Ldgda � d � � Ey �4v° .� 0 9 °' °0 -Zn obi • d � i � aNC,'� y � � c V° 3t1° E ' orJ' v