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HomeMy WebLinkAbout2011-12-08 - Agendas - Final Director Ray Boudreaux Faye evlle Chairman Bob Nickle • Financial Coordinator lames Nicholson gPagNSA s Vice Chair laniceStanesic Senior Secret"uise Powers Secretary Otto L oewer Member Tim McCarley Member Mike Gibbs Member Rick Bailey Member Joshua Mahony AGENDA Fayetteville Executive Airport Board Meeting 1:30 p.m., Thursday. December 8. 2011 Terminal Conference Room, 4500 S. School Avenue City of Fayetteville, Arkansas As a courtesy please turn off all cell phones and pagers. 1. Welcome. Chairman 2. Presentation. 3. Approval of the Airport Board Minutes of the November 17, 2011 meeting. 4. Receiving of Reports. A. Director Boudreaux, Aviation Director. • B. Financial Coordinator James Nicholson, Budget Report. C. Senior Secretary Louise Powers, T Hangar Report. D. Wayne Jones, McClelland Engineers, Construction Report. E. Museum Executive Director Warren Jones, Museum report. 5. Old Business. None. 6. New Business. A. Visibility for Instrument Approach. B. Presentation of new project for the school hangar. Action Requested: Approve lease negotiations, grant application, and project to upgrade the building. C. Million Aar rent concession request. 7. Other Business. A. Items from the Public. B. Items from the Airport Board. 8. Meeting adjourned. NOTE: Next Airport Board Meeting: January 12, 2012 Strategic Planning Meeting: 4500 SOUTH SCHOOL AVENUE, SUITE F •.AIRPORT TERMINAL BUILDING • FAYETTEVILLE AR72701 479.718.7642 •. 479.718.7646 FAX.!www.accessfayetteville.org/govemment/aviation r or,in _. airport_economic_development@ci.faye8eville.ar.us :r . , . • FAYETTEVILLE EXECUTIVE AIRPORT BOARD MEETING November 17, 2011 MEMBERS PRESENT: Bob Nickle, Janice Stanesic, Rick Bailey, Mike Gibbs MEMBERS ABSENT: Josh Mahony, Tim McCarley MEMBERS ATTENDING BY SKYPE: Otto Loewer STAFF ATTENDING: Ray Boudreaux, James Nicholson, Louise Powers OTHERS ATTENDING: Charles Caldwell-tenant; Frank Sperandeo-tenant; Scott House-pilot UofA; Mike Bowman-Airport Tower; Mauro Campos-City Fire Department; Joel Walsh-NW Arkansas Times; David Floyd-Million Air; Wayne Jones-McClelland Engineers; Terry Gulley-Transportation Department City of Fayetteville; Rick McKinney-tenant ITEM #1 : Welcome. Chairman ITEM #2: Approval of the Airport Board Minutes of the October 13, 2011 meeting. A motion to approve the minutes was made by Rick Bailey and seconded by • Janice Stanesic. The motion carried. ITEM #3: Receiving of Reports. A. Director Boudreaux, Aviation Director. Reported the corporate hangar was still available to rent. The Airport was closed five days for the rejuvaseal and the painting on the runway and taxiways and he was happy with the results. He thanked everyone for their cooperation during the project. Work for the Security Project has begun, they are marking the utilities lines in preparation for digging the electric lines. Work continues for the Runway 16 Safety Area Project, the Arkansas Highway Department approved the transfer of the Right of Way to the State. The Wildlife Study Report is in and we are going over the report for our comments. It will be sent to the FAA for their approval, then a copy will be kept in our office. There were no surprises; it mentioned flocks of geese at the Tyson plant and at the Country Club. The Airport will continue to work to kept them off of the Airport's property. Reported he had attended the Arkansas Airport Operators Association (AAOA) Conference in held in Springdale and had been elected President for two years. Terry Gully, Tim McCarley, Josh Mahony, and Wayne Jones also attended. Jim Tucker, FedEx pilot, was a speaker and donated $2,000 of his $5,000 speaker fee back to AAOA to their scholarship fund. Three scholarships are awarded annually. Reported he, Terry Gulley, and Wayne Jones had attended the FAA Conference in Fort Worth, and that Terry was amazed at all the programs and changes the FAA was making for airports and the FAA was not providing a way to finance them. Reported Million Air's General Manager, MaryKathryn, had resigned to take another job. • B. Financial Coordinator James Nicholson, Budget Report. He gave a power point presetation of the charts in the agenda. Reported the flight operations were down 1 %2 %, 1 .I but the local general aviation had picked up and the military operations continue to • increase. Director Boudreaux said a lot depends on when their pilot school starts, it's about every three months and then we have a surge of operations for a while. The fuel sales are down 15'/: % from this time last year. Said Million Air's fuel prices are the highest of the local airports. Director Boudreaux said Million Air does offer a discounted price to our local tenants. Also, he had spoken with Jeff, Million Air's Operations Director from Houston, and they are trying to figure out the right thing to do with the operational margins; and said he was expecting a letter from Million Air asking for rent concession. C. Senior Secretary Louise Powers, T-Hangar Report. There are three vacant single engine size T-hangars available. One hangar was rented this last month. More tenants are leaving than we are getting new tenants coming in. Director Boudreaux said the Airport is not renting T-Hangars for storage anymore. D. Wayne Jones, McClelland Engineers, Construction Report. Said they would be contacting the Highway Department tomorrow about putting the highway signs in place. We hope to receive the State Aeronautics grant money in November for the pavement rehab project. The Security Project is ongoing and we hope to have some of the equipment available to show at the next Board Meeting. Notices will be sent out to the tenants when we are ready for them to start coming in to get their badges, all tenants will have to have a badge. The keypads will be in place until all badges are issued. If a tenant brings a guest to the airport, the tenant will have to stay with the guest. The badges will have R.F.I.D. and can be left in wallets, just have to bring them within 3 inches of the reader. Temporary badges can be issued for a certain time frame, in-and- • out on a particular day. This will provide additional security for the Airport. The NPDS General Permit from the State regarding the fuel farm discharge has to be updated every five to six years and McClelland Engineers will provide information for Ray and James to review. While at the FAA Conference we asked our Project Manager and his bosses for additional funds to use for the ramp rehabilitation project and got a negative response. During the AAOA Conference we were able to get our Project Manager Paul Bums, his boss Ed Agnew, AR -0K ADO Manager, and his boss Kelvin Solco, Southwest Region Division Manager to come to Drake Field Airport to see the completed Runway Safety Area Project, the rejuvaseal project, and the proposed ramp project for the 31 year old terminal ramp. Our Runway Safety Project was the FAA's first safety project for the year in Arkansas so they were interested in seeing the results. E. Museum Executive Director Warren Jones, Museum Report. Warren Jones was unable to attend and Director Boudreaux gave their report. The Norton Family wants to give the museum a plane that has an important place in the museum's history. It is the type of World War II trainer that was used for training at Drake Field, there were 40 planes based on the field. To take up as little room as possible, they stored them by standing them on their nose. Director Boudreaux said there will be a presentation at the Museum's Annual Board Meeting, December 11 , 2011 at 2:00 p.m. and urged everyone to become a museum member. Chairman Nickle suggested the media attend that meeting. ITEM #4: Old Business. • 2 • A. Discussion: State Application for Terminal Apron Grant. Discussion followed on how to proceed with the project. Deterioration is a factor if we wait to do the project, and if we go ahead, there is the problem of depleting the airport's funds. Costs will go up if wait to do the project. A State Aeronautics grant was suggested, and was told they do not usually award grants for that large an amount. If was suggested doing the ramp in three phases. The terminal is setting level with the ramp and that presents a problem with drainage; the height of the ramp can't be raised. It was suggested that Director Boudreaux visit the Rogers Airport and look at their ramp rehabilitation. It was decided a vote was not required, but to investigate further and get more information. ITEM #5: New Business. A. Request from Mark Frankum, SkyVenture to consider rent abatement for the period of time the airport was closed. Director Boudreaux explained this request was made at the last Airport Board Meeting and he had visited with Mark yesterday, and he didn't think it was a serious request from Mark. That Mark realized that closing the airport for repairs is a fact of life. Rent reduction was discussed, that it would have to be equal; you couldn't give it to one business and not do the same for other tenants. It was explained that SkyVenture had recently had a rent reduction for their hangar because of the re-financing of the loan on their hangar. Mr. Loewer suggested in the future to have it built into the leases there might be situations the airport might have to close. Chairman Nickle reminded the Board the FAA had required the new painted signage be in place by June 2012. Airport Board Consensus was to not give any rent abatement. • B. Discussion: T-Hangar rent. It was explained that in 2002 the Airport Board set a policy that they would review the T-Hangar rent every.two years in November. In 2008 the Board decided there would be no increase in the rent. The last time it was reviewed was two years ago and the Board decided to increase rent by half of what the formula would have raised the rent. Chairman Boudreaux recommended not raising the T-Hangar rent this November, saying everyone is having trouble meeting their obligations. He explained he had proposed to the City that he work 32 hours per week, therefore helping the Airport Budget, but no decision has been made. Answering Chairman Nickle, James said the 2012 submitted Budget did not have an increase built in for the T-Hangar rent, and the 2012 Budget has a $70,000 deficient. Renting the old school hangar and the corporate hangar would help the Airport's Budget. Director Boudreaux said he has a client looking at the old school hangar. A motion was made by Mike Gibbs to leave the rent where it is for one year and review the rent again next November. The motion was seconded by Janice Stanesic. Discussion followed. It was asked to make the no increase for two years. It was also suggested that next November to make no increase for another year. The Airport reviews its Budget every year. It was noted the Airport has three empty T-Hangars this month, last month there were no vacancies. The motion carried. • 3 C. AOPA Airport Support Network. Frank Sperandeo explained he is the AOPA • volunteer representative for Drake Field, and what he does is to monitor what goes on at the Airport to make it habitable. He spoke of how important airports are to cities. That . AOPA is pushing support of security systems on airports. Then he listed concerns he had, emphasizing some lights are out on Lancaster Drive, saying his thoughts were the Airport should have the lights all turned on to meet Airport Assurances 19.A., and 29.A. and 29.D. He said the operating layout plan showed the lights as part of the layout plan. Expressing his opinion, he thought the three accidents had happened that happened on Lancaster Drive was because some of the lights were out. He said he had called SWEPCO and the lights cost about $ 10 a month to operate; he hated for money to come between the airport and safety. Director Boudreaux explained the Airport is saving about $ 1 ,200 per month (in some places every other light is off), He also said he wasn't aware the lights as being a part of the Airport's Assurances, as they are outside the secured part of the Airport. Chairman Nickle said he would come down at night for a look at the lights and suggested the other Board Members do the same. Discussion followed touching on the real reasons there had been accidents on Lancaster Drive. The fence along Lancaster Drive was repaired by the insurance company of one driver that had an accident. It was mentioned the new security system will have lights at all security points. ITEM #6: Other Business. A. Items from the Public. Frank Sperandeo brought up several airport items he said needed attention. Director Boudreaux responded saying most of the items mentioned had already been fixed, adding the maintenance guys run the sweeper after every rain. It was • asked if movement lines could be painted on the T-Hangar ramp. Cost was discussed; having it painted versus the Airport buying small machine and paint and do the painting. Chairman Nickle said the public may have seen in the paper that the Airport is short- handed and did not get to replace staff, and is doing the best it can with the existing staff, and they do have priorities. Terry Gulley stated that if anyone had maintenance issues to copy them to him, saying these are not issues that need to come to the Board. B. Items from the Airport Board. None. MEETING ADJOURNED at 3:30 p.m. Otto Loewer, Secretary Date • 4 1� _ THE CITY OFFAYETTEVILLE, ARKANSAS a e evl le AVIATION DIVISION Y 4500 5 School Ave, Ste F Fayetteville, AR 72707 TARKANSAS P (479) 718-7642 DIRECTOR' S MONTHLY REPORT NOVEMBER 2011 FAYETTEVILLE EXECUTIVE AIRPORT, DRAKE FIELD December 5, 2011 • CORPORATE HANGAR AVAILABLE: The Corporate Hangar located on the Executive apron remains vacant. The 9,960 square foot building is excellent for corporate aviation or for an aviation related business. Formerly used by Million Air for aircraft storage, the building is located south of the Airport Terminal on the Executive Apron. For photos and more information view http://hangar.accessfayetteville.org. • AIRPORT ACTIVITY: Operations were down for the month compared to last month, but November is always a slow month and when compared to last year, we are up. In fact. The year over year number exceeds last year for the first time this year. With any luck, operations for the year will be more than last year for the first time in five years. Million Air had a good month holding at 15% below last year. The largest sale days were over football weekends and the day after Thanksgiving. • AIRPORT SECURITY IMPROVEMENT PROJECT FUNDED THROUGH ARKANSAS • AERONAUTICS COMMISSION GRANT PROGRAM: The Security Improvement Project is continuing with most of the trenching completed for the fiber optic network. The contractor is still planning to have the infrastructure complete by the end of the year • PAVEMENT REHABILITATION PROJECT FUNDED THROUGH FAA AIP GRANT: We brought the paint contractor back to repaint a few of the markings that had been tracked with uncured Rejuvaseal compound. The finished product looks great. • RUNWAY 16 SAFETY AREA IMPROVEMENT PROJECT FUNDED THROUGH FAA AIP GRANT: The Arkansas Highway Commission accepted the realigned Highway 71 and published a Minute Order reflecting the action. The County has received the release of the old Right of Way and the County Attorney is preparing action for the County Court to release the Right of Way to the City. Once .released, we will process the utility easements for action by the City Council. • WILDLIFE HAZARD ASSESSMENT: We have completed our review of the Draft report and forwarded , our comments to the contractor. They are in the process of publishing the final document. We will have one copy of the report in the office for anyone who wishes to review it. • T HANGARS FOR RENT: We have four hangars available—all small. We are still not leasing for storage as we believe that we will continue to see a lot of movement and don't want to be caught without a hangar to lease. • FORMER AATC HANGAR FOR LEASE: We have had some interest in the building from an Aviation Related business to lease the old hangar. We will need to do some work on the building should the deal come to fruition. We have some estimates to do the work for approximately $200,000.00. The work will remove the school modifications, repair and motorize the hangar doors, paint, carpet and • ceiling tiles for the office areas and general cleanup. The work would be eligible for a State Grant should the prospect sign an agreement to lease the building. The work would take about two months after we receive State and City Council approvals. I have told the prospect that the building could be i Telecommunications Deviceforthe Deaf , TDD (479) 521 7316 . .;� • - 1.131ilfffest Mountain - Fayetteville,-AR 72701 THE CITY OF FAYETTEVILLE, ARKANSAS ' ready by early summer if we get an agreement soon. • • LPV APPROACH FOR RUNWAY 16: I have spent a lot of time with the FAA working on the LPV approach for 16. Some ground will need to be graded as it is above the runway end elevation and thus negatively affects the GQS (Glidepath Qualification Surface). Although the new safety area is good, a small area just north and west of the runway end is still higher than the runway end. Dennis is qualified in Road Grader operation so will do the work. McClelland will survey the area that needs to be graded. • DRAKE FIELD ON FACEBOOK: Our Facebook presence continues to grow with James at the helm. We now have 187 friends that track the activities at Drake through the FB Website. Check us out and click "Like" at http://www.facebook.com/DrakeFieldAi[port . • ARKANSAS AIR MUSEUM: The EAA B-17 visited the airport and museum giving rides and tours. Some of the rides were cancelled due to high winds and their departure for North Little Rock was delayed due to low ceilings at destination. It was a good visit for the EAA and the Museum. The annual meeting of the Museum membership will be held on Sunday December 11 at 2:00 PM. We will present several new additions to the collection and invite all to attend and become members of the Museum. Discussions continue on a potential merger with the Ozark Military Museum. Res fully Submitted, Ray M. Boudreaux, Direct • • _'-.._.. , :Telecommunications Device for.the Deaf. TDD:(479) 521-..1316 og: i.t;•:+:E..i : ;.n -:..k1. 1 .t. • 113West Mountain - Fayetteville, AR02701: _: v i ,-* w + • aeevle ARKANSAS Airport Progress Report TO: Fayetteville Executive Airport Board THRU: Ray M. Boudreaux, Director FROM: James Nicholson, Financial Coordinator DATE: December 8, 2011 Tower rations Cumulative MONTH 2007 2008 2009 2010 2011 MONTH 2007 2008 2009 2010 2011 JAN 2,375 2,180 2,492 1,932 1,917 JAN 2,375 2,180 2,492 1,932 1,917 FEB 2,785 2,629 2,902 2,214 1,320 FEB 5,160 4,809 5,394 4,146 3,237 MAR 3,048 . 2,333 2,807 2,418 2,818 MAR 8,208 7,142 8,201 6,564 6,055 APR 3,176 2,747 2,629 2,775 2,254 APR 11,384 9,889 10,830 9,339 8,309 MAY 3,195 3,032 2,722 3,015 2,627 MAY 14,579 12,921 13,552 12,354 10,936 JUN 3,181 2,727 2,876 2,531 2,859 JUN 17,760 15,648 16,428 14,885 13,795 JUL 3,004 3,657 3,100 2,895 2,758 JUL 20,764 19,305 19,528 17,780 16,553 AUG 3689 3,358 1 2,868 2,5131 2,676 AUG 24,453 22,663 22,3961 20,293 19,229 SEP 3,288 3,559 3,577 2 684 3,503 SEP 27,741 26,222 25,973 22,977 22,732 OCT 3,797 3,3502,677 3,125 2,998 OCT 31,538 29,572 28,650 26,102 25,730 NOV 3,341 2,739 2,586 1,964 2,379 NOV 34,879 32,311 31,236 28,066 28,109 DEC 1,9231 2,015 1 1,8421 1,841 1 IDEC 1 36,8021 34,3261 33,0781 29.9071 1 [MonthN Avg 3,067 1 2,861 1 2,757 1 2,492 1 2,555 jAnnual C -23.40% -6.73% -3.64% -9.59%1 0.15% • operdun•12YufirampaAma -=1 -MID 2" Anralplbofn IanPorodalh 071141VEW MAram1[ 49A o l® r_OA7 3209 an 9a-U-in --' 29W _ ezam : ZM) 15X t® rvr rn W 0 W M a AIG 0OCT 1Dl 2071@ WM Z" MM U&M 2nVW aura 20OaW 200&10 aAp1i earn il fabd:Or kr AYrNl Opnebow Trends Aftrap0ppatha TmN . .,r 2rarxmElal)11 Mh rml -.,,.1r,.. -a..r 1r..xmblrrrlmnrwos _wv,... -:L am Imo � Imo � elms , em elm& mo " m7 _ en a a w • FBO Fuel Sales Cumulative MONTH 2007 2008 2009 2010 2011 MONTH 2007 2008 2009 2010 2011 JAN 41,704 41,058 36,062 35,528 35,936 JAN 41,704 41,058 36,062 35,528 35,936 FEB 39,663 50,320 43,497 35,466 20,909 FEB 81,367 91,378 79,559 70,994 56,845 MAR 51,271 39,089 46,608 41,809 37,333 MAR 132,638 130,467 126,167 112,803 94,178 APR 46,944 41,265 31,705 30,763 27,611 APR 179,582 171,732 157,872 143,566 121,789 MAY 43,650 37,587 33,136 31,018 26,206 MAY 223,232 209,319 191,008 174,584 147,995 JUN 37,852 30,837 28,218 27,216 31,677 JUN 261,084 240,156 219,226 201,80D 179,672 JUL 32,704 32,114 26,021 26,628 23,892 JUL 293,788 272,270 245,247 228,428 203,564 AUG 37,985 35,827 25,018 25,011 1 23,585 AUG 331,773 308,097 270,2651 253,439 227,149 SEP 50,706 47,059 39,025 39,845 31,879 SEP 382,479 355,156 309,290 293,284 259,028 OCT 50,939 52,329 44,578 48,581 29,676 OCT 433,418 407,485 353,868 341,865 288,704 NOV 43,371 1 37,892 30,469 33,718 32,603 NOV 476,789 445,377 384,337 375,583 321,307 DEC 29,033 30,143 28,732 24,470 DEC 505,822 475,520 413,069 400,053 Month Avg 1 42,152 1 39,627 1 34,422 1 33,338 1 29,210 jAnnual C -9.54% -5.99% -13.13% -3.15% -14.45% FSd SeW11�oob 0»IdcN -Ab11 -MID Am® FlB 4AIB aTAflvEYOAIIAYaa(i + 55 5m Sa+WAmlp AmmdtaNW= A ! 5D m ° ® ;a1 e• 6 vE�D mjmg mw 4 Z 11.® E o L e 2 m � - • A DEC AN FEB AM AFR MT AN AL AIG SP O01 IDI Mm Zma MID 2nil aN� IMbt DN•Ib Tn : FwlGbb1Olwblwr TTw T1 ; fW dJM9•Ie•b W FRIYuell 1r�wY,Y,l alYwhiaw •.• 18 YpN NYbT. I YOM FM1� -I�KAPOi Ntl0..tifP•asa a .•KI•✓.O,••W M1F6•Y� ' I • m 25 m zo 115 ' • 2D E 10 f Iw 1 5 0 0 y*yl} f: +' +' dldd JP/f♦} Ii It Odd dJl s* 0opq' A t' ov cp oo to Y` r�' rr v° A2P ,/'�' A� 2011 Cumub Ive Avg Fuel Saba by PomwdotTypa Fuel gab by KIM 0 2011 w hM nrewartT. ®C.Ef. 111M b.N1 b 9 m • IYBNHl10.LL 6pl{ 10 BN®10Y�TlY 1 en®.Fr, at.n Jw ADD wn ruw wr Jug u AM ® ocr 1oJ ca Local Fuel Prices : Fuel prices within 50 miles of FYV as of 12/7/2011 Ident FBO Name Jet FS 10OLL FS 10OLL SS 91 MoGas A $ Jet A $ toot. e5 tooss TOH City of Tahlequah both selfsery 4.99 4.99 NC NC SLG City of Siloam Springs 5.17 5.19 4.69 NC NC NC VBT Summit Aviation 5.85 5.80 5.50 NC NC 0.10 FSM TAC Air 5.86 6.04 5.54 0.19 NC NC ASG Pinnacle Air Services 5.95 5.85 5.35 NC NC NC XNA Regional Jet Center 6.04 6.19 NC NC ROG Beaver Lake Aviation 6.04 6.07 NC NC FYV Million Air Fayetteville / Ci SS 6.44 6.44 5.75 4,001 NC NC NC Fuel Prices : National December 2011 Aviation Fuel Current US Fuel Prices Current Fuel Prices & Averages by Region Norihwosl kbunlain No Fen Greol Lakes as . ffs mime Easlam. 4�� ©©lea - Central. _ '✓/': § . calm�e 5 . 9 a l v slomiPuuhc° galas < � Kim Southom Southwest ©®l©e c $ 5 , 3 - aloe Alaska DIED O • Sayeevl le APKANSAS • FAYETTEVILLE EXECUTIVE AIRPORT OPERATING SUMMARY MONTH ENDING 11/30/2011 AIRPORT BOARD OPERATING ACTIVITIES 2009 2010 2010 2011 2011 2011 Actual Budget Actual Budget Budget YTD Actual YTD REVENUE Rents 8 Leases 468,030 468,078 448,383 452,900 415.158 406,886 Aviation Fuel 126,022 124,839 128,208 117,900 108,075 107,877 Contract FBO 107.449 107,749 110,764 106,944 98,032 74,903 Miscellaneous 5,328 5,000 14,745 7,100 6,508 11,659 INCOME RECEIVED FROM OPERATING ACTIVITIES 706.829 705.666 702,100 684,844 627,774 601,326 EXPENSES Personnel 324,943 383,193 315.079 325.949 293.388 290,626 Materials 8 Supplies 12,469 15.470 12.335 17,741 16,263 11,452 Aviation Fuel Purchases 69.915 77,626 76.631 75.810 69.493 75,795 Services 8 Charges 155,394 188.568 185.161 234.128 214,617 178.842 Cost Allocation to General 7und 8.830 7,915 7,915 7,915 7,255 7,256 Maintenance 54,565 54,881 36.335 55.123 50,529 41,777 Interest on West GA Hangers Loan (accrued) 32,667 30,334 30.333 16.800 15.400 12,943 INCOME USED FOR OPERATING ACTIVITIES 658.782 757,987 663,791 733,466 666,945 618.692 NET INCOME FROM OPERATING ACTIVITIES -GAIN I (LOSS) 48,048 (52,321) 38,309 (48,622) (39,172) (17,367) INVESTING ACT"#TIES 2009 2010 2010 2011 2011 2011 Actual Budget Actual Budget Budget YTD Actual YTD NOWOPERATING INCOME Sales Tex Revenue 642 . 27,619 27,110 24,200 22.183 23.828 - Intereslonlnvestments 22,111 21,500 17,595 12,000 11,000 7.417 Other - Gain (Was) on sale of assets 350,870 - 1,786 - - - CAPITAL IMPROVEMENTS EXPENSE 07039 AIP 036 Correct Runway 16 Safety Area Deficiency 23,611 - - - - 07039 AIP 437 Correct Runway 16 Safety Area Deficiency Phase 11 161,037 7,429 6,907 - - 08074 Airport HVAC Improvements (Terminal) 119,051 - - - 07039 AIP 038 Correct Runway 16 Safety Area Deficiency Phase III 671,772 2,791.555 2,772,052 491,901 391,775 • 09021 Hangar Fire - disposition of insurance proceeds 13,209 - - - - Minor Equipment - Portable lighting Rig 3,878 10022 Wildlife Haxani Assessment 58,109 24,904 33,205 29,055 10028 Airport Fuel Farm Repair 19,928 20,119 - (512) 11017 Airport Security Improvements 179,788 37,878 11019 Airporl Stormwater Protection Plan Update 2,500 - 11023Pavement Rehab BRe-Marling 252,102 241,525 USED FOR INVESTING ACTIVITIES 618,735 2,827,902 2.777,490 923,296 668,473 FINANCING ACTIVITIES 2009 2010 2010 2011 2011 2011 Actual Budget Actual Budget Budget YTD Actual YTD LOANS Payments on Loan Principal (accrued) 46,667 46,667 46,667 37,334 34,223 26,736 Ona-time Paydown on Hanger Loan 305,626 GRANTS STATE / FEDERAL - DUMReceived from State Gran on Fed Projects 10,098 193,565 - 206,154 211,082 Due'Recelved from AIP 036 Correct RW 16 RSA $7,297. - - - DueJReceived from AIP 037 Correct RW 16 RSA Phase 11 69,993 - - - Received from FEMA Replace Airport Fence - 2008 Flood Damage 8,050 - - - Due/Received from Airport HVAC Improvements - Slate Grant 102,000 - - - DuelReceived from AIP 038 Coned RW 16 RSA Phase 111 716,861 2,651,977 2,633.449 272.238 372.186 DuelRaceivW from AIP 039 Wildlife Hazard Assessment - 58,197 23,741 31,463 27,602 Due/lImeived train Dept Aero - Fuel Farm Repair - 17,935 19,027 - - Due/Receive i from Dept Aero - Airport Security Improvements 144,000 30,302 Due/Recelved from AIP 040 Pavement Rehab 8 Remarking 239,497 218,605 NET INCOME FROM FINANCING ACTNRIES 917,632 2,875,007 2,629,550 856,018 527,416 AIRPORT CASH BALANCE 914,566 908,504 804,936 689,036 646,511 CURRENT ENCUMBRANCES (CAPITAL) MCE TASK ORDER 01 - Engineering AIP038 30,109 30,109 - SweetsoConsiuctionlnc. - Construction AIP038 461,792 461,792 - Loormacres -Wildlife Assessment AIP 039 33,205 33,205 4,150 MCE TASK ORDER 02 - Design Security Improv 12,900 5,115 MCE TASK ORDER 05 - SWPP/SPCC Plans 2,500 2,500 MCE TASK ORDER 06 - Pavement Rehab / Re-marking 10,500 Alarmtec Systems - Security Improvements 136,795 Time Striping - Pavement Rehab AIP 040 - LONG TERM LIABILITIES Hanger Loan Principal 538,819 517,040 227,639 APPROVED GRANTS (Not yet accrued) - CAPITAL PROJECTS Slate Grants an Federal Projects (193,565) (206,154) - RW 16 Phase 111 (272,238) (272,238) - WildlifeHazerdAssessment (31.463) (31,463) (3,861) SHAG - Security Improvements (144,000) (113.698) Pavement Rehab B Re-madung (239,497) (20,892) AIRPORT CASH MINUS LIABILITIES 238,277 524,841 @YE 398,263 .. • LEASE DATA SHEET TENANT: South Delta Aviation, Inc. Darryl Riddell, President ADDRESS : P.O. Box 2637 West Helena, AR 72390 PHONE: 870-572-9011 (0) EMAIL: driddell@suddenlinkmail.com PROPERTY LEASED: Former School Hangar ( I7,000SF) USE OF PROPERTY: Aircraft sales and maintenance BEGINNING DATE: June 1 , 2012 TERM OF LEASE: 2 Years prime term OPTION TO EXTEND: 1/2 Year Option . • RENTAL FEES: $3,000.00/Month Increases every two years by formula SPECIAL CONSIDERATIONS: Lease contingent on building improvements including: pemoval-of-school-classrooms Hangar Door repair and motorize Insulation repair Carpet/paint/ceiling repair General-cleaning ARKANSAS AERONAUTICS GRANT: Grant funding is available 80/20 Project estimate $200,000.00 RECOMMENDATION: Approval