REPORT TO THE CITY COUNCIL
FROM: HENRY THOMPSON, Director of Aviation
Airports Department
BY: Mary Boyajian, Airports Business Manager
Airports Department
SUBJECT
Title
Approve a consultant services agreement with Unison Consulting, Inc., to provide professional services for Financial Feasibility Report for bond financing of the Fresno Yosemite International Airport Terminal Expansion not to exceed $200,000. (Council District 4)
Body
RECOMMENDATION
Staff recommends approval of a consultant services agreement with Unison Consulting, Inc., (Unison) not to exceed the amount of $200,000 for professional services in support of a Financial Feasibility Report for bond financing of the Fresno Yosemite International Airport Terminal Expansion (FAT), and to authorize the City Manager, or designee, to execute the agreement on behalf of the City.
EXECUTIVE SUMMARY
Unison Consulting, Inc. (Unison), in association with DWU Consulting (DWU), and together referred to as “the Unison team,” will prepare a financial feasibility report in support of a bond financing planned by Fresno Yosemite International Airport (FAT).
Background
The Airport issued an RFQ for Financial Planning Services back in 2018. There were a number of tasks identified in that RFQ which included the financial feasibility study required for the terminal expansion bond issuance. Unison is a consulting company that responded to and was chosen as part of a Request for Qualifications (RFQ) completed in 2018 (the results were good for 5 years).
The Unison team has provided a scope of work for this feasibility study and a proposed budget to complete the work. As part of this agreement the Unison team will collect, organize and analyze available information. They will Identify funding sources for the Capital Program, Evaluate the Air service area and its economic base, prepare air traffic forecasts and develop financial model and perform financial analysis. This will result in the preparation of a final report to be included in the Preliminary Official Statement and the Final Official Statement for the bond financing of the Terminal Expansion Project.
Unison is very familiar with FAT operations and industry standards. They have assisted other airports in creating similar document(s).
The agreement utilizes Standard Document #ALL-S 3.1, which is pre-approved as to form by the City Attorney's Office and used without modification as certified by Airports staff.
ENVIRONMENTAL FINDINGS
This is not a "project" for the purpose of CEQA pursuant to CEQA Guidelines Section 15378.
LOCAL PREFERENCE
Local preference is not applicable to this Project pursuant to Fresno Municipal Code 4-109(b).
FISCAL IMPACT
FAT is the largest driver in economic activity in the Central San Joaquin Valley generating $928 million in annual economic activity and creating 10,769 direct, induced, and indirect jobs (2019 data). There is no impact to the General Fund or to the ratepayers of the City of Fresno from this action.
Attachment:
- Consultant Services Agreement