REPORT TO THE CITY COUNCIL
February 28, 2019
FROM: KEVIN R. MEIKLE, Director of Aviation
Airports Department
SUBJECT
Title
***RESOLUTION - 547th amendment to the Master Fee Schedule (MFS) Resolution No. 80-420 to add, adjust, revise or delete various fees for the Airports Department (Subject to Mayor's Veto) (Council District 4)
Body
RECOMMENDATION
Staff recommends Council approve Resolution 80-420 adopting the 547th Amendment to the Master Fee Schedule Resolution to add, adjust, revise or delete various fees for the Airports Department (Airports), to become effective on July 1, 2019.
EXECUTIVE SUMMARY
The requested Resolution is necessary to move forward with the planned parking and terminal expansion program at Fresno Yosemite International Airport (FAT), branded FATforward. The proposed Master Fee Schedule (MFS) changes will provide additional revenue necessary to support the debt service and Operation and Maintenance (O&M) costs associated with FATforward.
FATforward is a 4-year FAT infrastructure investment necessary to accommodate current and future growth and to maintain the high levels of service expected by passengers. This initiative represents approximately 1,220 direct, induced and indirect jobs and $182 million in economic activity.
The California State Infrastructure Bank (IBank) approved the Airports $35 million parking infrastructure loan request at their February 27, 2019, board meeting. It is anticipated that the IBank will make loan documents available for execution in early May 2019. The timing of this action is coordinated with the IBank so available funds can be utilized at a favorable annual interest rate of 3.15% prior to expiring in May 2019.
BACKGROUND
The recently completed FAT Master Plan Update recommended a number of short-term capacity enhancements, including a 3-level parking structure and related ground transportation improvements and a Terminal expansion.
The additional parking and ground transportation ...
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