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Home My WebLink Aboutbocc.res.315.1996 __ _._�.��..,..,,,..,..,,� -:'��:` ��. , ,.. � . .. .^ :s�,a;ti, �`� •� 1`�-.,:`;; �� `5..- r�.�. -.,;,.. A RESOLUTION OF THE BOARD OF � `� ��•. COt1NTY COMMlSSIONERS OF PITKIN COUNTY, COLORADO, � SETTING INITIAL AIRPORT FEES AND CHARGES FOR 1997 Resolution # 96-,�jij� . �i. RECITALS . J' ' 1. Pitkin County("County")owns,operates and sponsors tfie Aspen/Pitkin County Airport S"Airport"). ''- �� ;'.' 2. The County has authority to set,charge,collect and enforce rents,fees, � and charges for the occupancy and use of the Airport, pursuant to, inter alia, °•T ` Sections 41-4-101 et seq., 30-11-i07, 30-15-401 and 30-35-201 and 202, 7973 C.R.S.,as amended, the Pitkin County Home Rule Charter, as amended, and the _ • Pitkin County Code, Title IV, Airport Regulations, as amended. . 3. The Airport financial and rate-setting policies are set out in Resolution #87-56A. The County's annual Airport rate-setting process is set out in Exhibit"4" (copy attached) to the Lease and Use Permits for airlines. 4. The long-term, historical contractual relationship between the County � and United Express("UEX"1 is set out in the Letter of Intent dated October 9, 1989, with UEX that, along with the provisions of a holdover Use and Lease Agreement, � dated September 14, 1981, not inconsistent with the Letter ot Intent, do and have �;. . constituted the legally-enforceable relationship between the County and UEX since 1989. The Letter of Intent sets out certain further provisions of the AirportlAirline � rete setting process. 5. The current County/UEX ralationship provides for UEX to pay rent,fees , and charges on a "residual basis." Historically, the County entered into residua!- type relationships with airlines,such as UEX and Continental Express,that provided year-around service to the Airport with multiple daily flights and that had a . " substantiafly saiisfactory landford/tenant relationship with the County for a number of years. : 6. Since the departure of Continentai Express from the Airport late in 1994, the Airport has received requests from other FAA-certificated airlines to • provide scheduled commerciai airline service to the Airport. ln response to,inter alia, the differing periods of service proposed, the County created the Airline-related � Policies, Procedures and Standards which are attached hereto as Exhibit "A." 7. The Airline-related Policies, Procedures and Standards create the following three classifications of airlines and establish differeni rate-setting procedures for these classifications: "Signatory Airiine," "Pre-Signatory Airline" and "5easonal Airline." 8. The County has proposed and anticipates executing a Lease and Use ' • Agreement with United Express as a Signatory Airiine for 1997. 9. On November 6, 1996,the County approved Lease and Use Agreements with two Pre-Signatory Airlines for 1997, Mountain Air Express and Aspen Mountain Air. 10. No Seaso�al Airlines have yet requested service to the Airport for 1997. ��•_ I � � _..�_._. ..-- i _ . ._. ._ . _. . _ _.._ _ ___- --- �'z-� i ` �, � • t q �;�� . -'; , ,, ,. . , ^ � . . , �. . . ,,. yli �!. ��. 11. The proposed Signatory Airline lease provides that in December ot each �{� year,the County wifl adopt its budget after affording the opportunity for airline input, and wi(f set airiine rates and charges eftective January 7 of the fotiowing year, subject to an adjustment in July so that the Airport breaks even on an "airport residua! basis." 12. An "airport residuai basis," as described in the proposed Signatory Airline lease, provides that rents,tees, and charges for Signatory Airfines are to "be calculated on a residual basis ... annuafly to produce or to recover the greater of: the annual coverage of 2.0 times debt service costs; or the sum ot the tollowing net costs of the airport:" "a. net operating expenses ... b. net non-operating revenue/expense ,.. � c. debt service costs ... ' d. capital outlays approved ..". 13. Signatory Airline rents were originatly established contractually in 1987 and increased annually by the increase in the US Consumer Price Index. For 1997 this would result in an increase to approximately S35 per square foot. However, with three airlines under contract to rent space for a fu(I year and UEX renting new, outside covered space at $10 per square foot, a reduction in Signatory and Pre- Signatory airline rent to S30 per square foot is possible for 7 997 while still generating aggregate airline rental income of$607,510. Seasonal Airfine preferential space rents of S45 per square foot are required in order to recover the Airport's#ixed • annuat costs incurred regardless of the period of occupancy and seasonal costs that relate directly to occupancy during high season. 74. Airline landing fees are set pursuant to the "airport residual basis" set out above and the attached Airline-related Policies,Procedures and Standards. Based on the 1997 airport budget and 5-year capital improvement plan, as summarized in Exhibit "B", initial airline landing fees fo� 1997 of $.44 (per thousand pounds) for , Signatory Airlines, $.54 for Pre-Signatory Airlines, and 51.30 for Seasonal Airlines are required in order to produce revenue of 5178,243 based on estimated total ; landed weights for 1997. ! 15. Effective February 1, 1996, the County imposed a general aviation landing fee of $i.35 per thousand pounds to fund a Noise Analysis Program and a , reduction in the fuel flowage fee to 50.10 per gallon, and the Board of County Commissioners (the "Board") has determined that it is necessary and desirable to continue these fees and program through 1997. i 16. Some projects in the approved capital improvement plan have been delayed beyond the initiaf schedule;howeve�,the Airport has proceeded in good faith to complete the projects as expeditiously and economically as possible as discussed in Exhibit "C". 17. Comparable rates and charges at other airports are listed in Exhibit"D". 18. The airlines have been given the dpportunity to comment on the Airline- refated Policies, Procedures and Standards,the proposed rent and landing fees, and , the Airport's budget and updated capital improvement plan. The 1997 budget and capital improvement plan for the Airport was reviewed in pub(ic session on November 12, 1996, first reading was held thereon on december 4, 1996, and a public hearing was held thereon on December 18, 1996, with final adoption on the same date. " � . '�:�;.... . � � 4 � . a � >'.ji; �-, . . -'� n.; ?:� . ' , . , . ' 'e'��r?, ti:,, ..�`, , , A.'.<��: . . �,� _t..; ...; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSl�NERS OF PITKIN COUNTY, COLORADO, THAT: ! �`ti 1. The County's Airline-related Policies, Procedures and Standards �'`�•' '_.,-� (including the definitions of"Signatory Airline,""Pre-Signatory Airline"and"Seasonal ' Airline") are hereby adopted and incorporated herein as Exfiibit "A". 2. The terminal rent for exclusive, preferential, and shared-space for Signatory and Pre-Signatory Airlines for 1997 shall be $30 per square foot and shall �j�`.%� be allocated among the airlines as shown in Exhibit "E." The termina! rent tor outside, covered exclusive space for 1997 shall be St0 per square foot. The � r � terminal rent tor preferential space for Seasonal Airlines for 1997 shall be S45 per square foot. Seasonal Airlines shall pay shared-space rent according to the same ; . al(ocation formula as shown in Exhibit "E" except that in lieu of the 20% of shared ! . space rent to be split equally between the airlines,Seasonal Airlines shall pay a "per- turn" fee of 575 per aircraft departure but not to exceed one-quarter of the 20% shared-space rent per month. Such Seasonal Airline "per-turn" fees shall be deducted from the 20% shared space monthly rent before splitting this rent equally between the other {Signatory and Pre-Signatory) airlines. 3. The landing fees contained in Section 4-i of Article 4 ot the Pitkin �. County Airport Regulations,Title IV, Pitkin County Code (and the Airport's schedule of rates,fees and charges for lessees,licensees and permittees►,shall be and hereby i � are amended to read in part as follows: "4-1 There is hereby imposed on, and shall be paid by, all scheduled ` FAR Part 121 air carriers and scheduled FAR Part 135 Iair taxi and/or commuter) operators authorized to serve Pitkin County and using the airport, a rate or charge on all arrivals of aircreft, from which such carrier or operator shall derive revenue, equal to the following amounts �•�" . per one thousand (1,OOOj pounds of maximum allowable gross landing weight: 5.44 for Signatory Airlines, $.54 for Pre-Signatory Airlines,and 51.30 for Seasonal Airlines;and in addition there is hereby imposed on, and shall be paid by, all nornscheduled FAR Part 135 (air taxi, charter, and/or commuter) operators and all FAR Part 91 operators (but excluding operators of year-rou�d locally based aircraft with maximum . gross landing weights of 72,500 pounds or less) using the airport, a rate or charge on all arrivats of aircraft equal to one daltar and thirty- five cents (51.35) per one thousand (1,000) pounds of maximum allowable gross landing weight;" 4. The fuel flowage fee collected by ABO on behalf of the County is hereby continued at 5.10 per gailon. 5. The airline rent and landing fees for scheduled FAR Part 121 air carriers • and scheduled FAR Part '135 operators established herein shall be effective on and • after January i, 1997. The landing fee for non-scheduled FAR Part 135 operators and FAR Part 97 operators and the fuel flowage fee were effective initia(fy on February 1, 1996 and shall be continued until changed by future resolution of the Board. 6. The rates, fees, and charges herein estab(ished are determined and declared by this Board to be in compliance with its rate-making policy as adopted in �`-_ . . :�. � i,: - . ^ , . � ., . , €�= ,,� _...._� ��: __..>;p .. _._ ` � ��v��:l'+.�, J,, :Y''�i'•' ��i,:�i : , Resolution#87-56A and its Airline-refated Policies,Procedures and Standard adopted �„�'';�?'t4•, in this Resolution. �; �� 7. The rates, fees, and charges herein established are found to be in ;�_ '.> compliance with the County's obligations underthe Lease and Use Permits executed ?;; with the airlines. :.•`�.� � - . '+. . 8. The provisions of this Resolution shall be severable and if any portion(s) - � or provision(s) of this Resolution shaU be deciared invalid or unentorceable, such a �� declaration sha41 not render any of the othe� portionls? or provision(s) invalid or unenforceab(e and all remaining portions or provisions of this Resolution shall be "`��:.�:. given full force and effect. � 9. This Resolution shalt be available for public inspeotion during normal ; �R business hours in ti�e office of the Director of Aviation,As en-Pitkin County Airport. � ��' p F,..', .. - INTRODUCED, FIRST READ, AND SET FOR PUBLiC HEARING ON THE 4TH ��' � DAY OF DECEMBER, 1996. NOTICE OF PUBLIC HEARING PUBLISHED IN THE ASPEN TIMES ON THE DE 6 �.~' 14TH DAY OF CEM ER, 1996. �, t ,; APPROVED AND ADOPTED UPON SECOND READING AND AFTER PUBLlC �E,.- HEARING ON THE 18i"N DAY OF DECEMBER, 7 996. �yl , PUBLISHED AFTER ADOPTION IN THE ASPEN TIMES ON THE 28TN DAY � � OF DECEMBER, 7996. i ATTEST: BOARD OFCOUNTY COMMISSIONERS OF PITKIN COUNTY, COLORADO r.,�^rf"�� 0 ��3'l.(.�/ By: c:✓'--�•�.-.--y—'— ^'� �,�Jea ette Jones J es R. True, Chairman "��. ' •�,"'"Deputy Clerk & Recorder �� i 1�-3i—�c� � I APPROVED AS TO FORM: , j �=�J--�_ __.___ John��J.y/- ; County Attorney �, RECOMMENDED FOR APPROVAL: MANAGER APPROVAL: � �� - s� � r��--� : . Tom Oken Suz ne Ko chan • Administrative Services Dir. Cou y Manager �: i , 4 - � � _. __._. _ _ _ r i {,,.�::� � � ' � ^ . � -:. ` i, • � `1�;` .. . . . . .�;'. . >,� �"�a,`�..�. ��.:?;`';'��, �.� _ .. .._. � � ,. . ., (Exhibit.04)• � o.,�`�. (Issued 12/1/95) ��"��,. EXF3IBIT " 4 " . , ��';,'" rL'r�:hi�'i:'! Aepen/Pitkin County Airport ��.:�`F:!+. Lease and Use Permit � '=� `f� ,.. Non-Signatory Airline : .r 'L. ANNUAL AZRLINE RATE-MAKING PROCESS: . � . , .�, 1. Budget and rate-making schedule: Generally, the County adheres to the following Airport rate-making cycle, but reserves the right to act when and as circumstances warrant: a. In November of each year, the County consults with Y. ' Signatory Airlines on operating budget projections for the following year and an updated Capital Improvement Plan (CIP) . : . � The County will, as part of that consultation process, also provide information to Non-Signatory Airlines and solicit � j input from them. r b. In December of each year, the County adopts its budget, with input fram all Airlines, and sets Airline rates and charges effective January 1 of the following year. �. . c. In Sune of each year, the County may consult with the � Signatory Airlines on updated Airport budget projections and CIP progress for the current year, actual audited results from the prior year and any proposed charges to the CIP. Any , deficit from a residual break-even point maybe collected � through a rate increase set in July. €� 2. Annualized Rates: The County reserves the right to impose some form of "annualization adjustment" to its rates for Non- Signatory Airlines, such as differential landing Eees. Such an � adjustment is intended to recover costs directTy related to Non- , Signatory Airlines including, without limitation: the accrual of t fixed costs over the Airport's entire annual budget period; the differential Airport costs between high-season operations and low- � season operations; and the "start-up" and "wind-down" costs asso- ciated with periodic operations. 3. Compensatory Rates: The County reserves the right to change i its rate-making structure, currently a "modified residual" struc- • ture, to some other structure including, without limitation, a "compensatory" structure. • � COPY OF THIS EXHIBIT RECEIVED BY LLP: � '..� BY= � - (Title) (Date) � � I a�rport\sigais\ex.no4 � . . � . . . . . _ .. ... ��. .. Y:$•,�LIliq.��. ' r �! �� y ; '.. � '1.'. / `.�� "_ . . � . . . � � . .ki:', - � � , ,u;7 ,u;�:. . .. . n J.I� • ,,i�' Y�l.�. .J.� . EXHIBIT"A„ .'��'S.��' ��; ASPEN/PfTKIN CO INTY A(RPORT ; �� AfBL1NE-R AT DPOLI I S PRnrFD RF„$ANDSTANDARDS ,.�;�� A. INTRODUC'CION. Pitkin County,Colorado,thraugh its Board of County Commissioners("BOCC"},as sponsor of the Aspen/Pitkin County Airport,acknowledges its obligations,pursuant to federat starutes and Federal Aviation Administration(FAA)Grant Aereements,to provide access to and use of the Airline Terminal and related facilities at rates 1:�'t� and on ternts and conditions that are fair,reasonable and not anjnsdy discriminatory. '..� ` � However.the 80CC also asseRS its riehts.as owner and operator oF the Airport,to regulate the „ access to and use of sach ground facilities in order to bring about an orderly alfocation of ' nvailable areas and the most efficient use of limited space and,pursuant to such rights,hereby i establishes certain policies concerning access to and use of the Airline Tenninal and related { j facilities. € t In esrnblishine these policies.die Airport is attempting to: manaoe the Airport in a prude+it or Uusinesslike manner, comply�vith its obli;ations«nder federai and state taw:and recognize the riglits of al!ioterested parties. � � The County reserves the rigltt to alter or amend these poticies as part of its semi-annual rate- � � making and review process in its sole discretion,subject o�tly to federal law and existina agreemenu. B. DEFR\'ITIONS. T7ie following definitions shall apply herein: L "Signarory Airline." A CertificaYed Scheduled Aitline that: . �� a. Hus e�itered ii�to a written Lease and Use Aoreement for a term of at least one year;and � b. Agrees to pay rates and charges on a"residuaP'basis;and , � " f c. Undertakes to provide and does provide scheduled service of a least one fligl�t ? daily on a year-around basis;and I I d. Has been a satisfactory tenaat(e.g.,no arcearages or defaults)for at least one year;and � ; e. Agrees to enter into good-faith negotiations with other airlines to provide , "iiandling"services,if requested by the Airport. 2. "Pre-Signatory Airline". A Certificated Scheduled Airline that: a. Undertakes to provide and does provide scheduled service of a least one flig6t daily on a yeaz-around basis;and . ' -- ' I ... ............... .. __. . ... . i . . .. . . . . . . . . . . . .. . ,. �. . /^ .. .. .. ; . . . 4 .. .. . .. .. �`� . . / --. � �I. � 1 � , . �i'Y�` . ... . . . , . �. ♦ �a.%. `u_�,;. :.,, " � ��.. r� E , �.� h� ' b. intends to otherwise qualify for Signatory status,as provided herein;and §-•'„#''°�`4'. c. Has entered into a written Lease and Use Agreemenc for a term of at least one � year. i, 3. "Seasonal Airline"is an Airline that does not qualify(or that fai(s to qualify)as a , '. Signatory or Pre-Signatory Airline. ' �: 4. Other words and terms used herein are to be defined and interpreted according to the �`' ��-r`. ` followine priority: �:" ;: " !..'.:Y..�'- a. As defined by the FAA,tf�rough its enabiing legislation and Federal Aviation Regulations(FARS). I.. �' � h. As defined by Colorado reai estate statutes,case!aw and rules and regulations � ` (including,without limitation,those adopted by the Colorado Rea1 Estate Commission). � c. As defined by common osaee in the aviation industp�,from the point-of-view of u public airport. � C. AIRLINE TERMINAL ACC�SS AND SPACE ALLOCATION POLICY. It is the �' policy of the BOCC to provide access to the Airline Termina!and Facilities and to allocate such • spaces and facilities amone Airlines on a modified"first-come-first-served"basis,recognizing �� . the estreme seasona!naiure of Airport traffic. ' Pr c i . Airport staff shall establish deadlines reasonabiy in advance of the high-traffic winter and su+nmer seasons by�vhich Airlines new to the airport are required to submit a formal apptication for access(inctuding a non-refundable appfication fee)in a form established by the �• Airport setting out the details of their proposed operation. The Airport shall thereafrer allocate �` space between and among such new Airlines.Pre-Signatory and Seasonal Airlines according to ��, ' the following priorities: a. Number of passengers served(historicaf/projected/contracted). b. Duration(seasonal,year-around)and frequency(daily,otheo-than-daily)of proposed service on an annual basis. c. Amoundtype of space/equipment/facilities needed;method of providing ticketing,customer service,baggage hat�dling,ground serviees. d. Type/size of aircraft to be used. e. Status and seniority of Airline and length of Agreement term(less than year, • , full-year,multi-year). f. Coordination with scUedules with other Airlines. � g. Inter-Airline agreements(handling,code-shazing). i ` 1 i - i � z ' � __ _ _ . _ �:� . . � 1 . Y � � ' ' :,�:!'` � � � rCF-.. � �, ,.: ":�,. ,.,. ' , _ . . �. _ . ...�.... �"�"r`�,. i��`��, �r;�„;`;,ti�,: • D. ALRLINE LEASIIVG POLICY. It is the policy of the BOCC to provide access �;�` ��`�'�'" through leases that meet the legitimate operational and business needs of the Airport. In � �" addition to the obligations recited above,the BOCC acknowledges iu obligations to �- �., operate the Airport in a manner to make it as self-sustaining as possible,and to establish ~; rates and charges on an appropriate basis. t'',:._{, . { . Procedure. Once an Airline has quali£ed for access,the Director of Aviation will i"C: cateeorize the Airlines as Signatory,Pre-Signatory or Seasonal,whiclt categories have various legal,financial and operational rights and obliga[ions,as foflows ��-%.'z j �:; .. : I. Designation of Esclusive Useand Preferential Use Areas. r�_�.-�' i .- ;.; : a. Signatory Airlines shall be entided to lease all or part of their Premises l' ;r . as"Exclusive Use Areas." Such areas,while still subject to re-allocation to �.''� . od�er Airline(pursuant to the Airport's obtigation ta provide access to aH �"` qualified Airlines and reserved rights to do so in the Signatory Lease and Use � " Agreement)are of a lower priority than Preferential Use Areas to be re- ��< allocated. ; l: b. Pre-Signatory Airlines shall be required to lease all of their Premises as �.'' "i'referential Use Areas;'�vhich are subject to re-allocation to other Airlines by %'� the Airport accordine to standards and procedures se out in an exhibit to their respective Lease and Use Agreements. c. Seasonal Airlines shail be required to lease all of their Premises as 7 "Preferential Use Areas:' 2. Airline rates and charges. `;� a. Signatory Airlines pay the rent established by the Airport attd Ianding „'1 - fees on a residual basis. f b. Pre-Signatory Airlines pay the rent established by tfie Airpor[and landing fees increased by an amount 6ased on tlie administrative/legal und �� operations costs associated widt the commencement and expiration/termination of Lease and Use Agreements. c, Seasonal Airlines pay the rent established by the Airport and landing fees increased by an amount based on: the administrative/legal and operations ii' costs associated with the commencement and espiration/termination of Lease � and Use Agreements;fixed annual costs incurred regazdless of the petiod of � ! occupancy;and seasonal costs incurred that relate directly to the occupancy of { i that season. ; • �., i �Y. � �. 1 I. 1 ' 3 __ _.._ . .. _ _ r _ _ _ _ ..... . . � � t -.. . � . " :;��, , ' .��.-. �;r _.___ -----�-�.._.�.___ +r`�<_. ,r ;o v;.<,r.. .. .. � _ _ . ,. � .., . . . � . ,. .. _ .. - ^ . Y.��t•'. :.��`C-0F::.. � T�,�r#c::ys•, 3. Performance Guarantees and Security De�. .- �4-' ,,. a. Signatoty Airlines,if they have been satisfactory tenants for at least ' <' three(3)years,may have security deposits and performance guarantees waived ''�� by the Airport,subject to Airport`s right to re-institute deposits and/or , - ..J, guarantees in the event of a future non-performance default ' • b. Pre-Signatory Airfines shall provide a cash security deposit and a ' erformance uarantee �rrevocable letter of credi[ of at least 3 months'ren � P S (� ) � r:: landing fees and PFCs,as adjusted for the high season,plus a reserve for i: :� collection costs. If Airline performs satisfactorily,the amount may be reduced !;r: ' incrementally over a period of years. F".-'. i '� - i c. Seasonal Airiines shall provide a cash security deposit and a i - ( performance guarantee(irrevocable letter of credit)of at least 3 months'rent, jlandine fees and PPCs,as adjusted for the high season,plus a reserve for ! � collection costs. � ! 4. Canital Imnrovements Plan. j ; a. Signatory Airlines,pursuant to their Lease and Use Agreements,shall i have a majority-in-interest{MI[)right to dis-approve specific projects in the � Airport Capital Improvement Plan,pursuant to procedures as set forth in tUe Airline's Use and Lease Agreement. b. Pre-Signatory Airlines shall have no contractua!right to disapprove specific projects in the Capitai tmprovement Plan,but will be consulted by the Airport on the design and cost of such improvements. � - a Seasonai Airlines shall have no contractual rigtit to disapprove specific � projects in the Capital Improvemant Plan. E. APPEAL RIGHTS. The determinations and space allocations described hereunder are to be made by the Director of Aviation. Any Airline may aRpeal such determination to the Counry Manager and/or the BOCC in a writing stating the rate,term ; or condition objected to and the basis for the objection. ; airlineUate-exa.01 � i ,t '" I 4 # __ . _... _ _ _ _... _._, . � . ; . �a� ,. � t ' . �; ' � 1. . ; � , 4�a+ . .�,r', . , �,i ��`i.... tY'�`..il��+��I;�,�t... .,. - .. .. _ . ,. _�. ,.� .... . __.. __ .. ...... ..,. . ._. .,._....,.~. ExhibEt"B" �+��'� ti�l , ��.�� , � PITKIN COUNTY AIRPORT FINANCIAL PLAN F,?, �>;j., � t997 1998 1999 2000 2001 �_:•,;�h,'1.§�•�. . OVERALL SUMMARY �"!° . Operating Revenues 2,466,184 2,418,551 2,377,971 2,453,523 2,554,715 ' � OperalingExpenses t,847,598 1,879,654 1,916.736 2,002,190 2,048,583 �� '`^, �� Opere6ng Irnwme Before �,'�.•• . . DeprBCiaGon 618,58fi 538,897 461,236 451,334 506,132 . -''. NetNornOperatinyRevenue 217,728 298,236 375,366 379,829 334,296 - Amount Available for �•'_' DebtService 836,314 837,133 836,602 831,163 840,428 ��%`,�� 6:. '.. �. � DebtService 418,025 418,208 417,633 416,280 419,180 m H-.. . j.. - Coverage 2tio 2.DD 2.00 2.00 2,00 � 2.00 �;.''.. �,. . Reservelncreases 34,786 51,449 13,243 30,519 16,569 4.. Funding(or Capital Projects From Operetions 383,503 407,476 405,726 384,363 404,678 � � Net Bond Proceeds - - - - - ;� ; FAAGrants 450,000 1,296,056 525,644 1,186,972 883,987 �. Passengerfacilitycharges 636,668 649,4D1 662,389 675,637 473,888 f t �.� _ TotalFu�ing 1,470,177 2,354,933 1,593,758 2,246,972 1,742,551 � t TotalCapiWProjecfs 745,750 1,551,415 679,801 3,829,756 1,671,776 i � � Mnual SurplusJ(Deficit) 724,421 803,517 913,958 (1,582.7&4y 70,776 � , i Cumulative Surptus/(Defiat) . 1,820,00� 2,623,524 3,537,482 1,954,698 2,025,474 { � t:`� ! f - t � � ' I �2/5/gg AIR96.XLS _ .... _. . . .... _.. . - . .__ ._. ._.... ..__ ..._ _ _ __ . . _. : . . � . ,' -` ` F K. - . 4 . �{ '.'� . � ' � . .. � . .. t . + � .. ., . � . . . _ . .�'. ' . . . . . . . , • �� .ti(!,n.:. . � ..;krc . .. . ' . n - . ExhibN"e" ��, � `f' PITKIN COl1NTY AIRPORT FfNANClAL PLAN " :� '�;�"', � 199T 1995 1999 2000 2001 r+•:',f:�%•: REVENUESUMMARY • �S=��`` „ GENERALAVIATlONREVENUES 461.864 477,308 407,42D 472,73� 418,2fi6 - . CONCESSIONREVENUES 1,125,192 7,151.192 1,760,942 1,160,942 1,160,942 � .r OT4{ERREVENUES 93,375 95,262 97,202 99,197 7D1,247 .� NONOPERATING NET REVENUE 217,728 298,236 375,366 379,829 334,296 • • .+. TOTAL NON-AIRLINE REVENUES 1,898,159 2,021,999 2,040,931 2,052,704 2,014,75� " • (Percentage of total revenues) 71qu 74% 74% 72°k 70% � � AtRIINE RENTS(irtcratCPq 607,510 624,520 642,007 659,983 678,463 � AIRLINE tANDING FEES(residuaq 178243 70,268 7�,400 120,665 195.798 . TOTALAIRLINEFEESANDCHARGES 785,753 694,788 712,4W 780,648 874,261 �':Y� �`�. Y - (Percentage ot total revenues) 29°6 26% 26% 28% 3096 ' � � TOTAL REVENUES 2,683,912 2.716,787 2,753,338 2,833,352 2,889,011 "�- i � ( � COVERAGE 2.00 2.00 2.00 2.00 2.00 ` i ' ! � Landing we(gfi4s(1,000 pounds) 37B,3D8 � Landing fees-signaWry 0.44 i -pre-signatory A54 -seasona! 1.30 t - ` AirBne renlal area(square feel{ 19,677 19,617 19,617 19,617 19,617 � ftent per square foot-signatay and pre-sig. 30.00 31.84 32.73 33.64 34.59 � -seasonal 45.00 47.75 49.09 50.47 51.88 �. � � Enplaned passengers 242,079 246,92t 251,859 258,836 262,034 � � f Alrline fees per enplaned passenger 3.25 2.81 2.83 3.04 3.34 �u I � , � iLandlrg weights detail: . �j United Exptess 260,429 � � Mountain Air F�cpress 52,541 I Aspen Mountain A'v 65,338 � . .. � 378.308 . .. I i i ; � t `- 12/5/96 AIR96.XLS � _ _- _- ___._. _ _._ . --.. .._ + _ _ _ .__ . _ .. _,x i� ` t t �. , �; ` �.. _i. � . � ' . \ . . . �...� _ ' ,�ro�,. .�„' , • u.� �Ita;: .. X�.'�t��a .. � � . '}:. . , , � . 1�r'� i� rs� � �.i �.1 ,4�h.G3; ;}...�. . ��'... . ., _ .. .. ... ,i_ .,..., . ,.,. . - i u ....t� . - Exhibit"B" � �� At;�', �'�.r ^ PITKIN COUNTY AIRPORT FINANCIAL PLAN "'" ''' :::�::�,a,,., 1997 1998 7999 2000 2001 i•% Inflafion assumpUons-airline rent 1.029 1.028 1.028 1.028 1.028 � -{abw 1.033 1.033 7.033 1.033 � -other oper.exp. 1.028 1.028 1.028 1.028 'i, OPERATIONS ' Operating Revenues :,, � Aitline Rents 607,510 fi24,520 642,007 659,983 678,463 , , �. AiAine Landing Fees 178,243 70,268 70,400 120,665 195,798 � Ai�Ine Subtotal 785,753 694,78A 712,407 780,648 874,261 FBO rent 232,353 247,797 252,909 258,225 283,754 Fueltlowagefees fi2,700 62,100 62,700 62,100 62,1D0 '�"��. � .. GA landing fees 167,417 167,411 92,411 92,411 92,411 . _ GA Sublotal 461,864 477,308 407,420 412,737 418,266 . Rental Cars 6fl,876 617,B76 617,876 617,876 617,876 ' Bat and Restau2nt 111,000 123,250 133,060 133,000 133,000 � Gift Sfiop 27,500 27,500 27,500 27,SOQ 27,500 � � Ground Transportation . 49,900 49,900 49,900 49,900 49,906 � Parking 86,666 B6,668 86,666 86,666 86,866 ..t � Advertising 206,250 220,000 220,000 220,000 220,�00 Other Concessions 26,OOD 26,000 26,000 26,000 26,000 i 7erminalConcessionsSubtotal t,125,192 1,151,192 7,160,842 1,760,942 1,160,942 I t Misc.Landing Fees 6,000 6,000 6,Q00 6,000 fi,000 . • � + AitShow 67,40D 69,287 71,227 73,222 T5,272 4 Other 19,975 19,975 19,975 19,975 t9,975 � All Other SubtoWl 93.375 95262 97,202 99.197 701.247 . Tofal Operating Revenues 2,466,184 2,418,551 2,3T7,971 2,453,523 2,554,715 ? Operating Fxpenses r�` � . � Personal Sarvices 484,731 500,727 517,251 534,320 551,953 - Purchased Services 1,279,828 1,315,663 1,352,502 1,390,372 1,429,302 � � � Materials and Supplies 34,670 35,641 36,639 37,665 38,719 .� Environmantal remediadon 70,000 � j Asphatt Repa'u 38,369 27,623 10,344 39,833 28,609 1 � ! TotalOperating6cpenses 1,847,598 1,879,654 1,916,736 2,002,190 2,048,583 . � . � Operating Income Before � ��- � � j Depreciation 618,586 538,897 467,236 451,334 506,132 j � J , i ' i . i •. i 1� �- 72/5/96 AIR9B.XLS _ .. __ _,. .__ _ . _ _ _ . _ . _ . \ :. � _ __ _ v -� � - �..�-. • ' 4�� . � . . . � . ,�' . . , . . . . �.�) i.��p:' . . ';�!,... .,. .. . . . � ' .. .�. ... _ , . ....... _.._. . _........,~ Exhiblt"B" ��i�:, ;��t; �'14��51' PITKIN COUNTY AIRPORT FINANCIAL PLAN �;,,��,,. � i`. - 1997 1998 1999 2000 2001 .�:y��!.. NONOPERATING,RESERVES,AND SURPLUS ��"r Nonaperating RevJ(Exp)Exduding Interest Exp 5.5°.6 5.5% 5,5% 5.5� 5.596 � Investmentincome 144,532 186,664 233,291 216,562 177,355 . �� Proceeds From F/A�isposition 5,000 8,224 5,000 • " K'J Operotiig Transfer In �`�_� ��, State gallonage Wx 60,000 61,200 62,424 63,672 64,946 - � , Jel fuel tax 65,000 66,300 67,626 68,W9 70,358 - �� State Grents 30,695 22,098 8,275 31,B66 22,8B7 . Federal Grants . _ _ . _ �' ' Planning Studies -Grant Eligihle �I':.�`�.��. . . -Inelgible 86.250 45,000 �;:Y'•�•. PayingAgentFeas 1,250 1,2W 1,250 1,250 1,250 - . TotalNonoperatingRevenue 217,728 298,236 375,366 379,B29 334,296 ;`'�:' - � . Amt Available for Oebt Service 836,314 837,133 836,602 831,163 840,428 '` � Series 1983/1994 Debt Service 727,627 128.590 729,225 729,475 129,375 � Series 1989 Debt Servirs 290,398 289,618 288,408 266,605 289,865 ` Total Debt Service � 418,025 418.208 417,633 416,280 419,160 + Coverege Ratio 2.00 2.00 2.00 2,00 2.00 i Reserve fncreases � Operating 34,786 11,449 13,243 30,519 16,569 !-� i Repair 8 Replacement - - - - - � - Debt Service Tolal Reserve Incleases 34,786 11,449 93,243 30,519 16,569 � � Funding for CapAal Projects � From operetions 383,503 407,476 405,726 384,363 404,678 • Net bond proceeds � FAA funds(lesser of available or req'd) 450,000 1,298,056 525,644 1,iB8,972 863,487 � � Passenger facility charges 636,668 649,4D1 662,389 675,637 473,BB6 � • ` Statelofhercapitalgrants - - - - - � Total Fundirn� 1,470,171 2,354,933 1,593,758 2,246,972 1,742,557 � � TofalCap@alProjects 745,750 7,551.475 679,801 3,829,756 1,671.776 ; � Mnual Surplus/(Deficft) 724,421 803,517 973,958 (1,SB2,784) 70,776 � , Cumuletive Surplusf(Deficit) 1,820,007 2,623,524 3,537,482 1,954,698 2,025,474 s I 4 ! �X- 3 � 12/5/96 AIR96.XLS � � __. __---_ __- _ __._. _r _ _ _ _ _ ..�� _. ' , �' , � -. ; -. � .i . . �:,�� . � .;.�, , . -a:; �• , ;.� .>. � � +v?.,. . �r-....i �.lia..Ll ., ,.. .,. _ .. ... �.Y, ,� ..''7 ......., :jr�.,. �. . �.4.Irk ��'�Y��.Vf.S-:!i$.�'ti.�iv.„..l�E +�` EXhIWF"B" . ,. ,,... ,_ .�• 4�: , PfTKIN COUNTY AtRPORT FINANCIAL PLAM ';�' 1947 1998 1999 2000 2001 �k'.. CAPITAL IMPROVHMENTS PLAN(NET OF GRANT FUNDING) TerminallmprovemeMs _ _ _ _ , �, Snowplow blades - - - 2,800 - � Replacesnowplows - - 22,000 23,600 . .:d� Taxiway lighis . _ _ _ 20,000 '. � � Rehab ta�ciway A" 50,OOD - - _ . � Englneering _ _ _ _ _ I Relocate S.H.82 _ _ _ _ _ � Reconfigure GA ramp - _ _ _ _ + Construct GA apron for 2nd FBO - _ _ 95 ppp _ t.. � Relocate acoess roads 20,OD0 i - � 26,320 ' Expand parking 563,000 '�� Partial rehab-GA ramp 8 taxiway 33,267 I;_. . � Expand air prtier apron - � _ � 40,000 � Card access system � De-ice containment '' � Aid�eM signs - 10,000 _ fRunway oveAay - - - 2,255,765 - � Sewer 6unk extension 65,000 i - i : Wheel chair lift FAA 75%/25% Rehab a(r cartier apron 130,300 Water righls �f Othercapital projects(detad bebw) 160,750 106,i59 90,607 56,100 70,744 � I Inflation 6,901 8283 210,119 64,098 � Total Capital Improvements � Passengerfaulity charyes 636,668 649,401 662,389 675,637 473,886 State/otF�er capital grants - _ _ _ _ I .. . I . , . . . .. � . ._._ _... ..� . . � , i 1 I I ' � � �v5�96 AIR96.XLS � j i i � � i � _..---,_. _._.. .._.____.._.___..___ ._...-___ __._....._ .... __ _._. _._ _ .__ ____._ .._..___.... __. , � v ._ ,� --• � • _ r, . ; 1 `' • . ` • , . ' �� .. . . ,�•� . , � � a.a ��^� . ;,�; , - . . . .._ ._ . ., Exhibit"B" wi�., � . PITKIN COUNTY AIRPORT FINANCIAL PI.AN ��y I�� 199y 1998 1999 20D0 2007 �-'+.:�i,4U••: �inflation fadors 1.000 1.028 1.028 1.028 1.028 �-..;°L�.�' � i.. CAPITAL PROJECTS EXPENDITURES � Tertninal improvemenls ' ` Snowptow 6lades 28,000 � �� Replace snowplows 220,000 236,D00 ��•':y~ Tauiway lighls 200,W0 • Rehabtaxiway A" Spp,Opp ' Engineertng �:. Rebcate S.H.82 i.. ' �..'. Reconfigure GA ramp 4';,:: Construct GA apron for 2nd FBO � g5p,ppp t;:�..� � � Relocate access roads 20,000 263,200 ,��'-�'- Expand rki "� � � � ^4 563,000 � � Padial rehab-GA ramp&taxiway 332,666 � Expand air carrier apron � qpp ppp � Card access system � ., i De-Ice containment � � Ai�eld signs 100,000 1 Runway overlay 2,255,765 ' Sewer Wnk exte�ion 65,OOU . Wheel chair lift FAA 75%I25% Jet-A Fuel Pump � , Rehahaircarzierapron 1,303,000 � � Water rights , � 01her eapital projeUS(deWil below) 160,750 106,159 90,607 56.100 70,744 . . Inflation - 42.256 36.528 304,491 174,832 Total Capital Projects 745,754 1,551,415 679,801 3,829,75fi 1,877,776 OTHER CAPtTAL PROJECTS €e . CapBal Replacement Cost CeMers: .� . . Buildings and Grounds 30,000 24,300 37,700 31.000 49,400 - Compulers 4,000 2,000 . ' �t 6,000 45,232 23,250 . Otfica aM Technical Equipment 5,950 14,427 4,257 4,300 4,344 � RadiolPhonelPaging 19,800 5,200 10,400 5,800 2,000 Capital AcquisiGon and ConsW Uion: � ' ftevenue wllectlan system-grourxf trsp 80,000 � . ._.. Trees 15,000 15,000 75,000 15,000 15.OD0 .. z Other/Contingenq ; i Total Other Capital Projeds � 160,750 1U&,159 9D,6�7 56,100 70,744 r • Statelother capRal gtants Net Cost,Other Capitaf Projaqs 760,750 106,159 90,607 58,100 70,744 i b � � - 1715196 AIR96.XLS � � � _:. . _. . .. _ _ . . _ ._ _ . . .;.:.....�.•. , _ i �� , j��:� � - ,, . . ; .;. , . , . 4�Qy . .,..a .� . , . RH! ,� � , _�t'�` .... �Yz.1� t!i�?�. . .. .. ,. . .,. . . �;�. .� . _ , e:c,:: i, ....pr�� ,s- .i�..;:!;a� ..a._�,.�`:,t!.� �5. _:, �'. _. Exhibtt~B" �� !' �.,,.,,, �',. • PITKIN COUNTY AIRPdRT FINANCfAL PLAN I�:�:'u'; 1997 1998 1999 2000 2001 ,��'�':, CAPITAL PRWECTS GRANT REVENUE r Terminal improvemenls x Snowplow btades - - - 25,200 . ." Rep(aca snowplows - - 198.000 212,400 - � r.r, Taxiway lighta - • - - - 180,000 " ''' Rehab tauiway"A" 450,000 - - - - Engi�ering - . - - - Relocale S.H.82 - - - - . Recontigure GA ramp - - - - - . . Conshud GA apron for 2nd FBO - - - 855,000 - �� Relocate access roads - - - 236,860 r�' � Facpand parking Partial rehab-GA ramp 8 taxiway - - 299,399 - - � Expandaircarrierapron - - - - 360,000 � "- - Cacd access system - - - - - ' •- Orice containment - - - - - � Alfield slgns - 90,000 - - - Runway overlay - - - - - Sewer trunk extension Wheal chair 1ift FAA 7596125% - - - - - '� � Rehab air carrier apron - t,172,700 - - - � Water rights Ofher capital projecls{detail helow) In9ation - 35,356 28,244 94,372 90,734 . ToWI Capitai Grant Revenue Need 450,000 1,298,056 525,644 1,186,972 867,614 � � FAA Enpianed Pauengers 242,079 246,921 251,859 256,996 262,034 , Current-yr Enplanement Funds 919,833 919,833 919,833 774,000 774,000 � PriorYrsSUrplus/(Deficit) 17,159 486,992 108,77D 502,959 89,987 . ' DiscreUonary Grants y f F� . _ Net Grant Funding Available � 936,992 1,406,825 1,028,603 1,276,954 863,987 �� - FAAcapRalgrantfundingneeded 450,000 1,298,056 525,644 1,186,972 867,874 . k FAA Alanning grent funding needed - - - - - Draw on ne�A years funds FAA Grant Swplusl(Deficit) � � 486,992 108,770 502,959 89,987 (3,62� i PassengerFacilityCharges , 636,668 649,401 662,389 675,637 689,750 ,. PFC projecis: . -.. ..._ f Relocate S.H.82 Rehab air carrier apran 1 Runway overlay 2,255,165 ToYal CommiBed PFC's 638,668 649,401 662,389 675.637 473,886 . ToWI UncommiHed PFC's - - - - 215,264 � 1 ' 1 12I5/96 AIR96.XLS __. __ ._ _..__ __._...__. . . ._ ., .... _ � _ , �. �, 4 � . . . � ' � . ' ��` �. I• 1 � ' \ . � , . . , .. . 'y'x�0.`.� . . . - . ....s . .� ., . 4�) "Yf�. �'.i��41.,4A.�i � ...-� .. •. :f. , r.e „ 1 - t. .... .. ... .. . . .. .... . . �l�.i"�r. . i�' .�.^(.. EXH[BIT ,�c^ �;,,.;��`+�, �: ANNUAL CERTiF[CATION OF GOOD FA(TH PROGRESS ON PROJECTS AND ACQUISITiONS ," ,�� AT'fHE . ASPEN-PITKIN COUNTY AlRPORT �+•'.�.i'� � REHABILITATE RUN V�Y 15/33 POROIfS FR(CTiON CO�IRSF i:,. �: This project was compfeted in 199G. Approximately 5,000 feet in leng�h and 52 Peet in widtfi of runway �= surface�vas roromilled ro a depth of 1.5 inches and replaced with new porous friction course asphalt j>°�'' surface. Runway markings were restriped and severat markings were slighdy relocaced based on survey �;Y'`, data. � ,.:'- . ('RADE RUNWAY IS/33 SAFLTY AR A . i f The runway safery area at the clepanure end o(rumvay 33(northwest end of tl�e rumvay)was graded and ` � enlarged to meet current PAA runway desien standards. Tlie netv rumvay safety is i00 feet wide and 1.000 � feet ton„and no lon�er requires a modification of standards. The project was made possible by the irelocation af a section of State Hi;hrvay 82 completed in 1995. The old 82 road was removed,deer � fencing was relocated,and a seceion of Owl Creek was reiocated to accommodate the safety area dimensional requirements. � j i . � V ? RECONFIGURElREHABILITATE CGNERAL AVIATfON PARK[NG APRON i � An 3,000 square yard area of general aviation parking apron was completely reha6ilitaced. Project � induded improvements to drainage in the�eneral area and appropriate marking. � REPLACE SNOWPLOW � � ' Equipment was delivered and is in service. i ; � ASPHALT MAiNTENANCE . I j Project consisted of crack sealing and slucry sealing of raxiwty and ramp areas. Completed in 1996. { � ( SEWER TRUNK EXTENSION � ; Project is partially completed.e�pected m be compktely finished in 1997. T,�RMtNAL EXPANSION ' A 1900 square foot expansion at die northwest end of the buildin�is curtentty under construction and is . espected to be completed by Januaiy I,I497. Project consists of construction of an outdoar covering over tHe United Express outdorn•bae�age belt,�vith lssociated heatin�_,li_hting,and electrical service. airline�tt97pjt �� -_ 1 � + _.. ........ . .__ _.__..__... .. _ � . . .. ....... ... . . .. . . ... . . _ . : ... . ... .._.. _. . . .... ..V'�T.�wt, � � . � . � .... . y K ` • .. . '....;. '�• / ' � '. �_ \ . ° .'�� . ' _ . . . . . r '. . ,� .a'� ��, (� u:.i��!��'��'7(�:l-',�'�/..i}'" �aT .�4'»�- �'� zlj. '. � '-T " 11+/�~� h'�-S�' lt.i`C`�ll� L�+M��Y'N+��Af.Pi�M��r`.ik ,S� �5 M l� �l�'\ . {a! . � lI �.�IY`u � M1 3 J�� .t. .J;{� ,vr- ++. . ,. � . .,. �3,`fi, b .. � ��rtii��,'�'dh'i�lii..�Ys�]t'�t'':i:d:, �' �r. �,.,e.n.. ��'��_ � tiy + •i-� �L`�;.: . ."_'�'-�.'k}, ,.. 8XH18[T ��n" • :. ti LANDING FEE SURVEY ;'!.y ' I 214/96 i �.,a AIRPOR"t SIG RATE NON-SIG RATE TERM RENT , Salt Lake City $.93 $51-55 ! . � � Palm Beach $1.13 $50.37 � � Atlantic City $I.00 $15.0� lackson Hole $.78 $1.17 $IS-17 � Paim Springs $1.25 $1.56 $8-16 DIA $3.G8 $4.42 $6�-73 r � Durango $.3� $1.60 $i2-16 i � Grandlunction $,73 $1.08 $12-16 � � Eagle $1.00 $1.50 $48.00 r 3 Steamboat $.75 $16-20 � � Gunnison $ 1.05 $19.78 C . t( t ? Telluride $1.00 $18.00 � Montrose �.7> $Z.00 _ � - , '� St.Croix ` $2.50 $3.15 $20.00 � i Nantucket $i.70 $33.81 � t � NONHUB AVERAGE � PER 1995/96 SURVEY DATA � � $.74 $.89 $16.50 i � ! r:.:, 1! - 1 I ` 1 . �. f i i � . . ______ _..---., _�--_.-----_ _ _.._...___.--- __.----__._ _..__. ._. _.. __.. ._..... _ _ _. .__. . _ ,_ � _.__ . ._ , _ _ ` . r�� 4 �. ,; , . ,� � _ _ _ . . , ,�, ,�....� . �.� �{ d�'�y 11 �p + .�`C,�� '��1'�jy.l)pry.�,�hl�� ,+�'� .li J. 41�t. +'}' 1 ..rr 1IT":✓ 1 N� i,:i t lr �p�l'W..:,,l.�1 YX` � �{ �y 4J�:�`" ��{n�vr� ��.ar. n. ,.;� ' . r. � c� .•tii=^Jj �.4i��''�7Jl.Ji�'t��Y�;.ti�i�..�'.5�&Lt.i�.F}�i��',��!��.. . y.�;� . >n� , F Yj��` u� � . 1�,�Y��.. ;�.. EXHIBIT ��jL , GENERAL AVIATION LAND(NG FEE SURVEY `;_ �i� 12/4/96 + ��,.... y� r� NON HUB AIRPOR7S: AVERAGE OF AAAE SURVEY,$1.09 '. ` AIRPORT GA LANDING FEE '+' � �..i �,..:.i. �. i Hyannis.MA $1.00 �':: � i;� ' I � Durango $.7U (revenue flights only) H'>' ; �;. . � Telluride $1.00 S � � � Pueblo $.23 i ; i Lansing,MI $i.71 (over 6,500#s) ' J ' C(iar[ottesviile.VA $.50 (over 7,000#s) f • � Klamadi Fatls,OR $.75 (over 12.500#s) ; Wilmingto��.DE $.80 ; ' ;: Newport News $.72 (over 10,000#s) ; � , • Redding,CA $.82 (over I2,500#s} a Bing(iamton,NY $.50 � Bridgeport,CT $6.00+.�}0/1,OOOlbs. . S -�- � Teterboro,NJ $1.00 (over 10,000#s) � SMALL HUBS: Av�.of AAAE Survey,$.98 r F . S � Y • E 3 1 t 1 ! a~- ,� ,. ! i _ ..-- ___ _ _--—___ ----------_ ----. . ---- — -- :�• : ; ...___� ___.__.. ___.._.._. _ .__ _.__..__._ ._.. .. , _ _ ._. . .1 .. .. ... �.`.. . ...... �k� � � . . . .. I. . , , . 1 , . . _ 1� . i .� . • . '� ~ � , , . '. �'�. . � . . . . . _ . . . � - � . . � . ':�, . � . ' �� . - . . . � Tr� �r ♦ � �� . ry t �b'i�nL... � ,��> .. � ' ��, � ... �i„ _. .r. .... _. 1.. . +�. ..... � .... ...��, �......... ... .. .r. . .. .. ._ ��'� i s Exhibit"E" ��;' . �`'` �'•, Pitkin County Airport �'k' 9997 Airiine Terminal Space and Rent Airline Space Allocatfon Square feet ' Eacclusive/preferen6al space 7icketing/Admin; � United Express(UEX) 4,500 Mountain Air Express(MAX) 1,572 j Aspen Mounfain Air(AMA) 1,947 { unallocated 1,083 9,102 , + Bag service/freight ; United Express 567 ; Aspen Mountain Air 114 t unallocated 331 ; 1,Q12 � 10,114 'i Shared space Bag claim 7,5D0 Passenger hold room 3,417 10,917 Totat poten6al airline space 21,031 � Tohal potentiai airline rent $ 630,930 ° (increased by 2.9%from 1996 rent of$714120 based on 10/96 U.S.CPI-U estimate) z f � � Rent per square foot(approx.) $ 30.00 r � Airline Rents Square feet Annual S Monthly$ j Exclusivelpreferential space rent � United Express 5,067 $152,010.D0 $12,667.50 '� Mountain Air Express 1,572 S 47,160.00 $ 3,930.00 Aspen Mountain Air 2,061 S 61,830.OQ $ 5,152.50 unallocated 1,414 S 42,420.00 $ 3,535.00 � 10,114 3 � Shared space rent 10,917 $327,510.00 S 27,292.50 allocated monthty as follows: 20%is split equally between the airlines $ 5,458.50 . 80%is split in che retio of enplaned passengers $21,834.00 Totai potentiat airline rents $630,930.00 $52,577.50 � � RENT.XLS �y�� ,, ____ ----- i _ �... -.. _ _ � � � ` - � . . , �i. � ;Y�: . . .. . . � . . . .��• . • ua