SUBJECT:
Title
Airport Fee Schedule Update
Department
DEPARTMENT: Finance
Economic Development
Presenter
PRESENTER(S): Lockie Woods, URA and Development Accounting Analyst
end
Time
TIME ESTIMATE: 90 minutes
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For time estimate: please put 0 for Consent items.
Fiscal
FISCAL SUMMARY:
N/A
Policy
POLICY ISSUES:
The policy issue is the Airport Fee Schedule and the Airport Economic Development Advisory Board’s (AEDAB) recommended updates to increase the Airport’s financial independence.
Recommendation
STAFF RECOMMENDATION:
N/A
Body
SUMMARY/KEY POINTS
• The Airport’s current fee schedule has not been updated in several years.
• The AEDAB is considering recommending updates to the Airport’s fee schedule.
• Any recommendations will be subject to Council approval.
BACKGROUND OF SUBJECT MATTER:
The Erie Municipal Airport faces a substantial annual budget deficit, which currently requires a transfer from the Town’s General Fund to resolve. The AEDAB is considering recommending an update to the Airport’s current fee schedule to bring fees and rents in line with market rates, increase revenues, and improve the financial position of the Airport. Any recommendations will be brought forward to the Town Council for consideration.
priorities
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attachments
ATTACHMENT(S):
1. Airport Current Fee & Rent Schedule
2. Airport Proposed Fee & Rent Schedule