Title
A resolution authorizing the submission of Passenger Facility Charge (PFC) Application #22 to the Federal Aviation Administration increasing the total PFC funds to be collected for capital improvements at the Colorado Springs Airport
Presenter:
Greg Phillips, A.A.E., Director of Aviation Colorado Springs Airport
Body
Summary:
Attached is a resolution authorizing the submission of Passenger Facility Charge (PFC) Application #22 to the Federal Aviation Administration (FAA). Upon approval of this resolution, staff will initiate the process to obtain FAA authorization to collect and use PFC revenue to fund all or a portion of the projects identified in the application.
Previous Council Action:
Per ORD 16-116, four (4) of the nine (9) projects listed in this PFC Application began in January 2017, with the remaining five (5) projects commencing in future years and appropriated within future annual budgets (see Table 1: Previous Council Actions).
Background:
This item supports the City's strategic goal relating to investing in infrastructure by following the Airports sustainable plan of finance for capital improvements.
Title 49, United States Code, Section 40117 authorizes the Secretary of Transportation, through the FAA, to approve local imposition of PFCs up to $4.50 per segment. Public airports, such as the Colorado Springs Airport, can apply to the FAA for authority to impose and use PFCs to fund eligible airport projects. Since the inception of the program, the Airport has submitted twenty-one (21) such applications. The Airport is requesting authority to submit PFC Application #22 to the FAA for approval. The Airport will continue to collect PFCs at a rate of $4.50 per segment.
PFC Application #22, if approved by the FAA, will fund the projects shown in Table 1: Previous Council Actions attached to this resolution.
Descriptions for the projects included in PFC Application #22 are attached (see Exhibit A: Project Description...
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