Northern Colorado Regional Airport Commission Regularly Scheduled Meeting October 20, 2016

Consent Agenda: Items 1-3 Minutes from the September 15, 2016 Northern Colorado Regional Airport Commission Meeting Airport Director’s Report Financials

Item #4 - Airport Land Development Staff are working to answer the question raised by the Commission at the Workshop What is the potential revenue from total development? Created a GIS map that provides details about airport property Extracted figures from existing development to use as a reference Combined with fuel sales amounts obtained from jetCenter & State of CO

Item #4 - Airport Land Development The Airport has 1,050 acres The property classifications include the following: Aircraft Movement Reserve – 663.3 acres or 64.3% Undeveloped Area – 314.7 acres or 30.5% Hangar Area – 33.1 acres or 3.2% FBO Area – 14.3 acres or 1.4% Airline Terminal – 6.7 acres or 0.6%

Item #4 - Airport Land Development Aircraft Movement Reserve – 663.3 acres or 64.3% Land for use for runways, taxiways, clear areas as shown in current Airport Master Plan Reserved space for future capacity upgrades

Item #4 - Airport Land Development Hangar Area Hangar Area – 33.1 acres or 3.2% 23.5 acres are areas that are not leased such as roads, taxiways, and buffer 9.6 acres leased in total $268,500 total revenue or $8,100/acre $137,000 in land lease revenue $103,000 in hangar revenue $22,500 in fuel revenue $2 million 1981 bond was the mechanism that allowed for this development ($3.3 million adjusted for inflation)

Item #4 - Airport Land Development FBO Area FBO Area – 14.3 acres or 1.4% $70,000 in lease revenue $108,000 in fuel revenue $98,000 transient $10,000 based $178,000 total revenue or $12,500/acre

Item #4 - Airport Land Development Airline Terminal Area Airline Terminal – 6.7 acres or 0.6% $35,000 terminal, landing, fuel, & parking fees or $5,200/ acre 2011 revenues = $480,000 in Airport Revenues + $850,000 in Capital ($1.33 million) or $200,000/ acre

Item #4 - Airport Land Development Undeveloped Area - 316.5 acres Lease potential based on 2015 revenue is $2.5 - $4 million ($8,100 - $12,500 /acre) Requires infrastructure for roads, taxiways, utilities, and site preparation of estimated $100,000/ acre Additional expenses will be incurred related to maintenance and upkeep Some locations may not be utilized for aviation purposes such as the acreage on the southern 31.5 acres

Item #5 – Rebranding & Marketing The Northern Colorado Regional Airport Commission Rebranding and Marketing Subcommittee and Work Group is recommended to be comprised of members of the Airport Commission and individuals appointed to serve. Goal is to accomplish Strategic Plan Item 5 which is to Rebrand the Airport and More Productively Engage the Public Resources & Goals

Item #5 – Rebranding & Marketing Marketing and Development Subcommittee -Proposed Member Structure 1. TBD – Northern Colorado Regional Airport Commission Representative 2. Jason Licon – Airport Director 3. TBD – Airport Business Development Specialist 4. TBD – City of Loveland Economic Development Representative 5. TBD – City of Fort Collins Economic Development Representative 6. TBD – Public Member 7. TBD – Public Member

Item #5 – Rebranding & Marketing Marketing and Development Subcommittee Proposed Application Process for Public members Advertise available Subcommittee positions (including applications’ due date) on both Cities’ websites, Airport’s website, Airport’s social media channels, advertisement on the Community page of the Coloradoan and Reporter Herald, and directly contact parties who have expressed interest in the past Review applications with staff appointees Recommend Public members based on background and experience with marketing and airports Present recommendations to the Commission at the next meeting

Item #6 Economic Development Airport Business Development Specialist: Sean Keithly Graduated Boston College with a Bachelor Degree in Political Science and has a Graduate Degree in Urban Planning from the University of WA Was interviewed by a panel with representatives from both Cities Final interview was a presentation/ meet and greet conducted on Oct. 5th Start date is November 7th Aviation Development Zone $1,200 state income tax credit for each new employee Modified in 2013 to include maintenance, repair, completion, and modification of aircraft (HB 1080)

Item #7 Remote Tower Project Status Report Thales proposal was rejected by the FAA RFI was created by the FAA and is going through internal review, expected to be released soon FAA Acquisition Management System will publish the RFI Will satisfy the vendor selection for the remote tower, and will meet the goal set by the FAA Administrator to develop a qualified Vendor List for future remote tower projects Expectation is that RFI will be published in 2-3 weeks and selection made by 4Q 2016

Item #7 Remote Tower Timeline

Item #7 Remote Tower Project team site visit September 21 Finalizing locations for infrastructure and identification of possibilities for where the controllers will be sited Current facility options include Construct a freestanding facility or modular building Modify an existing on airport facility Utilize an offsite facility Facility Criteria will be finalized upon vendor selection

Item #8 Business from Members