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

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

3. 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

4. Item #4 - Airport Land Development
The Airport has 1,050 acres
The property classifications include the following:
Aircraft Movement Reserve – acres or 64.3%
Undeveloped Area – 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%

5. Item #4 - Airport Land Development
Aircraft Movement Reserve – 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

6. 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)

7. 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

8. 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

9. Item #4 - Airport Land Development
Undeveloped Area 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

10. 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

11. 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

12. 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

13. 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)

14. 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

15. Item #7 Remote Tower
Timeline

16. 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

17. Item #8 Business from Members