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<br /> M I NUT E S <br />. Eugene City Council <br /> Umpqua Room, Valley River Inn <br /> November 17, 1986 <br /> 5:30 p.m. <br /> COUNCILORS PRESENT: Richard Hansen, Debra Ehrman, Ruth Bascom, Freeman <br /> Holmer, Jeff Miller, Roger Rutan, Emily Schue <br /> COUNCILORS ABSENT: Cynthi a Wooten <br /> A REPORT FROM THE COUNCIL SUBCOMMITTEE ON AIRPORT FINANCING <br /> The adjourned meeting of November 12, 1986 of the City Council of Eugene, <br /> Oregon, was called to order by Mayor Brian B. Obie. A revised agenda was <br /> noted. <br /> Mahlon Sweet Airport Aviation Director Bob Shelby discussed the history <br /> of the airport terminal. He said that the airfield has no pavement surface <br /> (outside of some minor taxiways) that is over eight years old. He said <br /> that over $14 million in City funds, FAA trust funds, and the FAA's own <br /> budget funds have been invested in this facility since 1978. He said that <br />e some of that money is directly related to the terminal project, such as a <br /> $1.6 million aircraft parking area that was in the CIP. In addition, he <br /> said that $885,000 has been invested in the design work of the facility <br /> and there is $3 million worth of capital improvements in the CIP directly <br /> related to the terminal project but not included. He said the purpose of <br /> the project is to increase the depth of the ticket lobby, enlarge the <br /> public seating for terminal visitors, move the car rental booths and gift <br /> shop out of the main lobby, increase the space of the flight kitchen and <br /> security area, and to locate all of the airlines in one line. The Ai rport <br /> Commission's recommendation was distributed. He said that the Airport <br /> Commission's recommendation to the subcommittee is that $1.9 million be <br /> deleted from the project, $850,000 be bid as an alternative bid, and $1.4 <br /> million would be funded through other sources. <br /> Finance Director Warren Wong summarized the information that was provided <br /> to the councilors and discussed staff's recommendation on the project. He <br /> said financing options that would be needed to pay the public share of the <br /> airport project included addit i ona 1 property taxes, a IIcash out," <br /> interfund loans, assumption of airport operating costs, and the <br /> identification of new revenue sources. He detailed the proposed financing <br /> strategy and cited the advantages and disadvantages of the proposal. <br /> Mr. Wong said that $1.7 million up-front cash would be needed to keep the <br /> project on the adopted timeline. The design process will continue, bid <br />e MINUTES--Eugene City Council Dinner Session November 17, 1986 Page 1 <br />