11/17/1986 Meeting - Laserfiche WebLink

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