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IMPLEMENTATION AND FINANCING PLAN
<br />opportunities for its residents. IDBs are issued by a governmental entity which then loans the proceeds to
<br />a private company to provide financing methods for economic development projects. The IDBs are
<br />secured by the payment on a promissory note by the private company. As the issuer, the governmental
<br />entity acts as a conduit for the private company and has no liability. IDBs could be considered by Eugene
<br />Airport as a way to begin developing areas identified for non-aeronautical revenue land uses.
<br />Special Facility Bonds (SFBs) are issued by airport sponsors to encourage specific developments. Their use
<br />originated in the 1960's as a means to finance needed facilities for airlines upon reasonable terms and
<br />conditions. The facilities constructed with the proceeds are leased by the issuer to the airline for a period
<br />that coincides with the term of the SFBs. The SFBs are not a debt of the issuer, but are supported solely by
<br />the revenues from the project they were issued to construct, and the sole responsibility of the issuer is to
<br />use its best efforts to generate rental revenue from the project. This is a less common source of funding
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<br />since bankrupt airlines have contested lease payments.
<br /> EUGENE AIRPORT FUNDING OUTLOOK
<br />Potential funding sources available to Eugene Airport include FAA AIP entitlement and discretionary
<br />grants, PFCs, CFCs, State and local funds, airport revenues, and private investment. A majority of funding
<br />will be provided from AIP entitlement, AIP discretionary, PFCs, CFCs, and local funds. Table 5-3 shows
<br />historic funding levels used by the Airport between Fiscal Year (FY) 2004 and FY 2017.
<br />TABLE 5-3
<br />HISTORIC AVAILABLE FUNDING
<br />FederalAIP
<br />Local
<br />Passenger Total AIP Total Funds
<br />Fiscal DiscretionaryFederal PFCCFC
<br />1
<br />EntitlementContributionAvailable
<br />Match
<br />YearShare
<br />2004$4,185,042$7,606,500$11,791,54295.00%$1,244,766$0$589,577$13,625,885
<br />2005$540,478$8,700,000$9,240,47895.00%$1,461,201$0$462,024$11,163,703
<br />2006$4,268,489$0$4,268,48995.00%$1,565,556$0$213,424$6,047,469
<br />2007$974,920$0$974,92095.00%$1,569,793$268,696$48,746$2,862,155
<br />2008$2,656,560$0$2,656,56095.00%$1,597,557$338,852$132,828$4,725,797
<br />2009$2,751,263$3,084,659$5,835,92295.00%$1,261,595$292,138$291,796$7,681,451
<br />2010$2,645,859$6,380,394$9,026,25395.00%$1,418,300$252,192$451,313$11,148,058
<br />2011$2,397,048$0$2,397,04895.00%$1,567,072$371,657$119,852$4,455,629
<br />2012$947,153$0$947,15395.00%$1,591,213$436,770$47,358$3,022,494
<br />2013$459,375$0$459,37593.75%$1,676,525$481,131$28,711$2,645,742
<br />2014$7,926,480$0$7,926,48093.75%$1,760,109$533,253$495,405$10,715,247
<br />2015$3,047,216$0$3,047,21693.75%$1,812,556$567,048$190,451$5,617,271
<br />2016$375,554$0$375,55493.75%$1,883,266$582,428$23,472$2,864,720
<br />2017$5,611,160$0$5,611,16093.75%$1,859,112$646,770$350,698$8,467,740
<br />Totals$38,786,597$25,771,553$64,558,150$22,268,621$4,770,935$3,445,655$95,043,361
<br />
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<br />Notes: Local match calculated at required match for entitlement funding. All values shown in 2017 dollars.
<br />Sources: EUG records and FAA Certification Activity Tracking System (CATS) Financial Reporting System. RS&H Analysis, 2017.
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<br /> Source: Airports Council International North America, http://www.aci-na.org/content/airport-financing, Retrieved August 31,
<br />2017
<br />EUGENE AIRPORT MASTER PLAN 5-12
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