Draft EUG Master Plan Update, February 2010

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CHAPTER 5 FINANCIAL FEASIBILITY ANALYSIS together with fees for non-signatory airlines and other Airport users. The City of Eugene City Council formally reviews, revises, and adopts this fee schedule annually. This analysis assumes that the Airport will renew its Use Agreement with scheduled airlines for like rate periods and will assess airline rates and charges that will, at a minimum, cover the airlines’ respective shares of airfield and terminal area expenses over the entire planning period. 2. Capital Improvement Plan All airports receiving federal AIP funding are required to maintain a current CIP with the FAA which identifies projects to be undertaken at an airport over a specified period of time. This plan further estimates the order of implementation as well as calculates total project costs and funding sources. The CIP presented herein incorporates all projects recommended as part of this Master Plan Update and is based on the near-term (FY 2008 through FY 2012), mid-term (FY 2013 through FY 2016), and long- Exhibit 5-1 term (FY 2016 through FY 2028) planning periods (and shown on ). The near-term period includes projects currently addressed in the Airport’s existing CIP on file with the FAA, approved PFC applications 06-08-C-00-EUG and 08-09-C-00-EUG, the Airport’s Customer Facility Charge (CFC) program, and the adopted City of Eugene Capital Improvement Plan. For the period FY 2013-2016, the most critical airport capacity and safety needs are programmed while the long-term period (FY 2016 through FY 2028) projects correspond to those facility requirements identified in previous chapters. Table 5-1. The CIP and its corresponding cost estimates are presented in Cost estimates depicted in this table are based on a planning level of detail. While accurate for master planning purposes, actual project costs will likely vary from these planning estimates once project design and engineering estimates are developed. Costs as shown in Table 5-1 have been escalated for inflation (4% annually) to more accurately reflect anticipated construction-year dollar amounts. These costs also include contingencies and design and construction management costs. Each project was analyzed for AIP and PFC funding eligibility and a preliminary funding scenario was developed for each project from AIP, PFC, local, and private funding sources. As stated previously, the total cost of the CIP is estimated to be approximately $119.4million. 5-4 Eugene Airport Master Plan Update (February 2010)