Charlotte County Airport Authority AGENDA June 15, :00 a.m. Punta Gorda Airport

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1 Authority Commissioners Paul Andrews, Chair James Herston, Vice-Chair Kathleen Coppola, Secretary/Treasurer Robert D. Hancik, A.A.E. Asst. Secretary/Treasurer Pam Seay, Commissioner James W. Parish, P.E. Airport Authority Attorney Darol Carr Charlotte County Airport Authority AGENDA June 15, :00 a.m. Punta Gorda Airport 1. Call to Order Reminder to Turn Off Your Cell Phones 2. Invocation - For those who wish to join, please rise for the invocation. 3. Pledge of Allegiance 4. Roll Call 5. Citizen s Input Note: Anyone wishing to address the Board during this portion of the Meeting must state their name for the record and address their comments to Agenda items only. Each citizen will be allowed no more than two minutes to express their opinion. 6. Additions and/or Deletions to the Agenda 7. Consent Agenda All matters listed under this item are considered routine and action will be accomplished by one motion without separate discussion of each item. If discussion is desired by a Commissioner, item(s) will be removed from the Consent Agenda and considered separately. Secretary/Treasurer Minutes of Regular Meeting April 20, 2017 Minutes of Special Meeting May 18, Secretary/Treasurer s Report Mrs. Coppola a) Accounts Receivable Mr. Parish b) Profit and Loss Statement Mr. Parish c) Balance Sheet Mr. Parish

2 9. Committee Reports a) Land Use Mr. Herston b) Metropolitan Planning Organization Mr. Herston c) Personnel Mrs. Coppola d) Public Relations/Special Events Mrs. Coppola e) Governmental Liaison Ms. Seay f) Economic Development Mr. Andrews g) Aviation Activities Report Mr. Hancik 10. Attorney s Report Attorney Carr 11. Director s Report Mr. Parish a) Master Plan Update b) Development Update c) Car Wash d) Cell Tower 12. Citizen s Input Note: Anyone wishing to address the Board during this portion of the Meeting must sign in, state their name for the record and address their comments to Agenda items only. Each citizen will be allowed no more than two minutes to express their opinion. 13. Old Business 14. New Business a) SunTrust Line of Credit renewal Mr. Parish b) Tentative Budget hearing and the Final Budget hearing dates Mr. Parish c) Historical Marker in front of restaurant Mr. Parish d) Punta Gorda Army Airfield display in terminal hallway Mr. Parish e) I-75 Billboard 1 year agreement Mr. Parish 15. Citizen s Input Note: Anyone wishing to address the Board during this portion of the Meeting must state their name for the record and may address their comments to items discussed during the Meeting or items of interest to the Authority s Board. Each citizen will be allowed no more than two minutes to express their opinion. 16. Commissioner s Comments 17. Adjournment

3 Agenda items for June 15, 2017 Meeting A copy of all the attachments are at New Business a) SunTrust Line of Credit renewal: Attached is the SunTrust Line of Credit. Staff Recommended Action: Staff recommends the Authority approves the SunTrust Line of Credit renewal. b) Tentative Budget hearing and the Final Budget hearing dates: Attached is a calendar listing all other government entities and their scheduled budget hearing dates. Staff Recommended Action: Staff recommends September 13 th or 14 th for tentative hearing and September 27 th or 28 th for final hearing. c) Historical Marker in front of restaurant: The Charlotte County Historical Center requests to place a historical marker in front of the restaurant. Charlotte County will provide documentation signifying the marker will be movable, if necessary. Staff Recommended Action: Board discretion. d) Punta Gorda Army Airfield display in terminal hallway: The Charlotte County Historical Center requests to place a pictorial history line of the Punta Gorda Army Airfield along the West side walls of the hallway between Arrivals and Departures. Staff Recommended Action: Staff recommends the Authority approve hanging of the pictures detailing a chronological history line of the Punta Gorda Army Airfield. e) I-75 Billboard 1 year agreement: Carter Billboards will allow the Authority to advertise 12 months at a discounted rate of $1500 NET per month waiving the $750 production cost or 6 months at $1500 NET per month with a one-time $750 production cost. The billboard is located on I-75 just south of US 17 and facing southbound traffic. Staff Recommended Action: Staff recommends the Authority approve a 6 month agreement at $1500 NET per month with a one-time $750 production cost for advertising on the billboard located on I-75 just south of US 17 and facing southbound traffic.

4 CHARLOTTE COUNTY AIRPORT AUTHORITY MINUTES OF REGULAR MEETING APRIL 20, :00 A.M Call to Order 2. Invocation 10 Commissioner Deutsch gave the invocation. 3. Pledge of Allegiance Roll Call Present: Vice-Chair Herston; Commissioners Coppola, Hancik and Seay; Executive Director Parish; Attorney Carr; Mrs. Cauley; Ms. Desguin; Mr. Laroche; Mr. Mallard; Mr. Ridenour; Mrs. Jennifer Smith; Mrs. Judy Smith. Others present: Commissioner Deutsch, Councilwoman Prafke, Jim Kaletta, Alan Boynton, Mark Kistler, Jeff Tuscan, Lionel Schuman, Mike Mapstone, Bob Herrington, Gary Harrell, Stan Smith, Bret White, Dave Goode, Gary Bayne, Ned Rose, Jim Deutsch, Joe Makray and other people from the private sector. Absent: Chair Andrews. 5. Citizen s Input Lionel Schuman Commented on the Aviation Appreciation Day barbeque and it was very much appreciated by all. Gary Jacobs Suggested for the Canadians who want a hangar should be on an only if space is available basis. He commented on people having just airplane parts in a hangar and being full of other things and the hangar being used for car repairs and storage. Stan Smith He thanked the Authority for Aviation Appreciation Day and commented that it was well run. He commented on his background. He commented on the hangars. He commented that he would be happy to go and talk aviation to any of the schools. 6. Additions and/or Deletions to the Agenda Mr. Parish asked that the Audit Presentation be moved to after the Consent Agenda. 7. Consent Agenda Commissioner Seay made a motion to approve the Consent Agenda. Commissioner Coppola seconded. Motion passed unanimously. 14. New Business

5 CCAA Minutes Regular Meeting 2 April 20, a) Audit Presentation Jeff Tuscan pointed out that the opinion section on page two of the audit and that it is the highest level of opinion and auditor can issue. (copy of the audit attached) He commented on the FRS liability increase and that is not a bill the Authority must pay because it changes every year. Commissioner Hancik asked if the liability must be covered by cash or is it a paper thing. Mr. Tuscan commented that it is a paper thing at this point because there is not a requirement. He commented on the Management s Discussion and Analysis that compares this year to the past year. He commented on the compliance test and that the Authority has already taken corrective action on their fixed assets control. He commented that the Authority complies on their grants and in compliance with where the Authority s cash and investments are held. He commented that the graphs allow the Authority to compare the trend analysis. He went over the graphs (copy attached). Vice-Chair Herston asked about depreciation assets being separated. Mr. Tuscan commented it could be done but there is really no need because the Authority does not pay taxes. Commissioner Coppola asked if there was enough in the reserve account for repairs. Mr. Tuscan commented that graph five shows the amount in reserves and is in better shape than three years ago. He commented on grants. Mr. Parish commented on the monies that are waiting to be collected from the FAA for the fire truck and bag belt system which will bring the reserves back up. Mr. Tuscan that the Authority operates as an enterprise fund and are supposed to abide by the same method as a for profit business would and there is talk about changes. He commented that he will be holding the seminar in October and will have more information. Commissioner Seay made the motion to approve the audit. Commissioner Coppola seconded. Motion passed unanimously. 8. Secretary/Treasurer s Report Mr. Parish reported on the income and expense statement. He commented that the account receivables are down considerably and will be writing off a couple of small debts. Vice- Chair Herston commented on the payment to Fire/EMS. Mr. Parish reported that January and February showed the payments. 9. Committee Reports a) Land Use - Vice-Chair Herston reported that there are a lot of big projects out there on the private side. b) Metropolitan Planning Organization Vice-Chair Herston commented on the rest area for I-75 and the upcoming dates for various MPO meetings and that he had some information he will give to Commissioner Seay. c) Personnel Commissioner Coppola had nothing to report. d) Public Relations/Special Events Commissioner Coppola commented on the plaque the Authority received from the warbird group that was at the airport, the tourism luncheon, Florida Sheriff s Youth Ranch fundraiser, public safety appreciation luncheon, press articles and the upcoming Florida Airports Council conference.

6 CCAA Minutes Regular Meeting 3 April 20, e) Governmental Liaison Commissioner Seay reported that Jerry Paul and Rob Shave the Authority s legislative liaisons gave her a report which stated that the budget has not been completed. She suggested that the Authority should be planning ahead as there may be funding available and to look at that prior to October. She commented on some of things that may affect the airport and they include a statewide oversight of the transportation network companies which has gone to the Governor for signature. She commented on the article about the Tampa International Airport and the proposed overspending of their terminal project. f) Economic Development Mr. Parish reported that the Authority has just completed their Economic Impact Study that will be presented at the workshop next month. g) Aviation Activities Report Commissioner Hancik commented the passenger report is positive and fuel sales. He commented that he would like to see the revenue that is generated by the gallons pumped to the airline. Mr. Parish commented that Allegiant is bringing a proposal to expand the fuel farm. He explained they would pay for it and the Authority would renegotiate with the fuel supplier a gallon fee that would pay for the fuel farm. There was discussion on fuel prices. Vice-Chair Herston asked if Commissioner Hancik wants the per million gallons. Commissioner Hancik commented he wants it on a month by month basis by what is pumped. He commented on the costs involved with a fuel farm. He reported on the tower operations and T-hangar vacancies. 10. Attorney s Report Attorney Carr reported that on the POA litigation he has asked for a Stay on any further proceedings due to rise in legal fees. He commented that he has worked on the interlocal agreement associated with the fire fighters and will be sent to the County after approval of a draft. He commented that there was a meeting with Western Michigan University to get more details as to what they would like as deliverables and they are still formulating that. He commented that WMU are to draft a format that will be incorporated into something the Authority can live with and put into a working document. Commissioner Coppola asked when construction will start. Mr. Parish explained they will move into their building July 1 st and the County leased the building and they are doing the modifications to it. Commissioner Deutsch comments were inaudible as he did not go to the podium. Commissioner Seay commented that she attended an event and there were people asking about how they can enroll. She went over the three programs Western Michigan will be offering. She commented that Western Michigan University is hiring people. Commissioner Coppola commented on the scholarships offered by the Florida Airports Council (FAC). Mr. Parish commented that FAC has reached out to Western Michigan. 11. Director s Report 45 a) Development Update Mr. Parish reported on the T-hangar door replacement going back out to bid and will be addressed later on the agenda, close out of the parking lot expansion, taxiway alpha will be inspected by the FDOT, the closeout documents have

7 CCAA Minutes Regular Meeting 4 April 20, been sent to the FAA and FDOT on the terminal and staff needs to talk with the FAA on some issues with the closeout, airfield maintenance equipment was rebid and will be covered under Old Business on the agenda, Western Michigan and employee parking lot is under construction, rental car expansion is underway, the air carrier ramp expansion is ongoing and the crash bar repairs in the parking lot. He commented that the airport was designated as a Strategic Intermodal System (SIS) facility which allows for additional grant sources with FDOT. b) Master Plan Mr. Parish reported that the consultants will be here to discuss the alternative analysis for the terminal complex. He commented that once it is all together there will be another public meeting as well as a stakeholder meeting. He commented that they have kicked off the environmental assessment. Commissioner Hancik asked about the environmental assessment moving up. Mr. Parish commented that they are doing everything they can before the alternatives are done. c) Gulf Contours Tour Mr. Parish commented that Mr. Goin has requested that after the meeting for the Board to stop over at his facility to take a tour. He commented that staff will be working on a new lease. d) Western Michigan University Update Mr. Parish reported that there was a meeting with them to discuss the steps to move forward. He commented that the Authority gave them a lease back in December of 2015 and touched on a few things and then it went silent. He explained that before FDOT can enter into a JPA with the Authority to build portions of WMU s facility but the Authority must have an agreement with WMU. He commented that he and Attorney Carr are working with them to put together a document that will outline the steps and then be followed by a lease. He commented that things are progressing and WMU is moving into a temporary facility. Commissioner Coppola asked if FDOT had a situation like this where a college wanted to move onto an airport. Mr. Parish gave examples of other airports that have a college. He commented that when FDOT gives the Authority money it is money that the Authority has generated through fuel sales tax and the FDOT expects the Authority to make a return on the money. He commented that whatever goes into that project must to be matched by WMU and must be eligible for the project under FDOT rules and there must be a lease between the Authority and WMU. e) Enterprise Car Rental Automated Car Wash Mr. Parish explained that Enterprise Car Rental is looking at automating their car wash and have requested that the Authority participate in the water, sewer and electric requirements and those will stay here. He commented the Authority can either say yes or no. He commented that the fees are estimated between $26,000 and $36,000. He commented that Enterprise will be putting in about $125,000 worth of equipment. He is hoping big enough service can be brought in in case another rental car company wants to do it. Commissioner Hancik commented on the Authority paying for the car wash facility and fuel tanks. Mr. Parish commented that the Authority received a 3,000-gallon tank for free. Vice-Chair Herston asked if it will benefit the Authority with their future expansion and maybe pay part of it. Mr. Parish explained the plan is to tap the city line and to tap the overhead three phase electric. Vice-Chair Herston asked how much the three phase would cost. Mr. Parish commented that it is

8 CCAA Minutes Regular Meeting 5 April 20, between $19,000 and $27,000 and water is a short run at $7,000 or $9,000. Commissioner Coppola asked how much a year the Authority makes on the rental cars. Mr. Parish commented that it is $3.2 million. Commissioner Hancik commented that he has issues providing subsidies. He commented that with the Master Plan and with their growth there may be a consolidated rental car facility somewhere else on the airport. Commissioner Seay commented that it is worth considering. She asked what are the benefits to the Authority and the growth potential for the rental car companies and what is the bottom line back to the Authority. Mr. Parish commented that when discussion started on this would speed up the washing process which will slow the need for expansion. He commented on how the rental car fee to the Authority is set up. He commented he was looking for consensus to do it or not. He commented that Enterprise just signed a three-year deal with Allegiant. Commissioner Coppola asked where the costs came from. Mr. Ridenour explained that he got prices from contractors, Florida Power & Light and the City of Punta Gorda. There was discussion on the fees and if they can be recaptured and how. Mr. Parish explained how the fueling facility for the rental cars was accomplished and the income derived from it. There was consensus to look into recapturing the funds the Authority would spend. f) FASD (Orlando, FL June 12-15) Mr. Parish commented that the Board approved travel to the Florida Association of Special Districts conference and no one has indicated they are attending. He asked that they let Mrs. Smith or Ms. Laishley know. 12. Citizen s Input Joe Makray Commented that he is on the waiting list for a hangar and wanted to know what the Authority can do with those who have other things in their hangars other than an airplane. Mr. Parish commented that all the non-aviation tenants have been removed from the hangars. Mr. Makray commented that there are some that are full of junk. Mr. Parish commented that hangar inspections are done and are removing those who are not meeting the FAA standards for T-hangar occupancy. He asked that Mr. Makray let the FBO know what hangars he feels are in violation. Meeting recessed at 10:40 a.m. and reconvened at 10:51 a.m Old Business a) Airfield Mulcher Equipment Award Mr. Parish explained that the Authority put out a bid for a mulcher to cut underbrush and received one bid. He commented that FDOT asked that the Authority rebid it and have received four bids. He commented staff sent the FDOT a recommendation of award and they have concurred. He asked for a motion to award the bid to Marden Industries, Inc. d/b/a Supertrak. Commissioner Hancik made the motion to award the bid to Marden Industries, Inc. d/b/a Supertrak. Commissioner Coppola seconded. Motion passed unanimously. b) PFC Commissioner Hancik stated for the record that he wanted to express his concerns about the $2.50 PFC Passenger Facility Charge which was probably recommended by AECOM, the Authority s consultant. He commented that the $2.50 will reimburse the

9 CCAA Minutes Regular Meeting 6 April 20, Authority for half of the project plus wetland mitigation. He commented that staff said that $2.5 million that is leftover for wetland mitigation is short by $2.5 million dollars. He read a quote from the newspaper. He commented that what he is saying is if the wetland mitigation cost is $5 million the PFC should have been higher. He commented that he understands what the FAA says and that the PFC relationship to an airport putting it in place is subject to FAA approval, airline input and approval. He commented that he has not been in the business for a while but he does not know of any airport that the PFC request has not been justified. He commented that as he understands it, the Authority has a justifiable PFC program that would assure the money. He commented that he understands that the Authority can go back and reup it. He opined it would have been nice to have all the money for the wetland mitigation program fully funded and moving forward with it. He commented that at some point in time the Authority needs to get going even though the Authority has not started to collect the PFC from July. He commented that the Authority needs to consider the amendment process from now for the wetland mitigation if that is the way the Authority wants to go on projects. He commented he understands that the Authority needs entitlement money but entitlement money is a valuable source of income for other types of projects other than wetland mitigation. Vice-Chair Herston commented that wetland mitigation bank prices fluctuate up and down and it would be time of need and permitting through the Corps. Commissioner Hancik commented on the money for the wetland mitigation. Mr. Parish explained that the Authority will be doing a PFC application shortly after the Master Plan is completed for $2.00 per enplanement. Commissioner Coppola asked if Commissioner Hancik wants to raise it. Commissioner Hancik commented that he never saw what the consultant justified for what the PFC should be based on by the Capital Improvement Program. He commented for the record that $2.00 is insufficient and the consultant should have recognized it. b) Revenue Loss Due to ARFF Expense Commissioner Hancik stated for the record the Authority is, and should, be paying the County for Crash Fire Rescue services for $600,00.00 plus a year. He opined it is a revenue loss. He commented that the loss and the cost to the Authority is directly related to the airline service. He asked if the Authority should be looking at opening up the airline contract to recover the $600, He commented that Allegiant would have to raise their ticket prices. He asked what the Authority is doing to recover that $600, and directly relate that expense to the airline. He understands the argument and current philosophy that the airport is getting plenty of money from rental cars and the parking lot. He commented that the Authority gets very little money from the airline operating fees. He commented that there is a fear that Allegiant will pick up and leave. He opined that he did not think that will happen but there is always a risk. Commissioner Coppola asked if the airline will pick up and leave. Commissioner Hancik commented that is why they don t have a landing fee and it is very inexpensive to come to the airport. He opined that at some point in time the Authority needs to recover some revenue stream that is for everything the airline uses. He commented that it is his personal opinion and based on his experience and wanted to get that in the record. Commissioner Seay commented that the Authority is talking about the funding of the airport and make sure it operates as it should. She commented on the three parts to the airport and the three parts need to work together to assure proper operations. She commented the income the Authority receives from those areas goes to support all the

10 CCAA Minutes Regular Meeting 7 April 20, airport. She commented on the income directly received from the airlines which include fuel pumped and rentals. She commented there are indirect receipts which include $3.2 million from rental cars and parking lot revenue. She commented that she understands Commissioner Hancik s concerns and desires and is on the right track but opined it is premature for the Authority to consider adding costs to an airline that is already putting in a great deal of money. She commented on establishing Punta Gorda as a destination so Allegiant does not want to leave. Commissioner Hancik commented on subsidizing airlines to establish a market and that Allegiant has established a market. He commented on there not being revenue coming from the airline itself. He commented that he is an old-school airport guy and that is where all his comments come from. He commented he understands times have changed. Mr. Parish commented on the PFC s that Allegiant passengers pay. Commissioner Seay commented on airline subsidies and when the subsidies go away so does the airlines. She commented on if the airline goes away so does the revenue from the rental cars and parking lots. She commented the model the Authority has created and is a positive. She commented as Commissioner Hancik indicated looking at it in the future maybe the Authority does need to readdress it but as it stands now she opined that the Authority has a very good model that is working well for this airport and shows in the audit report that the Authority is doing well. Commissioner Hancik commented that the Authority operates as an Enterprise Fund and are in business, somewhat, to make money. He commented that he just wanted on the record that he strongly supports a higher PFC and the Authority needs to recover the $600, for Allegiant operating. Mr. Parish commented that Allegiant is talking to the Authority about expansion of service. He commented that if Allegiant can t make money they will not be here. He commented on the fees a passenger pays and entitlement funding. He commented that the Authority s model works for the Punta Gorda Airport, it works for St. Augustine and Pease but does not work for everybody. Commissioner Hancik commented that he just wanted to be on the record his thoughts about it. c) Title Change Commissioner Hancik commented that he has been asked questions about Mr. Parish changing his title to President and Chief Executive Officer and how did that come about. Mr. Parish explained that when he became Executive Director he called Chair Andrews and asked him if he had any concerns with him changing the title. He commented that he wanted to change the entire structure and there was confusion over the director names that were being used for him and Mr. Mallard. He commented that it is very common in the airports that are run by themselves. He named some of the titles at other airports. Commissioner Seay commented that as Commissioner Hancik pointed out that the Authority is being run as a business and it makes sense. She commented on the structure of titles for airports that are a department of a city or county. Vice-Chair Herston asked if the Authority was to have a corporate image does everyone s title need to be addressed. Mr. Parish commented that he has done that with some of the previous titles. He commented that he does not have an opinion on it. Vice-Chair Herston suggested seeing the organizational chart and suggested bringing it back up at the workshop and then vote on it at the next meeting. 14. New Business

11 CCAA Minutes Regular Meeting 8 April 20, b) FAC (Miami, FL July 23-26) Mr. Parish explained the Florida Airports Council meeting is Miami and travel needs to be approved for the Board. Commissioner Seay made the motion to approve travel the Board and staff who wish to attend the Florida Airports Council conference. Commissioner Coppola seconded. Motion passed unanimously. c) ECEC Mr. Parish commented that he needs come clarification. He commented that he is a board member on ECEC board. He commented that the Authority is a permanent member which means he is a voting member voting as the Authority representative. He commented that he does not have the ability to talk with the Authority s Board members before he votes. He commented that he has abstained from votes that are conflicts. He asked for the Board s opinion and how do they want him to proceed. Commissioner Seay asked what other governmental entities are on the ECEC board. Mr. Parish commented that the Authority is the only one. Commissioner Hancik opined that the Authority is an economic generator for the community and should have a member there. Mr. Parish commented that the County s economic office is the staff for the ECEC but are not voting members. Vice-Chair Herston asked if it would be wise if the Authority refrained from being voting members. He asked if Mr. Parish could resign as a voting member. Commissioner Seay suggested if it relates to the airport, abstain if not go ahead and vote. Mr. Parish commented he may support something that multiple Board members may not. Councilwoman Prafke explained that the City are not members but they attend the luncheon following the ECEC Board meeting. She commented further but was inaudible because she did not go to the podium. Attorney Carr asked if Mr. Parish is a voting member because he was elected or because of a contribution made by the Authority. Mr. Parish commented originally the Authority was elected and this year they voted to select certain permanent members. He commented that the Authority is one of those because the ECEC feels that the Authority in influential for economic development. He commented that his concern is that the Authority is the only governmental entity that has a voting position on their Board. Attorney Carr commented that Mr. Parish could permanently abstain. Mr. Parish commented that the Authority wants to be on the Board to influence things but does the Authority want to be a voting member. Attorney Carr commented that Mr. Parish can be a voting member as long as he permanently abstains and he would be there for input but when a vote is made he abstains permanently because he represents an elected body. He opined that is a feasible posture assuming the ECEC is acceptable to that. Mr. Parish suggested that Attorney Carr and he draft a letter to the ECEC Board making that the Authority Board s recommendation. d) SJPA Resolution T-Hangar Doors Mr. Parish explained this item is a Supplemental Joint Participation Agreement with FDOT. He commented that this is the second installment to the agreement. He commented that there needs to be approval of the Resolution. Commissioner Seay made the motion to approve Resolution for the T-hangar door replacement project for $350, Commissioner Coppola seconded. Motion passed unanimously. e) T-Hangar Development RFP Mr. Parish explained that there is a waiting list for hangars. He commented that he would like to put together a RFP for a public/private

12 CCAA Minutes Regular Meeting 9 April 20, partnership where a private entity comes in and leases the land and builds the hangars so the Authority is not financing the project. He commented that there is very little FDOT money for T-hangar projects. He commented that he would like to get a deposit from those on the waiting list that way the developer would know that there are interested people. He commented that there could be a management agreement where the Authority would continue to lease the hangars and get a small portion of the lease amount for managing it. Commissioner Coppola asked if the Authority would be conducting the inspections. Mr. Parish commented that if it is on the airport it is a requirement. Commissioner Hancik commented that this is a common practice at airports. He suggested not limiting it just to T-hangars but box hangars as well. Commissioner Seay asked it would be north of the 600 series. Mr. Parish commented that it would be north of 605 and it would be 606. Commissioner Seay direct staff to prepare a RFP that would pursue private hangar construction and development on land north of the 600 series. Commissioner Coppola seconded. Motion passed unanimously. f) New Cell Tower Mr. Parish explained that a cell tower developer has determined that a cell tower needs to go off Challenger Blvd. He commented that he does not know if it would be approved by the County. He commented that he would like to spend the money for an Airspace Study to make sure it will not interfere with everything that the airport is currently doing. He commented that the reasons he would prefer it is on the airport is the Authority could control it and if they are not on the airport they could go across Challenger Blvd. and the airport would have all the same problems but less control. He explained what the study will consist of. Commissioner Hancik commented he understands the concern about it going across the street. Mr. Parish asked if the Board wants to say no and then track to where they ultimately go and make sure it does not affect the airport. He commented that the Authority may have to do a study anyway to fight it or proceed with the study and find out if the Authority should say no. Discussion ensued. Mr. Parish commented that he wants to make sure it doesn t detrimentally affect aircraft whether on Authority property or across the street. Commissioner Seay opined that she would like to see a study. She opined that the Authority would have some ammunition to fight it if it is bad for the airport. Commissioner Seay made the motion to approve spending $2,400 for the study. Commissioner Coppola asked if they are going to build it here or across the street. Mr. Parish commented that those are the two locations. Commissioner Coppola seconded. Commissioner Hancik commented that he sees what Mr. Parish is saying but there will be an opportunity in the future, if it goes across the street, to fight it. Commissioner Seay and Vice-Chair Herston cast yea votes. Commissioners Coppola and Hancik cast nay votes. Commissioner Seay asked that it be placed on the agenda again for the next meeting. Commissioner Hancik commented that it affects 9/27 approach. Commissioner Seay commented that having a study would make the Authority s argument stronger to protect the airport whether it is on the Authority s side of the street or on the other side of the street. Commissioner Hancik suggested finding out where they are going to put the tower before doing a study. g) Minimum Standards Mr. Parish commented that in December an updated Minimum Standards was distributed and is on the website. He commented that the Authority requested comments from airport stakeholders and they have been received and addressed.

13 CCAA Minutes Regular Meeting 10 April 20, He explained that Minimum Standards were developed by Kaplan and Kirsch the Authority s aviation attorney s. He commented that the Authority s Minimum Standards have not been updated in almost twenty years. Commissioner Hancik commented that he just got them and asked who are the stakeholders. Mr. Parish explained that they are the users of the airport and were ed a notice. Commissioner Hancik commented that he has some questions. Commissioner Seay asked if these are the same Minimum Standards that they received in December. Mr. Parish commented that there were several comments that have been incorporated into the new document. Commissioner Seay suggested that since the document has been amended to send to the Board a copy of the changes. She commented that she did not see a reason to workshop this and to put it on the agenda for the next meeting. h) IDA Land Lease Swap Mr. Parish explained that a few years ago the IDA had come to Mr. Quill and requested a swap for approximately 120 acres of land for a parcel on the airport. He opined that Mr. Quill was never comfortable with a land swap. He commented that they have come to him with the same question. He commented that he suggested the land for a thirty-year lease so the Authority is not losing their land. He commented that with the appraisal rates it could be a twenty-acre swap for the IDA s 120 acres. He commented before he moves forward he would like to know if the Board has any feelings on it and it would have to go to the FAA for approval. He commented that he has concerns that he does not want another entity to have a piece of land that can be used for a developer for free when the Airport Authority is trying to lease land. He commented that there would have to be a schedule when they must build. Commissioner Seay asked what is the likelihood that the Authority would use the IDA property for anything. Mr. Parish commented that the use is limited and some of the constraints with the property are access and other problems. He commented that he is asking if the Board wants to move forward with this. He commented that Mr. Quill and the Board in the past has said they needed the land. He commented that this is a mechanism to get the land and is not sure the FAA would approve it or if the County Commission would approve it. Commissioner Hancik asked if this was on the Master Plan and commented on the cost of developing it. Mr. Parish commented on the security issues and that ultimately the Airport Authority needs to control it. There was further discussion on this item. Commissioner Seay asked if the IDA has someone in mind. Mr. Parish commented that the IDA indicated they can build out five acres. Commissioner Seay suggested discussing this with Commissioner Deutsch. Mr. Parish commented that he will bring this back at a later date. Attorney Carr commented that the land is owned by Charlotte County. Mr. Parish commented that he has been meeting with the IDA and the IDA s attorney and he thinks the County deeded it to the Industrial Development Authority (IDA). i) Board Workshop Mr. Parish explained the Authority has a workshop scheduled in May and there are some items that need a vote. He suggested scheduling a Special Meeting immediately preceding the workshop at 8:45. Commissioner Seay made the motion to schedule a Special Meeting of the Airport Authority at 8:45 a.m. May 18 th proceeding the Authority s workshop which will immediately follow the Special Meeting. Commissioner Coppola seconded. Motion passed unanimously.

14 CCAA Minutes Regular Meeting 11 April 20, Citizen s Input Councilwoman Prafke Commented that the City Council asked her to address the Board and would like to request better communication about the airport including what is going on, when, why and how. She commented on confusion who owns the airport. She explained on some of the things the City does to improve their communication. Mr. Parish commented that in the last six months the Authority has started a Facebook page, started a Twitter account and everything that is in the Board packet is on the website. He will get with staff. There was discussion on population turnover. Lionel Schuman Commented that it is important the Authority stay proactive on items such as the cell tower. Mr. Parish commented that the Authority has a good relationship with the County and City on new development. Mr. Schuman commented that the Authority does not have to make a profit to satisfy investors and stockholders so anytime you hit up the airline the passenger is going to pay more money for a ticket. 16. Commissioner s Comments There were none Adjournment Meeting adjourned at 12:33 p.m. Paul Andrews, Chair 25 Kathleen Coppola, Secretary/Treasurer

15 CHARLOTTE COUNTY AIRPORT AUTHORITY MINUTES OF SPECIAL MEETING MAY 18, :45 A.M Call to Order Chair Andrews read the meeting notice into the record (copy attached) Invocation Commissioner Coppola gave the invocation Pledge of Allegiance 4. Roll Call Present: Chair Andrews; Commissioners Coppola, Hancik, Herston (arrived at 8:50 a.m.) and Seay; Mrs. Cauley; Ms. Desguin; Mr. Ridenour and Mrs. Jennifer Smith. Others present: Steve Henriquez, Jim Kaletta, Mike Mooney, Bob Harrington, Gary Harrell, Lucienne Pears, Mike Mapstone, Jennifer Hamilton, Alan Boynton, Paul Piro, Kelly Rubino, Dave Goode, Commissioner Deutsch, Jerry Paul and other people from the private sector. 5. Citizen s Input 6. Minimum Standards 30 Mr. Parish suggested moving the other two items forward while waiting for Commissioner Herston to arrive. 7. Resolution for FIDO and Weather Equipment Mr. Parish explained that after the construction of the tower, the FAA decertified the Authority s secondary weather equipment and have never certified anything to replace it. He commented that the Authority has been waiting for the FAA to certify a new system and they finally have. He commented that the Authority is also in line for FIDO and will put it in which will be an upgrade to the tower. He commented that FDOT was asked if they would fund fifty percent of it and they have put it in one grant. He commented that the Resolution will be accepting the JPA which is $57,000. Commissioner Hancik made the motion to accept the JPA for FIDO and weather equipment. Commissioner Coppola seconded. Motion passed unanimously. Commissioner Hancik made the motion to adopt Resolution as written. Commissioner Coppola seconded. Motion passed unanimously. 8. T-Hangar Doors Replacement Project

16 CCAA Minutes Special Meeting 2 May 18, Mr. Parish explained that the Authority bid the T-hangar door project and the bid was rejected because it was above the engineer s estimate. He commented the project was rebid and one bid was received that is within the estimate. He explained that Alen Construction Group is the low bidder and they were the low bidder on a similar project at the Naples Airport. He commented that he is asking for a motion to accept the contract for new hangar door replacements in the amount of $577, Commissioner Hancik asked who is the door manufacturer. Mr. Parish commented that it is Higher Power. He commented that the Authority will be replacing very old bi-fold doors that the Authority can no longer get parts for. He commented that FDOT has approved the project. Commissioner Coppola made the motion to accept the bid of $577, from Alen Construction Group for the purchase and installation of T-hangar doors. Commissioner Seay seconded. Motion passed unanimously. 6. Minimum Standards Mr. Parish explained that the original Minimum Standards have been updated and were sent to the Board in December. He commented that the changes that were made to the December document were sent to the Board after the last meeting. Commissioner Coppola asked if there were any significant changes from the original document. Mr. Parish explained that the original Minimum Standards were from the 1990 s and this was a total rewrite. He commented that the airport has grown and there are things that had to be included. He commented that the Authority hired Kaplan Kirsch and Rockwell who have been doing the Authority s aviation specific work and put the Minimum Standards together. They were edited, with their assistance, to fit the Punta Gorda Airport. Commissioner Hancik opined that skydiving should not be allowed. Mr. Parish explained that the FAA grant assurances say that it cannot be not allowed. Commissioner Hancik asked if it should state CFR s, FAR s and State Statues that this is where the authority comes from. Mr. Parish commented that Kaplan Kirsch stated that there is a recommendation that airports have minimum standards but is not required. Commissioner Hancik commented that there should be something that states the Airport Authority has the authority to do this. Attorney Carr commented that statutes are subject to repeal and the numbers change and suggested it should be sited in general. Commissioner Hancik commented that he did not see a definition for an airline in the definitions. Mr. Parish commented under A. for aeronautical use it says air carrier operation (airline passenger and air cargo). Commissioner Hancik commented that airline is not mentioned in there. Mr. Parish commented that Kaplan and Kirsch commented that it would not be part of the Minimum Standards but included in the contract with the airline. Commissioner Hancik commented that it defines how a third party could come on to the field and provide fueling. He asked if the Authority is opening the door for someone to come in a have a fueling operations. Mr. Parish explained not without the direct consent of the Board. Commissioner Hancik commented on single engine mechanics through the fence and not twin mechanics. He commented that it says Airport Director instead of Executive Director. He commented that it prohibits through the fence operators and asked if should say except for the existing one. Mr. Parish commented that the FAA ruling is that they do not want through the fence and the Authority already has an agreement. Commissioner Hancik asked about the single

17 CCAA Minutes Special Meeting 3 May 18, and twin mechanic being looked at. Mr. Parish commented that it can be looked at. He commented that Commissioner Hancik also had a question about the ten-mile bank limitation. He explained that was put in because if the Authority has an insurance claim and the insurance company pays the Authority and there is a dispute the money has to be deposited in a local bank. He gave the example of another entity that had problems with the money not being local. Commissioner Herston agreed with the issue of single and twin engine mechanics. He asked about the tower statement and the Unmanned Aerial System Operator. Mr. Parish commented there is a permit to operate a drone and it states the drone operator must contact the airport. He commented that the Authority has an agreement with the tower they will collect the forms and be the contact for the drone operator. He commented that the Authority does want them to contact the airport because the tower does close. Commissioner Herston commented on the flying club language. Mr. Parish commented that the Authority wanted a list of all designated representatives of the flying club. Commissioner Hancik commented on prohibiting drones and parachute jumping. Mr. Parish read the reply from Kaplan Kirsch on prohibition of aviation activities. He commented on the unjust discrimination clause in the FAA grant assurances. He commented on the FAA having strict rules on drone operations and that this will give the Authority some control over what they operate. He commented that this is not only for small drones but one hundred pound drones that operate off a runway. He commented on an airport to the north that has an active jump school. He commented that he would like to see the Minimum Standards looked at every other or once a year. Commissioner Herston made the motion to approve the Minimum Standards for commercial aeronautical activities at the Punta Gorda Airport dated April 2017 as amended regarding offsite mechanics relating to twin vs single engine aircraft. Commissioner Hancik seconded. Motion passed unanimously. 9. Adjournment 30 Meeting adjourned at 9:14 a.m. 35 Paul Andrews, Chair Kathleen Coppola, Secretary/Treasurer

18 Customer Name Accounts Receivable Over 60 Days As of May 31, 2017 Phone Number Hangar/ Location 0-30 Days Days Days 91 and Over 0.7 Total Balance at 5/31/17 Explanation Armstrong, Bruce $ $0.00 $3, $0.00 $3, Annual Hangar lease renewal Cella, Jack W $53.50 $53.50 $53.50 $0.00 $ Lease: End unit Charlotte Flyers $ $ $ $8.02 $ PAID IN FULL 6/6/17 Look, Steven W $ $ $ $ $ Lease: Contacted customer to settle past due balance Vancil, Alfred $ $ $ $ $1, PAID IN FULL 6/2/17 Zettle, Paul $3.93 $5.43 $0.00 $ $ T Hangar Lease. Moved out in November, LMR and SD applied to balance Customer is paying $ per month to settle balance All Other Current Customer Balances $78, $67, $0.00 $0.00 $146, Totals $79, $67, $3, $ $152, Allowance for Doubtful Accounts $0.00 $0.00 $0.00 $0.00 $0.00 TOTAL $79, $67, $3, $ $152, /8/2017 H.Straw

19 P & L SUMMARY PAGE MAR BUDGET VAR YTD BUDGET VARIANCE TOTAL OPERATING REVENUES 1,244, ,212, , ,046, ,708, , OPERATING EXPENSES 905, , , ,446, ,179, , OPERATING GAIN/LOSS 338, , (40,656.32) 1,599, ,529, , NON OPERATING EXPENSES (10,322.44) (10,706.00) (238,660.14) (64,185.00) (174,475.14) GAIN/LOSS AFTER NON OPERATING EXPS 328, , (40,272.76) 1,360, ,465, (104,412.91) CAPITAL CONTRIBUTIONS (Grants) 214, , , ,057, , ,039, NET POSITION W/CONTRIBUTIONS 542, , , ,418, ,482, , CAPITAL EXPENDITURE NET CHANGE IN F/A (Additions) (37,320.02) (37,320.02) (265,713.67) (210,100.00) (55,613.67) NET CHANGE TO CIPS (Additions) (220,038.26) (105,225.00) (114,813.26) (1,648,831.22) (244,532.00) (1,404,299.22) NET CHANGE TO SIB LOAN (Accrued) (45,675) (45,675.00) (274,050.00) (274,050.00) NET CHANGE TO RESERVES (11,375.00) (69,406) 58, , (446,605.21) 826, NET GAIN OR LOSS 228, , , , , , P&L SUMMMARY MAR 2017

20 Charlotte County Airport Authority STATEMENTS OF REVENUE, EXPENSES AND CHANGES IN NET POSITION (Income Statement) For the Six Months Ending Friday, March 31, 2017 March Actual Budget Variance YTD Actual Budget Variance OPERATING REVENUES Fuel and Oil Sales $303,564 $334,977 -$31,413 $1,398,751 $1,370,759 $27,992 Industrial and Commercial Park Leases 92,496 93,608-1, , ,741-29,960 T Hangar Rentals and Tiedowns 68,609 63,242 5, , ,114 28,802 Concessions, Vending and Fees 1,612 1, ,668 6,924 2,744 Airline Related Revenues Advertising 2,083 2, ,313 7,149 5,164 Auto Parking 165, ,745 20,634 1,085,278 1,027,210 58,068 Car Rentals,Security & Fuel Fees 523, ,600 15,587 2,184,966 2,034, ,480 Concessions Food & Beverage 45,975 24,315 21, ,714 96,333 87,381 Ground Handling Fuel 13,694 19,266-5,572 68,709 86,678-17,969 Ground Transportation ,000 11, Terminal Use Fees 13,954 11,210 2,744 82,859 67,260 15,599 LEO Award 13,612 9,832 3,780 65,804 58,992 6,812 Sida Badging ,052 1,560 2,492 Total Airline Related Revenues 778, ,445 58,610 3,698,820 3,391, ,667 Other Revenues TOTAL OPERATING REVENUES $1,244,336 $1,212,407 $31,929 $6,046,236 $5,708,691 $337,545 OPERATING EXPENSES Salaries & Wages $248,138 $253,068 -$4,930 $1,224,673 $1,296,366 -$71,693 Payroll Taxes & Retirement 47,741 40,378 7, , ,237-10,571 Personnel Expenses 51,006 53,383-2, , ,275-4,747 Cost of Fuel & Oil Sales 172, ,086-19, , ,051 28,493 Advertising , Bank Charges 5,144 6,973-1,829 23,874 26,807-2,933 Dues & Subscriptions 4,417 2,250 2,167 27,236 13,500 13,736 Insurance 36,983 25,301 11, , , Legal & Professional 17,700 20,175-2, , ,259-24,555 Licenses & Permits ,628 2, Marketing & Promotional 3,246 17,947-14,701 23, ,681-84,464 Mowing 509 2,000-1,491 13,028 12,000 1,028 Postage ,963 5,250-2,287 Repairs & Maintenance 67,647 38,433 29, , ,481 89,576 Computer Maintenance & Expense 18,887 10,327 8,560 75,963 63,160 12,803 Supplies 25,058 12,799 12, ,567 76,795 73,772 Communications 2,475 2, ,062 14, Travel & Auto Allowance 12,225 5,000 7,225 23,720 19,400 4,320 Utilities 30,898 30, , ,508 13,314 Security Expense 206 3,333-3,127 27,179 20,000 7,179 Airline Related Expense 160, ,754 44, , , ,254 TOTAL OPERATING EXPENSES $905,906 $833,321 $72,585 $4,446,895 $4,179,408 $267,487 OPERATING GAIN (LOSS) $338,430 $379,086 -$40,656 $1,599,341 $1,529,283 $70,058 NON-OPERATING EXPENSES Miscellaneous Revenues / (Expenses) $148 $0 $148 -$126,405 $0 -$126,405 Gain/Loss of Asset Disposal , ,383 OPEB Post Retirement Benefit Accrual ,624-4,236 1,612 Insurance Premium Refund , ,684 Interest on Investments ,300-1,373 Cost to Refinance -9,966-10, ,798-61,048 1,250 Interest Expense , ,428 Bad Debts ,633-1, NET NON-OPERATING EXPENSES -$10,322 -$10,706 $384 -$238,660 -$64,180 -$174,480 GAIN OR (LOSS) BEFORE CAPITAL CONTRIBUTIONS & DEPRECIATION $328,108 $368,380 -$40,272 $1,360,681 $1,465,103 -$104,422 CAPITAL CONTRIBUTIONS Capital Grants & Contributions 214,437 17, ,702 1,057,316 17,735 1,039,581 TOTAL CAPITAL CONTRIBUTIONS $214,437 $17,735 $196,702 $1,057,316 $17,735 $1,039,581 INCREASE OR (DECREASE) IN NET POSITION w/contributions $542,545 $386,115 $156,430 $2,417,997 $1,482,838 $935,159 DEPRECIATION Depreciation -325, ,334-81,343-1,761,601-1,466, ,598 TOTAL DEPRECIATION -$325,677 -$244,334 -$81,343 -$1,761,601 -$1,466,003 -$295,598 INCREASE OR (DECREASE) IN NET POSITION $216,868 $141,781 $75,087 $656,396 $16,835 $639,561 5/31/2017 8:11 AM

21 Charlotte County Airport Authority STATEMENT OF NET POSITION (Balance Sheet) 3/31/2017 ASSETS CURRENT ASSETS Cash and Cash Equivalents $5,898,113 Net Receivables 1,593,362 Inventories 131,936 Prepaid Expenses 81,150 TOTAL CURRENT ASSETS 7,704,561 CAPITAL ASSETS Land 5,533,331 Buildings 46,688,625 CCAA Master Plan 202,141 Capital Improvements 35,894,438 Furniture, Fixtures and Equipment 6,226,842 Donated Surplus 51,300 Less: Accumulated Depreciation (39,455,762) Construction in Progress 2,927,656 TOTAL CAPITAL ASSETS, NET 58,068,570 DEFERRED OUTFLOWS OF RESOURCES- PENSIONS 1,296,692 TOTAL ASSETS $67,069,823 LIABILITIES CURRENT LIABILITES Accounts and Contracts Payable $290,196 Accrued Expenses 626,579 Deferred Revenue 232,898 Client Deposits 171,072 Employee Deferred Compensation Plan (13) TOTAL CURRENT LIABILITIES 1,320,733 LONG-TERM LIABILITIES Estimated Liability for Compensated Absences 64,122 State Infrastructure Bank Loan 4,074,885 Net OPEB Obligation 77,917 Net Pension Liability 2,239,021 TOTAL LONG-TERM LIABILITIES 6,455,946 TOTAL LIABILITIES 7,776,679 DEFERRED INFLOWS OF RESOURCES-PENSIONS 15,369 NET POSITION RESERVES Non Catastrophic Exp Reserve 24,112 Contaminated/Pollutant Reserve 107,500 Insurance Escrow Reserve 216,392 Building Reserve 419,816 TOTAL RESERVES $767,820 Retained Earnings 57,853,556 NET PROFIT / LOSS 656,399 TOTAL NET POSITION 59,277,775 TOTAL LIABILITIES AND NET POSITION $67,069,823 5/31/2017 9:02 AM

22 Charlotte County Airport Authority STATEMENTS OF REVENUE, EXPENSES AND CHANGES IN NET POSITION (Income Statement) For the Seven Months Ending Sunday, April 30, 2017 April Actual Budget Variance YTD Actual Budget Variance OPERATING REVENUES Fuel and Oil Sales $285,468 $288,777 -$3,309 $1,684,219 $1,659,535 $24,684 Industrial and Commercial Park Leases 92,500 93,608-1, , ,349-31,068 T Hangar Rentals and Tiedowns 72,963 62,392 10, , ,506 39,373 Concessions, Vending and Fees 1,623 1, ,290 8,039 3,251 Airline Related Revenues Advertising 2,985 2, ,298 9,232 6,066 Auto Parking 158, ,307 12,803 1,243,389 1,172,517 70,872 Car Rentals,Security & Fuel Fees 511, ,647 71,388 2,696,001 2,474, ,868 Concessions Food & Beverage 40,726 26,212 14, , , ,896 Ground Handling Fuel 16,329 17, , ,702-18,663 Ground Transportation ,000 11, Terminal Use Fees 13,954 11,210 2,744 96,813 78,470 18,343 LEO Award 12,752 9,832 2,920 78,557 68,824 9,733 Sida Badging ,337 1,820 2,517 Total Airline Related Revenues 756, , ,506 4,455,035 4,042, ,176 Other Revenues 15, ,419 15, ,719 TOTAL OPERATING REVENUES $1,224,186 $1,097,599 $126,587 $7,270,423 $6,806,288 $464,135 OPERATING EXPENSES Salaries & Wages $193,096 $200,068 -$6,972 $1,417,770 $1,496,433 -$78,663 Payroll Taxes & Retirement 41,399 40,378 1, , ,615-9,551 Personnel Expenses 52,724 53, , ,409-5,157 Cost of Fuel & Oil Sales 169, ,470 1, , ,522 29,668 Advertising , Bank Charges 6,817 6, ,691 33,194-2,503 Dues & Subscriptions 3,863 2,250 1,613 31,098 15,750 15,348 Insurance 22,095 25,301-3, , ,108-2,467 Legal & Professional 15,237 20,175-4, , ,434-29,493 Licenses & Permits ,990 2, Marketing & Promotional 39,295 17,947 21,348 62, ,627-63,115 Mowing 320 2,000-1,680 13,348 14, Postage ,363 6,125-2,762 Repairs & Maintenance 38,718 28,504 10, , ,985 99,790 Computer Maintenance & Expense 5,365 10,327-4,962 81,328 73,487 7,841 Supplies 19,630 12,799 6, ,196 89,595 80,601 Communications 2,475 2, ,537 17, Travel & Auto Allowance 1,769 4,000-2,231 25,488 23,400 2,088 Utilities 35,091 30,041 5, , ,549 18,365 Security Expense 577 3,333-2,756 27,755 23,333 4,422 Airline Related Expense 164, ,659 47, , , ,057 TOTAL OPERATING EXPENSES $813,359 $745,718 $67,641 $5,260,253 $4,925,127 $335,126 OPERATING GAIN (LOSS) $410,827 $351,881 $58,946 $2,010,170 $1,881,161 $129,009 NON-OPERATING EXPENSES Miscellaneous Revenues / (Expenses) $3,799 $0 $3,799 -$122,606 $0 -$122,606 Gain/Loss of Asset Disposal , ,383 OPEB Post Retirement Benefit Accrual ,061-4,991 1,930 Insurance Premium Refund , ,684 Interest on Investments ,081 2,683-1,602 Cost to Refinance -9,966-10, ,764-71,222 1,458 Interest Expense , ,580 Bad Debts ,633-1, NET NON-OPERATING EXPENSES -$6,602 -$10,755 $4,153 -$245,262 -$74,934 -$170,328 GAIN OR (LOSS) BEFORE CAPITAL CONTRIBUTIONS & DEPRECIATION $404,225 $341,126 $63,099 $1,764,908 $1,806,227 -$41,319 CAPITAL CONTRIBUTIONS Capital Grants & Contributions 73, ,711 1,131,027 18,686 1,112,341 TOTAL CAPITAL CONTRIBUTIONS $73,711 $0 $73,711 $1,131,027 $18,686 $1,112,341 INCREASE OR (DECREASE) IN NET POSITION w/contributions $477,936 $341,126 $136,810 $2,895,935 $1,824,913 $1,071,022 DEPRECIATION Depreciation -325, ,334-81,065-2,087,000-1,710, ,663 TOTAL DEPRECIATION -$325,399 -$244,334 -$81,065 -$2,087,000 -$1,710,337 -$376,663 INCREASE OR (DECREASE) IN NET POSITION $152,537 $96,792 $55,745 $808,935 $114,576 $694,359 6/7/2017 3:18 PM

23 Charlotte County Airport Authority STATEMENTS OF REVENUE, EXPENSES AND CHANGES IN NET POSITION (Income Statement) For the Seven Months Ending Sunday, April 30, 2017 April YTD Actual Budget Variance Actual Budget Variance NET POSITION - Beginning of the Year ,345, ,345,353 NET POSITION - Year to Date $152,537 $96,792 $55,745 $60,154,288 $114,576 $60,039,712 6/7/2017 3:18 PM

24 Charlotte County Airport Authority STATEMENT OF NET POSITION (Balance Sheet) 4/30/2017 ASSETS CURRENT ASSETS Cash and Cash Equivalents $6,301,311 Net Receivables 1,395,434 Inventories 31,776 Prepaid Expenses 106,816 TOTAL CURRENT ASSETS 7,835,338 CAPITAL ASSETS Land 5,533,331 Buildings 46,688,625 CCAA Master Plan 202,141 Capital Improvements 35,894,438 Furniture, Fixtures and Equipment 6,226,842 Donated Surplus 51,300 Less: Accumulated Depreciation (39,781,161) Construction in Progress 3,234,897 TOTAL CAPITAL ASSETS, NET 58,050,412 DEFERRED OUTFLOWS OF RESOURCES- PENSIONS 1,296,692 TOTAL ASSETS $67,182,442 LIABILITIES CURRENT LIABILITES Accounts and Contracts Payable $495,878 Accrued Expenses 435,463 Deferred Revenue 221,390 Client Deposits 173,322 TOTAL CURRENT LIABILITIES 1,326,053 LONG-TERM LIABILITIES Estimated Liability for Compensated Absences 64,122 State Infrastructure Bank Loan 4,029,210 Net OPEB Obligation 78,355 Net Pension Liability 2,239,021 TOTAL LONG-TERM LIABILITIES 6,410,708 TOTAL LIABILITIES 7,736,761 DEFERRED INFLOWS OF RESOURCES-PENSIONS 15,369 NET POSITION RESERVES Non Catastrophic Exp Reserve 24,237 Contaminated/Pollutant Reserve 107,500 Insurance Escrow Reserve 217,642 Building Reserve 651,483 TOTAL RESERVES $1,000,862 Retained Earnings 57,620,514 NET PROFIT / LOSS 808,936 TOTAL NET POSITION 59,430,311 TOTAL LIABILITIES AND NET POSITION $67,182,442 6/7/2017 3:41 PM

25 Charlotte County Airport Authority Total Passengers FY 2012 thru , , , ,000 80,000 60,000 FY 11/12 FY 12/13 FY 13/14 FY 14/15 FY15/16 FY16/17 40,000 20,000 0 October November December January February March April May June July August September Total Passengers per year FY 08/09 FY 09/10 FY 10/11 FY 11/12 FY 12/13 FY 13/14 FY 14/15 FY15/16 FY16/17 October 8,258 7,606 17,783 11,690 15,433 37, ,084 November 1,077 13,411 17,571 27,164 16,720 39,040 53, ,188 December 7,305 19,341 31,763 35,678 20,769 50,774 63, ,617 January 9,587 17,283 29,628 33,988 19,225 47,091 59, ,188 February 9,995 21,991 34,072 38,695 20,939 56,001 66, ,866 March 15,013 28,534 44,449 26,630 33,779 76,917 93, ,802 April 13,751 19,390 36,394 9,343 28,203 71,894 74, ,764 May 7,759 6,629 13,685 7,486 28,479 51,752 65, June 9,521 8,238 14,130 10,382 31,915 52,167 78, July 9,190 10,262 16,292 18,652 32,888 53,826 85, August 7,652 8,326 12,942 14,131 22,377 38,744 60, September 5,547 4,830 9,409 10,871 10,559 26,423 38, TOTALS 96, , , , , , ,063 1,040,083

26 Airport Information Operations Reported By Tower Mar Apr May Air Carrier AirTaxi Military GA Total Hangars 600 Series Series Cities Served 1 Allentown, PA 19 Knoxville, TN 2 Ashville, NC 20 Lexington, KY 3 Belleville, IL 21 Louisville, KY 4 Cedar Rapids, IA 22 Moline,IL 5 Chicago O'Hara, IL 23 Niagara Falls 6 Cleveland, OH 24 Peoria, IL 7 Cincinnati, OH 25 Philadelphia, PA 8 Columbus, OH 26 Pittsburg, PA 9 Concord/Charlotte, NC 27 Plattsburgh, NY 10 Dayton, OH 28 Portsmouth, NH 11 Des Moines, IA 29 Raleigh/Durham, NC 12 Ft. Wayne, IN 30 Rockford, IL 13 Grand Rapids, MI 31 Southbend, IN 14 Greenville / Spartanburg, SC 32 Springfield, IL 15 Harrisburg, PA 33 Springfield - Branson, MO 16 Huntington, WV 34 Trenton, NJ 17 Indianapolis, IN 35 Toledo, OH 18 Kansas City, MO

27 70,000 60,000 50,000 60,512 55,376 Charlotte County Airport Authority Jet A Gallons Sold, 2016 VS ,234 62,673 49,234 FY15/16 FY16/17 March 20,060 23,692 April 20,771 19,084 May 12,675 13,180 40,000 30,000 20,000 39,870 FY15/16 FY16/17 FY15/16 FY16/17 March 60,512 55,376 April 48,234 62,673 May 39,870 49,234 10,000 - March April May 1,200,000 1,000, ,601 Charlotte County Airport Authority Airline Gallons Pumped, 2016 VS ,106, ,675 FY15/16 FY16/17 March 865,601 1,106,078 April 718, ,675 May 641, , , , , , , ,525 FY15/16 FY16/17 200,000 - March April May 25,000 20,000 20,060 23,692 Charlotte County Airport Authority Avgas Gallons Sold, 2016 VS ,771 19,084 15,000 10,000 12,675 13,180 FY15/16 FY16/17 5,000 - March April May

28 Punta Gorda Airport Master Plan Update Status Briefing for the Charlotte County Airport Authority Board June 15, 2017 Agenda Study Purpose Study Elements Study Schedule and Status Forecasts Facility Requirements Alternatives Next Steps Questions and Answers 2 1

29 Study Purpose To prepare a development plan that meets the requirements of airport customers and the community Prepare a Capital Improvement Plan that is financially feasible & environmentally sustainable Prepare an Environmental Assessment for the shortterm development plan Develop a new Property Map 3 Study Elements Master Plan Update Electronic Airport Layout Plan Airport Recycling, Reuse, & Waste Reduction Plan Environmental Assessment for Short-Term Program 4 2

30 Study Schedule Month Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Master Plan Update Inventory Forecast WP#1 Facility Requirements Environmental WP#2 Alternatives Analysis WP#3 Implementation WP#4 ALP Set Financial Analysis WP#5 Public Information Electronic ALP Meeting #1 Obstruction Survey / Airspace Analysis Existing Data Meeting #2 Final Documentation Meeting #3 Recycling Plan Environ. Assessment Airport Recycling Plan EA Planned Data 5 Study Status Master Plan Public Involvement Meeting #1 held in December. Meeting #2 to be held this evening Working Papers 1, 2 & 3 submitted to Airport Authority Property map completed in draft form e-alp aerials, surveying and mapping completed Recycling Plan submitted to Airport Authority Environmental Assessment - baseline conditions documented. 6 3

31 7 Aviation Forecasts Adopted the Federal Aviation Administration s Terminal Area Forecast for this master plan update Findings: Passengers Projected to Grow at 3.4 percent Aircraft Operations projected to grow at 0.7 percent Based Aircraft projected to grow at 1.4 percent 8 4

32 Historical Passenger Enplanements 9 Monthly Passenger Enplanements 10 5

33 Passenger Enplanement Forecast 11 Historical Aircraft Operations 12 6

34 Forecast of Aircraft Operations 13 Design Aircraft Existing A320 Future A

35 Forecast of Based Aircraft 15 Airfield 16 8

36 Airfield Capacity Conclusion: Existing hourly and annual capacity are sufficient for forecast operations 17 Takeoff Runway Length Existing RW 4-22 satisfies current requirements for existing markets An extension up to 7,920 feet can be considered in the future to accommodate potential markets Extension of RW to a minimum of 6,000 feet recommended to accommodate air carrier operations 18 9

37 Navigational Aids Runway 4 has an Instrument Landing System All approach ends of Runways 4-22 & support instrument approaches with vertical guidance No additional instrument approach aids are required or recommended 19 Taxiway System Conclusions: All taxiways adhere to width & clearance standards FAA recommends taxiway shoulders Consider additional exit taxiway on RW 22 Revise Taxiway designations per FAA guidance 20 10

38 Taxiway System Mitigate non-standard configurations: 1. RW 15 & 9 intersection 2. TW C runway crossing 3. TW D between RW 4 & RW TW G & TW D intersection with RW 4 21 Holding Bay Factors: Tenants & ATC indicated Runway 4 Departures can cause congestion FAA recommends providing a holding bay when operations exceed 30 per hour Conclusion: Holding bay recommended for Runway 4 & 22 ends Consider holding bay for Runway 15 with relocation of FBO and new flight school(s) in north parcel 22 11

39 Terminal 23 Weekly Schedule (March 2017) Scheduled Operations and Seats (March 19 through 25, 2017) Day of Week Scheduled Operations Scheduled Seats Arrivals Departures Arriving Departing Sunday ,810 2,810 Monday ,095 3,095 Tuesday ,789 2,789 Wednesday ,773 2,773 Thursday ,789 2,789 Friday ,095 3,095 Saturday ,919 2,919 Average ,896 2,896 Monday and Friday are peak days. Saturday is closest to average day. However,

40 Peak Hour Flights & Seats Mode Rolling Peak Hour Flights and Seats (March 2017) Monday & Friday Saturday Hour Seats Hour Seats Arriving Seats 13:12 to 14: :15 to 08: Departing Seats 06:30 to 07: :25 to 21:24 1,035 Total Seats 14:00 to 14:59 1,041 13:10 to 14:09 1,062 Saturday has a higher peak hour than Monday or Friday. Therefore, the Monday schedule was used. 25 Departing Seats Source: Allegiant and Frontier Flight Schedules, March 20,

41 Arriving Seats Source: Allegiant and Frontier Flight Schedules, March 20, Total Seats Source: Allegiant and Frontier Flight Schedules, March 20,

42 Planning Activity Levels (PALS) Year Annual Passengers Peak Hour Passengers , , , , , PAL Number of Peak Hour Flights Aircraft Seats Peak Hour Seats Load Factor Estimated Peak Hour Passengers Current , , , , ,274 Source: AECOM, Level of Service Descriptions Designation Level of Service Passenger Flow Passenger Delays Passenger Comfort A Excellent Free None Excellent B High Stable Very Few High C Good Stable Acceptable Good D Adequate Unstable Unstable Adequate E Inadequate Unstable Unacceptable Inadequate F Unacceptable Cross Unacceptable Unacceptable Source: International Air Transport Association (IATA) and Airports Council International (ACI) Passenger Terminals are designed to Level of Service C 30 15

43 IATA Standards for LOS C IATA Space and Waiting Time Standards for LOS C Functional Area Space (SF per passenger) Waiting Time (minutes) Proportion Seated Departure Hall Ticketing 14 to to 20 - Security Screening 11 to 13 5 to 10 - Holdroom (Seated) 16 to 18-50% to 70% Holdroom (Standing) 11 to Bag Claim Queuing 16 to Arrival Hall 13 to 18-15% to 20% Source: International Air Transport Association (IATA) 31 Baseline Space Requirements (with Baggage Make-Up Inside Terminal Building) 32 16

44 Terminal Status at PAL 1 Inbound Baggage Area Holdrooms Checked Baggage Screening Outbound Baggage Make-Up Baggage Claim and Arrival Hall Restrooms Concessions Security Screening Checkpoint Airline Ticket Counter & Queuing Exceeds Requirements Meets Requirements Does Not Meet Requirements 33 Terminal Status at PAL 2 Inbound Baggage Area Holdrooms Checked Baggage Screening Outbound Baggage Make-Up Baggage Claim and Arrival Hall Restrooms Concessions Security Screening Checkpoint Airline Ticket Counter & Queuing Exceeds Requirements Meets Requirements Does Not Meet Requirements 34 17

45 Terminal Status at PAL 3 & 4 Inbound Baggage Area Holdrooms Checked Baggage Screening Outbound Baggage Make-Up Baggage Claim and Arrival Hall Restrooms Concessions Security Screening Checkpoint Airline Ticket Counter & Queuing Exceeds Requirements Meets Requirements Does Not Meet Requirements 35 Terminal Requirements Summary Item Planning Activity Level Airline Ticket Counter Ticket Counter Queuing Checked Baggage Screening Outbound Baggage Make Up Security Screening Checkpoint Gates Holdroom Concessions Restrooms Baggage Claim Devices Inbound Baggage Area Source: AECOM 36 18

46 Access & Parking 37 Existing Roadways & Intersections Level of Service Standards: Level of Service A B C D E F Roadways Free flow: Maintain speed limits and free mobility between lanes Reasonably free flow: Maintain speed limits but slightly restricted mobility Stable flow at or near free flow: Maintain speed limits but mobility noticeable restricted Approaching unstable flow: Speeds slightly decrease and mobility limited Unstable flow: Flows is irregular and speed varies with no mobility Forced or breakdown flow: More demand than capacity (vehicles move in lockstep Intersections (average delay 10 sec sec sec sec sec > 50 sec 38 19

47 Existing Roadways & Intersections Factors: LOS D recommended Conclusions: 2 Sections of Viking Ave will operate at below LOS D at PAL 4 All others at LOS D or better at PAL 4 E E 39 Existing Roadways & Intersections Potential improvements: 1. Convert Viking Ave to one-way 2. Reconnect Golf Course Blvd. to Piper Rd

48 Terminal Curbfront Level of Service Standards: Ratio of effective curb length A: 0.0 to 1.0 B: 1.0 to 1.1 C: 1.1 to 1.3 D: 1.3 to 1.7 E: 1.7 to 2.0 F: > 2.0 Source: ACRP Report 25, Airport Passenger Terminal Planning & Design 41 Terminal Curbfront Factors: Recommend providing LOS C Existing curbfront is 440-feet Conclusion: Additional curbfront length needed for PAL4 is 378-feet 42 21

49 Terminal Curbfront Findings Potential Improvements: Increase supervision to minimize dwell times Provide separate access to rental car area Expand curbfront with terminal expansion 43 Rental Car Ready Lot Factors: Observed to be over 100% occupied Conclusions: Up to 212 additional ready spaces needed Provide paved and fenced parking lot for overflow 44 22

50 Rental Car Return Lot Factors: 120 spaces total 15 lanes and 8 cars per lane Conclusions: Up to 75 additional return spaces needed 45 Short-Term Parking Factors: Observed to be 80% occupied at peak hour Includes meetersgreeters Conclusions: Up to 82 additional spaces needed Assumes continuation of existing fee structure 46 23

51 Long-Term Parking Factors: 1 st long-term lot >100% occupied in October Phase 1 and 2 on 2 nd long-term lot ~90% occupied in December Conclusions: Up to 803 additional spaces needed 47 Parking Findings Potential Improvements: Consider relocating entrance to Beechcraft Ave in PAL 1 Expand short-term parking lot Expand long-term parking lot 48 24

52 Employee Parking Factors: Expansion to provide 177 spaces Future demand proportionate Conclusions: Up to 48 additional spaces needed 49 Cell Phone Waiting Lot Factors: Existing unpaved area on south side of Viking Ave Designated waiting area for TNCs Newly expanded long-term parking lot can accommodate cell phone parking (30 spaces) during non-peak periods Conclusions: Consider paving and marking area and/or providing a travel plaza for potential non-aviation revenue source 50 25

53 General Aviation 51 Aircraft Parking Positions Factors: 97 existing positions on North and South Ramp Itinerant operations accommodated at proposed FBO facility Conclusion Existing aircraft parking positions sufficient for anticipated demand 52 26

54 T-Hangars Factors: 217 existing units are 100% occupied Does not include 83 existing through-thefence hangar units Conclusion: Up to 148 additional units needed 53 Conventional Hangars Factors: 29 existing hangars 2 SE or ME per hangar 1 Jet Aircraft per hangar Conclusion: Up to 7 additional conventional hangars needed 54 27

55 Support Facilities 55 Jet A Fuel Storage Factors: Minimum 3-day supply 1,200 gallons per operation Conclusion 4 additional 30k gallon tanks needed Provide simultaneous loading & unloading capability 56 28

56 AvGas Fuel Storage Factors: Minimum 3-day supply 4 gallons per operation Conclusion Existing capacity sufficient for 15-day supply in Support Facilities ARFF Identify a site for new facility that will be dedicated to airport Airport Maintenance Provide a new building that can support storage & maintenance of existing vehicles 58 29

57 Airfield 59 Airside Facility Requirements Extend Runway 4-22 to 7,920 feet Extend Runway to 6,000 feet Address non-standard taxiway configurations Provide new exit for Runway 22 arrivals Provide holding bay at Runway 4, 22, and

58 Development Constraints 61 Runway Alternatives Organization Runway 4-22 Alternative Objective Description 1 Extend on Both Ends Extend Runway to 7,920 Feet 2 Extend on North End Runway Alternative Objective Description 1A No Runway Extension, With Standard RSA s 1B Meet RSA Design Standards With EMAS 2A With Standard RSA s 2B With EMAS Extend Runway to 6,000 Feet With Standard RSA s & 2C No Roadway Changes 62 31

59 Runway 4-22: Alternative 1 63 Runway 4-22: Alternative

60 Runway 4-22 Summary Criteria Alternative 1 2 Achievement of the Objective Yes Yes Airport Design Standards Partial Yes Flexibility Partial Yes Collateral Impacts Good Fair Probable Cost $11.7 Million $11.4 million Efficiency of Construction Phasing Poor Good 65 Runway 15-33: Alternative 1A 66 33

61 Runway 15-33: Alternative 1B 67 Runway 15-33: Alternative 2A 68 34

62 Runway 15-33: Alternative 2B 69 Runway 15-33: Alternative 2C 70 35

63 Runway Summary Criteria Alternative 1A 1B 2A 2B 2C Achievement of the Objective No No Partial Partial Yes Airport Design Standards Yes Yes Yes Yes Partial Flexibility Good Good Good Good Poor Collateral Impacts Fair Good Poor Fair Fair Probable Cost $4.3 million $13.1 million $8.9 million $20.1million $11.6 million Efficiency of Construction Phasing Good Good Good Good Good 71 Taxiway Revisions Runway 9 entrance Taxiway C Taxiway G Taxiway D 72 36

64 Runway 9 Entrance 73 Taxiway C OPTION 1 OPTION 2 OPTION

65 Taxiway G OPTION 1 OPTION 2 75 Taxiway D 76 38

66 Runway 22 Exit 77 Holding Bays 78 39

67 Airfield Development Plan 79 Terminal 80 40

68 Facility Requirements 81 Terminal Alternatives 1 & 1A Alternative 1 Alternative 1A 41

69 Terminal Alternatives 2 & 2A Alternative 2 Alternative 2A ROM Terminal Costs Alternative Construction Cost Total Cost Alt 1 - Expand Holdrooms North & South $13.4 $15.7 Alt 1A Alt1 Plus Rental Car Relocation $15.1 $17.8 Alt 2 Expand Holdrooms South $13.5 $15.9 Alt 2A Alt 2 Plus Rental Car Relocation $15.3 $

70 Access and Terminal Curb 85 Access Road and Curb Alternatives Alternative 1 Extend North Alternative 2 Extend South Alternative Alt 1 Extend Access Road North Alt 2 Extend Access Road South Alt 3 Extend Access Road North & South Construction Cost Total Cost $1.4 $1.7 $950K $1.1 $2.4 $2.8 Alternative 3 Expand North and South 43

71 Rental Car Parking 87 Rental Car Parking Alternatives Alternative 1 Construct New East Lot Alternative 2 Convert GA Ramp Alternative 3 Construct New West Lot 44

72 Rental Lot Costs Alternative Construction Cost Total Cost Alt 1 Construct New East Lot $506K $595K Alt 2 Covert Ramp to Parking $211K $249K Alt 3 Construct New West Lot $990* $1.2m* * This costs include Building 207 demolition, which is also included in the Extend Access Road North alternative. 89 Short-Term Parking 90 45

73 Short-Term Parking Alternatives Alternative 1 Expand North Alternative 2 Expand South Alternative Construction Cost Total Cost Alt 1 Expand Parking North $738K $867K Alt 2 Expand Parking South $727K $854K Long Term Parking 92 46

74 Long-Term Parking Alternatives Alternative 1 North Site & Access Alternative 2 South Site Alternative Construction Cost Total Cost Alt 1 Construct at North Site $4.2 $4.9 Alt 2 Construct at South Site $4.7 $5.4 Next Steps Prepare Airport Layout Drawing Set Prepare Capital Improvement Program Identify, cost and phase recommended projects Prepare Financial Feasibility Plan Conduct Environmental Assessment 94 47

75 Questions? 95 48

76 Charlotte County Airport Authority Meeting Director s Report - Development Update June 15, Terminal Expansion Construction As reported previously, the closeout book for the Terminal Expansion Construction project was submitted to FAA. In addition, the Baggage System was submitted as a separate pre-grant application to FAA. Both submittals are requesting funding reimbursements that were expected to be approved in June or July of Updated information to report on the Terminal Expansion Construction is that Airport staff is responding to FAA questions on various charges to the project by compiling additional information. In compiling the information, it was discovered that the FAA grant offer appeared to fund only 90% of the amount originally requested. Airport staff is finalizing the information and is planning to set a meeting with FAA to review and discuss. Updated information to report on the Baggage System is Airport staff submitted the formal FAA grant application on June 2, In initial discussions with FAA, it appears the Airport will be reimbursed the requested $686,424 if funds are available. If not, the funding will be from entitlement funds next fiscal year Taxiway A Extension Construction The final formal closeout book was submitted to FAA and FDOT on March 30, FDOT has accepted the closeout information and paid the outstanding requested balance. On June 8, 2017, FAA authorized the submittal of the final request for reimbursement. We expect to receive payment and close the project. This project is closed and will be removed from future reports Multi Phased Parking Expansion Construction A final request for reimbursement along with project closeout information was submitted to FDOT on April 21, The FDOT accepted the request and documents and reimbursed the Airport. This project is closed and will be removed from future reports Hangar Door Repair/Replacement On May 18, 2017, the Airport Authority approved the contact with Alen Construction Group to replace 22 T-Hangar doors on Building 202. On June 1, 2017 the pre-construction meeting was conducted. Currently the contractor is submitting contact documents and developing a schedule to coordinate the work with Airport Operations as discussed at the pre-construction meeting. The first activity of the contractor will be to conduct detailed inspections of each T-Hangar unit in order to prepare documents for building department permitting. The inspections are planned to be completed in June This project is funded by the Airport at 50%, and the remaining 50% by FDOT Airfield Maintenance Equipment On April 20, 2017, the Airport Authority approved the bid from Marden Industries, Inc. dba Supertrak for mulcher equipment for the Airport s New Holland tractor. The mulcher equipment has been ordered and the expected deliver date is the week of June 19, Upon receipt, the equipment will be installed Employee and WMU Parking Lot Construction activity continues and is over 90% complete. Remaining items include, final grading and sodding, fencing, pavement markings, wheel stops, access control readers and gates. The project is scheduled to be completed before the end of June Page 1 of 5

77 Charlotte County Airport Authority Meeting Director s Report - Development Update June 15, Passenger Facility Charge The formal PFC final application was submitted to FAA on February 21, On March 10, 2017, FAA comments were received. The comments were addressed and the application was re-submitted on March 20, On March 23, 2017, FAA issued a Notice of Substantial Completion. The FAA now has 90 days to approve or disapprove the application, in whole or in part by June 21, The charge effective date of the application will hinge on when they formally approve the application Rental Car Center Expansion - Facility Buildout Construction activity continues and is over 60% complete. Remaining items include, ceiling tiles, flooring, doors, cabinetry, plumbing clean-up and final building department inspections. The new expanded space for Hertz/Dollar and Avis/Budget/Payless is scheduled to be completed near the end of July After they move into the new expanded facility, the existing space occupied by Enterprise will receive new paint and new carpet. The entire project is scheduled to be completed early August Air Carrier Ramp Expansion As reported in previous reports, the schedule to advertise for construction bids in May 2017 and submit grant applications to FDOT and FAA on June 2, 2017 has been met and completed. Five (5) bids were received, which are posted on the Airport s web site. The low bidder was Wright Construction Group with a base bid of $3,063, The bid also included Additive Alternates for repairs to the Air Trek Ramp and purchase of Passenger Boarding Ramps. We are awaiting the results of FAA and FDOT review of the grant applications. We expect to obtain grant offers in July 2017 or August 2017 and present to the Airport Authority for acceptance. The construction schedule allows 3 months for construction FDIOR and Secondary Weather Equipment On May 18, 2017, the Airport Authority accepted the JPA with FDOT for the purchase of FDIOR Equipment in the Air Traffic Control Tower and Secondary Weather Equipment for the airfield. FDIOR On May 26, 2017, FDOT approved the FAA Reimbursable Agreement for the equipment. On June 6, 2017, the Airport received a fully executed reimbursable agreement from FAA. Currently the Airport is processing payment to FAA. Upon FAA s receipt of the check, they will program the work and provide the Airport with a schedule. Secondary Weather Equipment Airport staff is in the process of drafting a Request for Proposals/Bids for the equipment. Page 2 of 5

78 Charlotte County Airport Authority Meeting Director s Report - Development Update June 15, Master Plan During the reporting period, the consultant AECOM continued work on the following tasks. The focus of effort was on Task 8 Alternatives Development and Evaluation. Task 4.0 and Task Part D - Environmental AECOM continues compiling environmental data associated with Environmental Assessments (EA) for future proposed projects. Task 8.0 Alternatives Development and Evaluation AECOM continues work on the development of Working Paper No. 3 for Alternative Development and presentations to the Airport Authority, Stakeholders, and Public Meeting. The presentations mentioned above will be conducted on June 15, Task 9.0 Airport Layout Plans AECOM began work on the Airport Layout Plans. AECOM s sub SED presented a draft version of the Exhibit A Property Map on May 18, Task 13 through 16 Airports GIS AECOM s subs Gaines Survey and Quantum Spatial completed their portion of the ground survey work and aerial imagine processing. As a result, AECOM continues the incorporation of this data into the Airport Layout Plans. Task 17 and 18 Airport Recycling, Reuse and Waste Reduction Plan On June 1, 2017 AECOM submitted a draft Recycling, Reuse and Waster Reduction report. The project milestone schedule of completed and future tasks is summarized below. August 2016 Date Milestone Description Remark Task(s) 08/01/16 Prepare Study Scope of Work Completed 1.0 September 2016 Date Milestone Description Remark Task(s) 09/12/16 Project Kick-Off Meeting Completed 2.0 October 2016 Date Milestone Description Remark Task(s) 10/16 Tenant Interviews Completed /16 Initial GIS Project Completed 13.0 October/November 2016 Date Milestone Description Remark Task(s) 10-11/16 Inventory / Data Collection Completed /16 Aviation Forecasts Completed 6.0 Page 3 of 5

79 Charlotte County Airport Authority Meeting Director s Report - Development Update June 15, /16 Traffic Counts / Ground Transportation Completed /16 GIS Flights Conducted to Acquire Aerial Imagery Completed Part B December 2016 Date Milestone Description Remark Task(s) 12/01/16 Stakeholder Meeting 01 - Working Paper No. 01, Inventory, Completed 3.0, 6.0 and Forecasts 12/01/16 Public Meeting No Working Paper No. 01, Inventory, Completed 3.0, 6.0 and Forecasts 12/21/16 Working Paper No. 01 Submitted to FAA and FDOT. Completed /16 Begin work on Facility Requirements Completed /05/16 GIS - FAA Approved the Statement of Work Submittal Completed Part B 12/21/16 Began Initial Environmental Study Work Completed 4.0, Part D 12/22/16 Conducted Facility Requirements Site Visit Completed 7.0 January 2017 Date Milestone Description Remark Task(s) 01/17 Continue work on Facility Requirements Completed /17 Continue work on Environmental Tasks Completed 4.0, Part D 01/05/17 GIS Conducted Coordination Meeting for Field Surveys Completed Part B 01/05/17 GIS - Begin Field Surveys of Navigational Aids and Photo ID Completed Part B Control Points 01/27/17 Airport Staff Presentation - Working Paper No. 02, Facility Requirements Completed 7.0 February 2017 Date Milestone Description Remark Task(s) 02/17 Facility Requirements Complete work for Stakeholder Completed 7.0 Meeting 02/17 Continue work on Environmental Tasks Completed 4.0, Part D 02/17 Continue work of GIS Activities Completed Part B 02/17 Begin Alternatives Development & Evaluation Completed /09/17 Airport send invitation to Stakeholder members for Completed 7.0 2/28/17 meeting. 02/27/17 AECOM requested trash and recycle information. Completed /28/17 Stakeholder Meeting 02 Present Working Paper No. 02, Facility Requirements Completed 7.0 March, April, and May 2017 (Focus on Alternatives Development and Evaluation) Date Milestone Description Remark Task(s) 3-4-5/17 Continue work on Environmental Tasks Ongoing 4.0, Part D 3-4-5/17 Continue work of GIS Activities Ongoing Part B 3-4-5/17 Begin and continue work on Alternatives Development Ongoing /17 Began work on Recycling, Reuse, and Waste Reduction Ongoing Part C 3-4-5/17 Began work on Airport Layout Plans Ongoing /31/17 AECOM sent Working Paper 2 to FAA and FDOT. Completed /06/17 Airport received aerial images. Completed Part B Page 4 of 5

80 Charlotte County Airport Authority Meeting Director s Report - Development Update June 15, /04-06/17 AECOM sub Cal-tech conducted in place base testing on Completed 4.0, Part D Runway /18/17 Airport staff and SED meeting to review Property Map. Completed /23/17 invitation sent to Stakeholders for 6/15 presentation. Completed /25/17 Advertisement for the 6/15 pubic meeting published. Completed 8.0 June 2017 Date Milestone Description Remark Task(s) 06/17 Continue work on Environmental Tasks Ongoing 4.0, Part D 06/17 Continue work of GIS Activities Ongoing Part B 06/17 Complete Alternatives Development & Evaluation Ongoing /17 Continue work on Recycling, Reuse, and Waste Reduction Ongoing Part C 06/17 Continue work on Airport Layout Plans Ongoing /15/17 Airport Authority Presentation - Working Paper No. 03, Scheduled 8.0 Alternatives Development & Evaluation 06/15/17 Stakeholder Meeting 03 and Public Meeting No. 02 Present Working Paper No. 3 Alternatives Development & Evaluation Scheduled 3.0, 8.0 July 2017 Date Milestone Description Remark Task(s) 07/17 Continue work on Environmental Tasks Ongoing 4.0, Part D 07/17 Continue work of GIS Activities Ongoing Part B 07/17 Complete Alternatives Development & Evaluation Ongoing /17 Continue work on Recycling, Reuse, and Waste Reduction Ongoing Part C 07/17 Continue work on Airport Layout Plans Ongoing /17 Begin work on Facility Implementation Plan Scheduled /17 Begin work on Working Paper No. 4 Scheduled 10.0 Future status reports will show schedule milestones for the remainder of the project. Page 5 of 5

81 Joshua A. McCoy Institutional & Government Division Relationship Manager 1777 Main Street, 6 th Floor Tel: Sarasota, Florida Joshua.A.Mccoy@SunTrust.com May 15, 2017 RE: Guidance Line of Credit, Bank Qualified Dear Charlotte County Airport Authority: On behalf of SunTrust Bank (the Bank ), I am pleased to present this commitment to Charlotte County Airport Authority (the Borrower ) in the amount of up to 1 million and 00/100 dollars ($1,000,000.00). It is our understanding that the Borrower will draw on this facility to provide funds in the event of an emergency or natural disaster subject to the Bank s acceptance to fund with at least 30 days written notice prior to funding the facility. This commitment is subject to: (i) the preparation, execution and delivery of mutually acceptable loan documentation, including a Note incorporating substantially the terms and conditions set forth in the Term Sheet attached hereto; (ii) the absence of a material adverse change in the business, condition (financial or otherwise), results of operations, properties or prospects of the Borrower and its subsidiaries (if any) as reflected in its financial statements as of September 30, 2016; (iii) the accuracy of all representations which you have made or will make to the Bank and all information that you furnish to us and your compliance with the terms of this Commitment Letter; (iv) a closing of the Facility on or prior to November 15, 2017; and (v) any additional conditions or contingencies set forth herein. Although the following provisions, terms and conditions are intended to be comprehensive, they are not necessarily inclusive of all the anticipated terms that will be applicable to the credit and do not purport to summarize all of the conditions, covenants, definitions, representations, warranties, events of default or other provisions that may be contained in documents required to consummate this financing. All of such terms will be set forth in the final, definitive loan documents, and all such terms must be acceptable to the Bank and its counsel. This financing proposal is contingent upon the accuracy of all facts, statements and financial information submitted to the Bank by the Borrower and is conditioned upon the terms outlined in the attached Term Sheet. Upon acceptance of this commitment, the Borrower agrees to pay, or reimburse the Bank on demand for, all reasonable costs and expenses incurred by the Bank (whether before or after the date hereof) in connection with this Commitment Letter and the transactions contemplated hereunder (regardless of whether any of the transactions contemplated hereby are consummated),, incurred in connection with the enforcement of its rights and remedies hereunder. Your obligation in respect of such costs and expenses shall survive the expiration or termination of this Commitment Letter. This Commitment Letter shall constitute a binding obligation of the Bank for all purposes immediately upon the acceptance hereof by the Borrower in the manner provided herein. Notwithstanding any other provision of this Commitment Letter, the Bank's commitments and undertakings as set forth herein shall not be or become effective for any purpose unless and until this Commitment Letter shall have been accepted by the Borrower in the manner specified below.

82 If you are in agreement with the foregoing, please sign and return the enclosed copy of this Commitment Letter to the Bank at its office located at 1777 Main Street, Sarasota, FL Attention: Joshua A. McCoy. Unless the Bank receives such copy of this Commitment Letter duly executed by an authorized officer of the Borrower prior to 5:00 p.m. (EST), on June 19, 2017, the Bank's obligations hereunder shall terminate at such time. In addition to the foregoing, this Commitment Letter may be terminated at any time by mutual agreement. This Commitment Letter is solely for the benefit of the Borrower and the Bank, and no provision hereof shall be deemed to confer rights on any other person or entity. This Commitment Letter may not be assigned by the Borrower to any other person or entity, but the obligations of the Borrower hereunder shall be binding upon any successors of the Borrower. THIS COMMITMENT LETTER WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF FLORIDA WITHOUT REGARD TO THE PRINCIPLES OF CONFLICTS OF LAWS AND TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH OF THE BORROWER AND THE BANK HEREBY WAIVES JURY TRIAL IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATED TO THIS COMMITMENT LETTER OR ANY OTHER DOCUMENTS CONTEMPLATED HEREBY. This Commitment Letter may be executed in any number of separate counterparts, each of which shall collectively and separately, constitute one agreement. Upon acceptance by you as provided herein, this Commitment Letter shall supersede all understandings and agreements between the parties hereto in respect of the transactions contemplated hereby. Sincerely, Joshua A. McCoy SunTrust Bank, Institutional & Governmental BORROWER ACCEPTS THE COMMITMENT: Accepted and agreed this day of June, Charlotte County Airport Authority By: Name: Title:

83 ANNEX I TERM SHEET Borrower: Lender: Contact: Charlotte County Airport Authority SunTrust Bank Joshua A. McCoy Senior Vice President SunTrust Bank 1777 Main Street, 6th Floor Sarasota, Florida Joshua.A.Mccoy@SunTrust.com Phone: (w) (c) Facility Type: Purpose: Bank Qualified Loan in the form of a tax-exempt bond (the Bond ) issued by a qualifying governmental conduit issuer (the Issuer ). The Bond must be a qualified tax exempt obligation under Section 265(b) (3) of the Internal Revenue Code. To provide funds in the event of an emergency or natural disaster. Amount: Up to $1,000,000 Terms: Security: Interest Rate: Interest shall be payable monthly. Principal payments shall be due at Maturity. The principal and the interest thereon will be payable from and secured solely by a lien upon and pledge of (a) the Net Revenues of the Borrower to include both airline and non-airline revenues, including, without limitation, passenger facility charges (b) Subject to a legal opinion, an assignment of applicable grant monies, and (c) an Assignment of Rents and Leases The Facility will bear interest at a rate equal to.67 of the sum of 1-month LIBOR plus 2.61%, based on a 30/360 day count, reset on the first day of each calendar month. Maturity Date: May 31, 2018 Prepayment: The Bank will allow, in whole or in part, prepayment of the principal amount outstanding under the Bond, plus accrued interest and without penalty at any time upon two Business Days' notice to the Bank. After-Tax Yield Maintenance: The interest rates quoted herein take into consideration a marginal federal corporate tax rate of 35%. In the event of a decrease in the marginal maximum corporate tax rate, the Bank shall have the right to adjust the interest rate upwards in order to maintain the same after tax yield for the Bond. If a determination of taxability event occurs the rate will be adjusted to a rate determined necessary by Bank to maintain the same after-tax yield. Upon the occurrence of a Determination of Taxability, the Borrower hereby agrees to pay to the Bank (i) an additional amount equal to the difference between (A) the

84 amount of interest paid on the Bond during the Taxable Period and (B) the amount of interest that would have been paid on the Bond during the Taxable Period had the Bond borne interest at the Taxable Rate, plus (ii) an amount equal to any interest, penalties on overdue interest and additions to tax (as referred to in Subchapter A of Chapter 68 of the Code) owed by the Bank as a result of the occurrence of a Determination of Taxability. If it is determined that the Bond does not qualify as BQ, the Bank shall have the right to adjust the interest rate upwards in order to maintain the same after tax yield if the Bond fails to be eligible as a qualified tax-exempt obligation under Section 265(b)(3) of the Internal Revenue Code Capital Adequacy: Financing Documents: Legal Fees: Commitment Fee: The Bank shall have the right to adjust the interest rate upwards in order to maintain the same after tax yield on the Bond if the adoption or taking effect of, or the change (including by interpretation or application) of, any laws, regulations, rules, guidelines, directives or treaties and adversely affect the Bank's after tax yield, regardless of the date adopted, enacted or issued. Financing Documents will include a note, loan agreement, and credit agreement OR a Financing Agreement OR subject to a Resolution. Our proposed bank counsel is Mr. Michael Wiener with Holland & Knight, Florida. Fees for our counsel will be $5, if our counsel reviews loan documentation prepared by the counsel to the Authority. $2, upon acceptance of this letter. If loan documentation is executed, an additional Bank fee of $2, will be due and payable immediately to the Bank in addition to legal fees described above. Covenants and Conditions: A) All matters relating to this loan, including all instruments and documents required, are subject to the Bank s policies and procedures in effect, applicable governmental regulations and/or statutes, and approval by the Bank and the Bank s Counsel. B) Borrower shall submit to the Bank annual financial statements within 180 days of fiscal year end, an annual budget within 30 days of adoption, and any other information the Bank may reasonably request. C) Borrower shall be required to deliver a written opinion from Borrower s Counsel, in form and substance acceptable to the Bank and Bank s Counsel, that all documents are valid, binding and enforceable in accordance with their terms, that execution and delivery of said documents has been duly authorized, and addressing such other matters as the Bank and the Bank s Counsel deem appropriate. D) The Borrower shall comply with and agree to such other covenants, terms, and conditions that may be reasonably required by the Bank and its counsel and are customary in bank financings of this nature. These covenants would include, but are not to be limited to, covenants regarding compliance with laws and regulation, remedies in the event of default and the right of Bank to transfer and assign the Bond. E) The Bank-Qualified interest rate quoted herein assumes the obligations is a "qualified tax-exempt obligation" as defined in Section 265(b)(3) of the Internal Revenue Service Code. Receipt of opinions from Bond Counsel in each case in form and substance satisfactory to the Bank, which shall include, without limitation, opinion that the financing is tax-exempt and that the Bond is a qualified tax-exempt obligation under Section 265 (b)(3) of the Internal Revenue Code. F) The Borrower agrees to have the interest payments collected via ACH Direct Debit from a SunTrust Bank account of their choice.

85 September 2017 Sun Mon Tue Wed Thu Fri Sat City of Punta Charlotte Gorda First Count LABOR DAY Budget Schoo y Board Meeting Approves 5:01pm budget (Public Meeting 8/1/17) BCCC First Budget Hearing 5:01pm Proposal #1 for CCAA Tentative Budget Hearing Proposal #2 for CCAA Tentative Budget Hearing City of Punta 9:00am CCAA Gorda FINAL Board Budget Regular Meeting Meeting 5:01pm BCCC Final Budget Hearing 5:01pm Proposal #1 for CCAA Final Budget Hearing Proposal #2 for CCAA Final Budget Hearing print-a-calendar.com

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87 8ft Wall Punta Gorda Army Airfield Charlotte County Historical Center 13.5 x x x x x 17 Intro Panel Within a year after the Japanese attack on Pearl Harbor, more than 40 military airfields were activated of various sizes and capabilities throughout Florida. The state became a major training location due to its advantages of open, flat land and amount of good flying weather. As a result, on October 5, 1942, military Directive A 6187 authorized the construction of an Operational Training Unit near the small Florida town of Punta Gorda. 8.5 x x x x 11 Give us wings, ever to soar! Original lyrics from Army Air Corps song written in 1938

88 8ft Wall Punta Gorda Army Airfield Charlotte County Historical Center 13.5 x x x x x 17 Intro Panel 8.5 x x x x 11

89 Based on a term of 6-12 months, Carter has agreed to reduce the billboard cost down from $2,200 to $1,500 NET per month for either a 6 or 12 month agreement. (With a 12 month agreement, Carter will waive the $750 initial production cost.)

90 5825CPA I-75,.2 MILE SOUTH OF EXIT 164 Street Side: West Facing: North Street Orientation: Right Hand/Southbound Reader Size: 10'6" x 40' Type: Fixed Face Illumination: yes DEC (Adults 18+): Latitude: Longitude: Zipcode: EOIs (Adults 18+): Current Ad: KB Home Available Date: 5/5/2017 Area Overview: Located just south of historic US Highway 17, this display reaches southbound I-75 traffic approaching the southern limits of Charlotte County and other areas further south. Production Cost: $ Monthly Space Cost: $2, P.O. Box 3648, North Fort Myers, FL Phone / Fax ( page: 6 )