HomeMy WebLinkAbout01 - Table of ContentsFinal Report
Georgetown Municipal Airport
Business Case Analysis
Prepared for
City of Georgetown, TX
August 2013
CH2MHILL®
CH2M HILL Engineers, Inc.
11200 Richmond Ave, Ste. 300
Houston, TX 77082
COPYRIGHT 2013 BY CH2M HILL, INC. • COMPANY CONFIDENTIAL
Contents
Section Page
Acronyms and Abbreviations v
1 Introduction 1
1.1 Purpose 1
1.2 Governing Assumptions 1
1.3 Process 1
2 Airport Background & Data Collection 3
2.1 Airport Background 3
2.1.1 Airport Management 6
2.2 Data Collection 6
2.2.1 Site Visit Stakeholder Meetings 7
2.2.2 Baseline Condition Assessment— Field Observations 7
3 Industry Best Practices 23
3.1 Background 23
3.2 Industry Best Practices 23
3.2.1 Case Study Airports — Overview 24
3.2.2 Case Study Airports — Summary of Interview Questions and Best Practices for GTU 26
3.3 Case Study Summary and Best Practices 39
3.4 Primary GTU Considerations 43
3.4.1 Airport Contract Tower 43
3.4.2 Fueling Options 43
3.4.3 Management Options 45
3.4.4 Administrative Implications 46
3.4.5 GTU Marketing /Branding 47
3.4.6 Physical Layout, Capital Program and Planning 48
3.4.7 Economic and Business Development 54
3.4.8 Maintenance Standards 58
3.4.9 Land Lease Documents 63
4 Best Practice Recommendations 67
4.1 Financial Improvement Recommendations for 2013 67
4.1.1 Short -Term Financial Improvement Recommendations, (0 -2 years) 67
4.1.2 Medium -Term Financial Improvement Recommendations, (2 -5 years) 68
4.1.3 Long -Term Financial Improvement Recommendations, (5 -15 years) 68
4.2 General Best Practice Recommendations 69
4.2.1 Operations /Safety and Security 69
4.2.2 Finance /Legal 69
4.2.3 Capital Development and Maintenance 70
4.2.4 Administration /Organizational 70
4.3 Minimum Standards /Rules & Regulations /Leases 72
5 Baseline Airport Operating /Finance Model 73
5.1 Introduction 73
5.2 Financial Operations 73
5.2.1 Operating Expenses 73
5.2.2 Historical Operating Expenses 73
5.2.3 Cost Center Accounting 73
GEORGETOWN MUNICIPAL AIRPORT BUSINESS CASE ANALYSIS
COPYRIGHT 2013 BY CH2M HILL, INC.
CONTENTS, CONTINUED
Section
Page
5.2.4 Projected Operating Expenses 73
5.3 Operating Revenues 73
5.3.1 Historical Operating Revenues 74
5.3.2 Baseline Revenue Scenario 74
5.3.3 Net Revenues 74
5.4 Debt Service 74
5.5 Conclusion 74
6 Primary Management Options 75
6.1 GTU Potential Management Options 75
6.2 Potential Management Options — Pros and Cons 77
6.3 Conclusion 79
Appendices
A Site Visit Meeting Notes
B Sample Lease Agreements
C Current Rates and Charges Schedule
D Conceptual P &L Statements
Table D -1 City Managed Option D -1
Table D -2 Contract Management Option D -2
Table D -3 Full Privatization Option D -3
Table D -4 Exclusive Fueling Operation Tables D -4
Table D -5 Increased Fuel Prices D -5
E Airport Minimum Standards
F Airport Rules and Regulations
G Airport Comprehensive Zoning Ordinance
H Lease Reversion Report
I Developing an Airport Leasing Policy
List of Tables
2 -1 Top 10 Fastest Growing Metro Areas from Apr -10 to July -11 4
2 -2 Top 10 Fastest Growing Counties from Apr -10 to July -11 4
2 -3 GTU Airport Data 5
2 -4 Georgetown Airport Pavement Condition Assessment 8
3 -1 Analysis of Conditions 23
3 -2 Comparable Airports Statistics 27
3 -3 Interview Responses: Operations, Safety and Security 28
3 -4 Interview Responses: Finance and Legal 30
3 -5 Interview Responses: Capital Development and Maintenance 32
GEORGETOWN MUNICIPAL AIRPORT BUSINESS CASE ANALYSIS
COPYRIGHT 2013 BY CH2M HILL, INC.
CONTENTS, CONTINUED
3 -6 Interview Responses: Administrative Organization 34
3 -7 Recommended Best Practices 39
3 -8 Best Practices Analysis 45
3 -9 The Current 20 Year Capital Program (Page 1) 47
3 -10 The Current 20 Year Capital Program (Page 2) 48
3 -11 Short Term Capital Projects 49
3 -12 GTU Runway Length Analysis 50
3 -13 GTU Runway Length Analysis 51
3 -14 Georgetown Airfield Pavement Condition Assessment 56
3 -15 Georgetown Facilities Condition Assessment 57
List of Figures
2 -1 Georgetown Municipal Airport Vicinity Map 3
2 -2 Georgetown Municipal Airport Aerial Image 6
3 -1 GTU Runway Length Chart 51
3 -2 GTU Developable Sites and Parcel Descriptions 54
3 -3 GTU Land Use Map and Building Identification 59
GEORGETOWN MUNICIPAL AIRPORT BUSINESS CASE ANALYSIS iii
COPYRIGHT 2013 BY CH2M HILL, INC.
Acronyms and Abbreviations
AFSS Automated Flight Service Station
AWO Arlington Municipal Airport
CRG Craig Municipal Airport
DTO Denton Municipal Airport
FAA Federal Aviation Administration
FBO Fixed Based Operator
GO Bonds General Obligations Bonds
GTU Georgetown Municipal Airport
HEG Herlong Recreational Airport
HYI San Marcos Municipal Airport
JYO Leesburg Executive Airport
MMU Morristown Municipal Airport
Mogas An FAA - approved aviation fuel
GEORGETOWN MUNICIPAL AIRPORT BUSINESS CASE ANALYSIS v
COPYRIGHT 2013 BY CH2M HILL, INC.