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HomeMy WebLinkAbout10 - Appendix C - Current GTU Rates and Charges DocumentAppendix C Current GTU Rates and Charges Document 1,T. 18.38 GEORGETOWN TEXAS Airport Memorandum DATE: June 16, 2010 TO: Airport Lessees FROM: Travis McLain, Airport Manager SUBJECT: Proposed Rates and Charges Adjustments At the request of the City Council, a review of all Airport rates and charges not subject to a long term lease agreement was done. This included T- Hangar and Tiedown monthly rental rates, the Fuel Flowage Fee, and the wholesale, bulk aviation fuel price margin. This office prepared a price history summary of each with a proposed inflation adjustment. At the March, 2010, Airport Advisory Board meeting, a subcommittee was appointed by Chairman Brown to review the material prepared by this office and to report back to the Board at the April meeting. At the .pril meeting, the Board voted unanimously to recommend the adjustments to the Council at a workshop on May 25, 2010. The City Council will consider and vote on the proposed adjustments at the July 13, 2010, meeting. The proposed adjustments are as follows: PROPOSED AIRPORT RATES AND CHARGES ADJUSTMENTS HANGAR A 10% increase effective October 1, 2010 10% increase effective October 1, 2012 CPI -W adjustment effective October 1, 2014 CPI -W adjustment effective every 2 years after 2014 T- HANGARS & TIEDOWNS 10% increase effective October 1, 2010 10% increase effective October 1, 2012 CPI -W adjustment effective October 1, 2014 CPI -W adjustment effective every 2 years after 2014 FUEL FLOWAGE FEE (FFF) CPI -W adjustment from $0.10 /gallon to $0.14 /gallon effective October 1, 2010 CPI -W adjustment effective October 1, 2012 and every 2 years thereafter WHOLESALE, BULK AVIATION FUEL MARGIN CPI -W adjustment from $0.15 /gallon to $0.1782 /gallon effective October 1, 2010 CPI -W adjustment effective October 1, 2012 and every 2 years thereafter TOTAL BULK AVIATION FUEL COST Rack Price + Federal Taxes + FFF + Margin