What do you need to consider for developing airport property?
2) conduct market analysis
3) develop a Pro Forma
4) construction phase
5) operating plan
When is industrial development bond (IDB) issued?
For small airports
What’s the characteristics of a GO bond?
Low interest rates
How is special faculty bond secured?
Revenues from funded facility and they are tax exempt
AIP is separated into what 3 categories?
Entitlement is awarded through
Set aside AIP is for
Noise, military, GA reliever
AIP electronic money dispersement program
What amount is the minimum AIP fund?
Airport Capital Improvement Program (ACIP) is
- details eligible project 3-5yrs out
- safety and security
- preserve and upgrade system and expand
- improve compatibility of airports and community
What is the grant application process?
File pre application FAA issues a notice of allocation Letter of Intent by FAA Award schedule is ID Implement Closeout
PFC came about by…
Aviation Noise and Capacity Act
Commercial General Liability has
Hangar - coverage to aircrafts
Premises - coverage to person or property
Product - coverage to fuel and oil usage