What do you need to consider for developing airport property?
1) assess
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
Discretionary
Set aside
Entitlement is awarded through
A formula
Set aside AIP is for
Noise, military, GA reliever
Delphi is…
AIP electronic money dispersement program
What amount is the minimum AIP fund?
$25k
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
