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Home My WebLink AboutResolution - 2018-R0029 - Capital Investment Schedule - 01/25/2018Resolution No. 2018-R0029 Item No. 6.14 January 25, 2018 RESOLUTION BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK: THAT the City Council approves and adopts on behalf of the City of Lubbock, the Lubbock Preston Smith International Airport Capital Investment Schedule. Said Capital Investment Schedule is attached hereto and incorporated in this resolution as if fully set forth herein and shall be included in the minutes of the City Council. Passed by the City Council on January '75, 1?01 R DANIEL M. POPE, MAYOR ATTEST: DkLe�c—�— -"� Re t cca Garza, City Secr tart' APPROVED AS TO CONTENT: Kelly Cai%pbell, AAI~, Executive Director of Aviation APPROVED City Attorney ccdocs/RES.Lubbock Preston Smith International Airport Capital Investment Schedule 12.06.2017 Lubbock Preston Smith International Airport 5401 N. Martin Luther King Boulevard Lubbock, Texas 79403 (806) 775-3126 Capital Investment Schedule City of Lubbock Lubbock Preston Smith International Airport (LBB) December 22, 2017 Lubbock Preston Smith International Airport CAPITAL INVESTMENT SCHEDULE 1. CAPITAL INVESTMENT SCHEDULE The term of the Agreement shall be commensurate with the amount of Capital Investment made by the Lessee in the Leased Premises and/or on the Airport, consistent with the Capital Investment formulas as specified below. of Activity Aircraft/Service Capital Investment Fixed Base Operator (FBO) CategoryType All $35,000 per acre (approximately $0.80 sf Piston $55,000 per acre Aircraft Maintenance Operator (SASO) (approximately $1.26 sf $70,000 per acre Turboprop and Turbojet (approximately $1.61 sf Avionics or Instrument Maintenance All $20,000 per acre Operator SASO without Hangar (approximately $0.46 sf Piston $55,000 per acre Avionics or Instrument Maintenance (approximately $1.26 sf Operator (SASO) with Hangar Turboprop and Turbojet $70,000 per acre approximate) $1.61 psf Aircraft Rental or Flight Training Operator All $12,500 per acre SASO without Hangar approximate) $0.29 psf Aircraft Rental or Flight Training Operator All $42,500 per acre SASO with Hangar approximate) $0.98 psf Aircraft Sales Operator (SASO) without All $25,000 per acre Hangar approximate) $0.57 psf Aircraft Sales Operator (SASO) with Hangar All $42,500 per acre approximate) $0.98 psf Piston $32,500 per acre Aircraft Storage Operator (SASO) approximate) $0.75 psf Turboprop and Turbojet $45,000 per acre (approximately $1.03 sf Aircraft Charter or Aircraft Management All $12,500 per acre Operator SASO without Hangar (approximate) $0.29 sf Aircraft Charter or Aircraft Management All $35,000 per acre Operator SASO with Hangar (approximately $0.80 sf Capital Investment Schedule City of Lubbock, Lubbock Preston Smith International Airport (1212212017)