Posted: November 17, 2017
Rapid City
Agenda Item Summary

Agenda Item Ref. #: LF112917-01

Agenda Item Title:

Approve Rapid City Regional Airport Rates and Charges for FY 2018

Origination Group:
Legal & Finance Committee
Origination Meeting Date:
11/29/2017
City Council Hearing Date:
12/04/2017
Agenda Item Summary:
The attached rates and charges were approved by the Airport Board at its 11/14/2017 meeting. Ground Lease Rates and T-Hangar Lease Rates are established by contract with provision for annual rent adjustments based on the previous year’s CPI. For 2018, that increase is 1.3%. No other changes were made to the Airport’s rates and charges.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center

Recommendations:

Origination Recommendation Action:
Approve

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