Posted: November 20, 2019
Rapid City
Agenda Item Summary

Agenda Item Ref. #: LF112719 02

Agenda Item Title:

Approve Rapid City Regional Airport Rates and Charges for FY2020

Origination Group:
Legal & Finance Committee
Origination Meeting Date:
11/27/2019
City Council Hearing Date:
12/02/2019
Staff Contact:
Patrick Dame
Agenda Item Summary:
The attached rates and charges were approved by the Airport Board at its November 12, 2019, meeting. Rate adjustments were made based on tenant agreements with the airport. The Terminal Rental Rents and Landing Fees are based on the 2020 budget as established through the air carrier lease agreements. The Ground Lease Rents and T-Hangar Lease Rates are based on the 2017-2018 CPI adjustment of 2.4%. No other changes were made to the 2020 Airport rates and charges.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center

Recommendations:

Origination Recommendation Action:
Approve

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