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Council Presentation - 2023 Rates and Fees Schedule

Salinas City Council
June 13, 2023

Document
Council Presentation - 2023 Rates and Fees Schedule
Meeting
June 13, 2023
Body
Salinas City Council
Original file
16.0 MB
Text extracted from the city's file for reading and search. Open the original on legistar2.granicus.com. That file is the official record.

2023 Airport Rates and Fees Schedule
A motion to adopt a resolution approving the revised Salinas Municipal Airport Rates and Fees Schedule.

2023 Airport Rates and Fees ScheduleBackground
City of Salinas Resolution No. 19296, the Airport Rates and Fees shall be increased annually as recommended by City Staff Airport Enterprise Fund.

Generate revenues to offset costs of operating, maintaining, and improving the airport.

Operate the airport cost efficiently so as not to burden the general fund.

Airport Commission unanimously recommended approval.

March 2023

2023 Airport Rates and Fees ScheduleProcess
Prepare Market Fee Study and Review Hangar Waitlist
Review Airport Budget and Capital Program
Review Consumer Price Index (CPI) Data
Attend and report on Rates and Fees at airport associations or committees.

Airport Commission Review and Recommendation
Publish Revised Rates and Fees Schedule tenants and businesses

2023 Airport Rates and Fees ScheduleSchedule/Timing
December
AUGUST
JUNE
MARCH

FEBRUARY

JANUARY
Airport Commission presentation
Pilot Association & Airport Committee Update
Airport Commission Presentation
Pilot Association & Airport Committee Update
Notify Tenants
City Council Approval
Publish New Rates and Fees Schedule
August 1, New Rates Effective
Airport Commission Recommendation

2023 Airport Rates and Fees ScheduleConsumer Price Index Evaluation (CPI) Last adjustment made in August 2021
Chapter 11B of the Salinas City Code calls for adjustments based by the CPI - All Urban Consumers for the San Francisco, Oakland, and San Jose areas.

CPI evaluation Period: February 2021 – December 2022
304.387 (Feb ‘21) – 331.222 (Dec ‘21) = 8.82%

2023 Airport Rates and Fees ScheduleMarket Rent Study

2023 Airport Rates and Fees ScheduleCPI +Market Comparisons Hangars Rows A, B, C, D, and E adjusted by an additional 4% to align with market comparables.

Hangar Row P adjusted to $150 monthly to align with market comparables.

Hangar Row G adjusted to $90 monthly to align with market comparables.

Monthly Tie Downs are being adjusted to $70 monthly to align with market comparables.

2023 Airport Rates and Fees Schedule
This action complements the City Council’s Goals for Investment Strategies and Operational Efficiencies.

It is recommended City Council adopt a resolution approving the revised Salinas Municipal Airport Rates and Fees Schedule.

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