Airport Commission

RUSSELLVILLE AIRPORT COMMISSION MINUTES DATE 5/25/2021 MEMBERS PRESENT: GUESTS: Radio ______________ Bill Rowlett _ X_ News __Sean Ingram__ Kevin Burnham _ X Nathan George __ X Bob Chatman _X___ Paul Horney _ ABS Dwight Talburt _ X_ Shawn Harris __ __ Les Teaff _ X _ Bill West _ X_ Mayor Richard Harris _____ Airport Manager: Keith Frazier _X___ Meeting Started at _6:06 PM_ Introduction of Guests Accept the Minutes 4/27/2021 Motioned by: ___LT______ Seconded by: __NG____ Passed 6-0____ Introduction of Guest: Manager’s Report Jet A Sales in April 2021:5008 gallons AVGAS Sales in April 2021:4731 gallons Total Fuel Volume in April 2021-9739 gallons Self Service Statistics April 2021 : 1321.5 gallons 70sales,27.93% of AVGAS Volume, 13.57% of Total Volume, 18.88 gallons average per sale End of April 2021 YTD Fuel Volume: 33277 gallons which is a 44.61% increase compared last April 2020 Financial - Accounts Receivable Aging for April 2021 0>90 City Hanger Occupancy in April 2021 was: 79.18%_ City Enclosed Hangar _100% _ City Shade Hangars _40____% Private Hangars__100%_____ Self Sufficiency for April 2021 : 87.71% / 78.34%  RUSSELLVILLE AIRPORT COMMISSION MINUTES DATE 5/25/2021 MANAGER’S REPORT / FINANCIAL REPORT: Accept the Manager’s Report Motioned by: ___NG____ Seconded by: ___KB_________Passed 6-0_ OLD BUSINESS 1. 2021 AIP Grant Project- Bob Chatman  FAA Approved via Congressional delegation  Grant agreement arrived at the city  Mayor has signed, need City Attorney to sign  Will issue notice of approval for $676,047  Was 90-10 in past, now FAA will pay 100% as we go 2. Meeting with Mayor and Paul Harvel to discuss scheduled air service- Keith  Will meet after Memorial day to develop a plan 3. Discussion on New Hangars and making a formal recommendation to apply to the ADA for funding up to $400K- Update Keith Frazier  Mayor is concerned about cost  Six people have already signed letters of commitment to rent  Conway is building 12 bay nested T-Hangers  Hot Springs is building 10 bay nested T-Hangers  Clarksville and Springdale are building  Approximate cost now equal approximately $700,000  City could apply for state grants totaling $400,000  90-10 $150,000, 80-20 $250,000  Costs rising rapidly due to steel and materials increase  Manager will run grant report for information to city on past improvements  Hangers themselves are not the biggest part of the expense, land prep is expensive  Return on investment should include fuel sales, tax base + ancillary items  ROI on rent alone would be $14,400/year – 25 year payback – better return than city surplus funds bank investments  Surrounding airports are spending significantly to improve their facilities/direct competition for RUE/Russellville  Airport needs investment to grow and continue to be a viable part of city infrastructure  Would open up older hanger for use as airport maintenance building since ASL has occupied previous building NEW BUSINESS: None MISCELLANEOUS: None 2 RUSSELLVILLE AIRPORT COMMISSION MINUTES DATE 5/25/2021 MEETING ADJOURNED: ____6:46 PM__ 3