craa board of directors meeting · 1/23/2018 · airlines - $338. the variance is due to a...

CRAA Board of Directors Meeting

January 23, 2018

Columbus Regional Airport Authority

4600 International Gateway

Board Room

Columbus, OH, 43219

Board Meeting Agenda

Tuesday, January 23, 2018 at 4:00 p.m. | Board Room Absent: J. Miller, D. Casto

I) Call to Order ...................................................................................... S. Tomasky

II) Approval of November 28, 2017 and December 12, 2017 Minutes

III) Committee Reports

Air Service & Customer Experience ............................................. T. Williams

Business Development & Logistics ................................................. E. Kessler

Facilities & Services ......................................................................W. Heifner

Finance & Audit ............................................................................. K. Ransier

Human Resources ........................................................................ S. Tomasky

IV) President & CEO Report ..................................................................... J. Nardone

V) Reading of Resolutions

VI) Other Business

December 31, 2017

1

Financial statements set forth are unaudited.

REVENUE ACTUAL BUDGET VARIANCE % ACTUAL VARIANCE

PARKING $36,014 $38,368 ($2,354) -6.1% $34,822 $1,192

AIRLINES 34,797 34,459 338 1.0% 30,215 4,582

GROUND TRANSPORTATION 12,042 12,283 (241) -2.0% 12,082 (40)

CONCESSIONS & MISC LESSEES 9,818 8,924 895 10.0% 9,708 110

AIR FREIGHT 6,485 5,722 763 13.3% 5,338 1,147

HOTEL 4,496 4,496 - - 4,605 (109)

GENERAL AVIATION 3,514 3,299 215 6.5% 3,276 237

GROUND HANDLING FEES 3,029 2,914 115 4.0% 2,334 695

FOREIGN TRADE ZONE 320 320 - - 326 (6)

INTERMODAL LIFT FEES 954 892 62 7.0% 1,006 (53)

OTHER INCOME 837 595 243 40.8% 505 332

$112,306 $112,271 $36 0.0% $104,218 $8,088

EXPENSESSALARIES & WAGES $27,300 $27,628 $328 1.2% $25,956 ($1,344)

BENEFITS & PERSONNEL 9,430 10,882 1,453 13.3% 11,650 2,220

SUPPLIES & MATERIALS 3,811 4,568 757 16.6% 4,607 796

SERVICES 24,132 23,344 (787) -3.4% 21,561 (2,571)

HOTEL SERVICES 2,473 2,359 (114) -4.8% 2,437 (36)

CONTRACT LABOR FBO/GSE 2,048 1,855 (193) -10.4% 1,592 (456)

CONTRACT LABOR OTHER 8,813 8,749 (64) -0.7% 7,984 (829)

OTHER EXPENSES 1 - (1) - 138 137

$78,008 $79,386 $1,378 1.7% $75,926 ($2,082)

OPERATING INCOME BEFORE DEPRECIATION

$34,299 $32,885 $1,413 4.3% $28,294 $6,005

CRAA Operating Revenue & ExpensesFor the Period Ending December 31, 2017

($ In Thousands)

MANAGEMENT COMMENTS

2017 2016 CURRENT YEAR BUDGET VARIANCE:REVENUE

Total Operating Revenue has a positive budget variance of $36.

PARKING - ($2,354)The variance is the result of a delayed start date for the Valet agreement and the opening of the Walking Lot as well as an aggressive budget for the Blue Lot and alternative transportation in lieu of utilizing the Garage. This is partially offset by an increase in passenger traffic for Rickenbacker and an increase in utilization of the Employee Lot.

AIRLINES - $338The variance is due to a decrease in the Supplemental Credit anticipated to be provided to the signatory airlines. Additionally, there is an increase in gate use fees due to increased utilization by Delta and American. This is offset by carry forward adjustments made for the 2017 budget to estimate and terminal use fees as a result of Frontier's signatory status change.

GROUND TRANSPORTATION - ($241)The variance is due to lower rental car revenue as the result of a payment policy change and increased utilization of alternative transportation.

CONCESSIONS & MISC LESSEES - $895The variance is due to higher concession activity due to increased passenger traffic and an increase in misc. lessees and ground rent as a result of unplanned renewals and new leases. Additionally, there is an increase due to unbudgeted lodging revenue.

AIR FREIGHT - $763The variance is due to an increase in the unit cost for the sale of diesel fuel to FedEx and an increase in fuel into plane fees for cargo and passenger flights. Additionally, there is an increase in cargo landing fees due to new entrants at Rickenbacker.

GENERAL AVIATION - $215The favorable variance is the result of an increase in fuel flow and use fees from CMH's FBO provider due to increased flight operations for Frontier Airlines as well as a use fee audit recovery for 2015 and 2016.

GROUND HANDLING FEES - $115There is an increase due to an increase in passenger traffic for Allegiant Airlines at Rickenbacker.

OTHER INCOME - $243The variance is due to recovery of a 2016 TZR customer bad debt.

EXPENSES

Total Operating Expenses have a positive budget variance of $1,378.

SALARIES & WAGES - $328The favorable variance is the result of vacant positions, partially offset by a decrease in the allocation of project management hours.

BENEFITS & PERSONNEL - $1,453The variance is a result of a decrease in employee health insurance costs due to self funding as well as vacant positions anticipated to utilize health insurance and a decrease in the costs related to worker's compensation from less claims.

SUPPLIES & MATERIALS - $757The variance is due to a decrease in the usage of snow supply materials as a result of a mild winter as well as a decrease in paint, chemicals, and paving maintenance supplies.

SERVICES - ($787)The unfavorable variance is the result of an increase in legal costs as a result of union negotiations and an annexation agreement at LCK as well as professional services for the Midfield Development Program, FBO/Fuel consulting services, and talent acquisition fees. This is partially offset by a decrease in costs related to glycol remediation and utilities due to a mild winter and a favorable variance due to a budget error for insurance premiums. Additionally, there is a favorable variance as a result of a decrease in spend for fingerprinting, marketing, and merchant service fees.

HOTEL SERVICES - ($114)The increase is due to the inclusion of the hotel incentive fee as well as an increase in room, maintenance, and marketing expenses.

CONTRACT LABOR FBO/GSE - ($193)The variance is due to increased passenger traffic at Rickenbacker.

2


11/30/2017 11/30/2016 Variance

AVIS $12,324 $15,776 ($3,452)BUDGET 9,784 11,574 (1,791)DOLLAR 4,750 6,304 (1,554)

THRIFTY 3,582 4,441 (859)ENTERPRISE 13,984 14,032 (48)

HERTZ 14,745 17,383 (2,638)NATIONAL 12,687 13,611 (924)

ALAMO 2,325 2,363 (38)

TOTAL $74,180 $85,484 ($11,305)

COLUMBUS REGIONAL AIRPORT AUTHORITY

RENTAL CAR ACTIVITY (Year over Year / Year to Date)

COMPOSITION OF OPERATING REVENUE (Current Year Percentage)

CRAA SALARIES & WAGES (LCK & CMH)

COMPOSITION OF OPERATING EXPENSES (Current Year Percentage)

UTILITY COSTS (Year over Year / Year to Date)

Reported 1 month in arrears.

Reported through pay period ending 12/16/17.

For the Period Ending December 31, 2017($ In Thousands)

Gross Receipts Number of Transactions

Filled 406

Part Time6

Full Time28

Seasonal 4

Vacant 38

Head Count

SALARIES & WAGES35.1%

BENEFITS & PERSONNEL

12.1%

SUPPLIES & MATERIALS4.9%

SERVICES30.9%

HOTEL SERVICES3.2%

CONTRACT LABOR FBO/GSE

2.6%

CONTRACT LABOR OTHER11.2%

AIR FREIGHT5.7%OTHER INCOME

1.9%

AIRLINES31.0%

CONCESSIONS & MISC LESSEES

8.7%

GENERAL AVIATION3.1%

GROUND HANDLING FEES2.7%

GROUND TRANSPORTATION10.7%

HOTEL4.0%

PARKING32.2%

$1,365

$969

Actual Budget

Overtime

$3,478

$3,639

$3,726

$3,920

$3,846

2014A

2015A

2016A

2017B

2017A

41,005 44,511 42,132

November

474,498

499,277 493,539

Year to Date

201720162015

3


VarianceREVENUE -

EXPENSES (114) Net Operating Income ($114)

Occupied 220,833Actual $62,792

Air Cargo - 4760 18,000Air Cargo - 4750 6,000

Budget $64,572 Vacant 24,000

Variance ($1,780) Total 244,833

% of Total Revenue 64.7% % Occupied 90%

$4,496


For the Period Ending December 31, 2017($ In Thousands)

Budget

JOHN GLENN INTERNATIONAL

HOTEL OPERATIONS EXPENSES BY COST CENTER

Actual$4,496

NON-AIRLINE REVENUE

2,359$2,023 $2,137

Reported as of 11/30/17.

JOHN GLENN COLUMBUS GATES

2,473

Statistical Results are reported as of 11/30/17.

(Square Feet)

LEASABLE LANDSIDE BUILDINGS

79.2% 77.3%

Actual Budget

Occupancy Rate

$100.76 $101.13

Actual Budget

Revenue Per Available Room

$127.19 $130.86

Actual Budget

Average Daily Rate

$7,997

$2,107

$15,284

$10,135

$3,333

$26,517

$9,063

$1,792

$14,297

$10,124

$3,111

$28,136

Airfield

Apron

Terminal

Prkg./GroundTrans.

Leased Properties

G&A Support

Actual

Budget

AMERICAN 7

DELTA6

FRONTIER1

SOUTHWEST5

UNITED3

UNLEASED7

Gate Inventory

TOTAL29

2,201

1,585

-

1,147

105

1,716

831 679

1,245

82

YTD Use of Unleased Gates2017 2016

4


Revenue Actual Budget Variance Actual VarianceAviation - Business Services $5,559 $4,811 $748 $4,507 $1,052Aviation - Public Airport 5,703 5,256 446 4,456 1,247Aviation - Airside Buildings 1,306 1,145 161 1,212 94Real Estate 2,071 1,965 106 2,125 (54)Indirect 18 18 - 514 (496)

Total 14,656 13,196 1,461 12,815 1,842

ExpensesAviation - Business Services 3,723 3,598 (125) 3,308 (415)Aviation - Public Airport 4,762 5,008 247 4,018 (744)Aviation - Airside Buildings 827 873 46 680 (147)Real Estate 766 865 99 921 155Indirect 1,976 1,882 (93) 2,019 43

Total 12,054 12,227 173 10,945 (1,108)

Actual Budget VarianceGROUND FUEL EVENT FEES

UNLEADED $14,705 $18,280 ($3,575)DIESEL 113,615 107,280 6,335 Occupied 270,235

$128,320 $125,560 $2,760FUEL INTO PLANE FEES Air Cargo - 7200 19,000

CARGO $1,056,552 $716,160 $340,392 Air Cargo - 2566 8,000PASSENGER 134,987 98,025 36,962 Air Cargo - 7280 24,000

$1,191,538 $814,185 $377,354 Vacant 51,000NUMBER OF AIRCRAFT TURNS

CARGO 773 800 (27)PASSENGER 965 685 280 Total 321,235

1,738 1,485 253AVIATION RETAIL FUEL SALES (GALLONS)

JET A 180,399 60,000 120,399AVGAS 8,023 6,000 2,023

188,422 66,000 122,422

% Occupied

(Square Feet)

84%

RICKENBACKER INLAND PORTFor the Period Ending December 31, 2017

($ In Thousands)

2016


FBO OPERATIONS

RICKENBACKER OPERATING INCOME2017

Net Operating Income $2,603 $969 $1,634 $1,870 $734

LEASABLE LANDSIDE BUILDINGS

5


ASSETS 12/31/2017 12/31/2016 VARIANCE

CASH & CASH EQUIVALENTS $165,387 $152,861 $12,527 UNRESTRICTED FUNDS: % of Total

ACCOUNTS RECEIVABLE, NET 13,167 20,534 (7,368) REVENUE FUND $23,490 14.20%

INVENTORY & PREPAIDS 3,468 3,159 309 GENERAL PURPOSE FUND 57,019 34.48%

LAND, PROPERTY & EQUIPMENT, NET 758,286 760,733 (2,447) O&M/R&R FUND 12,510 7.56%

DEPOSITS, DEFERRED OUTFLOWS 12,027 12,027 - HOTEL ESCROW FUND 704 0.43%

SECURITY DEPOSIT FUND 416 0.25%

94,139 56.92%LIABILITIES RESTRICTED FUNDS:

CURRENT LIABILITIES: PASSENGER FACILITY FUND 15,593 9.43%

ACCOUNTS PAYABLE $8,982 $8,070 $912 RENTAL CAR FACILITY FUND 53,968 32.63%

REVOLVING CREDIT FACILITY 9,500 9,500 - BOND DEBT SERVICE FUND 1,002 0.61%

ACCRUED EXPENSES 18,765 21,955 (3,190) RETAINAGE DEPOSIT FUND 685 0.41%

UNEARNED INCOME, DEFERRED INFLOWS 3,402 7,898 (4,496) 71,248 43.08%

LONG-TERM LIABILITIES: TOTAL CASH $165,387REVENUE BONDS 80,983 90,361 (9,378) UNFUNDED PENSION LIABILITY 27,916 27,916 -

TOTAL LIABILITIES & DEFERRED INFLOWS 149,548 165,700 (16,152)NET POSITIONNET POSITION - BEGINNING OF YEAR 783,613 751,251 32,362

INCREASE (DECREASE) IN NET POSITION 19,173 32,362 (13,189)

NET POSITION - END OF PERIOD 802,786 783,613 19,173

Outstanding Balance 2017 Approved Capital Budget $56,188

Revolving Credit Facility (72% LIBOR +85 bps) 9,500$ Total Cash Expenditures to Date $45,186

Long-Term Debt % of Approved Capital Budget 80%

CMH Revenue Bonds:Series - 2013 (Mat. 2021, 1.66%) 8,368 Total Accrued Expenditures to Date $44,603Series - 2015 (Mat. 2030, 2.48%) 35,133 % of Approved Capital Budget 79%Series - 2016 (Mat. 2023, 1.62%) 37,482

80,983 Total Baseline to Date $56,188% of Baseline to Date 79%

Revolving Credit Facility & Debt 90,483$

DEBT STRUCTURE

CASH BALANCES

Statement of Net Position Analysis

($ In Thousands)For the Period Ending December 31, 2017

CAPITAL EXPENDITURES

TOTAL LIABILITIES, DEFERRED INFLOWS & NET POSITION $952,334 $949,314 $3,021

TOTAL ASSETS & DEFERRED OUTFLOWS $952,334 $949,314 $3,021

433

365

617

Days Unrestricted Cash onHand

Board & Airline Approved

Moody's Average*

Unrestricted Cash on Hand (Days)

*Benchmark from Moody's 2016 Airport Medians Report for an A2 airport.

$21.12 $50.92

CRAA Moody'sAverage*

Debt Per Enplaned Passenger

*Benchmark from Moody's 2016 Airport Medians Report for an A2

airport.

FUND NO. FUND NAME DESCRIPTION BALANCE

UNRESTRICTED FUNDS:10 REVENUE FUND

Operating Fund 21,048,604$ Parking/Hotel Petty Cash 16,900$ Parking Fund 2,390,412$ Retainage 34,444$

Subtotal 23,490,359$

11 GENERAL PURPOSE FUNDGeneral Purpose/Star Ohio 15,191,525$ General Purpose Investment MM 51,280$ General Purpose Securities 42,415,000$ General Purpose FMV Adjustment (440,617)$ General Purpose Prem/Discount (197,743)$


41 OPERATING & MAINTENANCE FUNDGeneral Purpose Bond Reserves 225,000$ O&M Investment MM 48,771$ O&M Investment Securities 11,427,059$ O&M FMV Adjustment (134,346)$ O&M Prem/Discount (56,710)$


42 REPAIR & REPLACEMENT FUNDGeneral Purpose Bond Reserves -$ R&R Investment Securities 1,000,000$

Subtotal 1,000,000$

50 HOTEL ESCROW FUNDHotel Replacement Fund 704,047$

Subtotal 704,047$

70 DEPOSIT FUNDSecurity Deposits 268,608$ Parking Security Deposits 147,034$

Subtotal 415,642$

Days Cash on Hand: Unrestricted Total 94,139,266$ 433

RESTRICTED FUNDS:

60 PASSENGER FACILITY FUNDPFC Fund 3,578,454$ PFC Excess Funds/STO Bank 10,003,767$ PFC Excess Funds/PNC Bank 2,010,985$


30 RENTAL CAR FACILITY FUNDRCFC Fund 3,800,392$ RCFC Investments MM 83,772$ RCFC Securities 50,370,000$ RCFC FMV Adjustment (83,107)$ RCFC Prem/Discount (203,462)$


20 DEBT SERVICE FUNDSubordinated Obligation 10,292$

Subtotal 10,292$

12 CONSTRUCTION FUND -$ Subtotal -$

40 BOND DEBT SERVICE FUNDDebt Service Reserves - S2007 -$ Debt Service - S2016 492,892$ Loan Debt Service - 2013A/B 215,632$ Debt Service - S2015 283,419$

Subtotal 991,944$

70 DEPOSIT FUNDRetainages 684,939$

Subtotal 684,939$

Restricted Total 71,247,976$

CASH TOTAL 165,387,242$

CRAA CASH REPORT AS OF: 12/31/2017


Budget vs. ActualDecember 31, 2017

REVENUE & EXPENSESOPERATING REVENUE CMH|TZR LCK|IID COMBINED CMH|TZR LCK|IID COMBINED COMBINED %

PARKING 35,018,682$ 996,613$ 36,015,295$ 37,496,464$ 871,418$ 38,367,882$ (2,352,587)$ -6.1% AIRLINES 34,193,348 603,923 34,797,271 34,022,325 436,965 34,459,290 337,981 1.0% GROUND TRANSPORTATION 12,030,903 10,046 12,040,949 12,283,307 - 12,283,307 (242,358) -2.0% CONCESSIONAIRES & MISCELLANEOUS LESSEES 7,724,364 2,093,851 9,818,216 7,019,906 1,903,790 8,923,696 894,520 10.0% AIR FREIGHT 26,912 6,458,086 6,484,998 28,676 5,692,907 5,721,583 763,415 13.3% HOTEL 4,495,731 - 4,495,731 4,495,195 - 4,495,195 536 0.0% GENERAL AVIATION 3,432,947 80,695 3,513,641 3,214,945 83,832 3,298,777 214,864 6.5% GROUND HANDLING SERVICES - 3,029,203 3,029,203 - 2,913,763 2,913,763 115,440 4.0% FOREIGN TRADE ZONE - 320,000 320,000 - 320,000 320,000 - 0.0% INTERMODAL LIFT FEES - 953,913 953,913 - 891,756 891,756 62,157 7.0% OTHER INCOME 727,337 109,982 837,318 513,312 81,188 594,500 242,818 40.8%

TOTAL OPERATING REVENUE 97,650,224 14,656,313 112,306,537 99,074,130 13,195,619 112,269,749 36,788 0.0%

OPERATING EXPENSES SALARIES & WAGES 23,606,654 3,693,296 27,299,950 23,847,026 3,781,260 27,628,286 328,336 1.2% BENEFITS & PERSONNEL EXPENSES 8,027,976 1,401,578 9,429,555 9,299,579 1,582,565 10,882,144 1,452,589 13.3% SUPPLIES & MATERIALS 2,307,381 1,503,923 3,811,304 2,860,319 1,707,786 4,568,105 756,801 16.6% OTHER SERVICES 11,170,619 2,077,708 13,248,327 11,441,956 1,807,207 13,249,163 836 0.0% PROFESSIONAL SERVICES 3,961,312 297,160 4,258,472 3,205,853 288,332 3,494,185 (764,287) -21.9% HOTEL SERVICES 2,473,217 - 2,473,217 2,359,063 - 2,359,063 (114,154) -4.8% PARKING SERVICES 2,724,060 54,715 2,778,775 2,650,355 31,119 2,681,474 (97,301) -3.6% UTILITIES 4,023,943 783,484 4,807,427 3,985,308 912,942 4,898,250 90,823 1.9% REIMBURSABLE UTILITIES (956,609) (4,706) (961,315) (973,952) (4,692) (978,644) (17,329) 1.8% OUTLAYS FOR FIXED ASSETS 293,778 213,946 507,724 74,750 126,250 201,000 (306,724) -152.6% FIXED ASSET OFFSET (293,778) (213,946) (507,724) (74,750) (126,250) (201,000) 306,724 -152.6% CONTRACT LABOR FBO/GROUND HANDLING - 2,048,161 2,048,161 - 1,855,188 1,855,188 (192,973) -10.4% CONTRACT LABOR OTHER 8,609,902 203,216 8,813,118 8,483,681 265,282 8,748,963 (64,155) -0.7% OTHER EXPENSES 250 - 250 - - - (250) -

TOTAL OPERATING EXPENSES 65,948,705 12,058,535 78,007,240 67,159,188 12,226,989 79,386,177 1,378,937 1.7%

OPERATING INCOME BEFORE DEPRECIATION 31,701,519 2,597,778 34,299,297 31,914,942 968,630 32,883,572 1,415,725 4.3%

DEPRECIATION & OTHER RECONCILING ITEMS DEPRECIATION/AMORTIZATION EXPENSES (37,475,544) (8,154,629) (45,630,172) (36,279,996) (7,170,852) (43,450,848) (2,179,324) 5.0% AMORTIZATION OF DEFERRED BOND REFUNDING - - - - - - - - INTEREST INCOME - OPERATING FUNDS 970,480 (11,448) 959,031 772,933 (154,588) 618,345 340,686 55.1% INTEREST INCOME - DEBT SERVICE FUNDS 27,380 - 27,380 11,004 - 11,004 16,376 148.8% REALIZED/UNREALIZED GAIN (LOSS) (140,812) 1,237,690 1,096,878 - - - 1,096,878 - OTHER 650,279 53,169 703,447 555,600 16,440 572,040 131,407 23.0% DEBT INTEREST PAYMENTS (1,781,678) - (1,781,678) (1,920,192) - (1,920,192) 138,514 -7.2% CONTRIBUTED CAPITAL: FEDERAL, STATE & LOCAL GRANTS (369,786) 5,493,757 5,123,971 6,184,756 4,645,000 10,829,756 (5,705,785) -52.7% PASSENGER FACILITY CHARGES 13,818,170 - 13,818,170 14,266,000 - 14,266,000 (447,830) -3.1% RENTAL CAR CUSTOMER FACILITY CHARGE 10,556,466 - 10,556,466 10,500,000 - 10,500,000 56,466 0.5% ALLOCATED G&A - - - 12 - 12 (12) -100.0%

TOTAL DEPREC & OTHER ITEMS (13,745,046) (1,381,461) (15,126,507) (5,909,883) (2,664,000) (8,573,883) (6,552,624) 76.4%

INCREASE (DECREASE) IN NET POSITION 17,956,474$ 1,216,316$ 19,172,790$ 26,005,059$ (1,695,370)$ 24,309,689$ (5,136,899)$ -21.1%

ACTUAL BUDGET VARIANCE

Statements of Revenues, Expenses and Changes in Net Position

December 31, 2017

Operating Revenue Actual Budget Variance % Actual Budget Variance % Actual Variance %Parking Garage 1,271,225$ 1,303,979$ (32,754)$ -2.5% 17,171,484$ 17,675,491$ (504,007)$ -2.9% 16,959,041$ 212,443$ 1.3% Blue Lot 451,268 641,199 (189,931) -29.6% 6,927,135 7,740,457 (813,322) -10.5% 7,075,901 (148,766) -2.1% Red Lot 338,678 481,256 (142,578) -29.6% 5,280,127 5,358,139 (78,012) -1.5% 5,242,052 38,075 0.7% Employee Lot 62,562 59,997 2,565 4.3% 1,008,366 949,964 58,402 6.1% 958,001 50,365 5.3% Rickenbacker 52,125 70,235 (18,110) -25.8% 998,398 871,418 126,980 14.6% 772,715 225,683 29.2% Green Lot 201,789 229,063 (27,274) -11.9% 2,495,423 2,591,837 (96,414) -3.7% 2,540,416 (44,993) -1.8% Walking Lot 21,588 50,400 (28,812) -57.2% 36,083 604,799 (568,716) -94.0% - 36,083 -

Parking Subtotal 2,399,234 2,836,129 (436,895) -15.4% 33,917,015 35,792,105 (1,875,090) -5.2% 33,548,125 368,890 1.1% Valet Parking 99,796 140,442 (40,646) -28.9% 1,491,601 2,003,104 (511,503) -25.5% 729,760 761,841 104.4% Off-Site Parking 50,390 47,667 2,723 5.7% 528,156 534,669 (6,513) -1.2% 485,126 43,030 8.9% Hotel Parking 3,982 3,167 815 25.7% 78,353 38,004 40,349 106.2% 58,332 20,021 34.3%

Parking Total 2,553,402 3,027,405 (474,003) -15.7% 36,015,125 38,367,882 (2,352,757) -6.1% 34,821,343 1,193,783 3.4%Ground Transportation Rental Cars 825,920 839,735 (13,815) -1.6% 10,783,691 11,423,915 (640,224) -5.6% 11,219,340 (435,649) -3.9% Transportation Network Company 108,116 32,700 75,416 230.6% 831,486 392,400 439,086 111.9% 415,676 415,810 100.0% Taxi Cab Commissions 14,256 13,917 339 2.4% 168,664 167,004 1,660 1.0% 169,163 (499) -0.3% Commercial Access 16,834 24,999 (8,165) -32.7% 257,109 299,988 (42,879) -14.3% 278,816 (21,707) -7.8%

Ground Transportation Total 965,126 911,351 53,775 5.9% 12,040,949 12,283,307 (242,358) -2.0% 12,082,994 (42,045) -0.3%3,518,528$ 3,938,756$ (420,228)$ -10.7% 48,056,075$ 50,651,189$ (2,595,114)$ -5.1% 46,904,337$ 1,151,737$ 2.5%

Operating Expenses Garage 186,837 156,619 (30,218) -19.3% 1,673,926 1,587,179 (86,747) -5.5% 1,897,033 223,107 11.8% Blue Lot 187,499 183,302 (4,197) -2.3% 1,688,517 1,689,674 1,157 0.1% 1,703,774 15,257 0.9% Red Lot 130,708 120,612 (10,096) -8.4% 1,200,670 1,136,659 (64,011) -5.6% 1,239,978 39,308 3.2% Employee Lot 93,951 91,249 (2,702) -3.0% 831,776 850,282 18,506 2.2% 882,975 51,199 5.8% Rickenbacker 8,344 7,541 (803) -10.7% 125,083 71,493 (53,590) -75.0% 134,545 9,461 7.0% Green Lot 83,831 81,112 (2,719) -3.4% 786,863 761,099 (25,764) -3.4% 811,447 24,584 3.0% Ground Transportation 142,662 167,655 24,993 14.9% 965,977 1,151,529 185,552 16.1% 949,700 (16,277) -1.7% Valet Parking 98,409 72,173 (26,236) -36.4% 798,482 693,316 (105,166) -15.2% - (798,482) - Walking Lot 436 519 83 15.9% 4,719 4,059 (660) -16.3% - (4,719) -

932,677$ 880,782$ (51,895)$ -5.9% 8,076,012$ 7,945,290$ (130,722)$ -1.6% 7,619,451$ (456,560)$ -6.0%

Net Income 2,585,851$ 3,057,974$ (472,123)$ -15.4% 39,980,063$ 42,705,899$ (2,725,836)$ -6.4% 39,284,886$ 695,177$ 1.6%

Total Operating Revenue has a negative budget variance of ($2,595).GARAGE - ($504)The variance is due to increased demand for long term parking related to utilization of an additional 400 long term parking spaces available; offset by a decrease in demand in short term parking and shorter length of stay.BLUE LOT - ($813)The variance is due to a decrease in average length of stay and a decrease in tickets collected. This is related to a budget discrepancy for 2017. The intended budget was compiled with a 2% increase year over year but was finalized with a 3.5% increase. RED LOT - ($78)The variance is due to lower than anticipated growth and lower than expected average ticket fee. EMPLOYEE LOT - $58The variance is due to increased activity related to TSA employees; that previously parked in the Green Lot and additional companies utilizing the lot. RICKENBACKER - $127The variance is due to increase Rickenbacker passenger activity related to Spring Break and increased flight activity. Passenger activity is up by 31.2% for the year. GREEN LOT - ($96)The variance is due to decreased activity related to TSA employees moving to the Employee Lot. WALKING LOT - ($569)The variance is due to the delay in opening of the Walking Lot. The lot was budgeted to open in January and opened on November 7th.VALET PARKING - ($512)The variance is due to the new valet contract budgeted starting January 1 but was not effective until April 1. Operations have been performing as expected since the execution of the new contract. RENTAL CARS - ($640)The variance is due to a result of a payment method policy change and an increase in alternative transportation options available.TRANSPORATION NETWORK COMPANIES - $439The variance is due to higher than anticipated activity.

Total Operating Expenses has a negative budget variance of ($131).GARAGE - ($87)The variance is due to a decrease in management incentive fee offset by an increase in salaries and benefits due to the budgeted labor savings anticipated as a result of the automation with the new parkingsystem, not yet installed and an increase in maintenance cost due to the anticipated savings of cost covered under warranty with the new parking system. RED LOT - ($64)The variance is due to a decrease in management incentive fee offset by an increase in salaries and benefits due to the budgeted labor savings anticipated as a result of the automation with the new parkingsystem, not yet installed and an increase in maintenance cost due to the anticipated savings of cost covered under warranty with the new parking system. RICKENBACKER - ($54)The variance is due to cost of unbudgeted contract snow removal related to the roadways and parking lots and unbudgeted shuttle operation. GREEN LOT - ($26)The variance is due to unbudgeted repairs and maintenance expenses related to guard rail removal and plumbing repairs also increased maintenance cost due to anticipated savings of cost covered under warranty with the new parking system, not yet installed. GROUND TRANSPORTATION - $186The variance is due to an increase in advertising and marketing expense and equipment maintenance offset by a reduction in salaries and wages related to open positions and decreased utilization in snow removal supplies. VALET PARKING - ($105)The variance is due to an increase in salaries and benefits due to the budget figures based on a different agreement than executed and a lack of historical information during budgeting.

CURRENT YEAR BUDGET VARIANCE:

PARKING & GROUND TRANSPORTATION OVERVIEW

December-17 2017 Year to Date 2016 Year to Date

MANAGEMENT COMMENTS

Prior Year

Total Spaces Daily RateAverage

OccupancyAverage Length

of StayAverage Length of

StayGarage Long-Term 2,975 $18.00 50.0% 1d 11h 1d 10hGarage Short-Term 274 $30.00 35.8% 2h 55m 3h 11m

Blue Lot Covered 337 $10.00 30.0% 4d 21h 4d 18hBlue Lot Uncovered 4,035 $9.00 39.8% 3d 20h 3d 8h

Green Lot 2,130 $5.00 64.3% 4d 3h 4d 14hRed Lot 2,686 $7.00 61.1% 4d 9h 4d 9h

Rickenbacker 587 $7.00 42.2% 2d 19h 2d 14hWalking Lot 294 $11.00 17.3% 1d 21h N/A

Valet Parking 501 $22.00 32.5% 2d 1h N/A

2017 2016Total number of tickets collected: 1,112,891 1,118,974 Total number of tickets collected: 89,032

Current Year

CRAA PARKING LOT STATISTICAL INFORMATIONFor Month Ended December 31, 2017

Current Year to Date v. Prior Year to Date Current Month Actual v. Current Month Budget

COMPOSITION OF PARKING REVENUE Current Year to Date Percentage AVERAGE TICKET FEE

*Covered & Uncovered Blue Lots are combined. *Covered & Uncovered Blue Lots are combined.

NUMBER OF REVENUE TICKETS COLLECTED

Garage LT Garage ST Blue Lot* Green Lot Red Lot Rickenbacker Walking Lot2017B $35.44 $9.81 $42.79 $25.10 $35.04 $22.19 $11.002017 $33.32 $7.16 $40.33 $26.29 $33.39 $21.71 $26.282016 $32.48 $7.50 $38.89 $26.35 $35.84 $19.37 $0.00

28,112 29,467

15,190

9,127

13,736

3,165

1,200

32,037

24,765

11,196

7,668

10,143

2,401 822

Garage LT Garage ST Blue Lot Green Lot Red Lot Rickenbacker Walking Lot

Budget

Actual

369,908

289,388

178,053

97,527

149,694

34,404

-

394,991

254,403

173,793

96,234

150,649

41,263

1,558

Garage LT

Garage ST

Blue Lot

Green Lot

Red Lot

Rickenbacker

Walking Lot

20162017

Garage - Long Term 42.6%

Garage - Short Term 6.1%

*Blue Lot 19.6%

Red Lot 14.7%

Employee Lot 2.9%

Rickenbacker 2.8%

Green Lot 7.1%

Valet Parking 4.2%

December 2017

1/23/2018

PASSENGERS

Airline 2017 2016 Actual Change

Percent Change 2017 2016 Actual

Change Percent Change

Air Canada Express 5,154 4,446 708 15.9% 68,992 65,461 3,531 5.4%

American 147,622 140,149 7,473 5.3% 1,844,684 1,859,983 -15,299 -0.8%

Delta 123,083 124,738 -1,655 -1.3% 1,632,707 1,606,157 26,550 1.7%

Frontier 23,473 17,436 6,037 34.6% 288,602 150,504 138,098 91.8%

OneJet 284 - 284 - 605 - 605 -

Southwest 236,123 223,400 12,723 5.7% 2,752,826 2,645,139 107,687 4.1%

United 75,623 76,223 -600 -0.8% 947,266 960,786 -13,520 -1.4%

AIRLINES TOTALS 611,362 586,392 24,970 4.3% 7,535,682 7,288,030 247,652 3.4%

CHARTER TOTALS 2,432 2,571 -139 -5.4% 40,910 36,150 4,760 13.2%

AIRPORT TOTALS 613,794 588,963 24,831 4.2% 7,576,592 7,324,180 252,412 3.4%

CARGO




Air Canada Express - - - - - - - -

American 206,654 185,024 21,630 11.7% 2,096,925 1,731,859 365,066 21.1%

Delta 219,707 158,653 61,054 38.5% 2,044,634 1,847,628 197,006 10.7%

Southwest 347,499 411,799 -64,300 -15.6% 6,012,167 5,896,981 115,186 2.0%

United 17,073 53,253 -36,180 -67.9% 734,623 520,081 214,542 41.3%

AIRLINES TOTALS 790,933 808,729 -17,796 -2.2% 10,888,349 9,996,549 891,800 8.9%

CARGO AIRLINES TOTALS 40,801 6,935 33,866 488.3% 282,117 150,020 132,097 88.1%

AIRPORT TOTALS 831,734 815,664 16,070 2.0% 11,170,466 10,146,569 1,023,897 10.1%

AIRCRAFT OPERATIONS




Air Canada Express 94 92 2 2.2% 1,231 1,238 -7 -0.6%

American 1,213 1,174 39 3.3% 14,866 15,336 -470 -3.1%

Delta 796 826 -30 -3.6% 10,681 11,145 -464 -4.2%

Frontier 70 70 - 0.0% 997 571 426 74.6%

OneJet 32 - 32 - 69 - 69 -

Southwest 1,024 1,006 18 1.8% 12,144 11,962 182 1.5%

United 684 634 50 7.9% 7,560 7,739 -179 -2.3%

AIRLINES TOTALS 3,913 3,802 111 2.9% 47,548 47,991 -443 -0.9%

CHARTER TOTALS 86 101 -15 -14.9% 1,068 1,002 66 6.6%

CARGO AIRLINES TOTALS 35 12 23 191.7% 120 68 52 76.5%

AIRPORT TOTALS 4,034 3,915 119 3.0% 48,736 49,061 -325 -0.7%

Total Passengers - Monthly Total Passengers - Year to Date

Total Cargo (Freight and Mail) - Monthly Total Cargo (Freight and Mail) - Year-To-Date

Monthly Activity Report | December 2017JOHN GLENN COLUMBUS INTERNATIONAL AIRPORT

Actual Operations - Monthly Actual Operations - Year to Date

1

Notes:

Notes:

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Growth2013 438,528 443,005 544,196 516,697 560,673 574,301 552,988 523,218 502,796 555,673 491,217 521,056 6,224,348 -2.0%2014 431,573 436,243 570,869 518,866 571,958 593,617 590,414 540,844 510,182 561,479 507,340 522,589 6,355,974 2.1%2015 468,973 445,267 583,440 560,206 595,177 620,897 624,113 579,387 549,335 619,758 582,694 567,146 6,796,393 6.9%2016 497,271 495,819 630,788 581,346 652,145 689,135 678,292 616,346 616,726 648,764 628,585 588,963 7,324,180 7.8%2017 521,382 503,768 670,825 629,700 674,226 698,219 693,417 642,709 604,893 672,152 651,507 613,794 7,576,592 3.4%

17 vs. 16 4.8% 1.6% 6.3% 8.3% 3.4% 1.3% 2.2% 4.3% -1.9% 3.6% 3.6% 4.2%

JOHN GLENN COLUMBUS INTERNATIONAL AIRPORTDecember 2017

YE Peak Month YE Lowest Month

Prepared by the Business Development Division, Columbus Regional Airport Authority

Figures may not add up to 100% due to rounding

Figures may not add up to 100% due to rounding

400,000

450,000

500,000

550,000

600,000

650,000

700,000

750,000

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Total Passengers

2013 2014 2015 2016 2017

Air Canada0.8%

American24.1%

Delta20.1%Frontier

3.8%

Southwest38.5%

United12.3%

Other (Charters / OneJet)

0.4%

Monthly by Passengers

Air Canada Express0.9%

American24.3%

Delta21.6%

Frontier3.8%

Southwest36.3%

United12.6%

Other(Charters / OneJet)

0.5%

Year to Date by Passengers

2

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec2013 72.6 78.1 81.8 78.3 83.4 84.6 79.3 76.4 76.7 78.7 71.9 78.72014 70.4 76.5 81.7 77.9 82.5 84.2 81.4 78.8 78.2 80.7 76.6 78.52015 73.1 79.0 81.3 78.8 81.7 83.8 81.7 76.6 76.4 81.4 78.4 78.02016 71.2 74.9 81.6 77.0 81.7 84.1 83.2 76.9 79.8 81.7 81.6 78.82017 71.6 75.1 83.7 80.9 83.3 85.0 83.2 78.4 79.2 83.6 83.1 80.3

Source: US Department of Transportation T-100 Data Survey supplemented with CRAA reports

Given lag with DOT data, values based on estimating the amount of inbound seats reported on airline landing reportsPrepared by the Business Development Division, Columbus Regional Airport Authority

JOHN GLENN COLUMBUS INTERNATIONAL AIRPORTDecember 2017

*Values based on estimating the amount of inbound seats reported on airline landing reports

65.0

70.0

75.0

80.0

85.0

90.0


Historic Load Factor

2013 2014 2015 2016 2017

54.8%

79.0% 79.9%

93.1%

63.4%

80.2%83.7%

20.0%

40.0%

60.0%

80.0%

100.0%

Air Canada American Delta Frontier OneJet Southwest United

Estimated Load Factor*

3

1/23/2018

CHARTER PASSENGERS




Allegiant Air 15,259 12,544 2,715 21.6% 260,115 196,115 64,000 32.6%

Miami Air 930 489 441 90.2% 2,064 2,472 -408 -16.5%

Sun Country 316 68 248 364.7% 316 801 -485 -60.5%

Other Charters 1,385 1,092 293 26.8% 4,129 3,881 248 6.4%

AIRPORT TOTALS 17,890 14,193 3,697 26.0% 266,624 203,269 63,355 31.2%

CARGO




Cargolux 4,219,370 2,764,392 1,454,978 52.6% 42,201,620 27,380,616 14,821,004 54.1%

Cathay Pacific 2,655,137 2,255,269 399,868 17.7% 30,607,009 23,053,238 7,553,771 32.8%

Emirates 3,218,172 2,184,151 1,034,021 47.3% 30,198,156 21,911,017 8,287,139 37.8%

Etihad 2,140,384 661,094 1,479,290 223.8% 21,367,017 3,117,970 18,249,047 585.3%

FedEx 7,676,656 7,963,344 -286,688 -3.6% 85,725,374 86,909,693 -1,184,319 -1.4%

UPS 3,370,286 4,507,800 -1,137,514 -25.2% 31,113,985 30,827,855 286,130 0.9%

TOTAL DOMESTIC SCHEDULED 11,046,942 12,471,144 -1,424,202 -11.4% 116,839,359 117,737,548 -898,189 -0.8%

TOTAL INT'L SCHEDULED 12,233,063 7,864,906 4,368,157 55.5% 124,373,802 75,462,841 48,910,961 64.8%

TOTAL SCHEDULED CARGO 23,280,005 20,336,050 2,943,955 14.5% 241,213,161 193,200,389 48,012,772 24.9%

TOTAL DOMESTIC CARGO CHARTERS 147,936 481,705 -333,769 -69.3% 6,025,262 3,646,963 2,378,299 65.2%

TOTAL INT'L CARGO CHARTERS 769,283 235,612 533,671 226.5% 8,721,425 5,312,167 3,409,258 64.2%

TOTAL CARGO CHARTERS 917,219 717,317 199,902 27.9% 14,746,687 8,959,130 5,787,557 64.6%

TOTAL DOMESTIC 11,194,878 12,952,849 -1,757,971 -13.6% 122,864,621 121,384,511 1,480,110 1.2%

TOTAL INTERNATIONAL 13,002,346 8,100,518 4,901,828 60.5% 133,095,227 80,775,008 52,320,219 64.8%

AIRPORT TOTALS 24,197,224 21,053,367 3,143,857 14.9% 255,959,848 202,159,519 53,800,329 26.6%

AIRCRAFT OPERATIONS




Allegiant Air 50 44 6 13.6% 909 669 240 35.9%

Miami Air 6 3 3 100.0% 14 17 -3 -17.6%

Sun Country 2 1 1 100.0% 2 7 -5 -71.4%

Other Charters 9 4 5 125.0% 36 26 10 38.5%

PASSENGER OPERATIONS TOTALS 67 52 15 28.8% 961 719 242 33.7%

Cargolux 14 14 - 0.0% 167 161 6 3.7%

Cathay Pacific 18 15 3 20.0% 210 193 17 8.8%

Emirates 18 16 2 12.5% 179 165 14 8.5%

Etihad 10 3 7 233.3% 89 14 75 535.7%

FedEx 159 173 -14 -8.1% 1,748 1,726 22 1.3%

UPS 51 62 -11 -17.7% 527 537 -10 -1.9%

TOTAL SCHEDULED CARGO 270 283 -13 -4.6% 2,920 2,796 124 4.4%

TOTAL DOMESTIC CARGO CHARTERS 63 118 -55 -46.6% 728 894 -166 -18.6%

TOTAL INT'L CARGO CHARTERS 7 1 6 600.0% 50 39 11 28.2%

CARGO OPERATIONS TOTALS 340 402 -62 -15.4% 3,698 3,729 -31 -0.8%

AIRPORT TOTALS 407 454 -47 -10.4% 4,659 4,448 211 4.7%

Total Passengers - Year to Date

Total Cargo (Freight and Mail) - Monthly Total Cargo (Freight and Mail) - Year-To-Date

Actual Operations - Monthly Actual Operations - Year to Date

Total Passengers - Monthly

RICKENBACKER INTERNATIONAL AIRPORTMonthly Activity Report | December 2017

4

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Growth2013 2,571 2,027 2,438 2,786 2,557 2,327 2,625 2,856 665 3,074 3,940 5,403 33,269 130%2014 6,176 6,531 8,570 7,407 6,082 9,098 9,420 9,367 3,554 7,024 8,480 9,863 91,572 175%2015 10,791 8,809 14,238 13,100 12,496 18,504 20,857 18,318 11,836 11,020 12,411 13,871 166,251 82%2016 12,255 12,295 18,272 16,694 17,299 24,102 26,785 18,435 15,228 14,754 12,957 14,193 203,269 22%2017 11,471 13,520 26,754 23,746 24,373 35,406 37,730 23,019 14,754 23,714 14,247 17,890 266,624 31%

17 vs.16 -6.4% 10.0% 46.4% 42.2% 40.9% 46.9% 40.9% 24.9% -3.1% 60.7% 10.0% 26.0%Prepared by the Business Development Division, Columbus Regional Airport Authority

RICKENBACKER INTERNATIONAL AIRPORT December 2017

Note: Figures may not add up to 100% due to rounding

Note: Figures may not add up to 100% due to rounding

Cargolux17.4%

Cathay Pacific11.0%

Emirates13.3%

Etihad8.8%

FedEx 31.7%

UPS13.9%

Charters -Domestic

0.6%

Charters -International

3.2%

Monthly Cargo by Weights

- 4,000 8,000

12,000 16,000 20,000 24,000 28,000 32,000 36,000 40,000 44,000


Total Passengers

2013 2014 2015 2016 2017

Cargolux16.5%

Cathay Pacific12.0%

Emirates11.8%

Etihad8.3%

FedEx 33.5%

UPS12.2%

Charters -Domestic

2.4%

Charters - International3.4%

Year to Date Cargo by Weights

46%

54%

Domestic International

48%

52%

Domestic International

5

PASSENGERS

Airport 2017 2016 Actual Change



John Glenn Columbus International 613,794 588,963 24,831 4.2% 7,576,592 7,324,180 252,412 3.4%

Rickenbacker International 17,890 14,193 3,697 26.0% 266,624 203,269 63,355 31.2%

AIRPORT TOTALS 631,684 603,156 28,528 4.7% 7,843,216 7,527,449 315,767 4.2%

-

CARGO




John Glenn Columbus International 831,734 815,664 16,070 2.0% 11,170,466 10,146,569 1,023,897 10.1%

Rickenbacker International 24,197,224 21,053,367 3,143,857 14.9% 255,959,848 202,159,519 53,800,329 26.6%

AIRPORT TOTALS 25,028,958 21,869,031 3,159,927 14.4% 267,130,314 212,306,088 54,824,226 25.8%

-

AIRCRAFT OPERATIONS




John Glenn Columbus International 4,034 3,915 119 3.0% 48,736 49,061 -325 -0.7%

Rickenbacker International 407 454 -47 -10.4% 4,659 4,448 211 4.7%

AIRPORT TOTALS 4,441 4,369 72 1.6% 53,395 53,509 -114 -0.2%

Actual Operations - Monthly

Total Passengers - Monthly

Total Cargo (Freight and Mail) - Monthly

Actual Operations - Year to Date

Total Cargo (Freight and Mail) - Year-To-Date

Total Passengers - Year to Date

Monthly Activity Report | December 2017COMBINED AIRPORTS TRAFFIC REPORT

6

RESOLUTION 01-18

ADOPTED BY THE BOARD OF DIRECTORS OF THE COLUMBUS REGIONAL AIRPORT AUTHORITY BY

RESOLUTION NO. 01-18 ON THE 23rd DAY OF JANUARY, 2018.

XBy

Board Chair

XAttest

Secretary to the Board

Resolution 01-18 Project #18016| Page 1 of 1

A RESOLUTION OF THE COLUMBUS REGIONAL AIRPORT AUTHORITY AUTHORIZING

THE PURCHASE OF FIVE (5) 2018 PROPANE/GAS HYBRID SHUTTLES IN THE AMOUNT

OF $330,250 FROM THE EXISTING CONTRACT #1004035, OCP#PGT-2014-001 WITH

BUS SERVICE INC. FOR USE IN THE REMOTE SHUTTLE LOTS AT JOHN GLENN

COLUMBUS INTERNATIONAL AIRPORT

RESOLVED, To authorize the purchase with Bus Service Inc. in the amount of $330,250.00 for the purchase of

five (5) fourteen (14) passenger Propane/Gas hybrid shuttles for use in the remote automobile parking lots at

John Glenn Columbus International Airport.

Background: Due to increasing maintenance and operating costs, and to ensure that the shuttle fleet meets

customer expectations, it is necessary to replace five (5) of our current Propane/Gas shuttles. This purchase is

consistent with CRAA’s Shuttle Fleet Replacement Plan which includes the purchase of replacement shuttles

each year, while maintaining the CRAA’s fleet of twenty five (25) shuttles.

Pursuant to a Request for Proposal issued in October of 2014, and an associated qualifications-based selection

process, Bus Service Inc. (the sole bidder) was selected and was deemed qualified to provide five (5) propane-

powered-shuttle-buses. The cost per 2018 shuttle is $66,050.00. Total cost for this contract is $330,250.00 to

be funded from the Capital Reserve Fund.

Funding for the purchase and equipping of these units, in the total amount of $ 350,250.00 is included in the

2018 Capital Budget, project number 18016.

While the Authority values the importance of diversity and inclusion, this project lacks sufficient subcontracting

opportunities to justify the establishment of a Diversity Business Partner (DBP) Goal.

CRAA Contracts Committee recommends Board approval of Resolution 01-18, for the purchase of five (5) 2018

propane/gas hybrid shuttles in the amount of $330,250 for use in the remote shuttle lots at John Glenn

Columbus International Airport.

RESOLUTION 02-18



XBy

Board Chair

XAttest


Resolution 02-18 Project #9911B | Page 1 of 2

A RESOLUTION OF THE COLUMBUS REGIONAL AIRPORT AUTHORITY RATIFYING THE

PURCHASE AGREEMENT IN AN AMOUNT OF $301,000 WITH RED STONE FARM LLC TO

MITIGATE ISOLATED WETLAND IMPACTS RESULTING FROM THE MIDFIELD

DEVELOPMENT PROGRAM AT JOHN GLENN COLUMBUS INTERNATIONAL AIRPORT.

RESOLVED, to ratify a Wetland Mitigation Purchase Agreement with Red Stone Farm LLC in the amount of

$301,000 to acquire 4.3 acres of wetland mitigation credits.

Background: In July and August 2017 respectively, CRAA submitted a Section 401 Water Quality Certification

and a Level 2 Isolated Wetland Permit Application to the Ohio Environmental Protection Agency (OEPA) in order

to impact 1,601 LF of delineated streams and 1.463 acres of delineated wetlands associated with the Midfield

Development Program (MDP) at John Glenn International.

Mitigation of stream and wetland impacts is required pursuant to provisions of the Clean Water Act and Executive

Order 11990 regarding Protection of Wetlands, therefore one required component of the OEPA permit

applications was a specific and detailed mitigation plan. To offset impacts to 1,601 LF of stream and 1.463

acres of isolated wetlands associated with the MDP, CRAA proposed to purchase 1,601 LF of stream credits and

3.5 acres of wetland credits from the Stream + Wetlands Foundation (S+W) through their In-Lieu Fee Program

(ILF), per established mitigation standards. The mitigation plan accompanying the permit application required

an executed agreement in order to reserve mitigation credits. CRAA executed an agreement with S+W on June

30, 2017 and paid a deposit of 10%, or $52,573, of the total credit purchase. Of the $52,573 deposit, $15,750

was attributable to wetlands and $36,823 to streams. In July 2017, the Board adopted Resolution No. 53-17

ratifying the ILF Credit Purchase Agreement with S+W.

In past permitting efforts, the Ohio EPA allowed use of the ILF Program when no wetland mitigation banks had

available credits in the service area where the impacts occurred. In November 2017, Ohio EPA stated they

would enforce the preferred mitigation order in the Ohio Revised Code, which requires applicants to identify

wetland banks with a service area that is within or adjacent to the watershed where the isolated wetland impacts

will occur, before using the ILF.

-Continued-

RESOLUTION 02-18


As a result, CRAA is acquiring 4.3 acres of wetland mitigation credits from Red Stone Farm Wetland Mitigation

Bank. Red Stone Farm is located in Pike County, Ohio and has an approved service area that is adjacent to the

watershed where the CMH impacts will occur. Red Stone Farm was recommended by the Ohio EPA.

The total purchase agreement amount is $301,000 and will be funded from project #9911B – CONRAC, budgeted

at $112,006,476 in the 2018/19 Capital Budget to be funded from Capital Reserve Funds and CFC’s.

CRAA Contracts Committee recommends Board approval of Resolution 02-18 ratifying the purchase agreement

with Red Stone Farm LLC in the amount of $301,000.

RESOLUTION 03-18

ADOPTED BY THE BOARD OF DIRECTORS OF THE COLUMBUS REGIONAL AIRPORT AUTHORITY BY RESOLUTION NO. 03-18 ON THE 23rd DAY OF JANUARY, 2018.

XBy

Board Chair

XAttest


Resolution 03-18 Project #17044 | Page 1 of 1


AN INCREASE IN THE AMOUNT OF $729,788.84 TO THE MASTER SERVICE AGREEMENT

WITH AMERIBRIDGE, LLC FOR THE PURCHASE AND INSTALLATION OF PASSENGER

BOARDING BRIDGES AT JOHN GLENN COLUMBUS INTERNATIONAL AIRPORT.

RESOLVED, To authorize an increase in the amount of $729,788.84 to Ameribridge, LLC Master Services

Agreement, for the purchase and installation of Passenger Boarding Bridges at John Glenn International.

Background: There are no passenger boarding bridges at gates C-48 or B-36. With the increased passenger

traffic and projected increases in the future it is necessary to be able to utilize these two gates to support

forecasted growth gates. C-48 and B-36 will be equipped with two refurbished jetbridges. These additional

bridges will provide additional operational locations to support the Terminal Apron Project as well as allow

additional capacity for Spirit Airlines.

Resolution No. 29-12 originally authorized a contract with Ameribridge, LLC in the amount of $410,479 for

Demolition, Refurbishment and Installation of Passenger Boarding Bridges. Resolution No.’s 71-12, 62-13, 25-

14, 04-15, and 73-16 increased the authorization to $3,265,297.02. Approval of the requested $729,788.84

will increase the Board-approved total Master Service Agreement to $3,995,085.86

Ameribridge was selected through a Request for Proposal as the most qualified firm based on; Quality and

feasibility of the equipment, Experience and Past Performance, Capacity and Ability of the Firm to provide the

work, and cost.

The increase in contract amount is for services for project #17044-Jetbridge C-48 & B-36 passenger boarding

bridges installation is within the 2108/2019 Capital Budget in an amount of $1,454,161 to be funded from

Capital Reserves. There is adequate budget to cover the increase. The increase is covered by Task Order #13

and Task Order #14 both of which went to Contracts Committee on December 21, 2017.

Due to the limited nature in scope of services a Diversity Participation goal has not been established but the

Authority and Amerbridge will work to identify future diversity opportunities.

CRAA Contracts Committee recommends approval by the Board Resolution 03-18 authorizing an increase to the

Master Service Agreement with Ameribridge, LLC. In the amount of $729,788.84.

RESOLUTION 04-18



XBy

Board Chair

XAttest



A RESOLUTION OF THE COLUMBUS REGIONAL AIRPORT AUTHORITY AUTHORIZING A

CONTRACT IN THE AMOUNT OF $3,688,000 WITH R.W. SETTERLIN BUILDING

COMPANY, FOR PROJECT #16015, ESCALATORS 1-12 AND F REPLACEMENT AT JOHN

GLENN COLUMBUS INTERNATIONAL AIRPORT.

RESOLVED, to authorize a contract in the amount of $3,688,000 with R.W. Setterlin Building Company for

Escalators 1-12 and F Replacement at John Glenn Columbus International Airport.

Background: A study was performed in 2016, and it was determined Escalators 1-12 and F needed to be

replaced to increase the useful life of the existing terminal due to modern code requirements and age of

equipment. This project will furnish and install new escalators for 1-12 and F to accommodate new technology,

updated codes, replace dated equipment and enhance the safety and customer experience at John Glenn

Columbus International.

The Engineer’s estimate for the work is $4,130,000. The following bids were received on December 12, 2017.

Company Base Bid

R.W. Setterlin Building Company $3,688,000.00

Palmetto Construction $3,804,677.00

Project 16015 – Escalators 1-12 and F Replacement is included in the 2018/2019 Capital Budget in the amount

of $4,628,243 to be funded from Capital Reserves. This project includes a 13% DBP goal. R.W. Setterlin Building

Company provided a Good Faith Effort and has identified Anderson Decorating and Knight Electric as DBP

partners to achieve a 2.7% DBP goal.

CRAA Contracts Committee recommends the contract be awarded to R.W. Setterlin Building Company in the

amount of $3,688,000 as the lowest responsive and responsible bidder.

RESOLUTION 05-18



XBy

Board Chair

XAttest




AN INCREASE IN THE AMOUNT OF $296,851 TO THE MASTER SERVICE AGREEMENT

WITH HILL INTERNATIONAL, INC., FOR AS-NEEDED CONSTRUCTION MANAGEMENT

AND TESTING SERVICES AT JOHN GLENN COLUMBUS INTERNATIONAL,

RICKENBACKER INTERNATIONAL, AND BOLTON FIELD AIRPORTS.

RESOLVED, To authorize an increase in the amount of $296,851 to Hill International, Inc., for as-needed

construction management and testing services at John Glenn Columbus International, Rickenbacker

International, and Bolton Field Airports.

Background: Resolution 14-17 originally authorized a contract with Hill International, Inc., in the amount of

$250,000 for as-needed construction management and testing services. Resolution No.’s 36-17 and 60-17

increased the authorization to $988,518. Approval of the requested $296,851 will increase the Board-approved

total Master Service Agreement to $1,285,369.

Hill International was selected through the required qualifications-based selection process as the most qualified

firm to provide these services. The CRAA review committee scored each firm’s submission based on: Recent

Experience; Demonstrated Performance; Personnel Qualifications; Capacity and Resources; Diversity Plan; and,

Recent Contract with CRAA.

The increase in contract amount is for services for project #17048 Extended Stay Hotel – Residence Inn included

in the 2018/2019 Capital Budget in an amount of $22,040,762 to be funded from Capital Reserves. While the

Authority values the importance of diversity and inclusion, the scope of this increase lacks sufficient

subcontracting opportunities to justify the establishment of a Diversity Business Partner (DBP) goal.

CRAA Contracts Committee recommends approval by the Board of Resolution 05-18 authorizing an increase to

the Master Service Agreement with Hill International, Inc. in the amount of $296,851.

RESOLUTION 06-18



XBy

Board Chair

XAttest


Resolution 06-18 Page 1 of 2


AN INCREASE IN THE AMOUNT OF $1,290,352 TO THE MASTER SERVICES AGREEMENT

WITH R.W. BLOCK CONSULTING, INC., TO PROVIDE FY2018 PROGRAM MANAGEMENT

OVERSIGHT AND ADVISORY SERVICES RELATED TO THE MIDFIELD DEVELOPMENT

PROGRAM AT JOHN GLENN COLUMBUS INTERNATIONAL AIRPORT.

RESOLVED, To authorize an increase in the amount of $1,290,352 to the Master Services Agreement with R.W.

Block Consulting, Inc., (R.W. Block) to provide FY2018 program management oversight and advisory services

related to the Midfield Development Program at John Glenn Columbus International Airport (CMH).

Background: Resolution 34-16 originally authorized a contract with R.W. Block in the amount of $986,145 to

provide program management oversight services in connection with Phase I of the Midfield Development

Program. Those services included CONRAC implementation support to develop specific project parameters and

working with the Authority and rental car companies to structure a business deal and identify conceptual design

requirements for the project. Additionally, the original Master Services Agreement provided for the evaluation

of internal staffing, processes and system-wide impacts that may be realized through significant increased

capital activity, as well as development of a plan of execution document for Phases I and II of the Midfield

Development Program.

Resolution 48-16 authorized an increase in the amount of $1,232,720 to the Master Services Agreement to

conduct a capacity analysis of the key components of the existing CMH terminal complex; and prepare a concept

refinement document for the proposed Midfield Development Program. The increased scope of work also

provided for engaging the services of an estimating firm to validate pricing associated with the Midfield

Development Program. With this increase to cover the FY2018 Services, the total Board authorization will be

$3,509,217

This proposed increase provides for continued program management support for the Phase I CONRAC and utility relocation projects, project management augmentation for design management, cost estimating, and preconstruction services through FY2018.

Continued-

RESOLUTION 06-18

Resolution 06-18 Page 2 of 2

Additionally, this increase will provide for support in implementing recommendations made in the Plan of Execution as it relates to all future phases of the Midfield Development Program. Some examples include process modifications, system requirements and organizational change. R.W. Block was selected through a qualifications-based selection process as the most qualified firm to provide

these services. The firm is DBE certified in Ohio through the Ohio Department of Transportation (ODOT), Unified Certification Program (UCP). $589,018 of this increase will be funded from CFC’s for the CONRAC and $32,815 from PFC and $266,826 from

capital reserve for related projects and are included in the 2018/2019 Capital Budget. $401,693 has been included in the 2018 Operating Budget.

CRAA Contracts Committee recommends Board approval of Resolution No. 06-18 authorizing an increase to the Master Services Agreement with R.W. Block Consulting, Inc. in the amount of $1,290,352

-

RESOLUTION 07-18



XBy

Board Chair

XAttest


Resolution 07-18 | Page 1 of 2

A RESOLUTION OF THE COLUMBUS REGIONAL AIRPORT AUTHORITY AUTHORIZING THE EXECUTION

OF CONCESSION AGREEMENTS AND RELATED DOCUMENTS FOR THE USE, OCCUPANCY, AND

OPERATION OF THE FUTURE CONSOLIDATED RENTAL CAR FACILITY AT JOHN GLENN COLUMBUS

INTERNATIONAL AIRPORT.

RESOLVED, To approve the terms and conditions and authorize the President & CEO to execute the Concession

Agreement and related documents with Avis Budget Car Rental, LLC dba Avis and Budget; Byers Car Rental

LLC, dba Hertz; DTG Operations Inc., dba Dollar and Thrifty; EAN Holdings, LLC dba Enterprise Rent-A-Car;

Midwest Car Corporation dba National Car Rental and Alamo Rent A Car; and Advantage Opco, LLC dba

Advantage Rent A Car for the use, occupancy, and operation of the future consolidated rental car facility at John

Glenn Columbus International Airport.

Background: In 2016 the Authority and rental car companies (RACs) began negotiations to relocate to a future

consolidated rental car facility (CONRAC). The new Concession Agreement identifies the scope and timing of the

CONRAC project, obtains the commitment of the RACs to participate in the design of the CONRAC, secures a

commitment on financing, and identifies terms of use and occupancy. The business terms identified in the

Concession Agreement provide for a thirty (30) year term commencing upon occupancy of the CONRAC

estimated for mid-2020. The privilege fee remains at ten percent (10%) of the RAC's total gross revenues, the

current industry norm. The annual land use fee is set at $750,000.00, adjusted annually based on CPI. The

specific areas of the CONRAC occupied by each RAC as well as the land use fee amount paid by each will be

determined in early 2019 based on then current market share. The Concession Agreement further provides the

Authority the right to reopen the business terms of the Concession Agreement for renegotiation at regular

intervals. The Concession Agreement identifies the use of Consolidated Facility Charges (CFC’s) and Bond

proceeds to fund the CONRAC and the order of priority in the use of those funds. The RACs committed to

covering the costs of the project in the event CFC's and alternative methods of covering the costs are insufficient.

The Concession Agreement also provides for a new market entrant (Advantage) and the opportunity for

additional new market entrants when business terms are reopened. The RACs agreed to pay the costs of

operating and maintaining the CONRAC to Authority standards through a third party facility manager.

-Continued-

RESOLUTION 07-18


Staff recommends Board approval of Resolution 07-18 authorizing the President & CEO to execute the

Concession Agreements and related documents between the Authority and rental car operators at John Glenn

International.

RESOLUTION 08-18


RESOLUTION NO. 08-18 ON THE 23rd DAY OF January, 2018.

XBy

Board Chair

XAttest



A RESOLUTION OF THE COLUMBUS REGIONAL AIRPORT AUTHORITY TO AUTHORIZE

AN INCREASE IN THE AMOUNT OF $102,263.20 TO PROFESSIONAL SERVICES MASTER

AGREEMENT # ADMI-2015-PEO-2012-001-001 WITH NESCO RESOURCE COMPANY

FOR TEMPORARY PROJECT MANAGEMENT STAFFING SERVICES AT JOHN GLENN

COLUMBUS INTERNATIONAL AIRPORT.

RESOLVED, To authorize an increase in the amount of $102,263.20 to Professional Services Master Agreement

# ADMI-2015-PEO-2012-001-001 with NESCO Resource Company for temporary Project Management staffing

services at John Glenn Columbus International Airport.

Background: The Consolidated Rental Car project is a key strategic project that is part of Phase I of the Midfield Development Program. It relocates the Rental Car operations from the current garage. This allows for additional public parking and positions the new facility to be connected to the future terminal.

With a project of this magnitude it is critical to have the right team to oversee the design and construction efforts. A Technology Project Manager will ensure that the project is delivered to CRAA standards and will coordinate the design, construction and fit-out of the Technology Rooms and Components of the project. This position will oversee the technology design and construction. The design effort will include coordinating with CRAA’s network architect, facilitating the network service to the Rental Car tenants, coordinating services

with the Utility Corridor project, and performing design reviews. The construction effort will include overseeing the construction to enforce CRAA specifications, procurement of all Owner IT equipment, coordination with the

service providers, management of Owner hired IT contractors as applicable such as Wireless and DAS. This staff augmentation need was solicited to 42 firms, including DBP firms, with onsite interviews conducted with candidates from the following.

Nesco Resources

Vernovis Unicon The Judge Group

A selection committee consisting of representatives from IT and Planning & Engineering interviewed the candidates and selected the most qualified individual for the project. The contract has a set rate for this position of $98.33/hr. The total cost for this increase to Master Agreement is Not to Exceed $102,263.20.

-Continued-

RESOLUTION 08-18


Total cost for this increase to Professional Services Master Agreement # ADMI-2015-PEO-2012-001-001, Task

Order #29, is $102,263.20 to be funded from the Consolidated Rental Car project #9911B. The total approved

Capital Budget is $137,985,051. This resolution will bring the total amount of authorized expenditures pursuant

to the Master Services Agreement to $1,099,455.60.

CRAA Contracts Committee recommends Board approval of Resolution 08-18, authorizing an increase of a not-

to-exceed amount of $102,263.20 for Professional Services Master Agreement # ADMI-2015-PEO-2012-001-

001 with NESCO Resource Company for a Project Manager.

RESOLUTION 09-18



XBy

Board Chair

XAttest



A RESOLUTION OF THE COLUMBUS REGIONAL AIRPORT AUTHORITY DETERMINING THE NECESSITY TO ISSUE CUSTOMER FACILITY CHARGE REVENUE BONDS OF THE AUTHORITY IN AN ESTIMATED MAXIMUM PRINCIPAL AMOUNT OF $110,000,000, FOR THE PURPOSE OF PAYING THE COSTS OF CONSTRUCTING A CONSOLIDATED CAR RENTAL FACILITY; AUTHORIZING THE SELECTION OF RELATED PROFESSIONAL

SERVICE FIRMS; AND AUTHORIZING THE PREPARATION OF ALL DOCUMENTATION RELATED THERETO.

WHEREAS, the Columbus Regional Airport Authority (the “Authority”) is authorized and empowered by the

Constitution of the State of Ohio (the “State”) and the laws of the State including, without limitation, Ohio Revised Code Sections 4582.21 to 4582.71, both inclusive (the “Act”), to (a) issue revenue bonds for the purposes of providing funds to pay the “costs” of “port authority facilities”, each as defined in the Act, in order to enhance, foster, aid, provide, or promote transportation, economic development, housing, recreation,

education, governmental operations, culture or research, or create or preserve jobs and employment opportunities and improve the economic welfare of the people of the State, (b) enter into a trust agreement and supplemental trust agreements to secure such revenue bonds, and to provide for the pledge or assignment of revenues sufficient to pay the principal of and interest and any premium on those revenue bonds, and (c) adopt this Resolution, all upon the terms and conditions provided herein and therein; and

WHEREAS, this Board has heretofore authorized and the Authority is undertaking a midfield development

program at John Glenn Columbus International Airport which, among other projects, includes the construction of a consolidated car rental facility (the “CONRAC”); and

WHEREAS, this Board has, by adoption of Resolution 03-07, as amended by Resolution 51-16, heretofore

authorized the implementation and collection of a customer facility charge (the “CFC”) which CFC has been and will continue to be collected and used to provide funding for Authority authorized rental car-related needs, including financing, planning, design, constructing, operating and maintaining the CONRAC; and

WHEREAS, this Board has been advised that it will be necessary for the Authority to issue special facility

revenue bonds for the purpose of paying the costs of constructing the CONRAC; and

WHEREAS, the financing professionals retained by the Authority in connection with the proposed issuance of those special facility revenue bonds have advised the Authority that proceeding with a judicial validation of those bonds may be advantageous in marketing the CFC Bonds; and

-Continued-

RESOLUTION 09-18


WHEREAS, to authorize the Authority to proceed with the initial steps to negotiate the preliminary terms of those bonds while the judicial validation is proceeding, this Board has determined to adopt this resolution of necessity;

NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Columbus Regional Airport Authority:

Section 1. Preliminary Authorization and Terms of CFC Bonds. This Board finds and determines that it

is in the best interests of the Authority to negotiate and determine the preliminary terms of the special facility

revenue bonds which will be issued by the Authority in the estimated maximum principal amount of $110,000,000 for the purpose of paying the costs of constructing the CONRAC (those bonds being referred to herein as the “CFC Bonds”) and that such issuance is consistent with the purposes of the Authority and the Act. The CFC Bonds are expected to be (a) designated as “Customer Facility Charge Revenue Bonds, Series 2018,” (b) issued and secured under the terms of a trust indenture, (c) awarded and sold to a purchaser and subject to such terms to be hereafter determined, (d) payable as to principal and interest over a period not to exceed

thirty (30) years, (e) issued only in fully registered form, (f) subject to redemption as provided in the trust indenture and (g) subject to such other terms as may be provided in the trust indenture.

Section 2. Security for the CFC Bonds. The payment of principal of and interest on the CFC Bonds is expected to be secured by the CFC receipts and such other sources of monies as may be provided in and permitted by the trust indenture. The CFC Bonds will not constitute a debt, or a pledge of the faith and credit, of the Authority, the State or any other political subdivision of the State, and holders or owners of the CFC

Bonds will have no right to have taxes levied by the General Assembly of Ohio or the taxing authority of any political subdivision of the State to pay principal and interest on the CFC Bonds. The CFC Bonds will be special obligations of the Authority payable solely from the revenues and funds pledged as provided by or permitted in

the trust indenture.

Section 3. Transaction Documents. The Chief Financial Officer is authorized to prepare or cause to be prepared all documentation necessary to consummate the sale of the CFC Bonds, including but not limited to, a final bond resolution to be hereafter presented to this Board for approval, trust indenture, official statement,

bond purchase agreement, continuing disclosure agreement and all related closing certificates.

Section 4. Bond Counsel. The legal services of the law firm of Squire Patton Boggs (US) LLP are hereby retained. Those legal services shall be in the nature of legal advice and recommendations as to the documents and the proceedings in connection with the authorization, sale and issuance of the CFC Bonds and rendering at delivery related legal opinions. In providing those legal services, as an independent contractor and in an attorney-client relationship, that firm shall not exercise any administrative discretion on behalf of this Authority in the formulation of public policy, expenditure of public funds, enforcement of laws, rules and regulations of

the State, the Authority or any other political subdivision, or the execution of public trusts. For those legal services that firm shall be paid just and reasonable compensation and shall be reimbursed for actual out-of-

pocket expenses incurred in providing those legal services. The Chief Financial Officer is authorized and directed to make appropriate certification as to the availability of funds for those fees and any reimbursement and to issue an appropriate order for their timely payment as written statements are submitted by that firm.

Section 5. Municipal Advisor. The services of Public Financial Management, Inc., as municipal advisor,

are hereby retained. The municipal advisory services shall be in the nature of financial advice and recommendations in connection with the issuance and sale of the CFC Bonds. In rendering those municipal advisory services, as an independent contractor, that firm shall not exercise any administrative discretion on behalf of the Authority in the formulation of public policy, expenditure of public funds, enforcement of laws, rules and regulations of the State, the Authority or any other political subdivision, or the execution of public trusts. That firm shall be paid just and reasonable compensation for those municipal advisory services and shall be reimbursed for the actual out-of-pocket expenses it incurs in rendering those municipal advisory services.

The Chief Financial Officer is authorized and directed to make appropriate certification as to the availability of

RESOLUTION 09-18


funds for those fees and any reimbursement and to issue an appropriate order for their timely payment as written statements are submitted by that firm.

Section 6. Compliance with Open Meeting Law. It is found and determined that all formal actions of this Board concerning and relating to the adoption of this resolution were adopted in an open meeting of this Board, and all deliberations of this Board that resulted in such formal action were in meetings open to the public,

in compliance with all legal requirements including Ohio Revised Code Section 121.22, and the rules for notification of meetings to the public and news media set forth in the Authority’s Bylaws.

Section 7. Effective Date. This Resolution shall be in full force and effect upon its adoption.

RESOLUTION 10-18



XBy

Board Chair

XAttest



A RESOLUTION DETERMINING THE NECESSITY OF COMMENCING AN ACTION TO OBTAIN AN ADJUDICATION REGARDING THE AUTHORITY OF THE COLUMBUS REGIONAL AIRPORT AUTHORITY TO ISSUE ITS PROPOSED CUSTOMER FACILITY CHARGE REVENUE BONDS, AND THE VALIDITY AND LEGALITY OF ALL PROCEEDINGS TAKEN AND PROPOSED TO BE TAKEN IN CONNECTION THEREWITH.

WHEREAS, the Columbus Regional Airport Authority (the “Authority”) is authorized and empowered by the Constitution of the State of Ohio (the “State”) and the laws of the State including, without limitation, Ohio Revised Code Sections 4582.21 to 4582.71, both inclusive (the “Act”), to (a) issue revenue bonds for the

purposes of providing funds to pay the “costs” of “port authority facilities”, each as defined in the Act, in order to enhance, foster, aid, provide, or promote transportation, economic development, housing, recreation, education, governmental operations, culture or research, or create or preserve jobs and employment opportunities and improve the economic welfare of the people of the State and (b) adopt this Resolution pursuant

to the Act and Ohio Revised Code Section 133.70; and

WHEREAS, this Board has heretofore authorized and the Authority is undertaking a midfield development program at John Glenn Columbus International Airport which, among other projects, includes the construction of a consolidated car rental facility (the “CONRAC”); and

WHEREAS, this Board has, by adoption of Resolution 03-07, as amended by Resolution 51-16, heretofore authorized the implementation and collection of a customer facility charge (the “CFC”) which CFC has been and

will continue to be collected and used to provide funding for Authority authorized rental car-related needs, including financing, planning, design, constructing, operating and maintaining the CONRAC; and

WHEREAS, this Board has adopted on this date Resolution 09-18 determining the necessity to issue certain Customer Facility Charge Revenue Bonds (the “CFC Bonds”) of the Authority, and determined in that resolution that it would be in the best interest of the Authority to negotiate and determine the preliminary terms of those CFC Bonds and be issued with such final terms as shall be determined by this Board pursuant to and consistent with the Act; and

WHEREAS, the financing professionals retained by the Authority in connection with the proposed issuance of the CFC Bonds have advised the Authority that completing the action authorized by this resolution may be advantageous in marketing the CFC Bonds; and

-Continued-

RESOLUTION 10-18


WHEREAS, this Board has determined that it is necessary to have an adjudication of, without intended limitation, (i) the authority of the Authority to issue the CFC Bonds for the purpose of paying the costs of constructing the CONRAC, (ii) the validity of the proceedings taken and proposed to be taken in connection with the CFC Bonds including but not limited to the implementation, collection and use of the CFC to pay the costs of constructing the CONRAC and as a source of payment of debt charges on those CFC Bonds and (iii) the lien

of that CFC as security for that payment; and

WHEREAS, prior to the commencement of an action to obtain that adjudication this Board, as the authority empowered to adopt the legislation authorizing the issuance of the CFC Bonds, is required by Ohio Revised Code

Section 133.70(B) to determine the necessity of that action and adjudication;

NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Columbus Regional Airport Authority:

Section 1. Bond Validation. This Board determines that it is necessary to obtain an adjudication of the authority of the Authority to issue and the validity of the proceedings taken and proposed to be taken in

connection with the CFC Bonds including but not limited to (i) its authority to issue the CFC Bonds for the purpose of paying the costs of constructing the CONRAC, (ii) the validity of the proceedings taken and proposed to be taken in connection with the CFC Bonds including but not limited to the implementation, collection and use of the CFC to pay the costs of constructing the CONRAC and as a source of payment of debt charges on those CFC Bonds and (iii) the lien of that CFC as security for that payment, all as described in the complaint for validation to be filed pursuant to Section 133.70(C) of the Revised Code.

Section 2. Retention of Legal Counsel. The law firm of Squire Patton Boggs (US) LLP shall be and hereby is authorized to commence forthwith an action in the Court of Common Pleas of Franklin County, Ohio

by the filing of a complaint for the validation of the CFC Bonds, as provided in Ohio Revised Code Section 133.70, and to take all necessary steps to obtain an adjudication of (i) the authority of the Authority to issue the CFC Bonds for the purpose of paying the costs of constructing the CONRAC, (ii) the validity of the proceedings taken and proposed to be taken in connection with the CFC Bonds including but not limited to the implementation, collection and use of the CFC to pay the costs of constructing the CONRAC and as a source of

payment of debt charges on those CFC Bonds and (iii) the lien of that CFC as security for that payment.

Section 3. Compliance with Open Meeting Law. It is found and determined that all formal actions of this Board concerning and relating to the adoption of this resolution were adopted in an open meeting of this Board, and all deliberations of this Board that resulted in such formal action were in meetings open to the public, in compliance with all legal requirements including Ohio Revised Code Section 121.22, and the rules for notification of meetings to the public and news media set forth in the Authority’s Bylaws.

Section 4. Effective Date. This Resolution shall be in full force and effect upon its adoption.