HomeMy WebLinkAbout17337 - RESOLUTIONS - 11/21/1990 RESOLUTION NO. 17337
OF THE CITY COUNCIL OF THE CITY OF PALM
SPRINGS, CAL.IFOHNIA, DIRECTING STAFF TO PREPARE
NECESSARY DOCUNEATATION TO RECEIVE FEDERAL
APPROVAL FOR A PASSENGER FACILITY CHARGE (PFC)
OF $3.00 PER ENPLANED PASSENGER TO FUND THE
SECOND PHASE OF T19E TERMINAL DEVELOPMENT PLAN.
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WHEREAS the Airport. Commission and City Council have approved a Terminal
Expansion Development Program to meet passenger demands; and
WHEREAS a downturn in the economy has resulted in splitting the program into
two phauos; and
i
WHEREAS the incumbent air carriers at the Palm Springs Regional Airport have
consented to increased rates and charges to pay for a bond issue of
approximately :11.5 million for the first phase; and
WHEREAS the City Council finds that: the debt-service requirements necessary
to complete the second phase of the program closely approximates the funds
that could be raised by a Passenger Facility Charge (PFC) of S3.00 per
enplaned passenger; and
WHEREAS the Federal Department of Transportation is in the process of
formulating procedures for federal approval of locally imposed PFC's expected
Is hP complOted by JUty 1,
HOW 'THEREFORE HE LT' RE.SULVED by the City Council of the City of Palm Springs
that City Council that:
Section I. The source of the second-phase funding of the Terminal
Development Program should be a PFC.
Si,(;1.ion 2. St.afl is hereby ddrected to place a hryh pi iorrt.y on
developing the necessary documentation for a PFC Proposal
Application Lo be submitted to the Department of
Transportation once official approval procedures are defined.
Section 3. Based on early estimates of passenger activity, a PFC of $3.00
per enplaned passenger is required to pay debt service for Jo �
years on the second phase of the T•ex'minal (Development, Program.
ADOPTED this _ 21E•t ___ clay of -November _, 1990
AYE!;: Councilmembers Hodges, Murawski , Neel and Mayor pro tem Broich
NOES: None
ABSENT: Mayor Bono
y Ayi'F..]P ___ CITY OF PALYJ �PItIG.;, CALIFORNIA
i t. ('lerk 4 AcLircy City Manager
REVIEWED & APPROVED 9 _ - ----------
119.RES