HomeMy WebLinkAbout20294 - RESOLUTIONS - 3/20/2002 RESOLUTION NO. 20294
OF THE CITY COUNCIL OF THE CITY OF '
PALM SPRINGS, CALIFORNIA,APPROVING
2001/02 FINANCIAL RECOVERY PROGRAM
FOR THE PALM SPRINGS INTERNATIONAL
AIRPORT.
WHEREAS with the events of September 11, 2001, the country and aviation industry have
changed forever; and
WHEREAS at Palm Springs International Airport flight schedules have been reduced by as
much as 25% during some months which has resulted in monthly passenger reductions
averaging 18%; and
WHEREAS the dramatic drop in flights and passengers has resulted in an estimated budget
shortfall of $2.2 million for fiscal year 2001/02; and
WHEREAS after careful consideration, the Airport Commission has developed a recovery
program which will solve the Airport's shortfall without adversely affecting the air carriers and
has recommended that plan to the City Council,
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Palm Springs as
follows: '
Section 1. That the Executive Director-Airports is hereby authorized to forgo collection
from the airlines to fund the Special Capital Project Reserve($300,000) and
the Landside Reserve ($200,000) for fiscal 2001/02; and
Section 2. That the Director of Finance and Treasurer is hereby authorized to complete
the necessary accounting entries to advance the Airport $318,485 to cover
this fiscal year's Pblice and Fire overhead charges with advance to be repaid
without interest once the Airport post "9/11" situation normalizes; and
Section 3. That the Director of Finance and Treasurer is authorized to utilize $1,186,418
of existing Airport Reserves to cover budget shortfalls in 2001/02 at the
Airport.
ADOPTED this 20th day of March , 2002.
AYES: Members Mills, Oden, Reller-Spurgin and Mayor Kleindienst
NOES: None
ABSENT: None
ATTEST: CITY OF PALM SPRINGS, CALIFORNIA
By;
City Clerk City Manager
REVIEWED&APPROVED AS TO FORM