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HomeMy WebLinkAboutR23-003 Adopting a Schedule of Airline Rates for ECRA DocuSign Envelope ID:D54DD82F-8DCA-4B4B-86D7-0F1D16A341F5 Commissioner scherr moved adoption of the following Resolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION No. 2023- 003 RESOLUTION ADOPTING A SCHEDULE OF AIRLINE RATES AND CHARGES FOR THE EAGLE COUNTY REGIONAL AIRPORT WHEREAS, the County of Eagle, Colorado (the "County"), is the owner of the Eagle County Regional Airport(the "Airport"); WHEREAS, the Eagle County Air Terminal Corporation (the "Corporation"), pursuant to that certain ground lease between the Corporation and the County dated December 16, 1996, is the owner and operator of the terminal at the Airport(the"Terminal"); WHEREAS, the Corporation is obligated to enforce applicable local, state, and federal law with respect to its operation of the Terminal, including the resolutions of the County; WHEREAS, the Board of County Commissioners (the "Board") has authority under Colorado Revised Statutes ("C.R.S.") Section 41-4-102 and Section 41-4-106 Section to establish rates, charges, and fees for the use of the Terminal by Airlines and other aircraft operators, and the Corporation is obligated to collect such rates under the aforementioned ground lease; WHEREAS, the County is obligated under the terms of its grant agreements with the United States to maintain an airport fee and rental structure that, under the circumstances of the Airport, makes the Airport as financially self-sustaining as possible; WHEREAS, the County is further obligated under the terms of its grant agreements to ensure that its airport fee and rental structure, with respect to facilities directly and substantially related to providing air transportation, is reasonable and not unjustly discriminatory; and WHEREAS, the County desires to implement, by resolution, a reasonable and not unjustly discriminatory rates and charges structure; NOW, THEREFORE, be it resolved by the Board of County Commissioners of the County of Eagle, State of Colorado: Section 1. Purpose and Scope 1.1. The Board finds and determines that: 1.1.1. In 2019, the Corporation consulted with and made good faith efforts to reach an agreement regarding rates, charges, and fees with the Airlines. 1.1.2. Despite those efforts, the Corporation was not successful in reaching an agreement regarding rates, charges, and fees with the Airlines, and instead DocuSign Envelope ID:D54DD82F-8DCA-4B4B-86D7-0F1D16A341F5 proceeded with consultations with the Airlines regarding establishing rates by resolution. 1.1.3. After those consultations, a final resolution was drafted establishing, among other things, rates and charges to be charged to the Airlines operating at the Airport. Such resolution was approved by the County on March 17, 2020 and is designated Resolution No. 2020-023 (the "2020 Resolution") and took effect on May 1, 2020. 1.1.4. Soon after the 2020 Resolution was approved, the COVID-19 pandemic took hold in the United States and severely impacted commercial air service throughout the country. As an accommodation to the Airlines that serve the Airport, the effective date of the new rates and charges was delayed until August 1, 2020 by Resolution 2020-036. 1.1.5. Thereafter, it was apparent that the pandemic was going to last longer than anticipated and the effective date of the new rates and charges was further delayed until January 1, 2021 by Resolution No. 2020-100. 1.1.6. In July 2022 it was decided that it was prudent to further delay the implementation of the new rates and charges and thus, by Resolution No. 2022- 045 the effective date was further extended to January 1,2023. 1.1.7. During the fourth quarter of 2022, the rates and charges structure that was embodied the 2020 Resolution was reevaluated by the Corporation and it was determined that certain adjustments/modifications to the 2020 Resolution were in the best interests of the Corporation and the County. 1.1.8. Accordingly certain changes were made to the 2020 Resolution and the instant Resolution represents the results of those needed adjustments/modifications. 1.1.9. Absent the approval of this Resolution the rates and charges embodied in the 2020 Resolution will take effect on January 1, 2023. 1.1.10. Prior to submitting this resolution to the County for approval, the Corporation consulted with the Airlines in good faith on a final form of resolution. 1.1.11. It is in the public interest to now establish a schedule of Airline rates, fees, and charges by this Resolution that is reasonable and not unjustly discriminatory. 1.2. This Resolution shall be applicable to all Airlines utilizing the Airport. 1.3. No Airline shall be permitted to make use of the Terminal unless such Airline has been issued a Terminal Use Permit by the Director, in a form prescribed by the Corporation pursuant to the terms of this Resolution. Section 2. Effective Date 2.1. This Resolution shall take effect on January 1, 2023. 2 DocuSign Envelope ID:D54DD82F-8DCA-4B4B-86D7-0F1D16A341F5 Section 3. Definitions 3.1. "Airline" means any air carrier or foreign air carrier, as defined by 49 U.S.C. § 40102, as amended, making use of the Terminal in providing transportation by air to passengers as a common carrier for compensation or hire. 3.2. "Airline Rates and Charges" means all payments due by Airlines under this Resolution, including but not limited to the Jet Bridge Fee, and the prorated portion of the Joint Use Space Requirement and Holdroom Requirements. 3.3. "Board"means the Board of County Commissioners of the County of Eagle, Colorado. 3.4. "Capital Cost Depreciation" means depreciation on Corporation-funded capital improvements directly and substantially related to the air transportation of passengers. 3.5. "Corporation" means the Eagle County Air Terminal Corporation, a "63-20" nonprofit corporation organized and existing under the laws of the State of Colorado. 3.6. "Debt Service" means the principal, interest, premium, if any, and other fees and amounts either paid or accrued for, or required under applicable documents to be paid or accrued under the Indenture and other associated costs due or payable, including debt service coverage requirement payments, if any, and any amounts necessary to maintain the required balance in a debt service reserve fund or similar fund created pursuant to the Indenture, and any required deposits to any rebate or similar fund created pursuant to the Indenture, all fund deposit requirements, as set forth in the Indenture, any letter of credit bank reimbursement obligations or municipal bond insurance obligations, sinking fund payments, call premiums, payments required by forward purchase agreements, remarketing fees, letter of credit fees, trustee fees, paying agent fees, and any other costs and fees payable in connection therewith. 3.7. "Director" means the person appointed by the County from time to time as the Director of Aviation and his or her duly authorized designee(s). 3.8. "Enplaned Passenger" means a passenger boarding an aircraft at the Airport, including any such passenger that previously disembarked from another aircraft of Airline. 3.9. "Fiscal Year" means the Corporation's fiscal year as established by the Corporation from time to time; said fiscal year currently begins on the first day of January of each calendar year and ends on the last day of December. 3.10. "Gate" means that portion of the Terminal consisting of a holdroom and all appurtenant space, plus its associated apron area and jet bridge, if any, used for enplaning or deplaning passengers to or from the Airline's aircraft. 3.11. "Ground-loaded Gate"means a Gate other than a Jet-bridged Gate. 3.12. "Indenture" means the means the Amended and Restated Trust Indenture dated as of September 1, 2017 by and between the Corporation and UMB Bank,National Association, as trustee, as such Indenture may be amended, supplemented or restated. 3 DocuSign Envelope ID:D54DD82F-8DCA-4B4B-86D7-0F1D16A341F5 3.13. "Jet-bridged Gate" means a Gate equipped with a jet bridge through which passengers board onto and deplane from the Airline's aircraft. 3.14. "Minimum Capital Fund Requirement" means an amount equal to $346,000 as required by the Indenture. 3.15. "Non-Signatory Airline" shall mean any Airline that, as of March 31, 2023 (or, if not operating at the Airport prior to March 31, 2023, prior to the commencement of such Airline's operations at the Airport), has not executed a Terminal Use Permit dated on or after January 1, 2023 and delivered such executed Terminal Use Permit to the Director pursuant to this Resolution. 3.16. "O&M Expenses" means all reasonable and necessary expenses of the Corporation paid or accrued for operating, maintaining, and repairing the Airport, and other Corporation expenses reasonably allocated to the Airport, including administrative expenses. 3.17. "O&M Reserve Requirement" means an amount equal to $250,000 as required by the Indenture. 3.18. "Off-Season Discount" means the discount calculated by the Corporation in accordance with Section 6.2 of this Resolution. 3.19. "Resolution" means this Resolution Adopting a Schedule of Airline Rates and Charges for the Eagle County Regional Airport. 3.20. "Revenue Operation" means one take-off or one landing by an aircraft of an Airline containing at least one revenue passenger. 3.21. "Schedule of Rates and Charges" means the Schedule of Rates and Charges prepared for each Fiscal Year in accordance with Sections 4 and 5 of this Resolution. 3.22. "Signatory Airline" shall mean any Airline that has been issued a Terminal Use Permit by the Director dated on or after January 1, 2023, pursuant to this Resolution and that has executed and delivered such executed Terminal Use Permit to the Director prior to March 31, 2023 (or, if not operating at the Airport prior to March 31, 2023, prior to the commencement of such Airline's operations at the Airport). 3.23. "Terminal"means the passenger terminal at the Airport operated by the Corporation. 3.24. "Terminal Use Permit" shall mean a permit issued by the Director, which constitutes a permit by the County and the Corporation authorizing an Airline to conduct business at the Airport and to use and occupy certain premises at the Airport in compliance with the terms of this Resolution. No Airline may operate at the Airport unless and until a Terminal Use Permit is issued to such Airline by the Director. 4 DocuSign Envelope ID:D54DD82F-8DCA-4B4B-86D7-0F1D16A341F5 Section 4. Rate Methodology 4.1. Airline rates and charges shall be established annually based on the methodology described in this Section and as calculated in the Schedule of Rates and Charges (see Section 5). 4.2. Joint Use Space Requirement 4.2.1. "Joint Use Space" consists of the baggage claim, baggage cart unloading, baggage conveyors, and baggage handling and makeup areas of the Terminal. 4.2.2. The "Joint Use Space Requirement" consists of O&M Expenses, the O&M Reserve Requirement, the Minimum Capital Fund Requirement, Capital Cost Depreciation, and Debt Service allocated to the Joint Use Space, together with an allocated portion of the Corporation's administrative expenses. 4.2.3. The Joint Use Space Requirement shall be prorated among each Airline based on such Airline's share of Enplaned Passengers. 4.3. Holdroom Requirement 4.3.1. "Holdroom Space" consists of the vestibule, podium, and seating areas associated with the Jet-bridged Gates and Ground-loaded Gates at the Terminal. 4.3.2. The "Holdroom Requirement" consists of O&M Expenses, the O&M Reserve Requirement, Capital Cost Depreciation, and Debt Service allocated to the Holdroom Space, together with an allocated portion of the Corporation's administrative expenses and security-related expenses. 4.3.3. The Holdroom Requirement shall be prorated among each Airline based on such Airline's share of Enplaned Passengers. 4.4. Jet Bridge Fee 4.4.1. Each Revenue Operation making use of a Jet-bridged Gate shall be subject to an additional Jet Bridge Fee, as set forth in this Section 4.4. 4.4.2. The "Jet Bridge Requirement" shall consist of O&M Expenses and Capital Cost Depreciation allocated to the jet bridges serving Jet-bridged Gates. 4.4.3. The Jet Bridge Fee shall be calculated by dividing the Jet Bridge Requirement by the annual estimated number of Revenue Operations using a Jet-bridged Gate. 4.5. Other Cost Centers. All other cost centers are not included as part of the Airlines' rates, charges and fees. The Corporation may apply revenues from the other cost centers to offset expenses at a time, and in an amount, based on the sole discretion of the Director. 5 DocuSign Envelope ID:D54DD82F-8DCA-4B4B-86D7-0F1D16A341F5 Section 5. Schedule of Rates and Charges 5.1. The FY22 Schedule of Rates and Charges, effective January 1, 2023, is attached hereto and incorporated herein by reference as Exhibit A. 5.2. Not later than forty-five (45) days prior to the beginning of each Fiscal Year, the Corporation shall provide to Airlines for their review and written comment the annual operating and capital budgets for the Terminal ("Budget") and revised Schedule of Rates and Charges for such Fiscal Year. The Corporation shall give due consideration to all comments, suggestions, and requests by Airlines regarding such Budget and Schedule. The revised Schedule of Rates and Charges shall become effective on the first day of the Fiscal Year. 5.3. If at any time during a Fiscal Year the Corporation forecasts that payment of any component of Airline Rates and Charges at the then-existing rates would result in an underpayment or overpayment of five percent (5%) or more of the Joint Use Space Requirement, Holdroom Requirement, or Jet Bridge Requirement, the Corporation may adjust the remaining monthly Airline Rates and Charges for such Fiscal Year to conform to its current projection. The Corporation shall provide the Airlines a minimum of thirty (30) days' notice of any increase in Airline Rates and Charges. 5.4. Nothing in this Resolution is intended to limit the ability of the Corporation, nor shall the Corporation be limited in its ability, to adjust rates, fees and charges from time to time, in order to meet the requirements of the Indenture, including, without limitation, meeting Fund Deposit Requirements, the rate covenant, and other requirements under the Indenture. 5.5. Non-Signatory Airlines are subject to fees that are 115% of the calculated rates reflected in the Schedule of Rates and Charges. Section 6. Reconciliation of Prior Year's Rates and Charges and Off-Season Discount 6.1. The Corporation shall complete an annual audit of the Corporation's financial statements conducted by an independent accountant, and thereafter provide a final accounting of the Airline Rates and Charges paid for the prior Fiscal Year, together with the Airline Rates and Charges that should have been paid by each Airline based on the actual O&M Expenses, Capital Cost Depreciation, and Debt Service accrued during such Fiscal Year. 6.2. The Corporation shall adjust the Airline Rates and Charges that should have been paid by each Airline according to the following Off-Season Discount methodology: 6.2.1. The Corporation shall calculate the average cost per turn by dividing the total Airline Rates and Charges that should have been paid for the prior Fiscal Year by the total number of Revenue Operations conducted during the prior Fiscal Year. 6.2.2. The Corporation shall calculate the Off-Season Discount by multiplying the average cost per turn calculated in Section 6.2.1 by thirty percent(30%). 6.2.3. The Corporation shall credit the Airline Rates and Charges that should have been paid by each Airline for the prior Fiscal Year by an amount equal to the Off- 6 DocuSign Envelope ID:D54DD82F-8DCA-4B4B-86D7-0F1D16A341F5 Season Discount multiplied by the number of Revenue Operations conducted by such Airline between April 1 and October 31 of the prior Fiscal Year. 6.3. Within thirty(30) days of the Corporation's a roval of the completed audit: YPp P in excess of such Airline's actual requirement 6.3.1. Amounts paid by an Airline q (surplus) shall be refunded to the Airline by the Corporation, subject to any offset by the Corporation of any other amounts owed to the Corporation by the Airline; and 6.3.2. The Corporation shall prepare and transmit an invoice to any Airline that's actual requirement is greater than the amounts paid by such Airline for the prior Fiscal Year(deficit) for such deficit, payable in accordance with Section 7.4. 6.4. Unless otherwise requested by an Airline, the Corporation may, in its discretion, credit or debit any amount calculated under this Section 6. against the following Fiscal Year's Schedule of Rates and Charges, in lieu of refunding or invoicing such amount. Section 7. Reporting and Payment of Rates and Charges 7.1. Not later than the tenth (10th) day of each month of each Fiscal Year, Airlines shall complete and file with the Corporation, on forms prescribed by the Director, information and data for the previous month detailing the number of(a) Revenue Operations using (i) Jet-bridged Gates and(ii) Ground-loaded Gates; and(b) Enplaned Passengers. 7.2. Payments of one-twelfth (1/12) of an Airline's prorated portion of the Joint Use Space Requirement and Holdroom Requirement shall be due in advance, without demand or invoice, on the first day of each month. Such payment shall be deemed delinquent if payment is not received by the tenth (10th) day of the month. 7.3. Payments of the Jet Bridge Fee shall be due ten(10) days from the Corporation's delivery of an invoice to an Airline and shall be delinquent if not received within ten (10) days after the due date. 7.4. Payment for all other fees and charges shall be invoiced by the Corporation and be due ten (10) days from the Corporation's delivery thereof to an Airline. Such payments shall be deemed delinquent if not received within ten(10) days after the due date. 7.5. Security Deposit. 7.5.1. If an Airline is a new entrant at the Airport, has displayed an irregular payment history, or if otherwise deemed appropriate by the Director, the Corporation, in its discretion, may require the Airline to submit a cash security deposit in an amount not to exceed the equivalent of six (6) months estimated fees and charges. 7.5.2. In the event that the Corporation determines a security deposit is required, the Airline shall deposit such sum with the Corporation within thirty (30) days of being so notified by the Corporation, and such sum shall be retained by Corporation as security for the faithful performance of Corporation's obligation hereunder. 7 DocuSign Envelope ID:D54DD82F-8DCA-4B4B-86D7-0F1 D16A341 F5 7.5.3. The Corporation shall have the right, but not the obligation, to apply said security deposit to the payment of any sum due to Corporation which has not been paid in accordance with this Resolution, including, but not limited to, reimbursement of any expenses incurred by Corporation in curing any default of Airline. In the event that all or any portion of the security deposit is so applied, the Airline shall promptly, upon demand by Corporation, remit to Corporation the amount of cash required to restore the security deposit to its original sum. An Airline's failure to remit the amount of cash required to restore the security deposit within ten (10) calendar days after its receipt of such demand shall be a violation of this Resolution. 7.5.4. If said deposit has not been applied for any of the foregoing purposes, it shall be returned to Airline, without interest, within sixty (60) days of the Airline's permanent cessation of operations at the Airport. 7.6. Airlines shall pay all rates, fees and charges established herein to the Corporation monthly, without set-off, and except as specifically provided above, without invoice or demand therefore, in lawful money of the United States of America, by check payable to Corporation delivered or mailed to the Corporation or by wire transfer to the Corporation. Section 8. Penalties and Enforcement 8.1. Unless otherwise specified herein, violation of any provision of this Resolution shall be enforced in accordance with, and subject to the penalties specified in, this Section 8. 8.2. All unpaid rates, fees and charges due to the Corporation under this Resolution shall bear interest from the date such payment was due at a rate equal to the lesser of the maximum rate allowed by applicable law or one and one-half percent (1.5%) per month. In addition, Airline shall pay and discharge all costs and expenses incurred or expended by the Corporation in collection of said delinquent amounts due, including without limitation reasonable administrative and/or attorney's fees. 8.3. In addition to any penalties set out in this Section or in any other Section, this Resolution may be enforced by an injunction, order of abatement, or other appropriate equitable remedy issuing from a court of competent jurisdiction. 8.4. This Resolution may be enforced by one, all, or a combination of the penalties and remedies authorized and prescribed in this Section, or elsewhere herein. Section 9. Severability 9.1. If any provision, clause, or section of this Resolution shall be held by a court or agency of competent jurisdiction to be invalid, illegal, or unenforceable, such invalid, illegal, or unenforceable provision shall be severed from the remainder of this Resolution, and the remainder shall be enforced and not affected thereby. 8 DocuSign Envelope ID:D54DD82F-8DCA-4B4B-86D7-0F1D16A341F5 Section 10. Amendment 10.1. Other than amendments to the Schedule of Rates and Charges, which amendments shall be governed by Section 5 hereof, the Board reserves the right to amend any other provision of this Resolution,by resolution, after due notice and public hearing. MOVED, READ, AND ADOPTED by the Board of County Commissioners of the County of Eagle, State of Colorado, at its regular meeting held the 3rd day of January, 2023. DocuSigned by: d,`Ac"`OG COUNTY OF EAGLE, STATE OF ` oR^� COLORADO, By and Through Its BOARD OF COUNTY COMMISSIONERS ATTEST: DocuSigned by:,¢.,,,,uA -DocuuSiignneed by: By: raoszrzacaocltio.. cn4nc12818o,Aa7n Clerk to the Board of Jeanne McQueeney County Commissioners County Commissioners Chair L4uiDocuSigned by:1 LAJ v7/� - — 1 o6AEEI oa403... Kathy Chandler-Henry Commissioner , —DocuSigned by: itAft J auxr *r,$s7Ep_D7 g.73... Commissioner Commissioner chandler-Henry seconded adoption of the foregoing resolution. The roll having been called, the vote was as follows: Commissioner McQueeney Aye Commissioner Chandler-Henry Aye Commissioner Scherr Ave This resolution passed by 3/0 vote of the Board of County Commissioners of the County of Eagle, State of Colorado 9 1 N N 6, N it, r m N > ` — N ▪ H W O l6 Q o N V co N 0) Q c N N a- ' VI M LU CO O a) N G d 0 r N o 0 0 0 O I� V 0 •� d •a N: O) C) O a. N ` L - V 0 d .c E - rn a) c R o co c a. d co M ,- rn W £ ao N O O = 0 N 0 VI Z N 6) I,- M 0) q)▪ N O O O 0 7. C') ` .- a- N > i. i. ` ao v v) CO Q Q Q c CO %- ro) CO ✓ N N V W C "' 0 I. R Z N a N a OC To N ' V Q a o 0 0 0 O 0 a ) Y d 1)) co cNi C.) 0 d y V c R i`a COet L. 0 E - co O V 0 t O. J▪ U .O 172. I" 6) LC) v 0 Z al us E ' O O d 0 .a o I- o) W V r .gs Z �o d E OC O CA y oiii c) 0 0 0 <• W +. W > c ow— N N !6 Z 3 +3+ • ~ V Q A Q O CO ` N 0 0 0 O V V , . c OO N V c0 W a) c. N N -o —I 3 Co a- 6) a W t N O ✓ A to LL N 0 0 0 0 0) a— 0 `ctQ y Y d Cr)ul M ci 0 CO �.. . Im 0 day LL as rn o o) CD 0 M. y N_ n ,— c 0 W E v m t; °r . CD 3 O O Z CO st CO I. Q 0 0 0 L N 00 0 0 in a K N R N W c_ c N a) co ), ,,Io d J c = ~ > cv .EN I- I- C A U Q -0 c a .- E a) 'c in w Q < 0 D 7 U 0 0 DocuSign Envelope ID:D54DD82F-8DCA-4B4B-86D7-0F1D16A341F5 EAGLE COUNTY AIR TERMINAL CORPORATION (ECAT) Eagle County, Colorado ECAT_2023_RTS.xlsx EXHIBIT A 01-Jan-23 Calculation of Rates & Charges for 2023 Schedule 2 -Airline Terminal Building Leased Space AIRLINE LEASED SPACE Exclusive Use Leased Space American Airlines: Ticket Counters &Queuing Room #s Sq Ft Counters (10 ft depth x 48.75 ft length) EX 488 Queuing (15 ft depth x 48.75 ft length) EX 731 Total Ticket Counters &Queuing Space 1,219 ATO/Operations Offices Room #s Sq Ft 001 600 002 80 004 138 005 161 006 151 Total ATOs&Operations Office Space 1,130 Allocated ATO Corridors/Restrooms Room #s Sq Ft Corridor(AA 059.0%) 031 414 Corridor(AA 059.0%) 032 195 Restroom (AA 059.0%) 016 24 Restroom (AA 059.0%) 017 32 Total Allocated ATO Corridors/Restrooms Space 666 Storage Room #s Sq Ft ATO/Operations Storage 003 27 ATO/Operations Storage 021 223 Baggage Make-Up Storage EX 135 Total Storage Space 385 Baggage Service Office Room#s Sq Ft EX 176 0 Total Baggage Service Office Space 176 Curbside Check-In Room #s Sq Ft EX 215 - 0 Total Curbside Check-In Space 215 Total American Airlines Exclusive Use Leased Space 3,790 DocuSign Envelope ID:D54DD82F-8DCA-4B4B-86D7-0F1D16A34IF5 EAGLE COUNTY AIR TERMINAL CORPORATION (ECAT) Eagle County, Colorado ECAT_2023_RTS.xlsx EXHIBIT A 01-Jan-23 Calculation of Rates & Charges for 2023 Schedule 2 -Airline Terminal Building Leased Space Delta Air Lines: Ticket Counters &Queuing Room #s Sq Ft Counters (10 ft depth x 20 ft length) EX 200 Queuing (15 ft depth x 20 ft length) EX 300 Total Ticket Counters &Queuing Space 500 ATOs&Operations Offices Room#s Sq Ft 028+Hallway 633 024 172 025 40 026 48 Total ATOs &Operations Office Space 893 Allocated ATO Corridors/Restrooms Room #s Sq Ft Corridor(DL 010.0%) 031 70 Corridor(DL 010.0%) 032 33 Restroom (DL 010.0%) 016 4 Restroom (DL 010.0%) 017 5 Corridor(DL 100.0%) EX 137 Total Allocated ATO Corridors/Restrooms Space 250 Storage Room #s Sq Ft ATO/Operations Storage 022 50 0 Total Storage Space 50 Baggage Service Office Room#s Sq Ft EX 115 0 Total Baggage Service Office Space 115 Curbside Check-In Room #s Sq Ft EX 208 - 0 Total Curbside Check-In Space 208 Total Delta Air Lines Exclusive Use Leased Space 2,016 DocuSign Envelope ID:D54DD82F-8DCA-4B4B-86D7-0F1D16A341F5 EAGLE COUNTY AIR TERMINAL CORPORATION (ECAT) Eagle County, Colorado ECAT_2023_RTS.xlsx EXHIBIT A 01-Jan-23 Calculation of Rates & Charges for 2023 Schedule 2 -Airline Terminal Building Leased Space United Airlines: Ticket Counters &Queuing Room#s Sq Ft Counters (10 ft depth x 40 ft length) EX 400 Queuing (15 ft depth x 40 ft length) EX 600 Total Ticket Counters &Queuing Space 1,000 ATOs&Operations Offices Room #s Sq Ft 112, 020 601 013 198 014 164 Total ATOs& Operations Offices Space 963 Allocated ATO Corridors/Restrooms Room #s Sq Ft Corridor(UA 031.0%) 031 218 Corridor(UA 031.0%) 032 103 Restroom (UA 031.0%) 016 13 Restroom (UA 031.0%) 017 17 Corridor EX 129 Total Allocated ATO Corridors/Restrooms Space 479 Storage Room #s Sq Ft ATO/Operations Storage 019 170 ATO/Operations Storage 009 124 Total Storage Space 294 Baggage Service Office Room#s Sq Ft EX 171 _ 0 Total Baggage Service Office Space 171 Curbside Check-In Room #s Sq Ft EX 105 - 0 Total Curbside Check-In Space 105 Total United Airlines Exclusive Use Leased Space 3,012 Total Exclusive Use Leased Space 8,818 DocuSign Envelope ID:D54DD82F-8DCA-4B4B-86D7-0F1D16A341F5 EAGLE COUNTY AIR TERMINAL CORPORATION (ECAT) Eagle County, Colorado ECAT_2023_RTS.xlsx EXHIBIT A 01-Jan-23 Calculation of Rates & Charges for 2023 Schedule 2 -Airline Terminal Building Leased Space Joint Use Leased Space Room #s Sq Ft Baggage Claim EX 8,740 Baggage Cart Unloading EX 3,080 Baggage Conveyors (ATO) 007,027 296 Baggage Handling & Makeup EX 6,797 Total Joint Use Leased Space 18,913 Shared Use Holdroom Space Level 02 Holdroom (Bridged Pax Loading): Room #s Sq Ft Gate 1 -Podium &Seating 201 3,031 Gate 2 -Podium &Seating 202 2,889 Gate 3-Podium &Seating 203 2,869 Gate 4-Podium &Seating 204 2,476 Total Level 02 Holdroom (Bridged Pax Loading) Space 11,265 Level 01 Holdroom (Ground Pax Loading): Room #s Sq Ft Gate 5 - Podium &Seating 101A 2,650 Gate 5 -Vestibule 102A 87 Gate 6 -Podium &Seating 101 B 2,650 Gate 6 -Vestibule 102B 87 Total Level 01 Holdroom (Ground Pax Loading)Space 5,474 Total Shared Use Holdroom Space 16,739 TOTAL AIRLINE LEASED SPACE 44,470 DocuSign Envelope ID:D54DD82F-8DCA-4B4B-86D7-0F1D16A341F5 EAGLE COUNTY AIR TERMINAL CORPORATION (ECAT) Eagle County, Colorado ECAT_2023_RTS.xlsx EXHIBIT A 01-Jan-23 Calculation of Rates & Charges for 2023 Schedule 2 -Airline Terminal Building Leased Space RENTABLE SPACE Room #s Sq Ft Airline Leased Space - 44,470 Unrented Airline Space: ATOs&Operations Offices 004 145 008 93 009 138 010 105 014 151 023 140 024 155 013 151 Ticket Counter&Queuing EX 100 Ticket Counter&Queuing EX 500 Total Unrented Airline Space 1,678 Other Rentable Space: F&B Concessions 107,209,216,217,218,219 4,649 N&G Concessions EX,218 1,136 Rental Car Counters&Offices EX 1,591 Ground Transportation Counters& Offices EX 292 TSA Office, Storage &Breakroom Space 110,111,112,113,119 1,143 TSA Access Corridors 115,120 683 Other Rented Space 0 Other Unrented Rentable Space 0 Total Other Rentable Space 9,494 TOTAL RENTABLE SPACE 55,642 AIRLINE USE SPACE AS A PERCENT OF TOTAL RENTABLE SPACE 79.92% < M 000000000 ,000 O cO N a0 V O O cD 0 cO M O O c0 0 CD 7 V O O O 0 N O l0 O O O O N O N O O) CO CD O O r O (D O O cD O CO 0 m N N • C N N O O c0 O CO O V M CO CO aD �_ lD O M N C) CO O �- O r CO co Cf 0 m W -0 n 0 O O a 0 0 aC N c0 co N r O) N c0 M 6 V U) Uf) V V 7 [F N N 4- V 0 N a c0 61. 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° d ° S ,6 OO EOn � 1- O FI oo 1- z — 8O 2 m a a o0 0 0❑ 0 a E m = ° ' £ 2oso c co w Oma_ MoD9OU90 = o o a s Li_ CO a a LO a u) CL 0 N c W c LA c 0 DocuSign Envelope ID:D54DD82F-8DCA-4B4B-86D7-0F1 D16A341 F5 EAGLE COUNTY AIR TERMINAL CORPORATION(ECAT) Eagle County,Colorado ECAT_2023_RTS.xlsx EXHIBIT A 01-Jan-23 Calculation of Rates &Charges for 2023 Schedule 4-Calculation of Terminal Building Rent Airline Terminal Building Leased Space Airline Exclusive Use Leased Space(Sq Ft) American Airlines 3,790 Delta Air Lines 2,016 United Airlines 3,012 Total Exclusive Use Leased Space 8,818 Airline Joint Use Leased Space(Sq Ft) Baggage Claim 8,740 Baggage Cart Unloading 3,080 Baggage Conveyors(ATO) 296 Baggage Handling&Makeup 6,797 Total Joint Use Leased Space 18,913 Total Airline Exclusive and Joint Use Leased Space(Sq Ft) 27,731 Airline Terminal BuHdina Exclusive Use Rent • Exclusive Space Budgeted Operations& Maintenance Expenses and Other Allocated Costs(Reference Schedule 3) $557,128 Airline Rented Exclusive Space 8,818 Airline Rented Joint Space 18,913 Airline Rented Holdroom Space 16,739 Total Airline Space 44,470 79.92% x Non-Airline Rented Space 11,172 20.08% Total Rentable Space 55,642 100.00% Percent of Airline Rentable Space(Ref Schedule 2) 79.92% Total Exclusive Use Rental Requirement $445,265 Airline Exclusive Use Rented Space(Sq Ft) 8,818 Airline Exclusive Use Rental Rate(psfpy) $50.50 Monthly Airline Exclusive Use Space Rent Annual Payments American Airlines $191,395 $15,950 Delta Air Lines 101,791 8,483 United Airlines 152,079 12,673 Total Airline Exclusive Use Space Rent $445,265 $37,105 Airline Terminal Building Joint Use Space Requirement Joint Space Budgeted Operations& Maintenance Expenses and Other Allocated Costs(Reference Schedule 3) $1,007,625 x Percent of Airline Rentable Space 79.92% Total Joint Use Space Requirement $805,309 Airline Joint Use Space Requirement Market Monthly 100.0%Prorated to Airlines Based on Pax Enplanements Enp Pax Share Annual Payments American Airlines 108,531 47.0% $378,400 $31,533 Delta Air Lines 22,300 9.7% 77,750 6,479 United Airlines 100,144 43.4% 349,159 29,097 Total Airline Joint Use Space Requirement 230,975 100.0% $805,309 $87,109 DocuSign Envelope ID:D54DD82F-8DCA-4B4B-86D7-0F1D16A341F5 EAGLE COUNTY AIR TERMINAL CORPORATION (ECAT) Eagle County,Colorado ECAT_2023_RTS.xlsx EXHIBIT A 01-Jan-23 Calculation of Rates & Charges for 2023 Schedule 5 -Calculation of Holdroom Requirement and Jet Bridge Use Fees Airline Holdroom Requirement Holdroom Budgeted Operations&Maintenance Expenses and Other Allocated Costs(Reference Schedule 3): $2,961,283 Less: Jet Bridge Maintenance Cost(4 Bridges) (170,000) Less: Jet Bridge Capital Cost Depreciation (4 Bridges) (153,876) Total Holdroom Costs $2,637,408 x Percent of Rentable Space Leased by Airlines(Reference Schedule 2) 79.92% Total Holdroom Requirement $2,107,856 Airline Holdroom Requirement Aircraft Market Pax Market 100.0% Proration to Airlines Based on Enplanements Enplaned Share Proration American Airlines 108,531 47.0% $990,444 Delta Air Lines 22,300 9.7% 203,508 United Airlines 100,144 43.4% 913,905 Total Holdroom Requirement Proration Based on Enplanements 230,975 100.0% $2,107,856 Monthly Total Airline Holdroom Requirement Annual Payments American Airlines $990,444 $82,537 Delta Air Lines 203,508 16,959 United Airlines 913,905 76,159 Total Airline Holdroom Requirement $2,107,856_ $175,655 DocuSign Envelope ID:D54DD82F-8DCA-4B4B-86D7-0F1D16A341F5 EAGLE COUNTY AIR TERMINAL CORPORATION (ECAT) Eagle County, Colorado ECAT_2023_RTS.xlsx EXHIBIT A 01-Jan-23 Calculation of Rates & Charges for 2023 Schedule 5 -Calculation of Holdroom Requirement and Jet Bridge Use Fees Jet Bridge Use Fees Airline Aircraft Arrivals/Turns Level 2 Holdroom (Bridged Gates 1-4)Arrivals(85%): Projected American Airlines 954 Delta Air Lines 96 United Airlines 1,327 Total Level 2 Airline Arrivals/Turns 2,376 Level 1 Holdroom (Ground Gates 5-6)Arrivals(15%): Projected American Airlines 168 Delta Air Lines 17 United Airlines 234 Total Level 1 Airline Arrivals/Turns 419 Total Airline Aircraft Arrivals/Turns 2,796 Jet Bridge Maintenance Cost(4 Bridges) $170,000 Note: -Estimated bridge maintenance services+electricity per bridge=$42.5K/year Jet Bridge Capital Cost Depreciation (4 Bridges) 153,876 Note: -Capital cost 4 bridges cash funded $3,077,510/20 years = $153,876 Total Jet Bridge Costs $323,876 / Total Level 2 Airline Arrivals/Turns 2,376 Jet Bridge Use Fee per Arrival/Turn $136.29 Projected Annual Jet Bridge Jet Bridge Monthly Airline Jet Bridge Use Fees Uses Use Fees Payments American Airlines 954 $129,980 $10,832 Delta Air Lines 96 13,091 1,091 United Airlines 1,327 180,804 15,067 Total Jet Bridge Use Fees 2,376 $323,876 $26,990