Airport Improvement Program March 11, 1988

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Acquisition and Development Costs Preliminary development costs for the acquisition and improve- ment project were developed in the Master Plan Study. The development staging is planned in three phases with Stage I consisting of predominantly land acquisition, grading, runway paving, and lighting and approach aids. Stage II consists of primarily building area improvements and security. Stage III consists predominantly of taxiway and building area improvements to meet increased facility needs. As part of this study, these costs were reviewed since both runway and taxiway widths were increased and several homes were constructed on previously undeveloped lots. The most recent cost estimates are approximately two million dollars higher than the preliminary cost estimates largely reflecting increased value of lands, the acquisition of five additional homes, and relocation cost estimates. Table 2-8 summarizes the development costs for each stage and for the 20 year planning period. These costs are further de- tailed in Appendix D. Stage I Stage II Stage III TABLE 2-8 SUMMARY OF DEVELOPMENT COSTS Development Costs Without Hangars (Rounded to nearest $1000's) Total Project Costs AIP $6,717,000 $6,045,000 697,000 501,000 329.000 268.000 State 93,000 21.000 TOTALS $7,743,000 $6,814,000 $114,000 Development Costs with Hangars (Rounded to nearest $1000's) Total Project Costs AIP State Local Stage I $6,717,000 $6,045,000 - 672,000 Stage II 1,248,000 501,000 200,000 546,000 Stage III 742,000 268,000 101,000 373,000 TOTALS $8,707,000 $6,814,000 $301,000 $1,591,000 2-41 Local 672,000 102,000 40,000 $814,000