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BENEFITS TO COMMUNITY <br /> <br />AIRPORT COMMISSION <br />JANUARY 13~ ~988 <br />ATTACHMENT III <br /> <br />ANNUAL 20 YEAR <br /> <br />Operations and Maintenance <br /> Cost Sharing <br /> <br />Transient Passengers <br /> <br />Taxes on Personal Property <br />Retain Airport BusineSses, Jobs <br />Attract Business <br /> <br />Retain AVTI in Community; Jobs <br />Salvage Value of Land <br /> <br />Salvage Value of Improvements <br /> <br />NOTES: 1. <br /> <br /> $5,000 $100,000 <br /> <br />217,000, 4,030,000 <br />(varies) <br />NA NA <br /> <br /> 60,000 1,200,000 <br /> NA NA <br /> 80,000 1,600,000 <br /> NA 920,000 <br /> NA NA <br /> <br />$362,000 <br /> <br />$5,050,000 <br /> <br /> Direst eaonomic impact only, cyclic impact <br /> of tansients would be $16,000,000 + over 20 <br /> years, (Annual Benefits is for 1995) <br /> <br />2. Personal property taxes dependent on <br /> based aircraft and improvements <br /> <br />3. Current AVTI program has 65 students enrolled <br /> <br />4. Current employees at airport is 8 <br /> <br />5. Salvage value of land only estimated at <br /> 230 acres at $4,000/Acre <br /> <br />6. Benefits from jobs not included in 20 year total <br /> <br />BENEFIT TO COST RATIO <br /> <br />Without Hangars <br />With Hangars <br /> <br />3.18:1 <br />2.78:1 <br /> <br /> <br />