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<br />AIRPORT COMMISSION <br />JANUMY ~3, ~988 <br />ATTACHMENT III <br /> <br />/"") <br /> <br />BENEFITS TO COMMUNITY <br /> <br />ANNUAL <br /> <br />20 YEAR <br /> <br />Operations and Maintenance <br />Cost Sharing <br /> <br />Transient Passengers <br /> <br />$5,000 <br /> <br />$100,000 <br /> <br />Taxes on Personal Property <br /> <br />217,000* <br />(varies) <br />NA <br /> <br />4,030,000 <br /> <br />NA <br /> <br />Retain Airport Businesses, Jobs <br /> <br />60,000 <br /> <br />1,200,000 <br /> <br />Attract Business <br /> <br />NA <br /> <br />NA <br /> <br />Retain AVTI in Community; Jobs <br /> <br />80,000 <br /> <br />1,600,000 <br /> <br />Salvage Value of Land <br /> <br />NA <br /> <br />920,000 <br /> <br />Salvage Value of Improvements <br /> <br />NA <br /> <br />NA <br /> <br />$362,000 <br /> <br />$5,050,000 <br /> <br />J <br /> <br />NOTES: 1. Direst economic 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,OOO/Acre <br /> <br />6. Benefits from jobs not included in 20 year total <br /> <br />BENEFIT TO COST RATIO <br /> <br />without Hangars <br /> <br />3.18:1 <br /> <br />with Hangars <br /> <br />2.78:1 <br /> <br />'.1 <br /> <br />P "R[I.I~m~,~,.;,.~ ~~ p\f <br />'\' ~ f \,).. ::)..: ' '~G. <br />:1 ,; ~:~ 'fji ~ i.. ti: \~ I:>! ~ ~ ;'.. ~ <br />. ~1J~~.'itt.~ <br /> <br />~r~>' -, ,~. rt '-y~ <br />~ ~ . :.vj;)' <br />" I" <br />.r._ ..~ <br />~. ~ .' <br />U-,-, ' <br />