Explanation
In 2002, the City and Franklin County were parties to the "Port Authority Consolidation and Joinder Agreement" ("Agreement") which resulted in the dissolution of the Rickenbacker Port Authority and the creation of the Columbus Regional Airport Authority ("CRAA"). Pursuant to the Agreement, the CRAA assumed responsibility for the management and operations of Port Columbus Airport, Rickenbacker Airport and Bolton Field Airport. Also as part of the Agreement, the County agreed to contribute $4.34 million per year for 10 years to facilitate the Rickenbacker Airport operations. The City has no financial obligations under the Agreement.
The County has made its subsidy payments for 2003 through 2011 inclusive but has requested that the CRAA accept the final subsidy payment to the CRAA of $4,338,300 in two equal payments of $2,169,150 paid in years 2012 and 2013. This necessitates an amendment to the 2002 Agreement. While the proposed amendment would have no fiscal impact on the City, our consent is necessary because the City is a party to the Agreement being amended. This ordinance authorizes the Mayor to execute the amendment on behalf of the City.
FISCAL IMPACT: The proposed amendment will have no fiscal impact on the City.
Title
To authorize the Mayor to execute Amendment Number One to the Port Authority Consolidation and Joinder Agreement; and to declare an emergency.
Body
WHEREAS, in 2002, the City of Columbus ("City") and Franklin County ("County") were parties to a Port Authority Consolidation and Joinder Agreement ("Agreement") which resulted in the dissolution of the Rickenbacker Port Authority and the creation of the Columbus Regional Airport Authority ("CRAA"); and
WHEREAS, pursuant to the Agreement the CRAA assumed responsibility for the management and operations of Port Columbus Airport, Rickenbacker Airport and Bolton Field Airport, and the County agreed to contribute $4.34 million per year for 10 years to facilita...
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