Explanation
BACKGROUND: This ordinance authorizes the Director of the Department of Development to enter into contract with the Columbus Regional Airport Authority (CRAA) for the purpose of making capital improvements at Rickenbacker International Airport. These improvements will position Rickenbacker to increase the number of regularly scheduled international air cargo flights, allowing our region to benefit from both the direct import of goods from around the world and the direct export of products from Ohio to markets throughout the world.
CRAA has identified $14.5 million in capital projects for which it is seeking public and private funding partners. The CRAA has secured approximately $7.8 million from the private sector and is seeking $6.7 million in public sector support, including funding from the City of Columbus, Franklin County, and the State of Ohio.
The City’s contribution will total $750,000.00 and will be leveraged by private and public funds to make the following capital improvements at Rickenbacker:
· Design and construct a cargo facility for the domestic and international shipment of materials to/from the region;
· Design and construct aircraft parking and servicing areas.
· Install area lighting;
· Design and construct roadway and storm water improvements; and
· Relocate and extend utilities.
FISCAL IMPACT: A total of $750,000.00 will be expended from the Special Income Tax Fund.
Title
To authorize the Director of the Department of Development to enter into contract with the Columbus Regional Airport Authority (CRAA) for the purpose of making capital improvements at Rickenbacker International Airport; and to authorize the appropriation and expenditure of $750,000.00 from the Special Income Tax fund. ($750,000.00)
Body
WHEREAS, various capital improvements are needed at Rickenbacker International Airport; and
WHEREAS, these capital improvements will allow Rickenbacker Airport to increase the number of regularly scheduled int...
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