Airport Committee

MINUTES CITY OF LINCOLN AIRPORT COMMITTEE May 21, 2025 The meeting was conducted in person at City Hall, 600 6th Street, Lincoln, CA, and virtually on Zoom. 1. CALL TO ORDER by Councilmember Pearl at 10:02am. 2. ROLL CALL: Committee members present: Whitney Eklund, Councilmember Richard Pearl, Councilmember Bob Cooperrider Lesa McArdle Byron Maynard Committee members absent: Dan Clarke Clara Ellis Staff Liaisons present: Sean Scully, City Manager Matt Medill, Public Works Director 3. PLEDGE OF ALLEGIANCE – led by City Treasurer, Greg Kevin 4. CITIZENS ADDRESSING THE COMMITTEE (Within the subject matter jurisdiction of the Board / Commission / Committee) The following made public comment: Ed Soo Discussion followed between public commenter Ed Soo and the committee members. 5. APPROVAL OF MEETING MINUTES 5.A Approval of the 2/19/2025 Meeting Minutes Councilmember Pearl called for a motion of approval for the items. Committee Member Lesa McArdle motioned to approve, motion was seconded by Committee Member Bob Cooperrider. Motion passed unanimously by the following voice vote: Whitney Eklund – Aye, Richard Pearl – Aye, Bob Cooperrider – Aye, Lesa McArdle – Aye, Byron Maynard – Aye, Dan Clarke – Absent, Clara Ellis – Absent. (5,0,0,2) 6. STAFF UPDATES 6.A Airport Financial Report (Nita Wracker) Assistant City Manager / Finance Director Nita Wracker provided information and updates regarding the Airport Financial Report, via Zoom. Discussion followed between committee members and staff. 6.B Ground and Hangar Lease Spreadsheet with Sunset Dates and Hangar Map (Matt Medill) Public Words Director, Matthew Medill gave a brief overview of the lease spreadsheet. Discussion ensued between staff and committee members regarding lease options.

Page 2 of 3 Airport Committee Regular Meeting Minutes May 21, 2025 6.C List of Pending Tasks for June Meeting (Matt Medill) • Master Fee Schedule & New Potential Fees for Consideration • Hangar Waiting List Subscription Program • Future Hangar Reversion Policy Development & Potential for Revenue Generation Public Works Director Matthew Medill discussed his pending tasks list with the committee. 7. NEW AND CONTINUING BUSINESS 7.A Common Area Maintenance (CAM) Charge Fee Tier Options & Staff Recommendation (Matt Medill) Public Works Director Matthew Medill provided an overview of the CAM Charge Fee options. Discussion ensued. Committee Member Byron Maynard motioned for Option #1, motion was seconded by Committee Member Lisa McArdle. Motion passed unanimously by the following voice vote: Whitney Eklund – Aye, Richard Pearl – Aye, Bob Cooperrider – Aye, Lesa McArdle – Aye, Byron Maynard – Aye, Dan Clarke – Absent, Clara Ellis – Absent. (5,0,0,2) Councilmember Pearl opened the item for public comment. The following provided public comment: Ed Soo Seeing no further comments, Councilmember Pearl closed public comment. Further discussion between the committee members and staff ensued. 7.B Placer Hangar Company 29 Hangars Lease Options & Staff Recommendation (Matt Medill) Public Works Director Matthew Medill provided lease options for discussion. Upon further discussion, the committee agreed to have staff further refine the lease options. 7.C Ground Lease Rate Update Staff Recommendation (Matt Medill) Public Works Director Matthew Medill provided updates on the Ground Lease Rate Update and requested further guidance from the committee. Discussion ensued. Committee member Byron Maynard made a motion to move to 8 cents for future lease negotiations. Motion seconded by committee member Lesa McArdle. Motion passed unanimously by the following voice vote: Whitney Eklund – Aye, Richard Pearl – Aye, Bob Cooperrider – Aye, Lesa McArdle – Aye, Byron Maynard – Aye, Dan Clarke – Absent, Clara Ellis – Absent. (5,0,0,2) 7.D Revenue Increasing Pilot Study Proposal & Recommendation: Reduce Pricing by 10% to Drive Increased Sales Volume & Total Revenue (Councilmember Pearl)

Page 3 of 3 Airport Committee Regular Meeting Minutes May 21, 2025 Councilmember Richard Pearl provided the committee with handouts, made part of these minutes by mention thereof. Mr. Pearl also spoke to the committee about reducing the fuel pricing by 10% to drive increased sales volume & total revenue. Discussion ensued. The committee decided to test the proposal. 8. NEXT REGULARLY SCHEDULED MEETING June 18, 2025. City Manager Sean Scully mentioned he would like to do a groundbreaking ceremony for Ed Soo’s project. Mr. Scully also mentioned the memorial being built at the airport. The committee briefly discussed the upcoming airport events. 9. ADJOURNMENT Councilmember Richard Pearl adjourned the meeting at 11:32am. Submitted by Jessie Krost, Deputy City Clerk ___________________________

LOGITECH: QUOTE ORDER, ROLL, CALL, IF WE MAY. LOGITECH: YES, WHITNEY. LOGITECH: EXCUSE ME, BOB COOPER, EDITOR SERVICE. LOGITECH: I THOUGHT, WAS GOING TO BE ON ZOOM IF LOGITECH: SHE. YEAH, SHE'LL BE LISTENING, I THINK, VIA ZOOM. I DON'T KNOW IF SHE'S ON QUITE YET, BUT IT WILL NOT COUNT AS HER ATTENDING THE MEETING. LOGITECH: AND THEN LOGITECH: OF THE UNITED STATES OF AMERICA, AND TO THE REPUBLIC FOR WHICH IT STANDS, ONE NATION UNDER GOD, INDIVISIBLE WITH LIBERTY AND JUSTICE FOR ALL LOGITECH: YOU THERE. SHE'S LOGITECH: JUST AS A THE PROCEDURAL UPDATE. THE CITY HAS ASKED ALL COMMITTEES TO A LITTLE BIT MORE FORMALIZE ITSELF. CERTAINLY FOLLOWING, DO THAT. AND ROBERTS WILL SUPPORT THE BEST THAT THAT WE CAN. FOLLOWING THE SAME TYPE OF OPERATING PROCEDURES THAT HAVE THAT LOGITECH: THE CITY COUNCIL FOLLOWS. AND SO IT'S REALLY NOT GONNA MAKE A DIFFERENCE. LOGITECH: ACCEPTED WHEN YOU COULD BE CALLED ON, AND AND HOW YOU'RE CALLED ON SO ESSENTIALLY, THAT'S YOU KNOW. THAT'S THE DIFFERENCE. I'M GONNA STATE IT. AND I THINK IT'S IT'S CORRECT. IF YOU WANT TO SPEAK ON A SUBJECT THAT IS LOGITECH: NOT ON THE AGENDA, YOU CAN DO THAT UP FRONT UNDER CITIZENS ADDRESSING THE COMMITTEE. LOGITECH: IF YOU ARE, IF YOU WANT TO SPEAK UNDER OR AN AGENDIZED ITEM, IF IT'S JUST FOR AN INFORMATIONAL ITEM, AND IT'S AT THE DISCRETION OF THE CHAIR. SO WE JUST DON'T GET INTO LONG CONVERSATIONS. IF IT'S JUST AN ADVISORY UPDATE, IF IT'S AN ACTION ITEM, THEN THE COUNCIL. I'M SORRY. THEN THE COMMITTEE WILL 1ST TALK AMONG OURSELVES. WE'LL OPEN IT UP FOR DISCUSSION. BRING IT BACK TO THE COMMITTEE FOR DECISION. BUT THAT'S ONLY ON ACTION ITEMS. LOGITECH: DID I SAY THAT CORRECTLY. EXACTLY. OKAY, PERFECT. GOOD. OKAY. ANY QUESTIONS ABOUT THAT REALLY NOT MUCH DIFFERENCE AT ALL. IT'S JUST FORMALIZING A LITTLE BIT. SO IT'S REALLY NOT SORRY. IT'S REALLY NOT THIS LOGITECH: COMMITTEE IN PARTICULAR THAT WE WERE CONCERNED ABOUT. IT'S OTHERS THAT WE HAVE, AND JUST MAKING SURE THAT LOGITECH: THIS ONE IS SO TARGETED AND SPECIFIC TO WELL CHAIN, THAT WE HAVE OTHER COMMITTEES THAT HAVE MORE SCOPES. AND SOMETIMES WE SEE THAT THAT LOGITECH: LIKE, UNLESS YOU TIGHTEN IT UP, PEOPLE TEND TO GO DOWN RABBIT HOLES THAT MAY NOT BE SUPER PRODUCTIVE. WE DON'T WANT TO GO DOWN HOLES IN IN THE TARMACS FYI TO NEXT MONTH. I WILL BE DOING A BROWN ACT PRESENTATION FOR YOU. ALL RIGHT. COOL. LOGITECH: EXCELLENT, EXCELLENT. OKAY, GOOD. SO WITH THAT BEING SAID, CITIZENS ADDRESSING THE COMMITTEE, ANYONE, WE HAVE 2 GUESTS OVER HERE ON AN ITEM THAT'S NOT ON THE AGENDA. YES, OKAY. OKAY. HI, GOOD MORNING, EVERYBODY. GOOD MORNING. I LOVE THIS. I GET TO SEE EVERYBODY. OKAY. SO COUPLE COUPLE OF GREAT THINGS. THE AIRPORT, BILL, WE'RE WORKING THROUGH. LOGITECH: WE'RE WORKING THROUGH A PLAN RIGHT NOW. AND AND I LOVE WORKING WITH THE CITY, ESPECIALLY THE PLANNING DEPARTMENT OR ENGINEERING DEPARTMENT, ALL THE DEPARTMENTS THAT REALLY, REALLY, ALWAYS HELPFUL. SO THAT'S WORKING AND AND LOGITECH: WE'RE LOOKING FORWARD TO HAVING SHOVEL ON THE GROUND THIS COMING UP MONTH IN JUNE. SO THAT'S REALLY REALLY EXCITING. LOGITECH: A COUPLE OF THINGS THAT I SEE OUT AT THE AIRPORT IS PARKING. WE HAVE A LACK OF PARKING, AND SO, WITH MORE AIRCRAFT HANGARS AND MORE FOLKS COMING INTO THE LINCOLN AIRPORT. I THINK IT'D BE BEST THAT WE ACTUALLY LOOK FOR ULTIMATE PARKING SPACES NOW VERSUS LATER, BECAUSE WE ALREADY HAVE TRUCKS AND OTHER VEHICLES BEING PARKED LOGITECH: ON THE SIDE OF THEIR HANGERS, AND THAT IMPACTS ALSO THE POSSIBILITY OF AN WELL LOGITECH: PLUS. WE HAD AN INCURSION WITH AN AIRCRAFT, WITH A TRUCK COMING RIGHT AROUND THE CORNER. AND THEN THAT'S NOT GOOD. SO I THINK MAYBE PUTTING EYES ON WHAT'S HAPPENING OUT AT THE AIRPORT AS FAR AS PARKING IS CONCERNED, WHERE PEOPLE ARE PARKING. AND THEN, ALSO LOOKING AT ALTERNATE PLACES, I THINK THAT WOULD BE BENEFICIAL FOR US. LOGITECH: IT ALMOST LIKE, I SAID, CUTS DOWN ON LIABILITY AS A WHOLE. LOGITECH: AS FAR AS JETS COMING IN. WE KEEP ON GETTING MORE AND MORE JETS. I'VE BEEN OUT THERE SINCE FRIDAY. I THINK WE PROBABLY HAD MAYBE CLOSE TO HALF A DOZEN FLY IN. SO ONE OF THE THINGS ABOUT SUMMERTIME. OBVIOUSLY IT GETS WARM. THESE JETS ARE ON THE TARMAC, AND WHAT WE DON'T HAVE IS AN APU, AN AUXILIARY POWER UNIT. LOGITECH: AND THE REASON WHY I'M BRINGING THAT UP IS BECAUSE LOGITECH: PASSENGERS THAT ARE EITHER OFFLOADING OR LET'S JUST SAY THAT ARE THAT ARE ONBOARDING TO GET INTO AN AIRCRAFT THAT IS A HUNDRED DEGREES INSIDE THE CABIN, BECAUSE WHAT HAPPENS IS THESE GUYS OR THE PILOTS DON'T WANT TO RUN THEIR AIRCRAFT ON THE TARMAC WAITING FOR FOLKS TO TO ONBOARD, BECAUSE IF THEY HAVE TO RUN THEIR AIRCRAFT ENGINES LOGITECH: FOR THEIR AIR CONDITIONING UNITS, THAT'S LIKE, YOU KNOW, IT'S JUST BURNING UP FUEL AND ALSO ENGINE TIME. SO POSSIBLY LOOKING INTO GETTING AN APU. LOGITECH: I KNOW OTHER AIRPORTS AROUND THE VICINITY. THEY HAVE APUS, AND THEY ACTUALLY CHARGE FOR HOOKUP TIME. LOGITECH: SO YOU HAVE A UNIT. YOU'RE GOING TO HOOK IT UP TO THE JET, AND IT'S GOT A. IT'S GOT A COUNTERCLOCK ON IT. AND BYRON, YOU PROBABLY YOU KNOW ABOUT THIS STUFF. SO IT IS GENERATING REVENUE. YES, THERE'S THE COST FOR THE APU IN THE BEGINNING, HOWEVER, OVER TIME YOU DO GET THAT COST BACK. LOGITECH: OKAY? THE 3RD THING IS ADVERTISING FOR THE BUILD. WHAT I FOUND OUT IS THAT A LOT OF FOLKS AT THE AIRPORT. DON'T EVEN KNOW THAT WE'RE PUTTING IN THIS THIS MASSIVE PROJECT. SO I'M RUNNING INTO FOLKS. EVERY ONCE IN A WHILE THEY'RE LIKE, OH, MY GOD, WE DIDN'T KNOW ABOUT THIS. SO IF WE CAN SOMEHOW HIGHLIGHT THIS, PUT A BANNER, PUT IT ON THE WEBSITE, THE AIRPORT WEBSITE THAT THIS IS COMING. THE MORE THE BETTER. LOGITECH: IT JUST MAKES FOR MORE OF A SUCCESSFUL BUILD, AND ALSO AGAIN GETTING MORE AND MORE PILOTS IN THE GENERAL AREA, AND ALSO AT LINCOLN KNOWING ABOUT THIS BILL. SO LOGITECH: AS SOON AS WE'RE DONE WITH THIS BILL, THEN I'LL GO FOR PHASE 2 PHASE 2 IS AWESOME. LOGITECH: THANK YOU. BUT THANK YOU. THANK YOU. ANY LOGITECH: QUESTION COMMENTS ABOUT THAT. I HAVE ONE@FIRSTST THANK YOU VERY MUCH. AND IT'S GREAT THAT THE THAT THE BUILD IS GONNA START IN IN JUNE. WHEN DO YOU HAVE A WHAT IS YOUR ESTIMATED COMPLETION DATE LOGITECH: SOMEWHERE AROUND AUGUST. REALLY? OKAY, YEAH. YEAH. EXCELLENT. EXCELLENT. LOGITECH: SOMEONE ON THE SOMEONE BROUGHT THIS UP A COUPLE OF YEARS AGO, AND THEY THOUGHT THEY HAD A LINE ON ONE THAT YOU COULD HAVE GOT ALMOST LIKE DONATED AS OPPOSED TO GOING OUT AND BUYING A NEW ONE. LOGITECH: YEAH, THEY COME UP FROM TIME TO TIME. OKAY? LOGITECH: AND WHAT'S A ROUGH PRICE ON THEM? LOGITECH: I MEAN, THEY GO 30, 50, DEPENDING UPON. IF IT'S USED, YOU CAN GET CHEAPER. LOGITECH: OKAY? LOGITECH: I'D LIKE TO COMMENT ON WHAT YOU MENTIONED ABOUT PARKING. I'M NOTICING A LOT OF CARS PARKED OUT AMONG THE HANGARS AND LOOKING AT THE LEASE THAT WE WERE GIVEN THE HANGARS THAT ARE COMING UP FOR DECISION LATER TODAY. IT SAYS RIGHT IN THERE. NO PARKING OUTSIDE OF THE HANGARS, AND I'M SEEING IT'S NOT BEING ENFORCED, AND IT MOST LIKELY IS LOGITECH: WHAT YOU'RE BRINGING UP. THERE SIMPLY IS NOT ENOUGH PARKING FOR CARS. EITHER THEY SHOULD NEED TO PARK THEIR CAR IN THE HANGAR OR AT A APPROVED SPOT. THAT'S NOT HAPPENING LOGITECH: IN MANY CASES. HOW ABOUT JUST ROUTINE LAZINESS. LOGITECH: LIKE WE FIND THAT WHEN PEOPLE ARE BREAKING PARKING RULES, IT'S MOST OF THE TIME IT'S NOT A CAPACITY ISSUE. IT'S THAT THEY SIMPLY DON'T WANT TO WALK A LITTLE BIT FURTHER TO WHERE THEY'RE GOING. WELL, THERE'S NO ASSIGNED PARKING IN THE NORTH END OF THE AIRPORT. YOU HAVE TO GO OUT THE GATE, AND THEN YOU CAN'T GET BACK IN THE GATE. THERE'S NO MAN GATE DOWN THERE. SO PEOPLE PARK AT THE END OF THE HANGARS. LOGITECH: AND EVEN IF IF THERE'S PEOPLE PARKED AT THE ENDS OF BOTH HANGERS UNDERNEATH THE NO PARKING SIGNS, THEN WHEN YOU TRY TO TAXI OUT, YOU'RE YOU KNOW YOU'RE LIKE IT'S NOT, IT'S IT'S WIDE ENOUGH, BUT IT STILL DOES GET A LITTLE CONGESTED, AND THEN, IF THEY DO THAT IN BETWEEN THE ROWS. LOGITECH: I HAVE A PRETTY LONG WINGSPAN, AND IT'S NERVOUS MAKING. WELL, MAYBE. AND IT IS. YOU'RE RIGHT. IT'S PRETTY FAR, MAYBE, ASIDE FROM JUST STARTING TO THINK ABOUT MORE CAPITAL PROJECTS. PROVIDE MORE PARKING. LOGITECH: I THINK THAT THE REASON THAT THE CITY PROBABLY HASN'T SENT CODE ENFORCEMENT OR TRAFFIC OFFICERS OUT THERE IN THE PAST TO GO TICKET PEOPLE WAS THAT WE. LOGITECH: YOU KNOW, UNLESS IT WAS A REAL PROBLEM. WE DIDN'T WANT TO BE THAT, YOU KNOW DRACONIAN ABOUT IT. BUT IF IT CREATES SOMETIMES A SAFETY ISSUE. I DON'T. MAYBE WITH THE BEST WAY TO DO IT IS, I COULD SEND OUT A LETTER FROM US JUST TO EVERY SINGLE TENANT AND SAY, HEY? WE'VE BEEN VERY LOOSE ON THIS LOGITECH: OBVIOUSLY, MOST OF THE TIME. IT'S NOT A BIG DEAL, BUT WE ARE STARTING TO GET SOME COMPLAINTS ABOUT IT. AND SO WE'RE WE ARE GOING TO EVALUATE ENFORCEMENT, MOVING FORWARD TO SEE IF THAT CHANGES BEHAVIOR FOR A WHILE LOGITECH: OR WE GET TO TOUCH THEM OUT AND TICKET. I I DON'T KNOW THAT IT'S NECESSARILY A TICKETING ISSUE. I THINK THERE JUST NEEDS TO BE PAINTED LINES FOR DEFINING PARKING. THESE ARE PARKING SPACES, AND THESE ARE NOT BECAUSE THERE'S AREAS WHERE DON'T LOGITECH: YOU DON'T TAXI THE AIRPLANE. BUT THERE IS. IT'S CAR TRAFFIC THAT COULD HAVE PAINTED LINES. SINCE WE'RE GOING TO TRY TO IMPROVE OUR BEHAVIOR AND FOLLOW THE BROWN ACT. CAN WE PUT THIS ON THE AGENDA FOR THE NEXT MEETING? YES, OKAY, PERFECT. BECAUSE WE HAVE A REALLY FULL AGENDA. WE'LL DO A LITTLE LOOK ABOUT. YOU KNOW, WHERE WE COULD DO THAT. WE COULD PROVE SOME STRIVING, AND WE'LL HAVE SOME MORE. LOGITECH: YOU KNOW. DETAIL FOR YOU, BUT THAT'S GOOD GOOD FEEDBACK. AND THEN I WANTED TO COMMENT ON YOUR ADVERTISING SUGGESTION. IS THAT SOMETHING THAT WE COULD PUT FOR EDC OR JUST LOGITECH: IS, DO WE HAVE TO GO THROUGH FORMALITY WITH THE GRAPH? CAN WE LOGITECH: SEE IF AARON IS ABLE TO DO SOME ADVERTISING ON THE CITY WEBSITE. NORMALLY, WE WOULD NEVER DO THAT. BUT THE DIFFERENCE HERE IS THAT THIS IS LOGITECH: LIKE THAT, SUCCESS IS THE AIRPORT SUCCESS. AND SO WE SORT OF NEED TO. LOGITECH: SO YEAH, NO, NO WORRIES. WE'RE WE'RE WE'RE ALSO WORKING WITH HIM ON SOME DETAIL ABOUT KIND OF TOUCHING UP OUR LIST OF FOLKS THAT ARE WAITING FOR FOR HANGERS, BECAUSE SOME OF THEM HAVE NOW BOOKED ON LOGITECH: GOOD ANYTHING ANYONE ON ZOOM? LOGITECH: ANY QUESTIONS, NO ONE WITH THEIR HANDS RAISED RIGHT NOW. OKAY. LOGITECH: ANYONE ELSE WISHING TO MAKE A COMMENT. OKAY, SCOTT. OKAY. PROOF OF THE MEETING MINUTES. WE HAD MINUTES IN HERE FROM 2 19. WE DIDN'T HAVE THEM FOR FOR MARCH LOGITECH: AND APRIL. I'LL WORK ON THOSE. WE'LL HAVE IT FOR NEXT NEXT MEETING. LOGITECH: ANY ANY COMMENTS ON THE ON THE MINUTES FROM APRIL. I'M SORRY FOR FEBRUARY 19.TH LOGITECH: OKAY, MOTION TO ACCEPT, BUT TO ACCEPT THE 2 19 MIN. LOGITECH: SECOND, THANK YOU. OKAY. SAY, AYE, AYE. OH, NO. OKAY. DONE. OKAY. LOGITECH: OKAY. GOOD. LOGITECH: 6 GONNA BE SHOWING UP, OR DO YOU WANT TO? LOGITECH: SHE MIGHT BE. THERE'S A PHONE NUMBER ON HERE. SHE IS LOGITECH: ISSUES WHERE I THINK SHE JUST RAISED HER HAND. 15303081250: HI! CAN YOU HEAR ME? LOGITECH: YEP. YES. 15303081250: OKAY. SORRY I MISSED THE QUESTION, RICHARD. COULD YOU REPEAT IT? LOGITECH: OH, JUST SIGNING IN ON YOUR SECTION, NITA, FOR THE THE FINANCIAL. 15303081250: YEAH, SORRY ABOUT THAT. I'M 15303081250: DOUBLE BOOKED UNINTENTIONALLY DOUBLE BOOKED. SO THE FINANCIAL REPORT IS PRETTY MUCH AS IT IS. JUST ABOUT EVERY MONTH YOU CAN SEE IN THE IN THE ATTACHED THAT 15303081250: THE AIRPORT'S GONNA STILL END UP WITH A DEFICIT FOR THE CURRENT FISCAL YEAR. AND I THINK THIS IS OUR 15303081250: 3RD YEAR IN A ROW OF DEFICIT SPENDING. IT'S JUST. IT'S UNFORTUNATE THAT THE REVENUES GENERATED BY THE AIRPORT ARE ONLY JUST SUFFICIENT TO COVER EVERYDAY OPERATING EXPENSES. SO ANYTIME THERE'S ANYTHING LIKE ANYTHING ADDITIONAL DONE AT THE AIRPORT. IT PUSHES IT INTO THIS DEFICIT STATUS, AND I BELIEVE THERE IS GOING TO BE A CONVERSATION ABOUT ADJUSTING THE FUEL PRICES TO TRY TO GENERATE MORE FUEL REVENUE, AND I THINK THAT 15303081250: I CAN COMMENT ON THAT WHEN THAT OCCURS, BECAUSE THERE ARE SOME THINGS TO CONSIDER WITH, WITH THAT THAT IT COULD PROVIDE AN ADDITIONAL RISK TO THE AIRPORT, THAT IF ADDITIONAL BUSINESS IS IT BROUGHT IN TO COVER THE REDUCTION IN PRICE THAT THIS GAP OF FUNDING WILL JUST BECOME BIGGER. 15303081250: AND WE ARE ACTIVELY WORKING ON THE THE BUDGET PRESENTATION FOR COUNCIL. WE DON'T TYPICALLY GIVE A PREVIEW OF THAT TO COMMITTEES PRIOR TO COUNCIL, HAVING AN OPPORTUNITY TO REVIEW THAT THE REVENUES ARE CONTINUED TO BE. 15303081250: LET'S SAY, LUKEWARM FOR THE AIRPORT, AND WE'RE NOT SEEING, ANTICIPATING AN INCREASE IN THAT, AT LEAST IN, YOU KNOW, WITHOUT SOME ADDITIONAL SHIFTS IN THE AIRPORT. 15303081250: BUT WITH THAT I'M HAPPY TO ANSWER ANY QUESTIONS. LOGITECH: YOU KNOW, ONE QUESTION I HAVE. THIS IS FINANCIAL. THROUGH THE END OF APRIL, ABOUT 10 MONTHS. WHERE DO YOU THINK WE'RE GONNA END UP AT THE END OF THE YEAR. 15303081250: IT'LL PROBABLY BE FAIRLY CLOSE TO WHAT WE'RE PROJECTING FOR THE END OF THE YEAR. 15303081250: SO IT'S THE THE GAP IS GOING TO BE WHAT WHAT IT SHOWS ON THAT REPORT FOR THE BUDGET. LOGITECH: A NEGATIVE, 700,000. 15303081250: YEAH, YEAH, THAT SOUNDS YEAH AROUND THERE. YOU KNOW WHAT YOU KNOW. IT'S AN ESTIMATE. AND EVEN AFTER THE MONTH END OF JUNE WE STILL HAVE SOME TIME BEFORE WE ARE ABLE TO 15303081250: TO CALCULATE AND PROVIDE THE DEPRECIATION AND EXPENSIVE LEASES AND DEBT, CURRENT PORTION AND THINGS OF THAT SORT THAT AREN'T NORMAL EXPENSES. THOSE TYPICALLY HAPPEN IN THE 15303081250: 60 TO 90 DAYS POST THE FISCAL YEAR END. LOGITECH: OKAY. LOGITECH: WELL, NOT NOT THE BEST NEWS, BUT IT'S IF IT'S THE ACCURATE NEWS. THAT'S WHAT WE HAVE TO DEAL WITH LOGITECH: ACCOMMODITY. LOGITECH: YEAH, YEAH, I'M SORRY, NICK. 15303081250: SORRY GO AHEAD. LOGITECH: LET'S JUST ASK FOR COMMENTS FROM THE FROM. THE COMMITTEE LOGITECH: NOTICED THAT THE FUEL SALES ARE NOT ON TARGET FOR BUDGET, AND WE'RE SHOWING 1, 65, 3 MONTHS LEFT TO GO LOGITECH: ACTUALLY, YEAH, MAYBE 2 MONTHS LEFT TO GO 15303081250: YEAH, SO I WOULD. I WOULD JUST POINT OUT THAT AT THE TIME THE REPORT WAS GENERATED 15303081250: AND WE HAD A CHANGE IN PERSONNEL. AND SO WE WERE LAGGING BEHIND ON REPORTING FUEL SALES FOR THE MONTH OF APRIL. SO THIS ONLY INCLUDES FUEL SALES THROUGH THE MONTH OF MARCH. ONCE WE RECORDED APRIL. THEY DO LOOK A BIT BETTER, AND WE'LL PROVIDE THAT IN THE NEXT MONTH'S REPORT. LOGITECH: YEAH, THANK YOU. LOGITECH: OKAY. LOGITECH: WINTERTIME FINE. I MEAN, WE. WE HAD SOME PRETTY SUBSTANTIAL WEATHER IN FEBRUARY AND MARCH. LOGITECH: SO IT IT SLOWS IT DOWN. 15303081250: YEAH, IT SEEMS LOWER THAN EVEN NORMAL FOR THAT TIME OF YEAR. LOGITECH: ANY OTHER QUESTIONS. LOGITECH: OKAY, THANK YOU. NATIVE. LOGITECH: ANYTHING ELSE THAT YOU WANT TO REPORT ON FOR FINANCE, AND THE OTHER. 15303081250: I KNOW I WILL. I DID. DID JUST GET A ZOOM LINK, SO I'LL I'LL JOIN VIA ZOOM IN CASE I HAVE OTHER COMMENTS THAT I NEED TO TO MAKE. LOGITECH: OKAY, ALRIGHT. WE'LL CIRCLE BACK WITH HIM. LOGITECH: COMPETITIVE. 15303081250: THANKS. LOGITECH: GRAND LEASE. 6. BRAVO! MY. LOGITECH: YEAH, THE GROUND LEASE. I PROVIDED THE THE TABLE. THIS IS AN INVENTORY TABLE THAT WE DID PROBABLY 6 MONTHS AGO, MAYBE 9 MONTHS AGO. THE ACTUAL, THE LOGITECH: THESE RATES, THE RENT, HASN'T BEEN UPDATED. I THINK THERE WAS A CPI ADJUSTMENT, BUT THIS GIVES YOU A GENERAL IDEA OF THE TERM OF THE LEASE. YOU CAN SEE THE COLUMN TOWARDS THE RIGHT LEASE EXPIRES. A LOT OF LOGITECH: A LOT OF THE HANGERS ARE MONTH TO MONTH. LOGITECH: AND THEN SOME HAVE EXPIRATION DATES IN THERE. YOU CAN SEE GENERALLY THE SQUARE FOOTAGE AGAIN. THIS ISN'T, YOU KNOW. LOGITECH: IT'S PROBABLY LIKELY NOT EXACTLY PRECISE, BUT IT GIVES YOU THE BEST GENERAL INFORMATION THAT WE'VE GATHERED IN ONE PLACE LOGITECH: QUESTIONS FROM THE COMMITTEE. LOGITECH: YEAH. SO IT'S MORE OF A COMMENT. LOGITECH: IT'S JUST IN LOOKING AT HOW LOGITECH: HOW MUCH IT COSTS TO BUILD A BUILDING. NOW, THESE THINGS ARE PRETTY VALUABLE. OKAY, AS FAR AS THE ESTIMATED VALUE. THEY'RE LOW. IS THAT WHAT YOU'RE SAYING? OKAY, IT'S LOGITECH: HORRENDOUS WHAT YOU PAY NOW FOR BUILDINGS. OKAY. LOGITECH: YOU KNOW, ONE DISCUSSION THAT I'VE BEEN HAVING INTERNALLY. AND ACTUALLY ED BROUGHT IT UP IS, WE HAVEN'T HAD VERY THE ONLY LEASES THAT WE'VE DONE LOGITECH: OUT THERE HAVE BEEN ON FLIGHT LINE PROJECTS, WHICH IS A DIFFERENT GAME THAN A BOX HANGAR, AND AND THAT'S LARGE PROJECT. LOGITECH: BUT WE ARE STARTING TO GET PEOPLE THAT ARE ON MONTH TO MONTH. THAT WOULD LIKE, YOU KNOW. MAYBE THEY'VE ASKED BEFORE, AND WE'RE TOLD NO OR WHATEVER THAT WOULD LIKE TO EXTEND OR HAVE A NEW LEASE WHERE THEY CEMENT THEMSELVES IN FOR A NUMBER OF YEARS. AND LOGITECH: THERE WAS A TRANSACTION THAT IT WAS HAS OCCURRED OUT AT THE AIRPORT IN RECENT MONTHS, WHERE THERE WAS ABOUT 15 OR 17 YEARS LEFT ON A LEASE, AND A HANGER WAS PURCHASED FROM ANOTHER PRIVATE PARTY. AND IT WAS 400,000 BUCKS OR SO WAS THE PRICE. SO IT GOT US THINKING THAT IF MAYBE JUST SOMETHING THAT THEY'RE WORKING AND CHEW ON A LITTLE BIT IS LOGITECH: WE'RE GONNA GET REQUESTS FOR PEOPLE THAT ARE ON MONTHS TO MONTHS THAT WANT THE MULTI YEAR LEASES, WHICH IS FINE BUT INSTEAD OF JUST UPGRADING THEIR LEASE RATE DECENT, YOU KNOW, SQUARE FOOT AMOUNT AND THEN ADDING THEM IN ON THE CAM CHARGE THING. I'M WONDERING IF WE WANT TO THINK ABOUT POLICY WHERE WE GET AN APPRAISAL OF THE VALUE OF THE STRUCTURE. LOGITECH: AND IF WE'RE GOING TO DO THAT DEAL LOGITECH: THERE SHOULD BE MORE VALUE TO THE AIRPORT IN TERMS OF A PAYMENT LIKE ONE BALLOON PAYMENT AT THE BEGINNING OR SOMETHING. IF YOU'RE GOING TO GIVE PEOPLE EFFECTIVE RIGHTS TO CONTINUE TO HAVE A HANGER, ESPECIALLY BOX HANGAR FOR 30 YEARS, OR WHATEVER VERSUS JUST UPDATE. SO I DON'T KNOW WHAT THAT LOOKS LIKE. BUT IT GOT ME THINKING THAT IF THOSE TRANSACTIONS ARE OCCURRING PRIVATE. LOGITECH: THAT IF WE'RE GOING TO BE THE ONE THAT'S SAYING, OKAY, YOU KNOW. LOGITECH: YOU WANNA PURCHASE THE HAIR, AND YOU WANT A NEW GROUND LEASE. THEN IT SEEMS TO ME THAT WE SHOULD AT LEAST BE DOING SOME. LOGITECH: YOU KNOW, FIGURING OUT MORE THAN JUST THE PERSON YOU KNOW THE 7 CENTS A SQUARE FOOT, OR WHATEVER IT IS FOR LEASE RATE. LOGITECH: OH, BECAUSE OTHERWISE, LIKE, WHAT'S UNLESS THE HANGERS JUST REALLY REALLY OLD AND IN TERRIBLE CONDITION, LIKE, WHAT'S THE LOGITECH: BENEFIT TO THE CITY OF EXTENDING SOMEONE MULTIPLE DECADES, FOR YOU KNOW, AN EXTRA, YOU KNOW, $1,200 A YEAR. GIVEN SOME OF THEM A LOT MORE VALUE. LOGITECH: IF WE GO THROUGH, CAN WE? LOGITECH: CAN WE BRING A PROFESSIONAL IN TO DO THAT? CAN WE DO IT BY SECTION? I MEAN RATHER THAT RATHER WE DON'T. WE DON'T NEED IT BY INDIVIDUAL HANGAR. I WOULD THINK WE JUST DO IT BY BY MAJOR AREA. LOGITECH: THEY'LL PROBABLY LOOK AT COMPS, AND THERE ARE COMPS, YOU KNOW. LOGITECH: GOOD FOR THOUGHT. SO. SO I HAVE A CLIENT. LOGITECH: A MAINTENANCE CUSTOMER WHO OWNS A HANGER AT LINCOLN. LOGITECH: AND HE JUST BOUGHT A HANGAR IN BEND OREGON, AND THE LOGITECH: THE LEASE THERE ON THAT HANGER. HE DIDN'T HAVE THAT MUCH LOGITECH: RUNWAY AHEAD ON THE LEASE, BUT WHAT THE CITY OF BEND OFFERS IS, IF YOU WILL PAY A HIGHER LEASE RATE, THEY WILL GIVE YOU AN EXTENSION ON YOUR GROUND LEASE. LOGITECH: SO IT'S A WAY FOR THE FOR THEM TO GET MORE REVENUE WHICH WE JUST TALKED ABOUT. WE NEED YEAH. SO SO BOTH PARTIES WIN AND AND BEN DIDN'T LIKE DOING REVERSIONS, BECAUSE THEN THEY GET THAT THEY'RE NOT. IT'S NOT THEIR WHEELHOUSE TO MAINTAIN HANGERS. LOGITECH: SO EVERYBODY WINS IN THAT SCENARIO, AND I THOUGHT IT WAS A BRILLIANT IDEA, SO LIKE, YOU KNOW. IMAGINE THAT THE NUMBER IS HIGHER, THE SHORTER THE TERM LOGITECH: SLIGHTLY LOWER THE LONGER, AND THEN YOU DON'T HAVE TO DO APPRAISALS AND DO ALL THAT STUFF. YOU. WHAT YOU CAN DO IS LOGITECH: EVERYBODY WINS. YEAH. LOGITECH: WELL, BECAUSE YOU FIGURE THIS, YOU KNOW TRANSACTION WHERE SOMEONE PAYS 400,000 BUCKS LOGITECH: AND WHAT THEY'RE GETTING IS 17 YEARS ON A GROUND LEASE OF AN EXISTING BOX. LOGITECH: YOU KNOW. I KNOW THERE'S PLENTY OF WEALTHY PEOPLE THAT PROBABLY JUST MAKE CASH, BUT MANY PEOPLE PROBABLY FINANCE THAT. AND SO THEY'RE PAYING A MONTHLY LOGITECH: MORTGAGE ON THAT HANGER. RIGHT? LOGITECH: SO IT GOT ME THINKING SHOULD BE SOME WAY TO CAPITALIZE ON THAT. LOGITECH: AND I THOUGHT THAT WAS A BRILLIANT IDEA, BECAUSE YOU THINK ABOUT. THE CASH FLOWS OVER A LONGER PERIOD OF TIME FOR THE CITIES, AND THAT'S THAT'S WHAT WE NEED TO MAINTAIN. THE AIRPORT. LOGITECH: YEP. AND THEN CITY DOESN'T HAVE TO DO ANY WORK. LOGITECH: ALL THEY GOTTA DO IS COLLECT THE MONEY. LOGITECH: DO YOU THINK? GOING FORWARD? LOGITECH: WELL, LOGITECH: IT'S ACTUALLY ON. ITEM 6 C, NUMBER 3, FUTURE HANGER REVERSION POLICY, DEVELOPMENT POTENTIAL REVENUE GENERATION. AND THAT'S SOMETHING WE'RE PLANNING ON BRINGING BACK NEXT MONTH. SO I THINK WE'LL PROBABLY TALK TO BYRON AND EXPLORE DIFFERENT OPTIONS AND THEN PUT THOSE INTO A STAFF REPORT JUST FOR FUTURE, FOR FURTHER DISCUSSIONS. LOGITECH: PROBABLY ONE OF THE MORE IMPORTANT KIND OF POLICY DECISIONS THAT THIS GROUP IS GONNA MAKE IS BECAUSE WE'VE NEVER REALLY ADDRESSED THIS TO THE EXTENT WE EVEN HAVE A POLICY ABOUT LEASING OUT THERE. I'VE NEVER SEEN IT. SO IT WOULD BE NICE TO HAVE SOMETHING. YEAH, THERE'S THERE'S SO MUCH VALUE IN THESE HANGERS. I MEAN, I AM GETTING FLOODED WITH PHONE CALLS, EMAILS AND TEXT. I'M PROBABLY GETTING MAYBE LOGITECH: AT LEAST 5 A DAY. AND AND IT'S INCREDIBLE. I'VE GOT FOLKS. LOGITECH: I HAD A FELLOW FROM TAHOE CALL ME. LOGITECH: I SAID, WHAT'S YOUR COMPELLING REASON WHY, LINCOLN? HE'S LIKE ED, BECAUSE I FLY MY PLANE FOR BUSINESS, AND THERE'S NOTHING UP IN TAHOE. SO LINCOLN IS A PERFECT PLACE FOR ME. 2 DAYS AFTER THAT LOGITECH: I GOT ANOTHER PHONE CALL FROM GUY IN TRUCKING. HE'S LIKE ED. THERE'S NOTHING IN TRUCKEE, AND THEY DON'T WANT GA, AND AND SO I'VE GOT FOLKS FROM THE BAY AREA. I'VE GOT FOLKS THAT ACTUALLY ARE PURCHASING A HANGER UP IN BEN RIGHT NOW, SO I KNOW A LITTLE BIT ABOUT THE AIRPORT MANAGEMENT OUT THERE. LOGITECH: THE VALUE IS YES, THE HANGAR ITSELF, AND ALSO THE TIME COMPONENT. AND THESE THINGS, YOU KNOW TO BUILD A 3,000 SQUARE FOOT BOX LIKE I HAVE RIGHT NOW WITH HAVING TO BRING IT UP IN TODAY'S STANDARDS, WITH FIRE, PROTECTION, FIRE, ALARMS, AND AND EVERYTHING ELSE, AND ELECTRICAL AND PLUMBING AND SEWER, I MEAN JUST TO REPLICATE WHAT I HAVE WOULD PROBABLY EASILY COST ME LOGITECH: AT LEAST 6 $650,000. LOGITECH: THAT'S JUST FOR THE STRUCTURE. LOGITECH: SO YEAH, WITH WITH BYRON SAYING, HEY, YOU KNOW YOU COULD, YOU COULD. WELL, THERE'S 2 WAYS WE CAN DO THIS, WE CAN INCREASE THE LEASE RATE AND ALSO HAVE THE PERSON THE HANGAR OWNER PAY FOR THE TIME. COMPONENT, TOO. LOGITECH: I WOULD SAY. LOGITECH: LOOK AT BOTH. LOGITECH: NOT JUST ONE. BUT LOOK AT BOTH, BECAUSE AGAIN, ONCE YOU PAY FOR THE TIME COMPONENT YOU STILL HAVE. IF IF IT'S A NICKEL SQUARE. LOGITECH: YOU KNOW OUR COST KEEPS ON GOING UP TO MAINTAIN THE AIRPORT, AND, LIKE YOU SAID, YOU SAID THAT WE'RE IN A $700,000 DEFICIT RIGHT NOW. LOGITECH: SO WE CAN USE THIS TO OUR ADVANTAGE TO ACTUALLY CLEAN UP THE AIRPORT LIKE IT NEEDS TO BE WE. WE MAY EVEN ADD INTO THE POLICY, AS I SIT HERE AND THINK ABOUT IT. WHETHER OR NOT THIS GROUP WANTS TO SORT OF LOGITECH: KIND OF A BENCHMARK OF HOW MANY MONTHS TO MONTHS WE ALLOW. LOGITECH: AND YOU KNOW, ONLY X NUMBER, AND THEN EVERYBODY ELSE HAS TO GET NOTICE THAT, YOU KNOW, HEY? LOGITECH: INTERESTED IN NEW LEASES? THAT ARE MULTI YEAR. BECAUSE IF YOU THINK ABOUT IT. IF YOU HAVE AN ATTRACTIVE LEASE RATE IN YOUR MONTH TO MONTH, THAT'S GREAT, LIKE, YOU KNOW. YOU MAY NOT HAVE THE SURETY YOU GET TO KEEP IT. BUT SO THAT'S A REALLY INTERESTING IDEA. LIKE, WHAT'S THE MAYBE EVERYBODY COULD DOODLE THAT. WHAT'S THE CORRECT AMOUNT OF MONTH TO MONTH OPPORTUNITIES YOU HAVE TO HAVE VERSUS LOGITECH: EVERYBODY ELSE IS ON MULTI YEAR AGREEMENTS. AND YOU COULD HAVE A TIERED, YOU KNOW, LIKE, 10 YEARS AND 20. LOGITECH: OH, YEAH, OKAY, GOOD. I COULD BE BACK WITH YOU. OKAY. LOGITECH: ALRIGHT. GOOD. MATT, YOU WANT TO TALK ABOUT THE PENDING TASKS. SURE. YEAH. PENDING TASKS, THE TASKS I HAVE ON THE LIST. LOGITECH: WE'RE GONNA BE. THE CITY'S HIRED A CONSULTANT TO HELP US WITH MASTER FEE SCHEDULE. SO WE'RE GOING TO BE LOOKING AT THAT AND PO