HomeMy WebLinkAboutOrdinance 21901-09-2015 City of Fort Worth,. Texas
Mayor and council communication
COUNCIL ACTION: Approved on 9129/2015 Ordinance No. 21901-09-2015
DATE: Tuesday, September 2 , 2015 REFERENCE NO.: **G-1
LOG NAME: 21 PMD AFWM FISCAL-YEAR 2015 BUDGET
SUBJECT.
Ratify Property Management Budget for Fiscal Year 2015 fort the Alliance Fort Worth Airport Maintenance
Base for Fiscal Year 2015 and Adept Appropriation Ordinance Establishing the Fiscal) Year 2015 Budget
for the Alliance Airport Maintenance Facility Fund (COUNCIL DISTRICT 7)
RECOMMENDATION:
It is recommended that the Qty Council:
1, Ratify the Property Management budget for Fiscal Year 2015 for the Alliance Fort Worth Airport
Maintenance Base by AFWM Services, LLC, Property Manager„ pursuant to City Secretary Contract No.
46423,,, and
2. Adopt appropriation ordinance establishing the Fiscal Year 2015 budget fort the Alliance Airport
Maintenance Facility Fund with total revenues estimated at $6,717,46 .00 an total operating costs of
$3,858,970.00.
DISCUSSION.
On or about February 5, 2015, the Alliance Airport Authority, Inc., transferred ownership of the Alliance
Fort Worth Maintenance Base (Facility) to the City of o Worth as approved by the City Council (M&C IL-
1 4 )
As part oft the transfer of ownership of the Facility, the parties agreed that all contracts and Agreements
relating to the operations, maintenance, property management and leases of the Facility would be
assigned to the City of ort Worth This assignment inclludes the Property Management Agreement (City
Secretary Contract No. 46423) with AFWM Services, LLC.
The Property Management Agreement requires AFWM Services, ILILC, to provide the City of Fort Worth an
operating budget for management of the Facility for each Fiscal Year., The budget is used as a guide for
the actual operational cost on an annual basis.
AFWM Services, ILLC, assumed management of the Facility on February, 5, 2015 and provided a budget
as n estimate of operating expenses for the remainder of Fiscal Year 2015. The budget (Reference
attachment, 2015 AFW Maintenance Base Budget) has been used as a guide for operation oft the Facility
for the remainder of Fiscal Year 2015„
The budget overview for February 5, 2015 to September 30, 2015 consists of total estimated revenues of
$6,717,468.00, less estimated operating costs of$3,656,970.00, resulting in net income of 2,756,496.00.
Lo na : 21. D A.F M FI CAl. YEAR 2015 BUDGET Page I of"2