Subject:
Title
Amended Passenger Facility Charge Application #6 form for St. Pete-Clearwater International Airport.
label
Recommended Action:
Recommended Action
Approval and execution by the County Administrator of the amended Passenger Facility Charge (PFC) Application #6 form.
• Granicus Item #22-0804A was approved by the Board of County Commissioners on June 21, 2022.
• The agenda item included Resolution #22-46 authorizing continuation of a $4.50 PFC to be collected by PIE, as well as Application #6, which included the summary of the application on FAA Form 5500.
• On the application summary form in Box 5 (c), there was a Total Estimated PFC Revenue of $6,454,000.00 and in Box 5 (e), there was an Estimated Expiration Date of February 1, 2024.
• During the application process, a draft application was forwarded to the Federal Aviation Administration (FAA) on June 10, 2022 for their comment.
• Comments were received from the FAA on July 8, 2022. They requested that we remove two projects: the Environmental Shoreline Study in the amount of $500,000.00 and the Design of the Passenger Terminal Expansion and Improvements in the amount of $2,325,000.00. Those projects will be included in a future PFC application for FAA approval.
• Removing the $2,825,000.00 from Application #6 leaves $3,629,000.00 for our collection authority and since we will be collecting less PFCs, our date needs to be adjusted to June 1, 2023.
• In order to submit the amended application, the PFC Application form must be amended.
Body
Strategic Plan:
Foster Continual Economic Growth and Vitality
4.4 Invest in infrastructure to meet current and future needs
Summary:
Submitting a new PFC application will ensure that PIE can continue imposing a $4.50 PFC on each enplanement and can continue collection to fund PFC eligible improvements to PIE’s airfield.
PIE has been collecting PFCs since its first application was approved by the FAA in 2008.
Background/Explanation:
The FAA’s PFC program allows the collection of PFC fees up to $4.50 for every enplaned passenger at commercial airports controlled by public agencies. PFCs are capped at $4.50 per flight segment. Airports use these fees to fund FAA approved projects that enhance safety, security, or capacity.
PIE keeps $4.39 of the revenue collected; the remaining $0.11 is retained by the airlines for administrative costs.
PFC applications are collection amount driven, not time driven. We have approximately $1.1M left in collections from Application #5. This means that another PFC application must be submitted approximately 9 months from the new expiration date of June 1, 2023.
Fiscal Impact:
The total PFC revenue to be collected with this amended application is $3,629,000.00, a decrease of $2,825,000.00 from Application #6. The expiration date for this application is anticipated on or about June 1, 2023 based on historical collections. When the application and projects are approved by the FAA in the next few months, the funding sources for the approved projects will be adjusted or programmed in the CIP during the FY23 Budget Development Process to reflect the decrease in anticipated PFC revenue. No negative budgetary impacts anticipated.
Delegated Authority:
Authority for the County Administrator to sign this application is granted under Code Section 2-62 (a)(2) or other delegated authority.
Staff Member Responsible:
Thomas R. Jewsbury, Director, St. Pete-Clearwater International Airport
Partners:
FAA
Attachments:
PFC Application #6 - Form 5500-1 (Amended)
Resolution No. 22-46 - Continuation of a $4.50 PFC at the St. Pete-Clearwater International Airport
PFC Application #6 - Form 5500-1 (Original)