title
Consider/Discuss/Act on an Ordinance Amending Rates/Fees for City Services
summary
COUNCIL GOAL: Financially Sound Government
(4A: Provide Funding and Organizational Framework to Ensure Continual Economic Improvements)
MEETING DATE: November 19, 2024
DEPARTMENT: McKinney National Airport
CONTACT: Kenneth Carley, A.A.E., Airport Director
RECOMMENDED CITY COUNCIL ACTION:
• Approve the ordinance.
ITEM SUMMARY:
• The attached ordinance details the proposed changes to fees in the Code of Ordinances Appendix A Schedule of Fees. These include:
o Airport Fees
• The new verbiage and rates in the ordinance are in blue and underlined for easier reading. Verbiage and rates to be removed are in red and have been crossed out.
BACKGROUND INFORMATION:
• Establish key deposit and core deposit fees
• Update rates for certain T-hangars
SPECIAL CONSIDERATIONS:
• None
FINANCIAL SUMMARY:
• Establishing key deposit and core deposit fees allows the airport to recover its costs of providing the services and incentivizes the recovery of keys upon lease amendment or termination.
• Updating the rates for certain T-hangars aligns these rates with current market rates at similar airports and FBOs in the region.
BOARD OR COMMISSION RECOMMENDATION:
• N/A