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HomeMy WebLinkAbout05-17-2012 Airport CommissionIOWA CITY AIRPORT COMMISSION MEETING AGENDA - REVISED AIRPORT TERMINAL BUILDING 1801 S. RIVERSIDE DRIVE IOWA CITY, IOWA THURSDAY, MAY 17, 2012 — 6:00 P.M. 1. Determine Quorum 1 min* 2. Approval of Minutes from the following meetings: 5 min April 19, 2012 3. Public Discussion - Items not on the agenda 5 min 4. Items for Discussion / Action: a. Airport Commerce Park 5 min b. Terminal Building Brick Repair 5 min c. Hangar L 5 min d. FAA/IDOT Projects: AECOM / David Hughes 15 min i. Obstruction Mitigation ii. 7/25 Parallel Taxiway 1. Consider a resolution setting a public hearing on plans, specifications and form of contract for Runway 7/25 Parallel Taxiway Paving and Lighting e. Airport Electrical Rehab f. AOPA Airport Support Network 15 min g. Aviation Authority 30 min h. South Airport Development 15 min i. Airport "Operations" 5 min i. Strategic Plan- Implementation ii. Budget iii. Management j. FBO / Flight Training Reports 5 min i. Jet Air / Care Ambulance 1. Public Hearing 2. Consider a resolution approving ground lease with Jet Air, Inc. ii. Iowa Flight Training k. Consider a motion to adjourn to executive session to discuss strategy with counsel in matters that are presently in litigation or where litigation is imminent where its disclosure would be likely to prejudice or disadvantage the position of the governmental body in that litigation. I. Subcommittee Report 2 min m. Commission Members' Reports 2 min n. Staff Report 2 min 5. Set next regular meeting for June 21, 2012 at 6:00 p.m. 6. Adjourn *The times listed in the agenda are the anticipated duration of that particular agenda item. The actual discussion may take more or less time than anticipated Consider a motion to adjourn to executive session to discuss strategy with counsel in matters that are presently in litigation or where litigation is imminent where its disclosure would be likely to prejudice or disadvantage the position of the governmental body in that litigation. Airport Commission Packet May 17, 2012 Airport Commission April 19, 2012 Page 1 MINUTES IOWA CITY AIRPORT COMMISSION APRIL 19, 2012 — 6:00 P.M. AIRPORT TERMINAL BUILDING Page 2 of 62 DRAFT Members Present: Jose Assouline, Minnetta Gardinier, Howard Horan, Rick Mascari Staff Present: Sue Dulek, Michael Tharp Others Present: Matt Wolford, David Hughes, Eric Scott, Toby Myers RECOMMENDATIONS TO COUNCIL: (to become effective only after separate Council action): NONE CALL TO ORDER: Chairperson Assouline called the meeting to order at 6:02 P.M. APPROVAL OF MEETING MINUTES: Chairperson Assouline asked for approval of the March 15, 2012 minutes. Mascari moved to approve the minutes of the March 15, 2012, meeting as submitted; seconded by Horan. Motion carried 4 -0. Mascari then moved to approve the minutes of the April 5, 2012 meeting as submitted; seconded by Horan. Motion carried 4 -0. PUBLIC DISCUSSION: None. ITEMS FOR DISCUSSION /ACTION: a. South Aviation Development — Mascari asked if there was anything happening here. Horan stated that he wanted to thank Jeff Davidson for the help with the Airport's long - range conceptual planning. Assouline added that they will continue to pursue this planning. b. Airport Commerce Park — Tharp noted that the sale with Deery closed the beginning of April. He added that he has heard they may pick up a couple of option lots. Mascari asked if they could make a request of the realtor to attend Airport meetings in order to give Members an up -to -date report. A brief conversation ensued regarding the frequency that Members would like to see. c. Terminal Building Brick Repair — Tharp stated that the work is progressing, with just a couple of weeks left on the project. He added that the contract end date is June 3, so basically the work is right on target. d. Hangar L — i. Consider a resolution approving a contract with Foth Infrastructure and Environment for construction services — Horan moved approval of Resolution #Al2 -12 for a contract with Foth Infrastructure and Environment for construction services; seconded by Mascari. Motion carried 4 -0. Airport Commission Packet May 17, 2012 Page 3 of 62 Airport Commission April 19, 2012 Page 2 ii. Hangar #71 — 1. Public Hearing — Assouline opened the public hearing. Tharp noted that the overall lease extends for 20 years, with a 5 -year individual term. The tenants will have options for the additional five -year blocks, up to 20 years. He then responded to Members' questions regarding how these leases will work with regard to covering the Airport's debts. Assouline then closed the public hearing. 2. Consider a resolution approving lease for hangar #71 — Mascari moved to approve Resolution #Al2 -13 for a lease for Hangar #71; seconded by Gardinier. Motion carried 4 -0. iii. Hangar #72 — 1 . Public Hearing — Assouline opened the public hearing. Tharp responded to Members' questions, noting any changes in the leases. The discussion turned to subleases under Jet Air and how the Airport handles these. Assouline then closed the public hearing. 2. Consider a resolution approving lease for hangar #72 — Horan moved to approve Resolution #Al2 -14 for a lease for Hangar #72; seconded by Mascari. Motion carried 4 -0. e. Iowa DOT — FY2013 Aviation Grant Program — Tharp requested that this item be moved to later in the agenda, after Item h. f. FAA /IDOT Projects: AECOM /David Hughes i. Obstruction Mitigation — Hughes noted that there are no updates on this. ii. 7/25 Parallel Taxiway — Hughes stated that they have a set of plans almost ready for the FAA's approval. Before they finalize these plans, however, Hughes noted that the Commission needs to discuss the connecting taxiway at Hangar H. Members discussed what they believe to be the best configuration for this. Hughes continued to detail how the pavement projects will progress, further explaining the phases and what should be accomplished in each. Members stressed the importance of keeping the runway closures to a minimum. iii. Airport Electrical Rehab — Hughes then spoke to the electrical rehab projects. This would encompass changing all of the current lighting to LEDs. Hughes continued, briefly explaining what this rehab will cover. It was noted that this project will be done through an informal bid process. g. Airport "Operations ": i. Strategic Plan- Implementation — None. ii. Budget — Tharp stated that the last few months of the fiscal year will be a bit tight due to the projects they have had to undertake, but that there won't be any major problems with this. He added that the farm payments are in now so that makes the account balances look better. iii. Management — Tharp reminded Members that he will be at the Aviation Conference next week in Des Moines. He added that he is working with the Fire Department on some Airport specific training. This will take place the end of May. h. FBO / Flight Training Reports — i. Jet Air / Care Ambulance — Matt Wolford with Jet Air spoke to Members next. He noted that mowing has started up again at the Airport. Wolford Airport Commission Packet May 17, 2012 Page 4 of 62 Airport Commission April 19, 2012 Page 3 continued, noting that Jet Air is doing well. They are booked through next Tuesday on their charter flights. Airplane sales are still going well, according to Wolford. The Care Ambulance service is also doing well and may have 24 -hour call service soon. Gardinier noted her good experience with Jet Air and the recent engine installation in her plane. 1. Mascari moved to consider Resolution #Al2 -15 setting a public hearing on a ground lease with Jet Air Inc. for the May, 2012 Airport Commission meeting; seconded by Horan. Motion carried 4 -0. 2. Tharp spoke about the snow removal contract and the janitorial contract under consideration this evening. He explained how the contracts have been handled and how a change has been made to the timelines. Tharp briefly touched on the changes to this contract, stating that it will go for three years. Gardinier addressed the issue of a `checklist' that could be used, especially for those odd items that don't need addressed on a regular basis. Jet Air will look into this issue. She also brought up the issue of the restroom and some needed maintenance there. Tharp noted that he will work with Jet Air on this. Mascari moved to consider Resolution #Al2 -16 approving a contract for snow removal, grounds keeping, and maintenance services with Jet Air Inc.; seconded by Gardinier. Motion carried 4 -0. 3. Gardinier moved to consider Resolution #Al2 -17 approving a contract for janitorial services with Jet Air Inc.; seconded by Horan. Motion carried 4 -0. ii. Iowa Flight Training — Horan noted that he had a couple of flights recently. He added that IFT appears to be doing well and will be adding an instructor. e. Iowa DOT — FY2013 Aviation Grant Program — Tharp noted that as part of the ground lease agreement, the Airport Commission is going to offer to build the taxiway for Hangar L. The best way to handle this project, according to Tharp, is to apply for a State grant. Applications are due in about two and a half weeks. The second application will be to redo the flat roofs on the Care Ambulance building and the Terminal building. Total application package will be about $200,000. Tharp then responded to Members' questions regarding these projects. i. Subcommittee Reports — L Review assignments — Tharp noted that this would be the time to make changes to subcommittee assignments. Mascari asked if they could have page numbers on the packet, so it would be easier to find things. Gardinier stated that she would like to see them organize a bar -b -que type event at the Airport. This would be a good way to get people out to the Airport. The discussion continued, with Members agreeing that the subcommittee should come up with a plan for this event. j. Commission Members' Reports — Horan noted problems with the fuel tanks and a possible warranty on the paint. He stated that there is rust coming through. He added that he has passed the 25 -hour mark in his flight hours now. Assouline noted that he has been trying to get in touch with Jeff Davidson at City Hall, and that once he does he will report back to the Members. k. Staff Report — Tharp noted that his new office furniture will be arriving soon. Airport Commission Packet May 17, 2012 Page 5 of 62 Airport Commission April 19, 2012 Page 4 SET NEXT REGULAR MEETING FOR: The next regular meeting will be Thursday, May 17, 2012, at 6:00 P.M. at the Airport Terminal building. ADJOURN: The meeting adjourned at 7:27 P.M. Mascari made the motion to adjourn the meeting at 7:27 P.M.; seconded by Horan. Motion carried 4 -0. CHAIRPERSON DATE Airport Commission April 19, 2012 Page 5 Airport Commission Packet May 17, 2012 Page 6 of 62 Airport Commission ATTENDANCE RECORD 2012 Key: X = Present X/E = Present for Part of Meeting O = Absent O/E = Absent/Excused NM = Not a Member at this time TERM 0 0 0 0 0 0 N W � Cn NAME EXP. m rn Cn 0 Cn m N N N N N N 03101113 X X X X X Rick Mascari 03101114 X X X X X Howard Horan Minnetta 03101115 X X X X X Gardinier Jose 03102112 O/E X X X X Assouline Key: X = Present X/E = Present for Part of Meeting O = Absent O/E = Absent/Excused NM = Not a Member at this time r Comme m '.T' t.ate Serv1— C—P Airport Commission Packet May 17, 2012 Marketing Services Report May 9, 2012 Skogman Realty 2530 Corridor Way, Suite #302 Coralville, Iowa 52241 Prepared by: Jeff Edberg, CCIM, SIOR, green Prepared for: Assouline, Jose Tharp, Michael Email: Michael- Tharp @iowa- city.org Property: Ruppert Road, Iowa City- MASTER FILE Flyer: www. icrealestatetours. com /FlyerPDFs /RuppertRdLots.pdf Virtual Tour: Pro - Forma: PW: http : / /lt9ruppertrd.skogman.com/ Iowa City MLS: 20110622 Cedar Rapids MLS: 4/27/2012: Advertised in PC Real Estate Guide. 4/13/2012: Advertised in PC Real Estate Guide. 4/2/2012: Closing on Lot 16 & 17 4/2/2012: Ordered sign to be moved 3/30/2012: Advertised in PC Real Estate Guide. 3/16/2012: Advertised in PC Real Estate Guide. 3/2/2012: Advertised in PC Real Estate Guide. 3/1/2012: Advertised in printed In -Sites Magazine 2/24/2012: Advertised in PC Real Estate Guide. 2/10/2012: Advertised in PC Real Estate Guide. 1/30/2012: Submitted to In -Sites Publication for print magazine Page 7 of 62 1100686 Airport Commission Packet May 17, 2012 Page 8 of 62 1/27/2012: Advertised in PC Real Estate Guide. 1/18/2012: Presented to possible tenant for retail / service location 1/13/2012: Advertised in PC Real Estate Guide 12/30/2011: Advertised in PC Real Estate Guide. 12/16/2011: Advertised in PC Real Estate Guide. 12/2/2011: Advertised in PC Real Estate Guide. 11/25/2011: Advertised in PC Real Estate Guide. 11/18/2011: Signed Offer to Purchase Lot 16 & 17 11/11/2011: Advertised in PC Real Estate Guide. 10/28/2011: Advertised in Press Citizen Real Estate Guide. 10/26/2011: Advertised in 10/14 Press Citizen Real Estate Guide. 10/3/2011: Advertised in 9/30 Press Citizen Real Estate Guide. 9/30/2011: Jeff working with client on LOI for lot 16. 9/16/2011: Advertised in 9/16 Press Citizen Real Estate Guide. 9/15/2011: Submitted Lot information to prospective Buyer. 8/30/2011: Submitted for ad in 9/2/2011 Press Citizen Real Estate Guide. 8/19/2011: Advertised in Press Citizen Real Estate Guide. 8/8/2011: Listings advertised in 8/5/2011 Press Citizen Real Estate Guide. 7/29/2011: Submitted for ad in August Insights magazine. 7/26/2011: Call from Cedar Falls developer wanting the lot, site prep and grading done for free by the City. 7/19/2011: Listings to be advertised in 7/22/2011 Press Citizen Real Estate Guide. 7/11/2011: Listings advertised in 7/8/2011 Press Citizen Real Estate Guide. 7/6/2011: Attend June Commission meeting 6/24/2011: Listings advertised in Press Citizen Real Estate Guide. 6/14/2011: met with a client regarding building on the airport lots. Airport Commission Packet May 17, 2012 6/10/2011: Lots advertised in Press Citizen Real Estate Guide. 6/1/2011: Lots advertised in Press Citizen Real Estate Guide. 5/9/2011: Updated MILS, flyer, commence with Leasing data Page 9 of 62 5/1/2011: These new marketing reports reflect showings, advertising and significant marketing events for your listing. They will be sent monthly to help you stay in touch with the marketing progress we're making. We have started these reports on 5 -1 -2011, so no activity prior to that date will be reflected, but everythng after that date will be. Thank you for your assignment! January 10, 2011 Attend City Council meeting for approval of listing Agreement January 18, 2011 Obtain sales comparables for lots from, appraiser. Review legal records for Airport lots. January 19, 2011 Meet Howard Horan and Michael Tharp at airport conference room for briefing on Airport History January 20, 2011 Attend Airport Commission Meeting. January 21, 2011 Meet Tom Marcus, Sue Dulek, Dale Henning, Wendy Ford, Howard Horan and Michael Tharp at City Manager's conference room for progress meeting. January 22, 2011 Install site signs. January 23, 2011 Receive sign call on lot 17, 16. Make appointment to spec out building for Dog Care business. January 29, 2011 Meet client and builder to plan a building on lot 17. Will meet again next week. February 9, 2011 Met client, went over building plans. Will meet lender next week and prepare purchase offer. February 11, 2011 Submit information on lots to Insites Magazine. February 17, 2011 Submit information to Press Citizen for Real Estate Guide Back Cover February 17, 2011 Call client regarding next meeting with lender. Client had surgery. February 17, 2011 Commission meeting. February 22, 2011 Promote site to potential industrial client March 4, 2011 New Real Estate Guide came out with ad on back cover Airport Commission Packet May 17, 2012 Page 10 of 62 March 9, 2011 Offer lot to industrial client for warehouse operation. March 10, 2011 Commission meeting. March 11, 2011 New Real Estate Guide came out with ad on back cover. March 15, 2011 Contacted party interested in lot 16, made an appointment to meet at their lender to pursue the financing on a building and an offer on lot #16. March 15, 2011 prepared and sent a new schedule for leasing rates to City and Commission. March 18, 2011 New Real Estate Guide came out with ad on back cover March 25, 2011 New Real Estate Guide came out with ad on back cover March 31, 2011 New Real Estate Guide came out with ad on back cover April 7, 2011 New Real Estate Guide came out with ad on back cover April 14, 2011 New Real Estate Guide came out with ad on back cover April 14, 2011 Commission meeting. April 15, 2011 Contacted dog business and suggested a lease scenario. They said they would consider it. I'll follow up. April 21, 2011 New Real Estate Guide came out with ad on back cover April 29, 2011 New Real Estate Guide came out with ad on back cover Airport Commission Packet May 17, 2012 Page 11 of 62 Prepared by: Michael Tharp, Operations Specialist: 1801 S. Riverside Dr. Iowa City, 1A 52246 (3 19) 350 5045 RESOLUTION NO. RESOLUTION SETTING A PUBLIC HEARING ON JUNE 21, 2012 FOR THE PLANS, SPECIFICATIONS, FORM OF CONTRACT, AND ESTIMATE ON COST FOR THE CONSTRUCTION OF "RUNWAY 7/25 PARALLEL TAXIWAY PAVING AND LIGHTING" PROJECT, AND DIRECTING CITY CLERK TO PUBLISH NOTICE OF SAID HEARING, AND DIRECTING THE CHAIRPERSON TO PLACE SAID PLANS ON FILE FOR PUBLIC INSPECTION BE IT RESOLVED BY THE AIRPORT COMMISSION OF THE CITY OF IOWA CITY: 1. That a pubic hearing on the plans, specifications, form of contract, and estimate of cost for the construction of the above - mentioned project is to be held on the 21 st day of June, 2012 at 6:00p.m. iln Iowa City Airport Terminal Building, 1801 S. Riverside Drive, Iowa City, Iowa, or if said meeting is cancelled, at the next meeting of the Airport Commission thereafter as posted by the City Clerk. 2. That the City Clerk is hereby authorized and directed to publish notice of the public hearing for the above -named project in a newspaper published at least once weekly and having a general circulation in the City, not less that four (4) nor more than twenty (20) days before said hearing. 3. That the copy of plans, specifications, form of contract, and estimate of cost for the construction of the above -named project is hereby ordered placed on file by the Chairperson in the office of the City Clerk for public inspection Passed and approved this day of 2012. CHAIRPERSON ATTEST: SECRETARY Approved By: City Attorney's Office Assouline Gardinier Horan Mascari Airport Commission Packet l t l May 17, 2012 Page 12 of 62 C I T Y OF IOWA C I T Y MEMORANDUM Date: May 14, 2012 To: Airport Commission From: Operations Specialist Re: Agenda Item - Aviation Authority The information accompanying this memo is meant to provide sufficient background information to allow the Commission to begin to examine the role of an aviation authority board vs. the airport commission in the management of the Iowa City Municipal Airport. There would be a number of steps to complete should there be a desire to change the organizational management structure currently in place. Airport Commission Packet May 17, 2012 Page 13 of 62 Iowa City Municipal Airport Aviation Authority Summary of Issues Question(s): What is an Aviation Authority? How is it different from an Airport Commission? Background Information: Airport Commission duties: "To exercise all the powers granted to cities and towns under Chapter 330 of the Code of Iowa, except the power to sell said airport. To annually certify the amount of taxes within the limitations of the Statutes of the State of Iowa to be levied for airport purposes." http: / /www.iowa- city. org/ icgov /apps/boards /members.asp ?id =1 The Iowa City Airport Commission manages the Iowa City Municipal Airport. The Airport Commission consists of five members appointed by the City Council. Current Operations: The Iowa City Airport Commission employs one employee (Airport Operations Specialist). Grounds keeping, building maintenance, and snow removal services are contracted out. Current Commission Powers: The Iowa City Airport Commission is responsible for budgeting, maintaining, and operating the Iowa City Municipal Airport. The Airport Commission does not have the power to buy or sell land, levy taxes, or sell bonds. Budget: The annual operations budget is approximately $400,000. The Capital Improvements budget varies based on FAA and State grant awards, but generally is approximately $1.5 -2.5 million per year. Fiscal Support: The Iowa City Municipal Airport relies on funding from the City of Iowa City to provide support for the operations budget as well as the matching funds for FAA and Iowa DOT grant awards. Funds for use by the Iowa City Airport Commission are adopted annually by the Iowa City Council as part of the city budget. Use of other City Departments: The Iowa City Municipal Airport Commission receives assistance from other city departments for a number of essential services. Finance staff assists in multiple areas such as budget preparation, payroll, accounts payable /receivable, grant management; the City Attorney's Office staff assists in legal matters. Equipment maintenance schedules and replacements maintained through the Iowa City Equipment Division. Termination: State law provides that a Commission can only be abolished by vote of the citizens. The Commission would need to be abolished before an Authority could be created. Aviation Authority: Powers of the Authority: The powers of the Aviation Authority are granted under state code (Chapter 330A). Airport Commission Packet May 17, 2012 Page 14 of 62 Powers Specific to Aviation Authorities: Unlike an Airport Commission, an Aviation Authority has the power to levy an aviation tax on the supporting tax base (state code sets current rate cap to $.27/1000 valuation). The Aviation Authority also is empowered to issue Aviation Revenue Bonds (similar to other city revenue bonds). Bonds can be sold for any aviation related project or for use as matching funds in FAA or State grant programs. The Aviation Authority is a fully autonomous organization. The Aviation Authority also has its own powers to buy /sell land for airport use as well as the authority to exercise eminent domain. Creation: The Authority is created by a resolution and an ordinance of the appropriate governing bodies that desire to join the Authority (city councils, board of supervisors, etc.) Budget/Funding /Expenses: The Authority would most likely need to provide its own budget, personnel, payroll, accounts receivable, and other services. It is unknown whether any of the jurisdictions would provide these services given that the Authority has the right to levy taxes. Most likely no jurisdiction would offer its legal services due to potential conflicts of interest. The Aviation Authority would have to hire bond counsel (attorneys specializing in the area of public bonds) as no local jurisdiction has that expertise in- house. Aviation Authority Creation Scenarios: (Most likely scenarios for the creation of an Aviation Authority; not a complete list) this is created with the assumption that any aviation authority board would be comprised of representatives from the jurisdictions that would be a part of it. 1) The Iowa City Airport Authority: The Iowa City Airport Commission is converted into an aviation authority. Authority Board members remain residents from the City of Iowa City 2) The Iowa City /Johnson County Airport Authority: This scenario would anticipate that the Aviation Authority boundaries expand beyond Iowa City and would include other jurisdictions within Johnson County. Authority Board members appointed from the representative jurisdictions that join the Authority. Each jurisdiction appoints their representatives 3) The Iowa City /Cedar Rapids Aviation Authority: This scenario would anticipate a regional effort to combine the management of the Eastern Iowa Airport and Iowa City Municipal Airport by a single Aviation Authority. This partnership should be similar to other Commercial /GA reliever partnerships around the country. Authority Board members appointed from the representative jurisdictions that join the Authority. Each jurisdiction appoints their representatives Airport Commission Packet May 17, 2012 Page 15 of 62 Iowa Airport Authorities: Audubon County Airport Authority Members: Audubon, Audubon County Cherokee Aviation Authority Members: Cherokee, Cherokee County Council Bluffs Airport Authority Members: Council Bluffs Des Moines International Airport Authority Member: Des Moines Guthrie County Regional Airport Authority: Members: Guthrie County, Guthrie Center, Panora, Yale Iowa Falls Municipal Airport Authority Members: Iowa Falls North Cedar Aviation Authority Members: Charles City, Floyd County Polk County Aviation Authority: Members: Ankeny, Polk County, Altoona, Bondurant Southeast Iowa Regional Airport Authority (SIRAA): Members: Cities of Burlington and West Burlington, Des Moines County Winterset Airport Authority Members: Winterset West Metro Aviation Authority — established for new airport Members: Adel N (fl O (fl N rn (6 IL Y U (6 IL O N N E N 0 oN Q Q 75 N O N 1 0 N W 0 C b�A U d t O LL a U O O O 01 O O O N p oo vi vi N o� sNS ° m a ss ry (r Y U m N O N V 0 0 0 00 o� o I- I- � o o� N N a 0 0 � O o� N N a oNi � o°o oNi � N N N Noho O N a O 00 17 7 N � O � m C N � N m � U O m E - O .- (D .� C N C) 2 Q .4 6 U d N _ 6 .- Y p Q N 6 U w X (r 6 C M N 6 O N O W C N ds M o a ° m °_' O t N Y O U U U N Q � L C Q Q Q LLI F C_ E P. C d U 0 Fo- N N N N N N O O O O O O N N N N N N N V V V V V V V � V V 7 � Q LU O U Q o) U 'O. v N O N V 0 0 0 00 o� o I- I- � o o� N N a 0 0 � O o� N N a oNi � o°o oNi � N N N Noho O N a O 00 17 7 N � O m m N N X N O W o Q � L C o C_ E P. C d U 0 Fo- U N U N O � Q LU Q o) 'O. v C a Airport Commission Packet May 17, 2012 KQVB: 05.10.12 11:35:10 Method: ] Page 1rof 62 Page: I Iowa City General Ledger System BY 3012 Revenue Reporting For the p8ciO8 04.01.12 to 04.30.12 Estimated YTD Period &CC0uDt Revenue Revenue Revenue Remainder � ''''- ------'-------------'--------------' ---'---' '-----' ------------ -'- --'' ''-- 7608 Airport OTHER MIGC REVENUE 369100 Deimb of 008os88 3155.52 3080.52 '3155.52 Total OTHER MI3C RQYQ0O0 INTEREST DQVQND&Q 381100 Interest on Investments Total I0TD883T REVENUES RENTS 382100 6dDd Rental 382200 Building/Room Rental Total RENTS ROYALTIES & COMMISSIONS 384280 Vending Machine Comm 384908 Other Commissions Total ROYALTIES & COMMISSIONS D&L8 OF &88DTS 392100 Sale of Land 392300 Sale of Equipment Total SALE OF ASSETS TRANSFERS TRANSFERS FROM GOVERNMENTAL ACTIVITIES ]9]120 General Levy Total TR&0CFODG FROM QOV880NO0T&L ACTIVITIES Total TRANSFERS Total Airport **' GRAND TOTAL m* ------------ ------------ ------------ 3155.52 08O.52 ------------ -3155.52 ------ 600.00 911.87 172.60 '311.87 151.98 ------ ------ 600.00 011.0 ------ 172.60 ------ '311.87 --- 151.98 41968.00 42000.07 1000.00 '32.07 100.08 231842.00 101133.00 18318.00 40710.00 82.44 ------ ------ 27010.00 23]1]2.07 ------ 19318.0O ------ 40677.93 --- 85.14 83.00 93.60 7.20 '10.60 112.77 28000.00 21361.00 2391.V0 '1361.00 106.01 ------ ------ 20083.00 21454.68 ------ 2398.20 ------ '1371.60 --- 106.0 400000.00 400008.08 -400000.00 747.45 -747.40 ------ ------ 400747.45 ------ 400000.00 ------ '400747.45 --- 100000.00 8338.30 033.33 16666.70 83.]] ------------ ------------ 100000.00 ------------ 8]3]3.30 8333.8 ------------ 16666.70 ------ 83.33 ------ ------ 180001.80 ------ 8]333.]0 8]]].]3 ------ 16666.70 --- 83]] ------------ ------------ 394493.00 ------------ 742734.81 03302.65 ------------ '348241.81 ------ 18828 ------ ------ 39440.00 ====== ====== 74284.81 ------ 4]]302.65 ======= ------ '348241.81 ======= --- 188.28 === QXDD; 85.10.12 11:34:41 Method: l Airport Commission Packet May 17, 2012 Iowa City General Ledger System PT 2012 ExoGDG8 D8VOItiDg For the period 84.01.12 t0 04.30.12 Page 1eof 62 Ba«e: 1 YTD Period 8cCUVDL Appropriated Expenditures Expenditures O4CnmbIanC8 Balance If Used -------------- ---------------------------------------- 7600 Airport ------------ ------------ ------------ ------------ ------------ ------ AIRPORT 560100 Airport Operations SALARIES & WAGES REGULAR G&L&RIQC 6 0A8O8 411000 Perm Full Time 1.00 1.00 412008 Perm Part Time 36318.08 29070.80 2668.80 7300.08 7933 413000 Temporary Employees 520.00 -------- 381.50 63.00 138.50 73.37 Total REGULAR 8AL&DIDG 6 WAGES 36891.00 ------- 29451.50 ---'--' '''----- 2731.80 -----'--' 7439.50 --'' 79.0 OTHER W&8DD 414500 Longevity Pay 244.08 ------- 243.75 .%S 99.90 Tot8l OTHER WAGES 244.00 --'---- 243.75 ------ ----'-' ------------ .25 ------ 89.90 Total SALARIES & W&Q0G ------------ 37135.00 ------------ 29695.25 ------------ ------------ ------------ 2731.88 7439.75 ------ 79.97 EMPLOYEE BENEFITS GROUP INSURANCE 421100 Health Insurance 3598.00 3298.28 329.82 399.80 91.67 421200 O8DtVl Insurance 232.00 193.20 19.32 38.80 83.28 421308 Life Insurance 79.00 75.08 7.8 3.92 95.04 421400 Disability Insurance 176.00 137.42 13.88 38.58 78.08 Total GROUP INSURANCE -'-'-'-- 4085.00 -''---' 3703.90 -'----' -''----' ------------ 370.55 381.10 ------ 90.67 SOCIAL SECURITY CONTRIBUTIONS 422100 FICA 2841.00 2182.58 200.06 658.43 76.82 Total SOCIAL SECURITY CONTRIBUTIONS -'--''-- 2841.00 ------------ 3182.58 -----'' ------------ 280.06 -----'- 658.42 -'-- 76.82 BDTIBQ0B0T CONTRIBUTIONS 423100 IPQDG 2997.00 2356.45 220.46 600.55 79.116 Total BOTIDDMD8T CONTRIBUTIONS ------------ 2997.00 ----'-' 2396.45 ------'- ------------ 220.46 --'---- 600.55 -- '' 79.96 'iota! DM9LGYDQ BDBDFI7G ------ 9923.00 ------ 828].9] ------ ------ 791.07 ------ 1640.07 --- 83.0 Airport Commission Packet May 17, 2012 OKDK: 85.10.12 11]4:41 Method; 1 Page 19 of 62 Page: 2 Iowa City General Ledger System FY 2012 8xoeOU8 Reporting For the period 04.01.12 to 04.30.12 Y7D Period Account &U0I0gIiat8d Expenditures Expenditures 8nxu0hlaDCe Balance IW Used '' '''''''-'''''--''-- ''''--'--'''-'''''''--- --''' -' -'''-''--'-' ------------ -'''''--'''' ------------ '-'---'-''-' ------ 7600 Airport (CONTINUED) AIRPORT (CONTINUED) 560100 Airport Operations (CONTINUED) PROFESSIONAL & TECHNICAL GD8VICD3 OFBICIAL/8DHINGTR&TIVQ GD8VIC&8 431020 Court Costs & Ggrnicou 78.00 -17.00 78.00 Total OFFI INSTD&TD0 SERVICES PROFESSIONAL SERVICES 432020 8uOoul Audit 432050 Appraisal 88Tvi:8G 432088 Other Professional Services Total PROFESSIONAL SERVICES DATA AND COMMUNICATION SERVICES 435056 Delivery 88zviCe8 435057 Couriers 435060 Legal Publications Total DATA AND COMMUNICATION SERVICES TRAINING k EDUCATION 436030 Transportation 436050 Registration 436060 Lodging 436070 Miucollaonous Travel Expense 436080 Meals Total TRAINING &EDUCATIO0 INDDB&0CD 437010 Comp Liability Insurance 437020 Fire & Casualty Insurance 437030 Worker's Comp ID8Ur8DC8 437041 Bonding & Other Insurance 437300 Loss Reserve Payment Total INSURANCE ------------ ------------ 78.00 ------------ ------------ '17.00 ------------ 78.00 ------ 1203.00 347.24 854.76 38,89 400.08 '400.00 56.63 56.63 '56.63 ------ ------ 1202.00 ------ ------ 803.87 56.63 ------ 398.13 --- 66.88 52.UO 13.70 0.30 26.35 85.00 85.00 98.00 26.50 71.50 27.84 ------ ------ 235.00 ------ ------ 40.20 ------ 194.80 --- 17.11 700.00 122.10 577.90 17.44 400.00 225.00 175.00 56.25 500.00 231.62 268.38 46.22 30.00 -30.00 200 .00 50M 150.00 25.00 ------ ------ 1800.80 ------ ------ 658.72 ------ 1141.28 --- 36.60 4148.00 3950.00 198.00 95.23 12745.00 7153.00 5592.00 56.12 36.00 45.00 '9.00 125.00 901.00 875.00 26.0O 97.11 5150.00 5150.08 100.00 ------------ ------------ 22980.00 ------------ ------------ 17173.00 ------------ 5887.08 ------ 74.73 EXPE: 05,10.12 11:34:41 Method: 1 Airport Commission Packet May 17, 2012 Iowa City General Ledger System FY 2012 Expense Reporting For the period 04.01.12 to 04.30.12 Page 20 of 62 Page: 3 Total PROFESSIONAL & TECHNICAL SERVICES REPAIR & MAINTENANCE BUILDING REPAIR & MAINTENANCE SERVICES 442010 Other Building Repair & Maintena 442020 Structure Repair & Maintenance S 442030 Heating Equipment Repair & Maint 442040 Cooling Equipment Repair & Maint 442060 Electrical & Plumbing Repair & M 442070 Bldg Pest Control Services Total BUILDING REPAIR & MAINTENANCE SERVICE EQUIPMENT REPAIR & MAINTENANCE SERVICES 443050 Radio Equipment Repair & Mainten 443060 Telecom Equipment Repair & Maint 443080 Other Equipment Repair & Mainten Total EQUIPMENT REPAIR & MAINTENANCE SERVIC TECHNICAL SERVICES 445030 Nursery Service-Lawn and Plant C 445080 Snow and Ice Removal ------------ ------------ 58124.00 ------------ 46293.53 YTD Period - - - - -- 719,65 12085,00 Account Appropriated Expenditures Expenditures Encumbrance Balance I Used - - - -- ------------------------------------------------------- 7600 Airport (CONTINUED) ------------ ------------ ------------ ------------ ------------ 915.00 - AIRPORT (CONTINUED) 61.00 1000.00 813.32 186.68 560100 Airport Operations (CONTINUED) 1000.00 3808.13 -2808.13 380.81 PROFESSIONAL & TECHNICAL SERVICES (CONTINUED) 339.50 33.95 79.50 81.03 ------------ ------------ 21004.00 UTILITY SERVICES ------------ 1734.95 ------------ 3658.88 - - - - -- 82.58 283.00 1127.414 439010 Stormwater Utility Charges 7104.00 7891.10 789,11 -787.10 111.08 438030 Electricity 12903.00 12804.66 1133.84 98.34 99,24 438070 Heating Fuel/Gas 6489.00 4051.24 118.53 2437.716 62.43 438080 Sewer Utility Charge 1654.00 917.51 183.02 736.49 55.47 438090 Water Utility Charge 1454.00 905.20 158.27 548.80 62.26 438100 Refuse Collection Charges 125330 1004,00 97.00 249.00 80.13 438110 Local Phone Service 907.00 907.00 438120 Long Distance Service 65.00 ------------ 44.03 ------------ 5,17 ------------ ------------ ------------ 20A7 67.74 - - - - -- Total UTILITY SERVICES 31829.00 27617.74 2484.94 4211.26 86,77 Total PROFESSIONAL & TECHNICAL SERVICES REPAIR & MAINTENANCE BUILDING REPAIR & MAINTENANCE SERVICES 442010 Other Building Repair & Maintena 442020 Structure Repair & Maintenance S 442030 Heating Equipment Repair & Maint 442040 Cooling Equipment Repair & Maint 442060 Electrical & Plumbing Repair & M 442070 Bldg Pest Control Services Total BUILDING REPAIR & MAINTENANCE SERVICE EQUIPMENT REPAIR & MAINTENANCE SERVICES 443050 Radio Equipment Repair & Mainten 443060 Telecom Equipment Repair & Maint 443080 Other Equipment Repair & Mainten Total EQUIPMENT REPAIR & MAINTENANCE SERVIC TECHNICAL SERVICES 445030 Nursery Service-Lawn and Plant C 445080 Snow and Ice Removal ------------ ------------ 58124.00 ------------ 46293.53 ------------ 2524.57 ------------ 11830.47 - - - - -- 719,65 12085,00 8593.24 1651.00 3491.76 71.11 5000.00 287533 50.00 2124.07 57.52 1500.00 915.00 585.00 61.00 1000.00 813.32 186.68 81.33 1000.00 3808.13 -2808.13 380.81 419.00 339.50 33.95 79.50 81.03 ------------ ------------ 21004.00 ------------ 17345.12 ------------ 1734.95 ------------ 3658.88 - - - - -- 82.58 283.00 1127.414 -844.42 398.38 454.00 454.00 5898.00 2196.42 247.00 3701.58 37,24 ------------ ------------ 6635.00 ------------ 3323.84 ------------ 247.00 ------------ 3311,16 - - - - -- 50,10 37080.00 27000.00 4500.00 18540.00 18000.00 10080.00 72.82 540,00 97.09 EXPE: 05.10.12 11:34:41 Method: 1 Airport Commission Packet May 17, 2012 Iowa City General Ledger System FY 2012 Expense Reporting For the period 04.01.12 to 04.30.12 Page 21 of 62 Page: 4 YTD Period Account Appropriated Expenditures Expenditures Encumbrance Balance 'i Used ------------------------------------------------------- 7600 Airport (CONTINUED) ------------ ------------ ------------ ------------ ------------ - - - - -- AIRPORT (CONTINUED) 560100 Airport Operations (CONTINUED) REPAIR & MAINTENANCE (CONTINUED) TECHNICAL SERVICES (CONTINUED) 445110 Testing Services 850.00 595.00 255.00 70.00 445140 Outside Printing 127,00 127.00 Total TECHNICAL SERVICES ------------ 56597.00 ------------ 45595.00 ------------ ------------ ------------ 4500.00 11002.00 - - - - -- 80.56 INTRA-DEPARTMENT SERVICES 446100 City Attorney Chargeback 5233.00 4674.35 558.65 89,32 446130 ITS -PC /Peripheral Support Charge 400.00 1082.00 198.00 -682.00 270,50 4461-40 ITS-Computer Replacement Chargeb 517.00 747.52 101.42 -230,52 144,59 446150 ITS-Application Development Fee 1752,52 198.00 -1752.52 446160 ITS-Network/Internet Chargeback 360.00 450.00 60.00 -90.00 125.00 446200 Photocopying Chargeback 231.00 135.00 8.70 96.00 58.44 446220 Phone Service Chargeback 692.00 85536 82.29 -163,96 123.69 446300 Phone Equipment/Line Chargeback 1020.00 925.00 92.50 95.00 90,69 446320 Mail Chargeback 529.00 247.51 5.46 281.49 46.79 446350 City Vehicle Replacement Chargeb 1439730 13661.20 1363.72 735.80 94.89 446360 City Vehicle Rental Chargeback 500,00 308.21 191.79 61.64 446370 Fuel Chargeback 3669.00 2687.72 476.62 981.28 73.25 446380 Vehicle Repair & Maintenance Cha 15132.00 14621.24 2137.42 510.76 96.62 446390 Auto Body Repair Chargeback 224.00 224.00 Total INTRA-DEPARTMENT SERVICES ------------ 42904.00 ------------ 42148,23 ------------ ------------ ------------ 4724.13 755.77 - - - - -- 98.24 MISCELLANEOUS SERVICES & CHARGES 449055 Permitting Fees 65.60 65.00 100.00 449360 Dues & Memberships 675.00 1175,00 -500.00 174.07 449120 Equipment Rental 754,00 446.00 308.00 59.15 449350 Meals (non-travel) 38.46 -38.46 449360 Interest Expense 60060,00 48231,00 4823,10 11829.00 80.30 Total MISCELLANEOUS SERVICES & CHARGES ------------ 61554.00 ------------ 49955,46 ------------ ------------ ------------ 4823.10 11598.54 - - - - -- 81.16 Total REPAIR & MAINTENANCE ------------ 18869430 ------------ 158367.65 ------------ ------------ ------------ 16029.18 30326.35 - - - - -- 83,93 EXPO: 05]0.12 11:34:4I Method: 1 Airport Commission Packet May 17, 2012 Iowa City QGORIal Ledger e0 BY 2012 Expense Reporting For the 0mriOd 04.01.12 to 04.30.12 Page uuof 62 Page: 5 YTD Period Account Appropriated Expenditures BrDeDditVr88 EncDm8smCV ------ ------ Balance ------ 0 Used --- ---------------------------' 7600 &iro8rt (CONTINUED) ------ ------ AIRPORT (CONTINUED) 560108 Airport DD8ra±i0nG (CONTINUED) OTHER PURCHASED SERVICES (C8&0AQ TO OFFICE GU QD0QQ&L SUPPLIES 452010 Office Supplies 577.00 571.87 5.13 99.11 452030 Minor Office Equipment/Furniture 279.97 '279.97 Total GENERAL SUPPLIES ------------ 577.00 ------------ 851.84 '-'''-'--''' ------------ ------------ '274.84 ------ 147.63 BOOKS 6 PERIODICALS 454010 Reference Materials & B0ObS 16.80 16.00 454030 Subscriptions 2099.00 546.00 1553.80 26.01 Total BOOKS G PERIODICALS -'----- 2115.00 ---'---- 546.08 ------------ -----'- ------ 150.00 --- 25.82 COMPUTER 6 PRINTING SUPPLIES 455120 Niuc Computer Hardware 2608.00 2154.91 445.00, 82.88 Total COMPUTER 6 PRINTING SUPPLIES 2600,00 ______ 2154.91 _________ _______ _____ ___ 445.09 ______ 82.88 Total OTHER gUDC8A8QU SERVICES (CHANGE TO OFF ------------ 5292.00 ------------ 3552.75 ------------ --------- _ ------ ----- 1739.25 ------ 67.13 ODDR8YI0Q SUPPLIES AGRICULTURE SUPPLIES 461030 Plants & Trees 000.00 3008.00 461040 Other Agriculture Chemicals 1580.00 100.00 Total AGRICULTURE SUPPLIES '----'- 4500.00 ---'''-- ------ ''------ --'--'- 4500.00 ----' REPAIR & MAINTENANCE SUPPLIES 466030 Paint Ounuli8G 23.00 23.00 466040 Plumbing Supplies 20.88 '20.88 466050 Electrical Supplies 1066.00 80.77 251.8 207.23 80.56 466060 Other CVuDLrnCtloo 8ogDlie8 119.00 119.08 466070 Other Maintenance Supplies 200.08 737.20 5.]] -537.20 368.60 Total REPAIR 6 N&I0TD0A0CD GOgD6IO3 '--'--- 1408.00 ----'-- 1616.85 ------' ---'--- 256.47 ------- -208.85 '''- 114.0 Airport Commission Packet May 17, 2012 DX9D: 05.10.12 1I:34:41 Method: l Page uaof 62 Page: 6 Iowa City General Ledger System FY 2012 DxyooGe Reporting For the period 04.01.12 to 04.30.12 YTD Period Account Appropriated Expenditures DoD8ndituI8B DOcu0UraDOR Balance t Used - --- --'---''------'------------ --''---- -----' ------------ ------------ ---------'-- 7600 Airport (CONTINUED) AIRPORT |CO0TINU8D) 560108 Airport Operations (CONTINUED) OPERATING SUPPLIES (CONTINUED) Q0OIQNDNT REPAIR & MAINTENANCE SUPPLIES 467160 Other Vehicle Repair 6 MaiuLenau 58.02 8.82 '58.02 Total EQUIPMENT 8DQAI8 & MAINTENANCE SUPgLI SURFACING MATERIALS 468030 Asphalt 468050 Sand TOtal SURFACING M&TQDI8�S OTHER SUPPLIES 6 EQUIPMENT 469040 TraffiC Control Improvement SVpD 469190 0iuVz Equipment 469201, Tools 469260 Fire Ext 6 Refills 469320 Miscellaneous 8oypliC8 Total OTHER SUPPLIES & EQUIPMENT Total OPERATING SUPPLIES IMPROVEMENTS OTHER THAN BUILDING IKRD0V&MD0TG OTHER THAN BUILDING (QKD&TQD 473010 Contracted Improvements 47302O HVO'C0Vtc8CtPd ImDrOv808DtG ------------ ------------ ------------ ------------ ------------ ------ 58.02 8.82 -58.03 103,00 26.55 103.00 -26.B ------ ------ 103.00 ------ ------ 28.55 ------ 76.45 --- 35.78 138.00 138.00 324.00 '324.00 76.00 581.17 '505.17 764.70 466.00 655.55 -189.55 140.68 552.00 260.22 291.78 47.14 ------------ ------------ 1232.00 ------------ ------------ 1820.94 ------------ -588.94 ------ 147.80 ------ ------ 7243.00 ------ ------ 3522.}6 265.29 - ----- ]?20.64 --- 48.63 70008.00 17100.00 9000.00 2822.80 2900.00 85.50 6178.01 31.36 ------ ------ ------ ------ ------ --- Total IMPROVEMENTS 0T8D8 THAN BUILDING 29000.00 19922.08 9078.80 68.70 EQUIPMENT & FURNITURE VEHICULAR EQUIPMENT (GREATER THAN $1,000) 474240 Tractors 4990.00 4990.00 '-'' --'' -- '---''----'' ---'--'-'--- ''--'-'-'''- '''''-'''-'' ------ Total VEHICULAR EQUIPMENT (gBDKEK THAN $1. 4990.00 '4990.00 Airport Commission Packet May 17, 2012 EXBD; 05.10.12 11:34:41 Method: 1 Page u4of 62 Pa«u: 7 Iowa City General Ledger System FY 2012 Expense Reporting For the period 04.81.12 to 04.I0.12 YTD Period Account Appropriated Expenditures Expenditures Encumbrance Balance I Used ''' -----'----- -''----------'---- ------'' ------------ ''----- --'--''' ''----- ---- 7600 &irRncL (CONTINUED) AIRPORT (CONTINUED) 560180 &irgVzL Operations (CONTINUED) EQUIPMENT & FURNITURE (CONTINUED) FURNITURE & FIXTURES (GREATER THAN $1.000) 475010 Furniture & Office Oguig08ot 3879.08 -3879.08 Total FURNITURE & FIXTURES (GREATER THAN $1 IT 8&DDN&DD/0}FTWADB (GREATER THAN $l,OOO) 476070 PC 88r8maIe Total IT HARDWARE/SOFTWARE (88E&TDB THAN $l Total EQUIPMENT 8 FURNITURE OTHER FINANCIAL USED 490150 Operating Subsidy 490190 Ioturfoud Loan Total OTHER FINANCIAL USES Total Airport Operations Total Airport ------------ ------------ ------------ ------------ ------------ 3879.08 -3879.08 ------ 5026.81 -5025.81 ------ ------ ------ 5025.81 ------ ------ '5025.81 --- ------------ ------------ ------------ 10015.81 ------------ ------------ 3879.08 '13894.89 ------ 11517.00 9597.50 953.75 1919.50 0.33 45236.00 36568.20 3656,82 8667.83 80.84 ------' ------ 56753.00 ------ 4618.70 ------ 4616.57 ------ 0587.30 --- 81.34 ------------ ------------ 393164.00 ------------ 325817.98 ------------ 26958.48 ------------ 3879.08 62466.94 ------ 84.07 ------------ ------------ 392164.00 ------------ 325817.98 ------------ 26958.48 ------------ 079.08 62466.94 ------ 84.07 Airport Commission Packet May 17, 2012 Page 25 of 62 EXPE: 05.10,12 11:14-41 Method: I Page; 8 Iowa City General Ledger System FY 2012 Expense Reporting For the period 04.01,12 to 04.30.12 YTD Period Account Appropriated Expenditures Expenditures Encumbrance Balance t Used ----------------------------------------------- ------------ ------------ ------------ ------------ ------------ - - - - -- 7600 Airport (CONTINUED) AIRPORT (CONTINUED) 560100 Airport Operations (CONTINUED) OTHER FINANCIAL USES (CONTINUED) ------------ ------------ ------------ ------------ ------------ - - - - -- GRAND TOTAL 392164.00 325817.98 26958.48 3879.98 62466.94 84.07 Airport Commission Packet May 17.0010 Page uoorou TRID: 05.10.12 11|35!45 Method: 4 Page! l Iowa City General Ledger System Expenditures Detail KY 2012 Detail Reporting For the period 04.01.12 t0 04.20.12 �ruoa Date Trans %vpg Report Source Description Debit Credit 7600 Airport 560100 &izpOzt Operations 4120O0 Perm Part Time 04.06,12 Old Sys 13040401OU09 04.20.12 Old Sys 120418010010 Total D9Im Part Time 413000 Temporary Employees 04.06.12 Old Sys Intxl Temporary Employees 421.108 883ltb Insurance 04.09.12 Journal Total Health Insurance 421200 Dental Insurance 04.09.12 Journal 506097 C PAYROLL RBCAP\D&YDOLL 06 1334.40 06223\CIC PAYROLL RDC6P\V&YDOLL 30 1334.40 ------------ 2668.80 120404010009 506097\CIC PAYROLL RDQ0 06 63.00 ____________ Q.08 120428104815 010009 APR DO&LT8 IN0DU&0CQ\CI[ HEALTH D0 329.82 ------------ ]29.82 130418104815 010008 APR DENTAL IN8U8&NCQ\CIC DENTAL I08 19.37 Total Dental Insurance 19.32 42100 Life IuBxrauCo 04.10.12 New Vouch 12842103001 06786611 CheCk:0034\MADISO& NATIONAL LIFE Total Life Insurance 421400 Disability Insurance 04.MI2 New Vouch 1204110]00]1 06706711 CbeCb:707053\M&DIGO0 NATIONAL LIFE Total Disability Insurance 422100 FICA 04.06.12 Old Sys 120404018O09 0&28.12 08 Sys 120418010010 Total FICA 423100 IPbRV 04.06.12 Old 8vG 120404010009 04,20.12 Old Sys 12D418010010 4060599\yICA6CITY CONTRIBUTION 4200599\FICA\CITY CONTRIBUTION 4060599\IP0OG\CZTY CONTRIBUTION 4200599\IPERS\CITY CONTRIBUTION ?.B _____________ iB l3.88 ____________ 1].88 102.44 97.6% _____________ 200.06 1l2.?? 107.60, Airport Commission Packet May 17.0010 Page urorou TRIU: 05.10.12 I1:35:45 Method! 4 Page: 1 Iowa City General Ledger System Expenditures Detail PY 2012 Detail Reporting For the period 04.01.12 to 04.0.12 Trans Date Trans Type Rep0±# 8QUrC8 Description Debit Credit ----------- ---------- ------------ -------- ----------------------------------- ------------ ------------ 7600 Airport (CONTINUED) 560100 Airport Operations (CONTINUED) 423108 IDQR8 (CONTINUED) Total IDERS ------------ 220.46 431020 Court Costs & Services 04.82.12 Ni8c Dymt 12040918315 70-12\NQ8SJO0 LAW FI8H\&IRVOKT LAND ------------ 17.00 ------------ Total Court Costs & 3GmiC8G l?.00 432080 Other Professional Services 84.17.13 New VVVCb 120418030010 06787101 CheCb/707151\800E&LG\MADCH GOV DDA 56.63 Total Other Professional Services ------------ _________ 56.63 43801-0 StOrmwat8l Utility Charges 04.18.12 Journal 120418104815 0I0010 057'096-0\87O8NWTD\4.13.12 Bill Da 789.11 Total StOImwaCer Utility Charges _______ ________ 789.11 43800 Electricity 04.24.12 New VVnCb 120426030107 00900110 Check:910807 ID8MQRIC&N ENERGY \180 103.96 0424.12 New Vouch 120426030107 00900162 Chedk:910007\NIDAMD8ICA0 ENERGY \180 737.37 04.24.12 New VO8Cb 120426030107 009SU163 ChmOb:910007\NID&WQDICAN O0ODQI\I80 54.68 04.24.12 New Vouch 12042608107 00900165 CheCk:910007\MID&NQBICA0 O0DRQY\180 237.83 -otul Electricity --''--'- ------------ 1133.84 438070 Heating Fuel/Gas 04.24.12 New Vouch 1204260007 00900126 CbVCi:910007 ID&HD8IC&0 D0QRGY\180 17.61 04.24.12 New Vouch 120426030107 00900149 Cbeok:910007\MIO8M80C80 QBDBQY\188 67.40 04.24.12 New Vouch 12006030107 00900164 Cb8Ck:910007\MID&MODIC&0 DNE8Gy\I80 33.52 Total Heat �Dg Fuel/Gas ------' ''---'-'-' 118.8 438080 Sewer Utility Charge 04.18.12 Journal 120418104815 010010 057-115 00\DDNDB\&.l8.12 Bill Date 123.86 04.18.12 Journal 120418104815 010010 057'117'00\SDBQR\4.18.I2 Bill D8L8 16.13 04.18.12 Journal 120418104815 010010 057-118'03\SDW88\4.18.12 Dill Date 28.12 04.18.12 Journal 130410I04815 0I0010 057'10-00\S0JB8\4.18.12 Dill Date 22.91 Airport Commission Packet May 17.0010 Page ueorou 78I ; 05.10.12 11!35:45 Method; 4 Pane: 3 Iowa City General Ledger SY8tg@ Expenditures Detail FY 2012 Detail Reporting For the period 04.01.12 to 04.30.12 Trans Qa\o Trans Type Report Source Description Debit Credit ------ ----- ------ ---- ------------------ ------ ------ 7600 Airport "CONTINUED) 560100 Airport Operations (CONTINUED) 438080 Sewer Utility Charge (CONTINUED) Total Sewer Utility Charge ------------ 183.02 438090 Water Utility Charge 04.18.12 Journal 120418104815 010010 057-095'0 R8T8D 4.18.l% Bill Date 9.85 04.18.12 Journal 120418104815 010010 057'115-00\W8T8B\4.18.12 Bill Date 10.18 04.18.12 Journal 120418104815 010010 057'117-00\W&T8B\4.18.12 Bill Date 12.39 04.18.12 Journal l20418104815 010810 057'118-03 W&TQD 4.18.12 Bill Date 15.38 04.18.12 Journal 120418I04815 010010 057'120'00\W&TE8\4.18.12 Bill Date 17.47 Total water Utility Charge --^'-'----'---''— 158.27 438108 8Bf8Q8 Collection Charges 04.18.12 New 7UuCb 120411030031 06786499 Cb8Cb:706868\&3C DISPOSAL SYSTEMS I 69.00 04.18.12 New VUUCb I20411030031 06786508 Ckeck:706868\&8C DISPOSAL SYSTEMS I 38.00 Total Refuse Collection Charges ---'--'------------ 97.00 40128 Long DiaLouoe 800due 114.01.12 Pb Lon D0L 120501I02729 00004019 APR LONG DI8T C8QBK 5.17 Total LODo Distance G8odC8 ------------ 5.17 442010 Other Building Repair & Maintenance 88r 04.04.12 New Vouch 120405030049 06786296 Checb:706726 T 6 K ROOFING & D8DQT 276.00 04.11.I2 New VnnCb 120412030104 06786860 Cbo:b:706922\JOT AIR INC I0R\CLDA8I 500.00 04.17.12 New Vouch 12041800010 06787127 Check:707175\CYNCH DR0%B8RS D&IN7DV 875.00 Total Other Building Repair & Maintenance D8rvi ------------ 101.00 442030 UtrutCOI8 B8Daiz & Maintenance 3eodooa 04.21.12 P-Card 120503151855 18700391 0EC*U%I8 DLQY&TOG 0\JU0D G&G87 50.00 Total Structure Repair 6 Maintenance Services _________ ________ 59.00 442070 Bldg Pest Control 8ezvioo: 04.18.12 New Vouch 120419030050 86787210 Cbeck:707288\00%DYE QO8T CONTROL I 33.95 Airport Commission Packet May 17.0010 Page ueorou 'RID: 05.10.12 11:35:45 08ibOd: 4 Page: 4 Iowa City General Ledger System Expenditures Detail BY 20l2 Detail Reporting For the period 04.01.12 to 04.30.12 Trans Date Trans Trn8 86VVrt# Source Description Debit Credit ----------- ---------- ------------ -------- ----------------------------------- ------------ ------------ 7600 Airport (CONTINUED) 560100 Airport Operations (CONTINUED) Total Bldg Pest Control Services 443080 Other Equipment Repair G M8iuL8uunCe So 04.04.12 New Vouch 12040500049 06786291 Cheok:706717\8BNECk C0MPANIDG\JQT A Total Other Equipment Repair & Maintenance S8Iv 445U30 Nursery Service-Lawn and Plant Care 04.11.I2 New VVDCU 120412030104 06786861 CbeCb:70022\JDT AIR INC IOW\0AINT Total Nursery Service-Lawn and Plant Care 446130 ITS-PC/Peripheral 88pVOlt Cb8[gebaVk 04.30.12 IT Support 120507145228 00004024 &QB PC AND ALPHA SUP Total ITS-PC/Peripheral Support CbaIg8haCk 446148 ITS-Computer Replacement Cbargeback 04.01.13 IT B8Dl 120405124504 00004025 &DD ITS DDD6 C8gQCK Total ITS-Computer Replacement CbargVback 446150 !TS-Application Development Fee Chuzg8h 04.30.12 IT Support 120507145228 00004024 &DD ITS 8QRV/DQV/TD0 Total ITS-Application Development Fee CbVrgeb3c 446160 ITS-Network/Internet Cbu[geback 04.01.12 IT Iot/0wk 12040050505 00004031 &y8 ITS 0BTW/I0T803T Total ITG'Netwo[b/IOteIn8C ChaIq8baOk 446300 Photocopying CbargeDack 04.01.I2 Copier Chm 120427182028 00400042 0&R PHOTOCOPY C8&KQD Total Photocopying CbargebaCk 446220 ybOu8 Service Cbarg8b3ob 04.30.12 OweGt Chzg 12050308I359 00804032 &Dz Telecom Charges ------------ 3].95 247,00 -----`^ ------ 247 .00 4500.00 ------------ 4500.00 198.00 ____________ 198.00 101.42 ------------ 101.42 198.00 ------------ 188.00 0.08 ------------ 60.00 8.70 ____________ 8.70 82.%9 Airport Commission Packet May 17.0010 Page aoorou TRID: 05.10.12 11:35:45 Method; 4 Page: 5 IoWa City General Ledger System DroeudiLUIeG Detail Py 2012 O8L3il Reporting For the period 04.01.12 to 04.30.12 Trans Date Trans Type Report Source Description Debit Credit ------ ----- ------ ---- ------------------ ------ ------ 7600 Airport (CONTINUED) 560100 Airport Operations (CONTINUED) Total Phone Service 446300 Phone Equipment/Line Charonbaok 0431.I2 Pb EquiV0t 120501102729 08004018 &DB Y80N EQUIP C8GBK Total BbVoe Equipment/Line Cbazgeback 446320 Mail CbargeUauk 04.01.12 Mail 12841]115]49 0040001 MAR POSTAL CHARGES Total Mail CbaIq8b8Cb 446350 City Vehicle Replacement Chargebacb 04.30.12 DU 8eDl 1205021lU940 00004006 APR REPLACEMENT COST Total City Vehicle Replacement Cb8rgeb0Ck 446370 Duel CbKlgHhaCk 04.30.12 8Q Div 120502110940 00004008 &gD DIVISION FUEL To-.al YuVI Cbarg8back 44888 Vehicle Repair & Maintenance CbazDcbnck 04.3U.I2 QU Div 120502110940 00004008 APO DIVISION SERVICE Total Vehicle Repair & Maintenance Chazoebank 449368 Interest Qxo8u8C 04.30.I2 JnozoOl 120418104815 010004 Corp Hangar Loan Iub&pz Iotezfuod 04.30.12 Journal 10418104815 010004 DI Ba4g8z Loan Iot r Iut8rfVud Lo 04.30.I2 Journal 13041810405 010004 8D T'8uor Loan IuL\&Dz IDtprfund lo 04.30.I2 Journal 120418104815 010004 SW T-Bugr Loan IDt\&DI IuL9IfnDd Lo Total Interest Expense 466850 Electrical 3onolieG 04.11.12 New 7O0c& Total Electrical Supplies ------------ 82.29 92.50 ------------ ------------ 92.50 5.46 ------------ 5.&6 1]6].72 ------------ 1363,72 4?6.6% ------------ 06.62 2l]7.42 ____________ 2l37.&2 1770.03 1254.57 9]0.86 80.64 ____________ 4823,10 1204120CI04 06786862 Check:706922\JDT &I8 INC INN\M0INT 251.15 ____________ 251.119 Airport Commission Packet May 17.0010 Page 31 of 62 %8ID: 05.I0]2 11:35!43 Method: 4 Page: 6 Iowa City General Ledger System 0xpeod1tnzao Detail PY 2012 Detail Reporting For the period 04.01.12 to 04.30.12 Trans Date Trans Type BopPct# Source Description Debit Credit -----' ----- ------ 7600 Airport (CONTINUED) ---- ------------------ ------ ------ 560100 Airport Operations (CONTINUED) 466070 Other Maintenance Supplies 04.1I.13 New Vouch 120412030104 06786862 CbgCk:706922\JQT AIR INC IOW\0AI0T 5.32 Total Other Maintenance Supplies ------------ ''''—''—'' 5.32 467160 Other Vehicle Repair 6 Maintenance Gupp 04.11.12 New VVVXb 12041200104 06786862 Cb8Ck:706922\JDT AIR INC ION\@&I0T 8.82 Total Other Vehicle Repair 6 Maintenance Supyli ______ _______ 8.82 490150 Operating Subsidy 04.38.12 Journal 120418104815 010000 Airport 19 OD COVr8\&Ur Budgeted 0 959.75 Total Operating Subsidy _____ _ ____ ___ 959.75 490190 Ioterfumd Loan 04.30.12 Journal 120418104815 810004 Corp Hangar Loan D%n r InterfVod 1229.97 04.0.12 Journal I20418104815 010004 UI Hangar Loan DrioC\&pz IDtezfuud 11I6.95 04.30.12 Journal I28418104815 010004 SE T'8ogI Loan PrinC\8Dr IDterfUDd 727.54 04.30.I2 Journal 120418104815 010004 8R %'UDgr Ludu Priuc\8yr Iutgzfuud 562.36 Total Iot8rfnDd Loan ------ ------------ 3656.82 Total Airport Operations ------------ 26975.48 17.00 Airport Commission Packet May 17.0010 Page auorou YRID� 05.10.12 11:35:45 Method: 4 Page: 7 IOn8 City General Ledger System Expenditures Detail ;Y 2012 Detail D8pu/LiDq For the period 04.01.12 to 04.30.12 Trans Date Trans Type Report Source Description Debit Credit ------ ----- ------ ---- -----------------' ------ ------ 7600 Airport (CONTINUED) 560100 Airport Operations (CONTINUED) 490190 IuCezƒuod Loan (CONTINUED) ____________ Total Airport 26975.48 17.00 Airport Commission Packet May 17.0010 Page nnv,no TRIO; 05.18]2 11S5:45 Method; 4 Page; 8 Im@ City General Ledger System EzDVnditureo Detail KY 2U12 Detail Reporting For the period 04.01.12 to 04.0.12 Trans Date Trans Type De$Vrt# Source Description Debit Credit ----------- ---------- ------------ -------- ----------------------------------- ------------ ------------ 7600 Airport (C00TI0UED) 560100 Airport 8oezatiOoe (CONTINUED) 490190 IoterIuud Loan (CONTINUED] ------------ a� g8&0D TOTAL 2075.48 17.00 ============ Airport Commission Packet May 17, 2012 Page 34 of 62 TRID: 05.10.12 11,36;01 Methods 4 Page: I Iowa City General Ledger System Revenues Detail FY 2012 Detail Reporting For the period 04.01.12 to 04.30.12 Trans Date Trans Type Report# Source Description Debit Credit ----- - - - - -- ---- - - - - -- ------ - - - - -- -- - - - - -- ----------------------------- - - - - -- ------ - - - - -- ------ - - - - -- 7600 Airport 560100 Airport Operations 369100 Reimb of Expenses 04.03.12 Misc Pymt 120403094743 1- 119�MIDAMERICAN ENERGY`REBATE NOR 3080.52 Total Reimb of Expenses 381100 Interest on Investments 04.30.12 Allocation 120508162401 Apr interest allocation Total Interest on Investments 382130 Land Rental 04.03.12 Misc Pymt 120412142455 70- 11�ARMY RESERVE�AIRPORT LEASE 04.09.12 Misc Pymt 120425143300 70- 11jARMY RESERVES \AIRPORT LEASE - 04.10.12 Payment 120410094940 00021694 1- 38`BELL LARRY & SANDRA�PAYMENT Total Land Rental 382200 Building /Room Rental 04.02.12 Payment 04.02.12 Payment 04.02.12 Payment 04.03.12 Payment 04,03.12 Payment 04.03.12 Payment 04.03.12 Payment 04.03,12 Payment 04.04.12 Payment 04.04.12 Payment 0434.12 Payment 04.05.12 Payment 04.05.12 Payment 0435.12 Payment 04.05.12 Payment 04.06.12 Payment 04,06,12 Payment 04.06.12 Payment 120402094434 00021629 2- 18�BUTLBR JOHN\APR 12`HANGAR #36 120402094434 00021629 2 -18 \BUTLER JOHN\APR 12�HANGAR #37 120402094434 00021707 2- 17EPOLASKI MICHAEL \APR 12 \HANGAR 120403094738 00021471 2 -25 \NE IA PHYS THERPY ASSOC \MAR 12 120403094738 00021623 2- 24\HALL ROBERT\APR 12\HANGAR #6 120403094738 00021623 2- 24�HALL ROBERT \APR 12\HANGAR #12 120403094738 00021638 2 -25\NE IA PHYS THERPY ASSOC`APR 12 120103094738 00021666 2- 23`POWERS ROBERT \APR 12 \HANGAR # 120404092959 00021586 2- 19`FIELD HOWARD\APR 12\HANGAR #5 120404092959 00021591 2- 10\ANDERSEN JASON\APR 12\HANGAR 120404092959 00021591 2- 10`ANDERSEN JASONjAPR 12 \HANGAR 120405094700 00021601 2- 13�CARE AMBULANCE\APR 12\OFFICE 120405094700 00021617 2- 16\PITTON MIKE\APR 12\HANGAR #26 120405094700 00021630 2- 14 \HARTWIG RANDY \APR 12\HANGAR # 120405094700 00021636 2- 10\LACINA DAVE�APR 12�HANGAR #57 120406091649 00021620 2- 25 \RANBY CHARLES`APR 12 \HANGAR # 120406091649 00021628 2- 22\MASCARI RICK\APR 12\HANGAR #3 120406091649 00021667 2- 9,OPERATOR PERFORMANCE LAB\APR 12 ------ - - - - -- ------ - - - - -- 3080,52 172.60 ------ - - - - -- ------------ 172.60 350.00 350.00 300.00 ------ - - - - -- ------ - - - - -- 1003.00 172.00 172.00 151,00 202,00 144.00 151.00 202,00 144.00 172.00 144.00 144.00 100,00 151.00 172.00 202.00 144.00 151.00 4038.00 Airport Commission Packet May 17, 2012 "'RID: 05.10.12 11!36:01 Method; 4 Page 35 of 62 Page: 2 Iowa City General Ledger System Revenues Detail PY 2012 Detail Reporting For the period 04.01.12 to 04,30.12 Trans Date Trans Type Report# Source Description Debit ------------ Credit ------ - - - - -- ----------- 7600 Airport (CONTINUED! ---------- ------------ -------- ----------------------------------- 560I00 Airport Operations (CONTINUED) 382200 Building/Room Rental (CONTINUED) 04.06,12 Payment 120406091649 00021667 2-9\OPERATOR PERFORMANCE LAB\APR 12 615.00 04.09.12 Payment 120409092856 00021624 2-9\BULGARELLI DAVID\APR 12\HANGAR 151.00 04.09.12 Payment 120409092856 00021633 2-8\SCRMEISER RUSS\APR 12\HANGAR # 209.00 04.10.12 Payment 120410094940 00021585 1-43\ODGAARD JACOB\APR 12\HANGAR # 151.00 04.10.12 Payment 120410094940 00021590 1-39\FULLER SCOTT\APR 12\HANGAR #3 172.00 04.10.12 Payment 120410094940 00021618 1-53\DEMARIA JOSEPH\APR 12\HANGAR 151.00 04.11.12 Payment 120411092212 N021608 2-15\RUYLE JOHN\APR 12\HANGAR #33 358.00 04,11.12 Payment 120411092212 00021622 2-12\BULLERS JONATHAN\APR 12\HANGA 144.00 04,11.12 Payment 120411092212 00021641 2-11\ZUBROD ROY\APR 12\HANGAR #20 151.00 04.12.12 Payment 120412091423 00021664 2-5\JET AIR INC\APR 12\BUTLDINGS D 4287.00 04.12,12 Payment 120412091423 00021676 2-5\JET AIR\APR 12\HANGAR #60 178,00 04.12.12 Payment 120412091423 00021676 2-5\JET AIR\APR 12\HANGAR #59 178.00 04,17.12 Payment 120417094024 00021237 1-43\FULL JERRY\FRB 12\HANGAR #45 204,00 04.17.12 Payment 120417094024 00021640 1-41\CHALKLEY BEN\APR 12\HANGAR #1 151.00 04.17.12 Payment 120417094024 00021703 1-38\ROHR BRIAN\APR 12\HANGAR #27 151.00 04.19.12 Payment 120419110426 00021458 9-2\IOWAAERO\MAR 12\HANGAR #43 172.00 04,19.12 Payment 120419110426 000210625 9-1\IOWAAERO\APR 12\HANGAR #43 172.00 04.20.12 Payment 120420120404 00020232 89-28\DOUGLAS BRIAN\SEP 11\HANGAR 141.00 04.20.12 Payment 120420120404 00021583 89-1\MILLER RICHARD\APR 12\HANGAR 172,00 04.20.12 Payment 120420120404 00021600 89-6\YARADA THORU\APR 12\HANGAR #2 151.00 04,20,12 Payment 120420120404 00021606 89-8\HINCKLEY HARRY\APR 12\HANGAR 404.00 04,20.12 Payment 120420120404 00021606 89-8\HINCKLEY HARRY\APR 12\HANGAR 144.00 04.20.12 Payment 120420120404 00021609 89-9\VOS JEREMY\APR 12\HARNGAR #64 196.00 04.20.12 Payment 120420120404 00021634 89-10\FISHBAUGH JUSTIN\APR 12\HANG 178.00 04.20.12 Payment 120420120404 00021637 89-11\PATTSCHULL RICHARD\APR 12\Hk 234,00 04.20.12 Payment 120420120404 00021639 89-12\ALLENDER PATRICK\APR 12\HANG 172.00 04.20.12 Payment 120420120404 00021652 89-14\EDMONDS TERRY\APR 12\HANGAR 320.00 04,20.12 Payment 120420120404 00021660 89-18%UADRONS UP\APR 12\HANGAR #5 172.00 04.20,12 Payment 120420120404 00021662 89-19\GURNETT DON\APR 12\HANGAR #3 310,00 04.20.12 Payment 120420120404 00021669 89-20\SINGLRTARY ROBERT\APR 12\HAN 144,00 04.20,12 Payment 120420120404 00021677 89-22\SWANSON NkOMI\APR 12\HANGER 144,00 04.20.12 Payment 120420120404 00021698 89-27\COHN GARY\APR 12\HANGAR #41 172.00 Airport Commission Packet May 17.0010 Page aoorou T8I : 06.1.0.12 11'36:02 Method: 4 Page: 3 Iowa City General r GYRt80 Revenues Detail FY 2012 Detail D8DOziioy For the period 04.0I,12 to 04.30.12 Trans Date -----` Trans Type ----- DepOrt# ------ GVozce ---- Description -----------------` ~~----- Debit credit ------ 7600 Airport (CONTINUED) 560100 Airport Operations (CONTINUED) 382208 Building/Boom Rental (CONTINUED) 04.20.12 Payment 120428120404 00821701 89-30\MQ&DD JAMES 0\AyR 12\8&08&B 172.08 04.24.13 Payment 130424090709 000202]] 2'9\DOOGLAS BRI&N\8BV 11\8&0G&D #9 141.00 04.26.12 Payment 120426091547 00031877 2'5\83MDI8ER RUSG\M&Y I2\O&N8&R # 209.00 04.30.I2 Payment 120430091833 00021857 1'24 8BUNLDY JAMQ3\M&Y 12\8&0G&D # 151.00 04.0.12 Payment 12043009103 8002I865 1'22\8C80QLL T00\M&9 12\8ANG&8 #62 178.00 04.30.I2 Payment I30430091833 00021911 1'21\STD&DN&0\NAY 12\O&0QAD #47 1?2.00 04.30.I2 Payment 12043009103 00021915 1-26\DO0083 Q8DG\@&Y 12\3&N8AB #51 172.00 Building/Room Rental 384200 YoodiuO 0aCbiu8 Comm 04.2513 Mi8C Dya¢ 120425891301 Total Vending Machine Comm 384900 Other Commissions 04.16.12 Ni8O Pvmt I20416094941 Total Other CV00iDDi8DG 392100 Sale of Land 04.03.12 @i8C Py0t 120409153315 Total Sale of Land 393120 General Levy 04]0.I2 Total General Levy Total Airport Operations ------------ 141.00 18459.00 2'4\T8Q AMERICAN BOTTLING C0\VQNDDy 7.20 ____________ 7.%0 2'8\O&GTQR0 AVIATION FU%[ UMAQ12 Q& 2391.00 ------------ 2391.00 70'12 LAW FIRM\G&L8 OF &IDP 400000.00 ____________ 4088U0.00 Journal 120418104815 010000 Ptax to Airport�Apr Budgeted Operat 0]].3] ------------ 8333.33 ____________ 141.00 433443.65 Airport Commission Packet May 17.0010 Page arorou 78TD: 05.10.12 11;36;02 Method; 4 Page: 4 Iowa City General Ledger System K6v8DV8D Detail FY 2012 Detail RVDOrLiuy For the period 84.01.12 LO 04.30.12 Trans Date Trans Type Report# Source Description Debit Credit ----------- ---------- ------------ -------- ----------------------------------- ------------ --- -------- 7600 Airport ([DBTI03DD) 560100 Airport Operations (CONTINUED) ------------ Total Airport 141.00 433443.65 Airport Commission Packet May 17.0010 Page aeorou IRID: 05.10.12 11:36:0 Method: 4 Page: 5 Iowa City General Ledger System ueveuo8D Detail FY 2012 Detail Reporting For the period 04.01.12 to 04.30.12 Trans Date Trans TvD8 Dep0zt# G0ucCe Description Debit Credit ------ ----- ------ ---- -----------------' ------ -----^~ 7600 Airport (CONTINUED) 560100 Airport Operations (CONTINUED) ------------ e� GRAND TOTAL 141.00 433443.65 ============ Airport Commission Packet May 17, 2012 Page 39 of 62 Prepared by: Michael Tharp, Operations Specialist, 1801 S. Riverside Dr. Iowa City. I 52246 (3 19) 350 5045 RESOLUTION NO. RESOLUTION AUTHORIZING THE CHAIRPERSON TO EXECUTE AND THE SECRETARY TO ATTEST TO A LAND LEASE BETWEEN THE AIRPORT COMMISSION OF THE CITY OF IOWA CITY, IOWA, AND JET AIR, INC. WHEREAS, the Airport Commission of the City of Iowa City has negotiated a lease with Jet Air, Inc. for land as east of Hangar H to construct a hangar; and WHEREAS, the Commission finds the proposed lease to be proper and in the best interest of the Iowa City Municipal Airport; WHEREAS, a public hearing was held on May 17, 2012 on the proposed lease; and, WHEREAS, the term of the lease shall be from June l,. 2012 through 31 May, 2042. NOW, THEREFORE, BE IT RESOLVED BYU THE AIRPORT COMMISSION OF THE CITY OF IOWA CITY: 1. That the proposed land lease is hereby approved. 2. That the Chairperson is directed and authorized to execute and the Secretary to attest to the land lease between the Airport Commission and Jet Air, Inc. It was moved by and seconded by and upon roll call there were: Ayes Passed and approved this CHAIRPERSON ATTEST: SECRETARY Nays day of 2012. the Resolution be adopted, Absent Assouline Gardinier Horan Mascari Approved By: City Attorney's Office Airport Commission Packet May 17, 2012 Page 40 of 62 IOWA CITY MUNICIPAL AIRPORT GROUND /HANGAR LEASE This Ground /Hangar Lease (the "Lease ") is made as of the day of 2012, by and between the Iowa City Airport Commission, having a principal business address at 1801 S. Riverside Drive, Iowa City, IA 52240 ( "Landlord ") and Jet Air, Inc. ( "Tenant "). RECITALS A. The City of Iowa City is the owner of fee title to premises situated in the City of Iowa City, State of Iowa, commonly known as the Iowa City Municipal Airport. Landlord has the authority to lease ground. B. Tenant is Jet Air, Inc. C. The parties desire to enter into a ground lease pursuant to which Landlord will lease an unimproved portion of the Iowa City Municipal Airport as depicted on Exhibit A (the "Leased Premises ") for the purposes of construction an aircraft storage hangar and associated apron. D. Tenant has indicated a willingness and ability to properly keep, maintain, and improve said ground in accordance with standards established by Landlord, if granted a lease of sufficient term on said ground area. In consideration of the foregoing and the mutual covenants hereinafter contained, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties, Landlord and Tenant hereby agree as follows: ARTICLE I GRANT 1.01 Grant. Landlord hereby leases to Tenant the Leased Premises in accordance with the terms and conditions hereinafter set forth. ARTICLE II CONDITION 2.01 Condition of Leased Premises. Tenant is taking possession of the Leased Premises in an "as -is" condition as of the execution and delivery of this Lease. Landlord shall have no obligation to perform any improvements, alterations, additions, repairs or replacements thereto except those specifically defined in this lease. Airport Commission Packet May 17, 2012 Page 41 of 62 ARTICLE III TERM 3.01 Initial Term. The term of this Lease shall commence on June 1, 2012 (the "Lease Commencement Date ") and shall continue thereafter until May 31, 2042 (the "Term) unless sooner terminated as provided herein. 3.02 Options to Renew. There are no options to renew included in this lease ARTICLE IV RENT AND UTILITIES 4.01 Annual Base Rent. Commencing on June 1, 2012 and continuing on the first day of each succeeding month, Tenant shall pay to Landlord, at the address specified in Section 17.05, or at such other place as Landlord may from time to time hereinafter designate to Tenant in writing, annual rent ( "Annual Base Rent ") as follows: Annual Base Rent: $.20 per square foot per year. For the period of June 1, 2012 — May 30, 2017. $1280 per year, payable monthly with payments due on the first day of the month. $106.67 is due each month beginning June 1, 2012 Beginning June 1 2017, and every 5 years following the Annual Base Rent shall be computed as follows: Annual Base Rent + CPI escalator as further defined. (a) Definitions. For purposes of this provision, the following definitions shall apply: (1) the term "Consumer Price Index" or "CPI" shall mean the U.S. Bureau of Labor Statistics Consumer Price Index for all Urban Consumers -U.S. City Average, seasonally adjusted. (1982 -84 equals 100). (2) the term "Current CPI" shall mean the annual average of Consumer Price Indices for the calendar year immediately preceding the Change Date. (3) the term "Base CPI" shall mean the annual average of Consumer Price Indices for the calendar year immediately preceding the year for which the Current CPI is determined. (4) the term "Change Date" shall mean February 1 of each year beginning February 1, 2017. (b) Adjustment. Effective on the Change Date, the Monthly Base Rent hereunder shall escalate based on the following formula and illustrated by the following example: (1) Formula. Current CPI — Base CPI) x Rent] + Rent = Escalated Rent [Base CPI] (2) Example re 2/1/13. The monthly base rent is $1,632. Assume the Current CPI (annual average CPI for 2011) is 225.114 and that the Base CPI (annual average CPI for 2012) is 228.537. Monthly base rent beginning February 1, 2013 would be $1,656.81. [(228.537 — 225.114) x $1,632] + $1,632 = $1,656.81 225.114 Airport Commission Packet May 17, 2012 Page 42 of 62 3 (c) No Recomputations. No subsequent adjustments or recomputations, retroactive or otherwise, shall be made to the Consumer Price Index due to any revision that may later be made to the first published figure of the Consumer Price Index for any month. (d) No Rent Decrease. In no event shall the Annual Base Rent for a given year be less than the Annual Base Rent for the immediately preceding year. (e) No Waiver. Any delay or failure of Landlord in computing or billing Tenant for the escalation of Annual Base Rent as provided herein shall not constitute a waiver of or in any way impair the continuing obligation of Tenant to pay such escalation of Monthly Base Rent. (f) Change in Index. In the event that the Consumer Price Index ceases to use 1982 -84 =100 as the basis of calculation, the new CPI established by the U.S. Bureau of Labor Statistics Consumer Price Index for all Urban Consumers -U.S. City Average, seasonally adjusted, with a different base year shall be used. Tenant may pay early without a prepayment penalty. 4.02 Net Lease. This Lease in every sense shall be without cost to the Landlord for the development, maintenance, and improvement of the Leased Premises. It shall be the sole responsibility of the Tenant to keep, maintain, repair and operate the entirety of the Leased Premises and all improvements and facilities placed thereon at Tenant's sole cost and expense. 4.03 Utility Payments. Commencing with the Lease Commencement Date and continuing throughout the Term, Tenant shall pay or cause to be paid all charges, assessments, or taxes for gas, electricity, water, sewer, telephone, and all other utility services incurred in connection with Tenant's use and occupancy of the Leased Premises. 4.05 Taxes. Commencing with the Lease Commencement Date and continuing throughout the Term, Tenant shall pay all property taxes assessed on the Leased Premises when they become due. ARTICLE V USE AND OCCUPANCY 5.01 Use. Tenant shall use the Leased Premises for the construction, use, and support of corporate aviation hangar facilities. 5.02 Construction. Tenant shall use its best efforts to complete the construction of a building facility on the Leased Premises for the operation of said hangar. Tenant's interest under this Lease shall terminate and all payments hereunder shall be forfeited if Tenant does not complete construction of the substantial improvements within one (1) year of the date of execution of this Lease agreement. "Substantial improvements" means completion of the construction in accordance with the plans and specifications approved by the Commission and with city ordinances. The failure by Tenant to complete minimum improvements within a period of one (1) year from the Lease Commencement Date shall be considered an event of Default and Landlord shall have available all remedies set forth herein. 5.03. Licenses. Tenant shall, at Tenant's expense, obtain and maintain during the Term of this Lease all licenses or permits necessary for the operation of Tenant's use of the Leased Premises as defined in Section 5.01 herein and Tenant shall comply with any other applicable rules and regulations governing the operation of Tenant's use of the Leased Airport Commission Packet May 17, 2012 Page 43 of 62 4 Premises as required by any federal, state, or local government or regulatory authority or agency. 5.04. Zoning. Tenant shall, at Tenant's expense, obtain any and all necessary zoning approvals and permits required by local law or ordinance. 5.05. Restrictions (a) Prohibited Uses. No use of the Leased Premises shall be permitted which is offensive by reason of odor, fumes, dust, smoke, noise, or other pollution, nor shall any use be permitted which is hazardous by reason of excessive danger of fire or explosion, which may be injurious to any property or persons on or about the Iowa City Municipal Airport or that is in violation of the applicable laws or regulations of any governmental authority. Any use that negatively affects the operation of the Iowa City Airport is prohibited. (b) Hazardous Materials. No Hazardous Materials of any kind shall be stored on or disposed of on the lot. As used herein, Hazardous Materials shall mean: 1. Any "hazardous waste" as defined by the Resource Conservation and Recovery Act of 1976, as amended from time to time, and rules or regulations promulgated thereunder; 2. Any "hazardous substance" as defined by the Comprehensive Environmental Response Compensation and Liability Act of 1980, as amended from time to time, and rules or regulations promulgated thereunder; 3. Any oil, petroleum products, and their byproducts; and 4. Any substance which is regulated by any federal, state, or local governmental authority or that is the subject of any law, rule or regulation. (c) Nuisances. No act constituting a nuisance as defined under the provision of Chapter 657, Code of Iowa, or the common law of Iowa, shall be permitted, and the restrictions pertaining to acts within a county in said Code chapter shall be applicable. (d) Construction Site Standards. Construction and the conduct thereof shall comply with all governmental requirements as to health and safety and shall meet the standards set forth herein and as set forth by City ordinance. Such standards shall cover, but not be limited to, the restrictions contained herein and additional regulations concerning erosion control, parking for construction workers, office trailers on the lot, material storage, location of telephones and vending machines, security design, location and disposal of sewage during construction, cleaning and policing of the construction site and protection of streets, street right of ways and property adjoining the building site. Said requirements may vary depending on size, location and topography of a lot. During the course of construction, Tenant, its agents, and contractors shall keep mud, dirt, debris and building materials off of all City roads. No temporary building, job trailers or the like shall be permitted on the lot except those incident to construction while an approved building is being constructed thereon and shall be removed within 30 days following the issuance of a permanent certificate of occupancy by the City of Iowa City. When the construction of a project is once begun, work thereon shall be prosecuted diligently and continuously until full completion. Any building shall be substantially completed prior to occupancy of any part thereof, and landscaping shall be fully completed within 30 days of granting a certificate of occupancy, weather permitting. If the Tenant informs the Landlord in writing within 30 days of issuance of the certificate of occupancy that weather will not permit the completion of landscaping, the Landlord will provide the Tenant with an alternate deadline by Airport Commission Packet May 17, 2012 Page 44 of 62 5 which to complete the landscaping. Tenant shall be liable for damage to airport facilities and pavements used during construction activity. (e) Parking. All vehicle parking areas and service drives shall be dust free, hard - surface with a concrete curb and gutter. (f) Landscaping. In connection with construction on the leased ground, the Tenant shall be required to sod or seed the entire ground surface of the leased ground except for building and parking sites and alternatively landscaped areas. The Tenant shall be responsible for sodding or seeding shall maintain in good condition and appearance. (g) Signs. All signage shall comply with city ordinances and be approved by the Landlord. (h) Lighting. All lighting shall be directed away from adjacent properties and shall be positioned to eliminate glare on streets and highways. No neon lights, intermittent or flashing lights shall be allowed. Only shaded light sources shall be used to illuminate signs, facades, buildings, parking and loading areas. All lighting shall be reflected downward. (i) Storage. No storage of any articles, goods, or materials shall be permitted outside any building except of a temporary nature only and then only with the prior written consent of the Landlord, who shall have the right, as a condition to any such approval, to impose such limitations and screening requirements as it may deem to be in the best interests of the area. Any such approval may be revoked by the Landlord if at any time any of such limitations or screening requirements are not met. (j) Utilities. All electric, telephone, and other utility lines on or servicing the lot must be underground. Airport Commission Packet May 17, 2012 Page 45 of 62 6 ARTICLE VI IMPROVEMENTS; SURRENDER; PERSONAL PROPERTY; ALTERATIONS; LIENS; MAINTENANCE; COMPLIANCE 6.01 Improvements and Personal Property. (a) Title to Tenant's Improvements. Any and all real property improvements, alterations, modifications or additions on or to the Leased Premises made by Tenant during the Term ( "Improvements ") shall be and remain the property of Tenant throughout the Term. (b) Surrender. Upon expiration of the Term or termination of the Lease, whether by breach, default, expiration of Lease, or otherwise, title to the Tenant's Improvements shall be and become the sole and absolute property of Landlord, and Tenant shall thereupon be required to, at Landlord's sole discretion, either: (i) return and deliver up the Leased Premises in the same condition as when delivered to Tenant, normal wear and tear excepted or (ii) return and deliver up to Landlord the Leased Premises and Tenant's Improvements thereon. If Landlord chooses option (ii), said Improvements shall be surrendered to and become the sole property of Landlord at that time, free and clear of any liens of mortgages, deeds of trust, liens of mechanics, laborers or materialmen, and all other liens and encumbrances other than any such liens and encumbrances incurred by Landlord, or such lien or encumbrance which Landlord agrees in writing may survive the expiration of the Term or the termination of the Lease. (c) Removal of Personal Property. All items of furniture, furnishings, inventories and other personal property acquired by Tenant for use on the Leased Premises (the "Personal Property ") shall be and remain the property of Tenant regardless of termination of the Lease or expiration of the Term. Tenant shall remove from the Leased Premises all Personal Property at or before the termination or expiration of the Lease. If Tenant fails to remove such items within such period, then (i) such items shall be deemed abandoned by Tenant and shall become the property of Landlord, and (ii) Landlord shall have the right to remove and dispose of such items as Landlord, in its sole discretion, sees fit and to charge Tenant the cost of doing so. 6.02 Alterations. (a) Required or Discretionary Alterations. Tenant shall make all additions, improvements, and alterations (hereinafter "Alterations ") on the Leased Premises, and on and to the Tenant's Improvements thereon, required by any governmental authority or which may be made necessary by the act or neglect of Tenant, its employees, agents or contractors, or any persons, firm or corporation, claiming by, through or under Tenant. Except as provided in the immediately preceding sentence, Tenant shall not make any other Alterations to the Leased Premises without Landlord's prior written consent, which consent shall not be unreasonably withheld or delayed. (b) Performance Standards. Prior to making any Improvements or Alterations, Tenant shall submit to Landlord for approval the following items: i. Final plans and specifications, together with a certificate from Tenant's architect that the final plans and specifications are in compliance with all applicable laws and ordinances; ii. A good faith estimate by Tenant's architect of the cost of constructing the Improvements or Alterations; Airport Commission Packet May 17, 2012 Page 46 of 62 7 iii. Names and addresses of proposed contractors and subcontractors; iv. A copy of the signed contract or contracts for the full cost of construction of the Improvements or Alterations in accordance with the final plans and the cost estimate of Tenant's architect; V. Necessary permits or satisfactory evidence that a permit is not required. Landlord shall determine in its reasonable discretion the sufficiency of such evidence; vi. Certificates of insurance required by Section 8.01 naming Landlord and the City of Iowa City as additional insureds and including builder's risk, liability and worker's compensation insurance and such other insurance customarily obtained during construction as is reasonably requested by Landlord; and vii. Completion assurances in the form of an Irrevocable Letter of Credit or Payment and Performance Bond in accordance with Section 6.02(c) below, both drawn to the benefit of Landlord, or as may be required by Landlord. Such completion assurances must be acceptable to Landlord in both form and substance, and must also be obtained from companies satisfactory to Landlord. In addition, Tenant shall, upon Landlord's written request, provide Landlord with evidence satisfactory to Landlord of Tenant's financial ability to pay for the Improvements or Alterations. Landlord may also require that Tenant secure, at Tenant's expense, evidence satisfactory to assure Landlord's title in the Leased Premises against mechanic's liens arising out of any work, alterations or improvements made to the Leased Premises by Tenant as provided in Section 6.03 hereinbelow. Tenant shall not commence to perform any Improvements or Alterations costing in excess of $10,000.00 without obtaining Landlord's prior written consent, which consent shall not be unreasonably withheld. All permitted Improvements or Alterations shall be performed with new materials, in a good and workmanlike manner, strictly in accordance with the final plans and specifications approved by the Landlord, and in accordance with any and all Legal Requirements as such term is defined in Section 6.05. Upon completion of any such work by or on behalf of Tenant, Tenant shall provide Landlord with such documents as Landlord may require evidencing payment in full for such work, such as lien waivers, and "as- built" working drawings. In the event Tenant performs any work not in compliance with the provision of this Section 6.02(b), Tenant shall, upon written notice from Landlord, immediately remove such work and restore the Leased Premises to their condition immediately prior to the performance thereof. If Tenant fails to so remove such work and restore the Leased Premises as aforesaid, Landlord may, at its option, and in addition to all other rights or remedies of Landlord under this Lease, at law or in equity, enter the Leased Premises and perform said obligation of Tenant and Tenant shall reimburse Landlord for the cost to the Landlord thereof, immediately upon being billed therefore by Landlord. Such entry by Landlord shall not be deemed an eviction or disturbance of Tenant's use or possession of the Leased Premises, nor render Landlord liable in any manner to Tenant. (c) Performance Bonds. Unless exempt or unless this requirement is waived by Landlord, Tenant, at its own cost and expense, shall cause to be executed, and delivered to Landlord two separate bonds, as follows: (i) Prior to the date of commencement of construction, a contract surety bond in a sum equal to the full amount of the construction contract awarded by Tenant for construction of the improvements on the Leased Premises. Said bond shall be drawn in a form and from such company as approved by Landlord; shall guarantee the faithful performance of necessary construction and completion Airport Commission Packet May 17, 2012 Page 47 of 62 8 of improvements in accordance with approved final plans and detail specifications; and shall guarantee Landlord against any losses and liability, damages, expenses, claims, and judgments caused by or resulting from any failure of Tenant, or Tenant's contractor, to perform completely the work described as herein provided and to pay all bills for labor, supplies, material and equipment incident thereto. In lieu of said bond, Tenant may deposit the amount of said bond in a local depository institution selected by Tenant to remain until Tenant's general contractor has delivered to Landlord a waiver of all claims against the Leased Premises for labor done and materials furnished and for a period of four months after the Landlord's building inspector approves final completion of the construction of improvements, provided no mechanic's liens have been filed against the Leased Premises during that time, at which time such deposit shall be refunded to Tenant. All earnings from said deposit shall be the property of Tenant. (ii) Prior to the commencement of this Lease, a surety bond in the sum at least equal to one (1) year's rental. Said bond shall be conditioned on the faithful performance of all terms, conditions, and covenants of this Lease, shall be renewable annually, and shall be kept in full force and effect for the complete term of this Lease. At Tenant's option, an amount equal to one (1) year's rental may be deposited with Landlord in lieu of said performance bond. 6.03 Liens. Tenant shall not cause or permit any liens to be attached to, placed on or filed against the Landlord's interest in the Leased Premises or Tenant's Improvements in connection with any construction, alteration, demolition, repair or restoration work Tenant performs or causes to be performed on the Leased Premises. If, however, at any time, in connection with the planning, construction, alteration, demolition, repair or restoration work Tenant performs or causes to be performed on the Leased Premises, any liens of mechanics, laborers or materialmen shall be filed against, attached to or placed on the Leased Premises, the Tenant's Improvements or any part thereof relating to work described above, Tenant shall, at its expense, cause the same to be discharged, by payment, bonding or otherwise as provided by law, within fifteen (15) days after Tenant receives notice that the lien was filed, except for such liens that may have been incurred by Landlord arising from Landlord's actions. Nothing herein contained shall in any way prejudice the rights of Tenant to contest in good faith to final judgment or decree any such lien prior to payment thereof, provided that Tenant shall (a) furnish and keep in effect a surety bond of a responsible and substantial surety company, acceptable to Landlord, in an amount sufficient to pay 125% of the amount of such contested lien claim with all interest thereon and costs and expenses with respect thereto, or (b) provide other security reasonably satisfactory to Landlord. Upon final determination of the validity of such contested lien or claim, Tenant shall immediately pay the amount finally determined to be due thereon including any judgment or decree rendered in connection therewith, with all property costs and charges and shall cause any such lien to be released of record without cost to Landlord and during the pendency of any such contest, Tenant shall save and keep Landlord harmless from any claim or loss by reason thereof. Tenant's failure to comply with the terms of this Section 6.03 shall be considered a Default under the Lease, and Landlord shall have the right to any and all remedies against Tenant as set forth in Section 13.02 herein. 6.04 Maintenance. Tenant shall, throughout the Term, at its sole cost and expense, maintain the Leased Premises and all buildings and improvements at any time erected thereon, any unimproved portion of the Leased Premises and all Personal Property installed therein, in good repair and in a safe, clean, sightly and sanitary condition. In the event that Tenant, in Landlord's reasonable judgment, fails to comply with its repair and maintenance obligations under this Section 6.04, Landlord may, but shall not be obligated to, in addition to its remedies under Article XI 11, perform all repairs and maintenance which in Landlord's reasonable judgment Airport Commission Packet May 17, 2012 Page 48 of 62 9 is required to bring the Leased Premises, Tenant's Improvements and Personal Property into compliance with the repair and maintenance standards of this Section 6.04. 6.05 Compliance with Legal Requirements. Tenant shall, throughout the Term, at its sole cost and expense, promptly comply with all applicable laws, ordinances and regulations of governmental entities having jurisdiction over the Leased Premises (including, but not limited to all local zoning use restrictions and requirements), and all policies of insurance applicable to the Leased Premises (collectively, "Legal Requirements "). Tenant shall not conduct or permit any person to conduct any unlawful activity on the Leased Premises or any use or activity in violation of (a) any Legal Requirements, including but not limited to zoning or other land use laws or ordinances, or (b) any private restrictive covenants applicable to the Real Estate. Furthermore, Tenant shall not cause or allow any activity which causes air, water, soil or noise pollution, which would violate any Legal Requirements or which would otherwise constitute a nuisance or reasonably objectionable intrusion into or interference with the use of any surrounding property. 6.06 Non - Discrimination. Tenant covenants, in consideration of the right to lease property at Iowa City Municipal Airport, that Tenant, its employees, and agents shall not discriminate against any person in employment or public accommodation because of race, religion, color, creed, gender identity, sex, national origin, sexual orientation, mental or physical disability, marital status or age. "Employment" shall include but not be limited to hiring, accepting, registering, classifying, upgrading, or referring to employment. "Public accommodation" shall include but not be limited to providing goods, services, facilities, privileges and advantages to the public. Tenant shall remain in compliance with all requirements of 49 C.F.R. Part 21, Non - Discrimination in Federally Assisted Programs of the Department of Transportation. ARTICLE VII INSURANCE, DAMAGE AND DESTRUCTION 7.01 Insurance. Tenant covenants and agrees that it will at its own expense procure and maintain general liability and casualty insurance in a company or companies authorized to do business in the State of Iowa, in the following amounts: Type of Coverage a. Property Insurance - 100% of the replacement cost value on any building, on an "all risk" or Special Causes of Loss basis or equivalent form. City of Iowa City shall be named as a Loss Payee on the property insurance policy with Clause C. Loss Payable of ISO form CP1213 0607 (or other equivalent form) b. Liability - $1,000,000 occurrence /$2,000,000 aggregate limits on a "Garage Liability" form (or equivalent combined premises and auto liability form) whereby such insurance includes all operations conducted on the premises and any auto or motorized vehicle or trailer operated by or on behalf of the tenant. c. Excess Liability $1,000,000 occurrence /$1,000,000 aggregate. City of Iowa City and the Airport Commission shall be named as an additional insured on the Garage Liability and the policy shall be endorsed with the Government Immunity endorsement provided below. Certificate of insurance will be provided evidencing coverage. All insurance companies involved should have an A.M. Best rating of A- or higher. Tenant shall deliver to the Landlord, within thirty (30) days of execution of this lease agreement, Certificates of Insurance and copies of said policies, naming the Airport Commission Packet May 17, 2012 Page 49 of 62 10 Landlord and the City of Iowa City, Iowa as additional insureds. Tenant shall provide fifteen (15) days' notice to the Landlord before cancellation of said insurance. Governmental Immunities Endorsement 1. Non - waiver of Government Immunity. The insurance carrier expressly agrees and states that the purchase of this policy and the including of the City of Iowa City, Iowa and the Iowa City Airport Commission as Additional Insured does not waive any of the defenses of governmental immunity available to the City of Iowa City, Iowa, or the Iowa City Airport Commission under Code of Iowa Section 670.4 as it now exists and as it may be amended from time to time. 2. Claims Coverage. The insurance carrier further agrees that this policy of insurance shall cover only those claims not subject to the defense of governmental immunity under the Code of Iowa Section 670.4 as it now exists and as it may be amended from time to time. Those claims not subject to Code of Iowa Section 670.4 shall be covered by the terms and conditions of this insurance policy. 3. Assertion of Government Immunity. The City of Iowa City, Iowa and the Iowa City Airport Commission shall be responsible for asserting any defense of governmental immunity, and may do so at any time and shall do so upon the timely written request of the insurance carrier. Nothing contained in this endorsement shall prevent the carrier from asserting the defense of governmental immunity on behalf of the City of Iowa City and /or the Iowa City Airport Commission. 4. Non - Denial of Coverage. The insurance carrier shall not deny coverage under this policy and the insurance carrier shall not deny any of the rights and benefits accruing to the City of Iowa City, Iowa and the Iowa City Airport Commission under this policy for reasons of governmental immunity unless and until a court of competent jurisdiction has ruled in favor of the defense(s) of governmental immunity asserted by the City of Iowa City, Iowa and the Iowa City Airport Commission. 5. No Other Change in Policy. The insurance carrier, the City of Iowa City, Iowa, and the Iowa City Airport Commission agree that the above preservation of governmental immunities shall not otherwise change or alter the coverage available under the policy. Worker's Compensation Insurance as required by Chapter 85, Code of Iowa. 7.02 Subrogation: Subrogation rights are not to be waived unless a special provision is attached to this lease. 7.03 Damage or Destruction. (a) Tenant's Obligation to Restore. If any or all of the Tenant's Improvements shall be damaged or destroyed by fire or any other casualty, then Tenant shall have the right, exercisable by giving written notice thereof to Landlord within fifteen (15) days after the determination thereof, to terminate this Lease. Damaged means when the cost to repair the Improvements exceeds the current value of the Improvements as determined by the Landlord. (i) If the Lease is not terminated, then Tenant shall be obligated to repair and restore Tenant's Improvements, as hereinafter provided. Such repair or restoration shall be commenced within ninety (90) days after the date the casualty occurs, and shall be completed within a reasonable period thereafter not to exceed twelve (12) months. If the Tenant shall fail to commence or complete such repairs and restoration work within the time periods set forth in the preceding sentence, except for reasons due to strike, shortage of labor or materials, war, or an act of God, Landlord shall have the right to immediately terminate this Lease. In performing such restoration, Tenant shall substantially comply with the conditions applicable to Alterations, including but not limited to, Section 6.02. All insurance proceeds collected for such Airport Commission Packet May 17, 2012 Page 50 of 62 11 damage or destruction shall be paid to a depositary approved by Landlord, Tenant, and any entity having a security interest in the Lease. Such insurance proceeds shall be made available to be applied toward the cost of such repairs or restoration. If the insurance proceeds shall be insufficient for said repair or restoration, Tenant shall make up the deficiency out of Tenant's funds. In all cases, due allowance shall be made for reasonable delay caused by adjustment of insurance claims, loss, strikes, governmental approval, labor difficulties or any cause beyond either party's reasonable control. (ii) If the Lease is terminated in accordance with this Section 13.02(a), then Tenant shall demolish the Tenant's Improvements and restore the Leased Premises to its condition prior to the Lease Commencement Date, and the effective date of the termination shall occur upon completion of such demolition and restoration work, as if such date were specified as the expiration date of the Term. In such event, the insurance proceeds shall be applied to pay for the demolition of the Tenant's Improvements and the restoration of the Leased Premises, as previously provided, and thereafter, Tenant shall receive any remaining proceeds. (b) Remedies. If Tenant shall not enter upon the repair or rebuilding, or the demolition and restoration, as the case may be, of the Tenant's Improvements within the period specified in Section 8.03(a) and prosecute same thereafter with such dispatch as may be necessary to complete same within said period, then, in addition to whatever other remedies Landlord may have either under this Lease, at law or in equity, the money received by and then remaining in the hands of the Depositary shall be paid to and retained by Landlord as security for the continued performance and observance by Tenant of the Tenant's covenants and agreements hereunder, or Landlord may terminate this Lease and then be paid and retain the amount so held as liquidated damages resulting from the failure on the part of Tenant to comply with the provisions of Section 8.03(a). (c) Negotiation, Settlement and Adjustment of Insurance Proceeds. Tenant shall have the right to settle the amount of the casualty loss with the insurance carriers, but no final settlement of a loss in excess of Fifty Thousand Dollars ($50,000.00) may be made without Landlord's prior written consent thereto. (d) Rent and Other Charges. Provided the Lease is not terminated as provided in Section 8.03(a), neither Rent nor other charges shall be reduced or abated following damage or destruction or during the period of repair, restoration or rebuilding. If the Lease is so terminated, Rent and other charges shall be paid through the effective date of such termination. ARTICLE VIII ASSIGNMENT AND SUBLETTING 8.01 Binding Effect. The Lease shall be binding upon and shall inure to the benefit of the parties hereto and their respective heirs, personal representatives, successors, and assigns. 8.02 Assignments. Tenant may not sell, transfer, or assign this Lease (either directly or indirectly) or any legal or beneficial interest therein, or sublease all or any part of the Leased Premises without the prior written consent of the Landlord, which consent may be withheld at Landlord's sole discretion. In exercise of its discretion as to such a proposed sale, transfer or assignment by Tenant, Landlord, in the event that a proposed sale, transfer or assignment by Tenant provides for payment to Tenant an amount of rent greater than the amount of Tenant's rent obligation herein at the time, Landlord may require that a percentage of the difference between the rental amounts be paid to Landlord. Tenant shall give Landlord written notice of any proposed assignment or sublease of the Leased Premises, and such notice shall provide (a) the name and address of the proposed assignee or sublessee, (b) the terms of the proposed Airport Commission Packet May 17, 2012 Page 51 of 62 12 assignment or a copy of the proposed sublease, (c) the most recent financial statements of the proposed assignee or sublessee and (d) such other information as Landlord may reasonably request. Any assignment or sublease made by Tenant without Landlord's consent in violation of this Section 10.02 shall be voidable at Landlord's option and shall constitute an Event of Default. Landlord's consent to any one assignment or sublease shall not be deemed a waiver of this Section 10.02 with respect to any subsequent assignment or sublease nor consent to any subsequent assignment or sublease. Absent the Landlord's agreement to the contrary, following assignment, whether with or without the Landlords' consent, Tenant will remain liable for all Lease obligations. ARTICLE IX MORTGAGES 9.01 Leasehold Mortgage. (a) General Provisions. Tenant, and any successor or permitted assignee of Tenant shall not, at any time during the Term, pledge, mortgage or encumber the Lease and /or the Leased Premises demised hereunder, or Tenant's Improvements, without Landlord's prior written consent, which consent Landlord may, in its sole discretion, withhold. Any such pledge, mortgage or encumbrance made by and entered into with Landlord's consent, is herein referred to as a "Leasehold Mortgage ". Any Leasehold Mortgage made by and entered into by Tenant without Landlord's consent in violation of this Section 11.01 shall be voidable at Landlord's option, and shall constitute an Event of Default. (b) Landlord's Forbearance; Foreclosure by Leasehold Mortgagee. Landlord hereby agrees that for the benefit of a Leasehold Mortgagee holding a Leasehold Mortgage and the successors and assigns of such Leasehold Mortgagee: (i) When giving notice to Tenant with respect to any default under the Lease or any exercise of any right to terminate the Lease, Landlord will also give a copy of such notice to the Leasehold Mortgagee at the address of the Leasehold Mortgagee furnished to Landlord. No such notice to Tenant shall be deemed to affect any rights of the Leasehold Mortgagee unless or until such notice is given in said manner to such Leasehold Mortgagee. (ii) In case Tenant shall default in respect of any of the provisions of the Lease, the Leasehold Mortgagee shall have the right, but not the obligation, to cure such default, and Landlord shall accept payment and /or performance by or on behalf of such Leasehold Mortgagee as though, and with the same effect, as if the same had been done or performed by Tenant. The Leasehold Mortgagee will have a period of time after the service of any notice of a default hereunder upon it within which to cure the default specified in such notice, or cause it to be cured, which is the same period for cure, if any, as is available to Tenant under the Lease for the specified default, plus an additional period of thirty (30) days. In the event of a default (or in the event that Landlord is seeking to terminate the Lease by reason of a default) which cannot reasonably be cured within said period because of Tenant's possession of the Leased Premises, Landlord shall forebear from exercising its rights to terminate the Lease as against Leasehold Mortgagee (while reserving all rights against Tenant) on account of such default provided that the Leasehold Mortgagee: (A) has cured all defaults which can reasonably be cured within the period of time allotted for cure, (B) within said period has notified Landlord of its intent to cure all other defaults in a notice which specifies the proceedings by which the Leasehold Mortgagee intends to secure possession of the Leased Premises, (C) has begun proceedings to secure possession within the said period, and (D) thereafter prosecutes such proceedings with reasonable diligence. The notice specified in clause (B) above shall contain an assumption by the Leasehold Mortgagee of all of Tenants restrictions and obligations hereunder. Airport Commission Packet May 17, 2012 Page 52 of 62 13 (iii) No default will be deemed to exist as against any Leasehold Mortgagee and Landlord shall have no right, and shall take no action, to effect a termination of the Lease as against any Leasehold Mortgagee until the Leasehold Mortgagee has had the opportunity to cure such default specified in clause (ii) above. If the Leasehold Mortgagee, by foreclosure or otherwise, acquires Tenant's leasehold estate, the Leasehold Mortgagee shall be subject to all Lease Restrictions and shall be liable for all Tenant's obligations accruing thereafter to the same extent as the prior Tenant would have been so liable. (iv) Provided that the Leasehold Mortgagee has complied with Subsection (ii) of this Section, any default of Tenant under any provision of the Lease which is not reasonably susceptible of being cured by a Leasehold Mortgagee during the cure period specified in Subsection (ii) of this Section shall be cured by Leasehold Mortgagee or any other purchasers or transferees of Tenants interest under this Lease, whether at judicial foreclosure, trustee's sale or by an assignment of the Lease in lieu of foreclosure within thirty (30) days after acquisition. (v) A Leasehold Mortgagee (or its designee or nominee) may become the legal owner and holder of the interest of Tenant under the Lease, including without limitation, the interest of Tenant in all Tenant's Improvements and Personal Property, by foreclosure or other enforcement proceedings, or by obtaining an assignment of the Lease and a conveyance of the Tenant's Improvements and Personal Property in lieu of foreclosure or through settlement of or arising out of any pending or threatened foreclosure proceeding, without Landlord's consent, but subject always to the applicable terms, provisions, obligations, and restrictions of the Lease. Upon such acquisition of legal ownership, such Leasehold Mortgagee (or its designee or nominee) shall be liable for all obligations under the Lease accruing thereafter to the same extent as the Tenant would have been. In such event, Leasehold Mortgagee (or, if said Leasehold Mortgagee has not yet become a successor Tenant hereto, then its designee or nominee) shall have the right thereafter to assign the Lease and convey the Tenant's Improvements and Personal Property subject to all other applicable terms, provisions, obligations, and restrictions of the Lease. (vi) If Tenant fails to observe or perform any of its obligations under the Lease, Leasehold Mortgagee may, but shall not be obligated to, observe or perform such obligations for and on behalf of Tenant, whether or not Tenant shall be in default under the Lease. (c) Notices to Leasehold Mortgagees. Any notice or other communication which Landlord shall desire or is required to give to or serve upon a Leasehold Mortgagee shall be in writing and shall be served by registered or certified mail or by commercial courier service addressed to such holder at the address as shall be designated from time to time by such Leasehold Mortgagee and shall mail a copy of said notice by ordinary mail. Any notice or other communication which any Leasehold Mortgagee shall desire or is required to give to or serve upon Landlord shall be deemed to have been given or served if sent by registered or certified mail or by commercial courier service addressed to Landlord at Landlord's address as set forth in the provisions of the Lease providing for notices to Landlord or at such other address as shall be designated from time to time by Landlord by notice in writing given to such Leasehold Mortgagee by registered or certified mail or by commercial courier service. Any notice given pursuant hereto shall be effective when received or refused. (d) Non - Merger. No union of the interests of Landlord and Tenant shall result in a merger of the Lease and the fee interests in the Leased Premises without the prior written consent of any Leasehold Mortgagee. ARTICLE X Airport Commission Packet May 17, 2012 Page 53 of 62 14 EASEMENTS 10.01 Generally. This Lease and the rights granted to Tenant hereunder are expressly made subject and subordinate to any and all existing easements on the Leased Premises, and Tenant shall not in any way act to alter, obstruct, disturb or otherwise impair any of said easements nor grant additional easements on or affecting the Leased Premises during the term of this Lease without Landlord's prior written consent. ARTICLE XI DEFAULT 11.01 Events of Default. The following shall constitute "Events of Default ": (a) Monetary. Tenant shall fail to pay Rent at the time required or any other monetary obligation or payment required under this Lease when due, and such failure shall continue for a period of ten (10) days following written notice from Landlord to Tenant; or (b) Non - performance. Tenant shall fail to observe or perform any of the other covenants, terms or conditions contained in the Lease, or a warranty made by Tenant shall fail to be accurate and complete, and such failure shall continue and not be cured for a period of thirty (30) days after written notice by Landlord to Tenant, provided that if the default is not reasonably susceptible of being cured within thirty (30) days, an Event of Default shall occur only if the Tenant fails to promptly commence such cure or fails thereafter to diligently pursue such efforts to completion; or (c) Bankruptcy: Receivership. If (i) Tenant files a petition in bankruptcy or for reorganization or for an arrangement pursuant to any present or future federal or state bankruptcy law or under any similar federal or state law, or is adjudicated a bankrupt or insolvent, or makes an assignment for the benefit of its creditors, or admits in writing its inability to pay its debts generally as they become due, or if a petition or answer proposing the adjudication of Tenant as a bankrupt or a reorganization of Tenant under any present or future federal or state bankruptcy law or any similar federal or state law is filed in any court and such petition or answer is not discharged or denied within thirty (30) days after the filing thereof; or (ii) A receiver , trustee or liquidator of Tenant of all or substantially all of the assets of Tenant or of the Leased Premises or any portion thereof is appointed in any proceeding brought by or against Tenant and is not discharged within thirty (30) days after such appointment or if Tenant consents to or acquiesces in such appointment. 11.02 Landlord's Rights upon an Event of Default. Upon the occurrence of an Event of Default by Tenant, or at any time thereafter during the continuance of such Event of Default, Landlord may take any of the following actions and shall have the following rights against Tenant: (a) Termination. Landlord may elect to terminate the Lease by giving no less than thirty (30) days' prior written notice thereof to Tenant, and upon the passage of time specified in such notice, this Lease and all rights of Tenant hereunder shall terminate as fully and completely and with the same effect as if such date were the date herein fixed for expiration of the Term and Tenant shall remain liable as provided in Section 13.02(c). (b) Eviction. Landlord shall have the immediate right upon Termination of this Lease to bring an action for forcible entry and detainer. Airport Commission Packet May 17, 2012 Page 54 of 62 15 (c) Tenant to Remain Liable. No termination of this Lease pursuant to Section 11.02(a), by operation of law or otherwise, and no repossession of the Leased Premises or any part thereof pursuant to Section 13.02(b) or otherwise shall relieve Tenant of its liabilities and obligations hereunder, all of which shall survive such termination, repossession or reletting. (d) Damages. In the event of any termination of this Lease or eviction from or repossession of the Leased Premises or any part thereof by reason of the occurrence of an Event of Default: (i) Rent and Charges. Tenant shall pay to Landlord the Rent and other sums and charges required to be paid by Tenant for the period to and including the end of the Term or expiration of an option period as provided for by Section 3.02 herein, whichever is later. (e) Rights Cumulative, Non - Waiver. No right or remedy herein conferred upon or reserved to Landlord is intended to be exclusive of any other right or remedy, and each and every right and remedy shall be cumulative and in addition to any other right or remedy given hereunder or now or hereafter existing at law or in equity or by statute. In addition to the other remedies provided in this Lease, Landlord shall be entitled, to the extent permitted by applicable law, to injunctive relief in case of the violation, or attempted or threatened violation, of any of the covenants, agreements, conditions or provisions of this Lease, or to a decree compelling performance of this Lease, or to any other remedy allowed to Landlord at law or in equity. (f) Landlord's Right to Cure. If Tenant fails to pay any utilities charges described in Article IV, insurance premiums described in Article VIII, the cost of any of the repairs or maintenance required to be made by Tenant pursuant to the Lease or any other charges, costs or expenses required to be paid under the Lease, Landlord shall have the right, but not the obligation, to make all such payments, and in addition to its other remedies under this Article XI, Landlord shall have the option of requiring Tenant to repay to Landlord the amount of such payments (which shall be deemed additional rent hereunder) on demand with interest after demand at 10% rate per annum. (the "Default Rate "). (g) Late Charge, Default Rate. If Landlord does not receive payment of any installment of Rent or any other sum or charge required to be paid by Tenant to Landlord hereunder within ten (10) days after the same falls due (regardless of whether Tenant has received notice of the delinquency), Landlord may impose a late charge equal to five percent (5 %) of the amount of such delinquent sum and if such sum is not received by Landlord within thirty (30) days of its due date, such sum shall, in addition, bear interest at the Default Rate from the due date until the date paid. (h) Landlord's Lien. Landlord shall have a lien against Tenant's leasehold estate, Tenant's Improvements and all property of Tenant located at the Leased Premises, to secure any obligations of Tenant to Landlord arising pursuant to the provisions of this Lease. 11.03 No Implied Waiver. The failure of Landlord to insist upon strict performance of any of the covenants or conditions of the Lease, or to exercise any options herein conferred in any one or more instances shall not be construed as a waiver or relinquishment for the future of any such covenant, condition, or option, but the same shall be and remain in full force and effect. The receipt by Landlord of any Rent or any other sum payable hereunder with knowledge of the breach of any covenants or agreements contained herein shall not be deemed a waiver of such breach. ARTICLE XII Airport Commission Packet May 17, 2012 Page 55 of 62 16 ABANDONMENT 12.01 Abandonment. Tenant shall not vacate or abandon the Leased Premises at any time during the Term of this Lease. If Tenant shall vacate or abandon the Leased Premises, the right of possession shall, at the option of Landlord, revert to Landlord and Tenant shall lose all right to possession of the Leased Premises and Tenant's Improvements; however, Tenant shall otherwise remain liable on this Lease. Landlord shall then, without further notice, have the remedies provided for in Article XIII herein. ARTICLE XIII ENVIRONMENTAL CONDITIONS 13.01 Definitions. As used in this Lease, the phrase "Environmental Condition" shall mean: (a) any adverse condition relating to surface water, ground water, drinking water supply, land, surface or subsurface, strata or the ambient air, and includes, without limitation, air, land and water pollutants, noise, vibration, light and odors, or (b) any condition which may result in a claim of liability under the Comprehensive Environmental Response Compensation and Liability Act, as amended, or the Resource Conversation and Recovery Act, or any claim of violation of the Clean Air Act, the Clean Water Act, the Toxic Substance Control Act, or any claim of liability or of violation under any federal statute hereafter enacted dealing with the protection of the environment, or under any rule, regulation, permit or plan under any of the foregoing, or under any law, rule or regulation now or hereafter promulgated by the state in which the Leased Premises are located, or any political subdivision thereof, relating to such matters (collectively "Environmental Laws "). 13.02 Compliance by Tenant. Tenant shall, at all times during the Term, comply with all Environmental Laws applicable to the Leased Premises and shall not, in the use and occupancy of the Leased Premises, cause or contribute to, or permit or suffer any other party to cause or contribute to any Environmental Condition. 13.03 Tenant's Indemnity. Tenant will protect, indemnify and save harmless the Landlord, City of Iowa City, the partners of the Landlord, and all of the foregoing's respective partners, agents and employees (collectively "Landlord's Indemnitees "), from and against all liabilities, obligations, claims, damages, penalties, causes of action, costs and expenses (including, without limitation, reasonable attorneys' fees and expenses) of whatever kind or nature, contingent or otherwise, known or unknown, incurred or imposed, based upon any Environmental Laws or resulting from any Environmental Condition occurring or contributed to during the term of this Lease. In case any action, suit or proceeding is brought against any of the parties indemnified herein by reason of any occurrence described in this Section 13.03, Tenant will, at Tenant's expense, by counsel reasonably approved by Landlord, resist and defend such action, suit or proceeding, or cause the same to be resisted and defended. ARTICLE XIV TENANT'S INDEMNIFICATION 14.01 Generallv. To the extent not expressly prohibited by law, Tenant agrees to indemnify, save, protect and hold forever harmless, Landlord, and all of Landlord's Indemnitees as defined in Section 13.03 hereinabove, from and against all losses, damages, costs, claims and liabilities, including, without limitation, court costs and reasonable attorney's fees and expenses, which Landlord's Indemnitees, or any of them, may become liable or obligated by reason of, resulting from or in connection with: (a) any injury to or death of persons and damage to, or theft, misappropriation or loss of property occurring in or about the Leased Premises or Airport Commission Packet May 17, 2012 Page 56 of 62 17 the Property arising from Tenant's use and occupancy of the Leased Premises and /or the conduct of its business; (b) any activity, work or thing done, permitted or suffered by Tenant in or about the Leased Premises, including all liabilities of every kind or description which may arise out of or in connection therewith; and (c) any breach or default on the part of Tenant in the payment or performance of any covenant, agreement or obligation on the part of Tenant to be paid or performed pursuant to the terms of this Lease or any other act or omission of Tenant, its agents or employees. In case of any action or proceeding brought against Landlord's Indemnitees, or any of them, by reason of any such claims, Tenant covenants to defend such action or proceeding by counsel reasonably satisfactory to Landlord and /or any particular Landlord's Indemnitee. ARTICLE XV MISCELLANEOUS PROVISIONS 15.01 Access by Landlord. (a) Landlord or Landlord's agents, representatives or employees shall have the right at any time upon at least twenty -four (24) hours oral notice (except in emergencies, in which case only such notice, if any, as may be feasible under the circumstances shall be required) to enter upon the Leased Premises and Tenant's Improvements for the purposes of inspecting the same, determining whether this Lease is being complied with, curing (as permitted herein) any default by Tenant and showing the Leased Premises to prospective Leasehold Mortgagees. (b) Landlord or Landlord's agents, representatives, or employees shall have the right whenever necessary and without notice to enter upon the Leased Premises for the purpose of repairing or maintaining any of Landlord's property adjacent to or abutting the Leased Premises. 15.02 Gender and Number. Words of any gender used in the Lease shall be held to include any other gender, and words in the singular shall be held to include the plural, where required. 15.03 Notices. Notices, statements and other communications to be given under the terms of the Lease shall be in writing and sent by certified or registered mail, or by commercial courier, return receipt requested, and addressed as follows: If to Landlord: Iowa City Airport Commission % Airport Manager 1801 S. Riverside Dr Iowa City, IA 52240 With copies to: City Attorney 410 E. Washington St Iowa City, IA 52240 If to Tenant: Jet Air, Inc. 58 IL Hwy Rt 164 Galesburg, IL 61401 Airport Commission Packet May 17, 2012 Page 57 of 62 18 or at such other address as from time to time designated by the party receiving the notice. All such notices shall be deemed to have been fully given, made or sent when made by personal service or deposited in the United States Mail, Registered or Certified, postage prepaid. 15.04 Applicable Law. The laws of the State of Iowa shall govern the validity, performance and enforcement of this Lease. 15.05 Partial Invalidity. If any provision of the Lease shall be invalid or unenforceable it shall not affect the validity or enforceability of any other provisions of the Lease. 15.06 Heading. Headings as to the contents of particular sections herein are inserted only for convenience, and are in no way to be construed as a part of the Lease or as a limitation on the scope of the particular section to which they refer. 15.07 Binding Effect. The covenants, conditions and agreements contained in the Lease shall bind, apply to and inure to the benefit of the parties hereto and their respective successors. 15.08 No Partnership. It is expressly understood that Landlord shall not be construed or held to be a partner, joint venturer or associate of Tenant in the conduct of Tenant's business and that the relationship between the parties hereto is and shall at all times remain that of landlord and tenant. 15.09 Holding Over. The Lease shall terminate without further notice at expiration of the Term. Any holding over by Tenant or any party claiming by, through or under Tenant after expiration shall not constitute a renewal or extension or give Tenant any rights in or to the Leased Premises. In the event of any holding over, Landlord may exercise any and all remedies available to it under Article XIII herein or at law or in equity to recover possession of the Leased Premises, and for damages. 15.10 Time is of the Essence. Time is of the essence in this Lease. 15.11 Entire Agreement; Merger. The Lease contains all the agreements and conditions made between the parties hereto with respect to the matters contained herein and may not be modified orally or in any other manner than by an Agreement in writing signed by all the parties hereto or their respective successors. All prior written and oral understandings and agreements shall be deemed to have merged into the Lease and have no further force and effect. 15.12 Counterparts. This Lease may be executed in counterparts, each of which shall be deemed to be an original and all of which shall, when taken together, constitute but one and the same instrument. 15.13 Taxiway Construction. Landlord agrees to extend the south t- hangar taxiway at Landlord's cost east for public use including use by Jet Air, Inc. 15.14 Utility Access. Landlord agrees to install new electric transformer and gas main in the area for future growth. Jet Air will be responsible for connection to, and running utilities from these locations to the proposed hangar. 15.15 FAA Airspace Study. Tenant shall request an Obstruction Evaluation / Airport Airspace Analysis (OE /AAA) under CFR Title 14 Part 77. Tenant shall not commence construction activity until said study is returned with a "DETERMINATION OF NO HAZARD TO AIR NAVIGATION" as the study result. Airport Commission Packet May 17, 2012 Page 58 of 62 19 ARTICLE XVI FAA PROVISIONS 16.01 Commission Control. The Landlord reserves the right, but shall not be obligated to the Tenant, to maintain and keep in repair the landing area of the Airport and publicly owned facilities of the Airport, without hindrance from the Tenant. The Landlord reserves the right to take action it considers necessary to protect the aerial approaches of the Airport against obstructions. The Tenant shall not act as an agent or represent itself as an agent for the Commission in matters between the Federal Aviation Administration and the Landlord 16.02. Landlord Improvements. The Landlord reserves the right to further develop or improve the landing area and all publicly owned aviation facilities of the Airport as it sees fit, without interference or hindrance from the Tenant. 16.03. Non - exclusive Right. It is agreed that nothing herein contained shall be construed to grant or to authorize the granting of an exclusive right prohibited by Section 308 of the Federal Aviation Act of 1958, as amended, and the Landlord reserves the right to grant to others the privilege and right of conducting any activity of an aeronautical nature. 16.04 Grant Assurances. This Lease shall be subordinate to the provisions of any outstanding or future agreement between Landlord and the United States government or the State of Iowa relative to the maintenance, operation, or development of the Iowa City Municipal Airport. Tenant acknowledges and agrees that the rights granted to Tenant in this Lease will not be exercised so as to interfere with or adversely affect the use, operation, maintenance or development of said Airport. 16.05 Right of Flight. Tenant acknowledges that the City of Iowa City, Iowa is authorized by law to own and operate the Iowa City Municipal Airport located in Johnson County, Iowa near the Leased Premises. There is hereby reserved to Landlord, its successors and assigns, for the use and benefit of the public, a free and unrestricted right of flight for the passage of aircraft in the airspace above the surface of the Leased Premises herein conveyed, together with the right to cause in said airspace such noise, vibrations, fumes, dust, and particles as may be inherent in the operation of aircraft, now known or hereafter used for navigation of or flight in the air, using said airspace or landing at, taking off from, or operating on or about the airport. Tenant foregoes and waives any and all claims for damages, of whatever kind or type, which are reasonably likely to occur in the future as a result of aircaraft using the "navigable airspace ", as defined by the Federal Aviation Act of 1958 (49 U.S.C. 40102(a)(30))and regulations promulgated thereunder over and above the Leased Premises, including but not limited to, damages resulting from noise, vibration, fumes, dust and particles. Tenant grants to the Landlord, its successors and assigns, a continuing right to keep the air space above the Airport Imaginary Surfaces as described in Federal Aviation Regulations Part 77 and depicted on the Airport Layout Plan (ALP) clear of any and all fences, crops, trees, poles, building or other obstructions of any kind or nature whatsoever which now extend, or which may any any time in the future extend, above said surfaces. Tenant grants the Landlord the right of ingress to, egress from, and passage over the Leased Premises for the purpose of effecting and maintaining such clearance and of removing any and all obstructions which now or may hereafter extend above the Airport Imaginary Surfaces as described in Federal Aviation Regulations Part 77 and depicted in the ALP. 16.06. Additional FAA Provisions. Airport Commission Packet May 17, 2012 Page 59 of 62 20 (a) The Tenant for himself, his heirs, personal representatives, successors in interest, and assigns, as a part of the consideration hereof, does hereby covenant and agree as a covenant running with the land that in the event facilities are constructed, maintained, or otherwise operated on the said property described in this Lease for a purpose for which a Department of Transportation program or activity is extended or for another purpose involving the provision of similar services or benefits, Tenant shall maintain and operate such facilities and services in compliance with all other requirements imposed pursuant to 49 CFR Part 21, Nondiscrimination in Federally Assisted Programs of the Department of Transportation, and as said Regulations may be amended. (b) The Tenant, for himself, his personal representative, successors in interest, and assigns, as a part of the consideration hereof, does hereby covenant and agree as a covenant running with the land that: (1) no person on the grounds of race, color, or national origin shall be excluded from participation in, denied the benefits of, or be otherwise subject to discrimination in the use of said facilities, (2) that in the construction of any improvements on, over, or under such land and the furnishing of services thereon, no person on the grounds of race, color, or national origin shall be excluded from participation in, denied the benefits of, or otherwise be subject to discrimination, (3) that the Tenant, shall use the premises in compliance with all other requirements imposed by or pursuant to 49 CFR Part 21, Nondiscrimination in Federally Assisted Programs of the Department of Transportation, and as said Regulations may be amended. (c) Landlord reserves the right further to develop or improve the landing area and all publicly -owned air navigation facilities of the airport as it sees fit, regardless of the desires or views of Tenant, and without interferences or hindrance. (d) Landlord reserves the right to take any action it considers necessary to protect the serial approaches of the airport against obstructions, together with the right to prevent Tenant from erecting, or permitting to be erected, any building or other structure on the airport which in the opinion of Landlord would limit the usefulness of the airport or constitute a hazard to aircraft. (e) During time of war or national emergency Landlord shall have the right to enter into an agreement with the United States Government for military or naval use of part or all of the landing area, the publicly -owned air navigation facilities and /or other areas or facilities of the airport. If any such agreement is executed, the provisions of this instrument, insofar as they are inconsistent with the provisions of the agreement with the Government, shall be suspended. (f) It is understood and agreed that the rights granted by this agreement will not be exercised in such a way as to interfere with or adversely affect the use, operation, maintenance or development of the airport. (g) The Lease shall become subordinate to provisions of any existing or future agreement between the Landlord and the United States of America or any agency thereof relative to the operation, development, or maintenance of the airport, the execution of which has been or may be required as a condition precedent to the expenditure of federal funds for the development of the airport. IOWA CITY AIRPORT COMMISSION M Chairperson ATTEST: Secretary Approved By: City Attorney's Office Jet Air, Inc. Airport Commission Packet May 17, 2012 Page 60 of 62 21 Date Date Date Airport Commission Packet May 17, 2012 Page 61 of 62 22 Commission's Acknowledgement STATE OF IOWA ) ) SS: JOHNSON COUNTY ) On this day of 2012, before me_ personally appeared and , to me personally known, who, being by me duly sworn, did say that they are the Chair and Secretary, respectively, of the Iowa City Airport Commission and that the instrument was signed and sealed on behalf of the Commission, and the execution of the instrument to be their voluntary act and deed of the Commission, by it voluntarily executed. Notary Public in and for said County and State Tenant's Acknowledgement STATE OF IOWA ) ) ss: COUNTY OF IOWA ) This instrument was acknowledged before me on of Jet Air, Inc. . 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