Consultation with Air Carriers · Consultation with Air Carriers ... Design and Construct Cargo Apron Access ... discharges at BNIA drain directly to Ellicott Creek at the north end

Consultation with Air Carriers §158.23

Passenger Facility Charge Application #7

Buffalo Niagara International Airport and

Niagara Falls International Airport

BNIA Conference Room December 13, 2006 – 9:00 AM

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E X H I B I T I - 1

P R O J E C T D E S C R I P T I O N S

P F C A P P L I C A T I O N N O . 7

• 1. Design and Construct Cargo Apron Access Road, NFIA, (FFY 2007)

The project provides for replacement of the existing access road with a new 24-foot wide Asphalt Concrete Road complete with subbase and a 9" wearing surface to a cargo area at the Niagara Falls International Airport. The 2,175-foot road generally follows the existing permanent easement from the Carborundum entrance at Walmore Road to the existing cargo area and the proposed locations for the new cargo apron and new cargo hangar facility to be constructed by Niagara Cargo Port at NFIA. The project includes pavement markings, fencing, drainage and lighting improvements. The estimated project cost is $1,250,000. • 2. Design and Construction of New Cargo Apron, NFIA, (FFY 2007)

This project consists of the design and construction of 161,470 square feet of new apron to accommodate air cargo development and expansion at the Niagara Falls International Airport. The new apron will be constructed adjacent to the existing “north” apron that serves the existing Condor hangar. The “north” apron is utilized for existing cargo operations. However, the existing apron is undersized and restricts future growth of cargo operations. The proposed new apron will be constructed to accommodate B747-400 aircraft, and includes approximately 110,488 square feet of full depth 14” PCC and 50,982 square feet of bituminous pavement, piping and infrastructure for drainage and glycol collection, and airfield electrical, signage and markings. Project design is expected to begin in Fall 2006, with construction to begin in Spring 2007, and completion scheduled for Fall, 2007. The estimated project cost is $4,600,000.

The following projects were included within airline consultation materials provided on March 15, 2006. The following descriptions recognize the FAA’s comments on the proposed projects and cost estimate revisions. Projects that are amendments to previous Records of Decisions (ROD) are identified. • 3. Construction of Baggage Handling System Improvements, BNIA, (FFY 2006 - 2008)

This project entails the design and construction of modifications to expand the passenger terminal facility and the baggage handling system to accommodate conversion of the original, individual outbound baggage belt systems into a single, unified, automated, outbound baggage delivery, inspection and sorting system. Improvements are necessary to meet the increased demand for baggage handling and enhanced security and baggage inspection measures. The revised and reconfigured systems will provide for the more cost-effective screening and security review of baggage than is presently possible at BNIA. The facility improvements and the revised baggage delivery system will enhance the ergonomics associated with the baggage inspection and handling activity, better utilize existing spaces within the terminal facility, and allow for the potential reduction in staff required for the baggage security inspection activity. The estimated cost of the terminal expansion, $6,842,000, together with estimated cost of the baggage system improvements, $15,858,000, result in a cost estimate of $22,700,000, to design and construct the project.

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E X H I B I T I , c o n ’ t

PROJECT DESCRIPTIONS PFC APPLICATION NO. 7

NFTA submitted PFC Application No. 6, to the FAA in November 2006, seeking authority to impose and use $15,525,000, of PFC revenue to design and construct the baggage system improvement project based on preliminary cost estimate of $19,000,000. Including project financing the total project estimate was $22,500,000. Since the submittal of PFC Application No. 6, the cost estimates for the design and construction of the project have been revised to $22,700,000. The financial plans identified herein as Plans ‘A’ and ‘B’ provide alternative funding scenarios for the project. Funding Plan ‘A’ anticipates FAA and NYSDOT grant assistance of $5,986,750, will be provided for the project, with dedication of PFCs of $22,313,250, to complete project financing. Funding Plan ‘B’ illustrates project financing without the FAA and NYSDOT grant funding and dedication of $30,970,000, of PFCs to complete project financing. • 4. Subsurface Engineered Wetland Water Quality Project, BNIA, (FFY 2006 - 2007)

This project entails construction of a Subsurface Engineered Wetlands over approximately 9.4 acres on the airport. These subsurface wetlands will biologically treat non-point source glycol wastewater from the airport property and permit its discharge into Ellicott Creek. Currently, stormwater discharges at BNIA drain directly to Ellicott Creek at the north end of the airport and to the U-Crest Ditch, a tributary of Scajaquada Creek at the south side. Both of these creeks drain to the Lake Erie/Niagara River. In recent years, NFTA significantly improved its glycol collection capability, thereby reducing the stormwater discharge into the Ellicott Creek. The existing facilities of the Town of Cheektowaga do not have the capacity to handle the increased volume of effluent, which is treated once it reaches facilities of the Buffalo Sewer Authority. The proposed improvement will preserve and enhance the water quality of Scajaquada and Ellicott Creeks, as well as the Niagara River. The estimated cost of this project, including financing costs, of $1,434,039, is $11,234,039.

• 5. Design and Implement Noise Mitigation Measures, BNIA, (FFY 2006 - 2009)

This project involves implementing sound mitigating measures in residences, schools, and businesses where excessive noise from airport operations is present. The project includes the voluntary acquisition and relocation assistance to a limited number of residential properties located within a 75 DNL contour in the vicinity of the airport. The project also includes sound insulation treatment for the two schools and one church within the 65 DNL noise contours, and a voluntary sound insulation program for homeowners in the 65 DNL contour. The sound insulation program is expected to affect approximately 1,340 single-family dwellings, 400 multiple-family dwellings. The estimated cost is $19,975,500 for the first four years for which we seek PFC authorization. NFTA intends on implementing the project in annual increments consistent with the availability of federal funding.

• 6. Design and Construction, Extension and Rehabilitation of R/W 5-23, BNIA

(amendment to ROD 5)

This project provides for the design and construction of the rehabilitation of the entire length of Runway 5-23 and associated structures, displacement of the Runway 5 threshold by approximately 200 feet, relocation of the ILS System, and a runway extension of approximately 725 feet on the 23 end. The rehabilitation of Runway 5-23, includes milling and replacement with a new layer of asphalt of like thickness. The further displacement of the Runway 5 threshold (to be added to an existing displacement of 335 feet) is necessary to create a full 1,000-foot Runway Safety Area to comply with FAA safety standards.

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The extension will increase the length of R/W 5-23 from 8,102 feet to 8,827 feet. The 725-foot extension is needed to recapture runway length lost due to threshold displacement on the Runway 5 end and provides additional take-off length and margin of safety.

The total project estimate for the Rehabilitation and Extension of Runway 5/23 is $15,660,000. FAA Airport Improvement Program, NYSDOT and PFC funds contributed 75%, 12.5% and 12.5 % to the total project costs, respectively. FAA approved PFC funding in the amount of $1,957,000 for this project under “ROD 5”. The completion of the rehabilitation and extension of the runway is expected to exceed available project funding. To reimburse eligible project expenditures, NFTA seeks approval for the imposition and use of PFC revenues in the amount of $675,000 under an amendment to ROD 5.

• 7. Design and Construction, Extension and Rehabilitation of Taxiway ‘A’, BNIA (amendment to ROD 5)

This project provides for the design and construction of the rehabilitation of the entire length of Taxiway ‘A’ and associated structures, and an extension of approximately 535 feet on the 23 end, resulting in a total taxiway length of 8,637 feet. The rehabilitation of Taxiway ‘A’ will be performed concurrent with the rehabilitation and extension of Runway 5-23 at BNIA.

The total project estimate for the Rehabilitation and Extension of Taxiway ‘A’ is $19,140,000. FAA Airport Improvement Program, NYSDOT and PFC funds contributed 75%, 12.5% and 12.5 % to the total project costs, respectively. FAA approved PFC funding in the amount of $2,392,500 for this project under “ROD 5”. The completion of the rehabilitation and extension of the taxiway is expected to exceed available project funding. To reimburse eligible project expenditures, NFTA seeks approval for the imposition and use of PFC revenues in the amount of $825,000 under an amendment to ROD 5.

• 8. Design and Construct Internal Perimeter Road Extension, (FFY 2006-2007)

This project would entail construction of a section of internal access road from the point where the existing internal access road intersects with North Airport Drive to the general aviation apron adjacent to Prior Aviation. The BNIA Master Plan Update completed in March, 2002 recommends that separation be maintained between the airport’s internal access (perimeter) road and public roads. This project addresses the only remaining section of the airport perimeter that is not covered by the internal airport access road. Completion of this missing section of internal access road would provide continuous and efficient internal airport access for various airport functions including, but not limited to, operations concerning security, NFTA police, ARF, airfield maintenance, etc. The estimated cost to design and construct these improvements is $500,000.

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• 9. PFC Planning and Programming Administration (amendments to ROD 4, ROD 5, and PFC Application No. 6)

NFTA retained Parsons Brinkerhoff (PB) Aviation consultant services to assist in the preparation of financial plans for PFC program amendments and applications for the imposition and use of PFC revenues for new projects. Additionally, the NFTA Aviation Group, Finance and Administration, and Engineering Departments assist in the preparation of application documentation and the administration of the approved PFC projects. NFTA seeks approval to impose and use PFC funding for program administration in support of amendments to ROD 4 and ROD 5 in the amounts of $39,000 and $25,000, respectively and $121,000 to support PFC application No. 6. In total, approval to impose and use PFC revenues in the amount of $185,000 is requested. The allocation of administrative expenses is based on the proportional share of these PFC program elements.

• 10. Purchase Friction Tester, Safety, Snow Removal, Passenger Shuttle, and Security Vehicles for use at Buffalo Niagara International Airport, (FFY 2007 - 2008)

Equipment Item Cost Year

Replace Friction Tester $135,000 2006 The existing friction tester vehicle, used to measure braking action of aircraft on the runway surfaces, has exceeded its useful life. The replacement friction tester vehicle will permit objective measurement of the braking action, including the measurement of surface friction changes related to weather, high usage, aging, and contaminant build-up on runway surfaces. The friction tester vehicle is estimated to cost $135,000.

Replace Snow Equipment (amendment to ROD 4) In order to assure safe and efficient operation at the airport, the purchase of certain new equipment items and replacement of equipment that exceeded their useful lives is planned. The pieces of equipment, generally, are multi-purpose in that they will be used extensively for snow removal functions on runways, taxiways and aprons but also used to maintain safe pavement conditions year round. Replacement of the equipment is in accordance with 14 CFR Part 139. The equipment has been included in the FAA’ approved Snow and Ice Control Removal Plans. The itemized costs for this equipment is as follows: REPLACE UNIMOG $100,000 2008 REPLACE 2 SNOW BLOWERS $730,000 2008 REPLACE ONE TON FRAME FOR SPREADER $40,000 2007

Total Snow Equipment $870,000

ROD 4 authorized $5,577,054, to procure various pieces of Snow Removal Equipment for use at BNIA. The estimated cost of the four (4) equipment items remaining to be purchased under the ROD 4 authorization is $939,150. The total cost of snow removal equipment purchased and estimated under ROD 4 is $5,101,054. This leaves $476,000, as the balance remaining from the ROD 4 authorization for purchase of snow removal equipment at BNIA. The projected cost of the snow removal equipment items to be authorized under this proposed amendment is $870,000. This amount, when reduced by the remaining authorization of $476,000, results in a need for $394,000, of additional PFC funding proposed as an amendment to ROD 4, for the snow removal equipment purchases at BNIA identified hereinabove.

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Purchase Passenger Shuttle Equipment (amendment to ROD 4)

NFTA proposes to replace one passenger shuttle vehicle that has exceeded its useful life and two additional shuttle vehicles to accommodate passenger demand. In 2003 an additional parking lot was opened on off-site airport property, commonly referred to as the Economy Lot. Due to a 13.5% increase in passengers from December 2002 to the current time, and use of the Economy Lot, additional operational and customer service demand has been placed on the authorized fleet of 15 shuttle bus units. Accordingly, a 2 shuttle bus addition to the fleet, increasing the authorized fleet size to 17 shuttle bus units, is required to meet the increased demands for shuttle bus operations. In total, the vehicles are estimated to cost $150,000 as detailed below.

REPLACE ONE (1) SHUTTLE BUS $50,000 2008

PURCHASE TWO (2) ADD SHUTTLE BUSES $100,000 2008

Total Passenger Shuttle Equipment $150,000

ROD 4 authorized $1,205,568, for shuttle bus procurements. The actual and estimated cost of the twenty shuttle buses authorized by ROD 4 with procurements through FY 2008 is now projected at $990,130. The difference between the ROD 4 authorized amount and the revised projected cost of 20 shuttle buses is $215,438. The estimated cost of three shuttles to be purchased in 2008 is $150,000. The remaining authorized balance of $215,438, less the projected cost of 3 shuttles, $150,000, results in $65,438, as excess PFC authorization for shuttle bus procurements. As a result the PFCs authorized under ROD 4 may be reduced by $65,438.

Reduction – Procurement of Passenger Shuttle Buses ` ($65,438) Purchase Security Police Vehicles, BNIA (amendment to ROD 4)

NFTA proposes to replace three (3) police vehicles that have exceeded their useful life. The vehicles are used to provide airport security as detailed in the approved airport security plan. The replacement vehicles are estimated to cost $90,000.

PURCHASE THREE (3) REPLACEMENT POLICE VEHICLES $90,000 2008

ROD 4 authorized use and collection of $175,000 of PFCs to purchase replacement Safety Equipment for use at BNIA. The total cost of the security equipment purchased and estimated under ROD 4 is $166,779. This leaves $8,771 available for procurement of security equipment under the ROD 4 authorization. The estimated cost of equipment under this amendment, $90,000, when reduced by the remaining authorization of $8,771, results in a need for additional PFC funding allocated for Safety Equipment of $81,229.

Procurement of Safety Equipment, BNIA. (amendment to ROD 4)

ROD 4 authorized use and collection of $1,051,000 of PFCs to purchase replacement Safety Equipment for use at BNIA. The total cost of purchasing all Safety Equipment authorized under the ROD 4 authorization was $1,028,050. As a result the PFCs authorized under ROD 4 may be reduced by $22,950.

Reduction – Procurement of Safety Equipment ` ($22,950)

II. PFC FINANCIAL PLAN

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TABLE II-1 BAGGAGE PROJECT

FUNDING PLAN COMPARISON

PFC #6 Funding FundingAs Submitted Plan A Plan B

Construction & Design $19,000,000 $22,700,000 $22,700,000Financing 3,500,000 5,600,000 8,270,000

TOTAL $22,500,000 $28,300,000 $30,970,000

LESS:Federal $5,131,500 $5,131,500 $0State 855,250 855,250 0Local 988,250 0 0PFCs

PAYG 4,200,000 4,200,000 4,200,000Bond Capital 7,825,000 12,513,250 18,500,000Interest 3,500,000 5,600,000 8,270,000

Total PFCs $15,525,000 $22,313,250 $30,970,000

NET FUNDING $0 $0 $0

PFC #6 Amendment

TABLE II-2A

PFC REVENUE PROJECTIONS Actual Projected Projected Projected Projected Projected Projected Projected

2006 2007 2008 2009 2010 2011 2012 2013

BUF Enplanements 1 2,454,230 2,529,633 2,605,037 2,680,441 2,755,845 2,831,248 2,906,653 2,982,058

Enplanements for PFCs 2 2,405,888 2,276,669 2,344,534 2,412,397 2,480,260 2,548,123 2,615,988 1,256,766Amount to be Charged 3 $3.00 $3.00 $4.50 $4.50 $4.50 $4.50 $4.50 $4.50AMOUNT OF PFCs $7,217,665 $6,830,008 $10,550,401 $10,855,786 $11,161,170 $11,466,555 $11,771,944 $5,655,446

LESS: Carrier Compensation (264,648) (250,434) (257,899) (265,364) (272,829) (280,294) (287,759) (138,244)PLUS: Investment Earnings 236,116 167,620 260,536 268,078 275,619 283,160 290,702 139,658

ADJUSTED PFC REV POTENTIAL $7,189,133 $6,747,194 $10,553,039 $10,858,500 $11,163,961 $11,469,422 $11,774,887 $5,656,860

CUMULATIVE PFCs COLLECTED 4 $71,495,103 $78,242,297 $88,795,336 $99,653,835 $110,817,796 $122,287,218 $134,062,105 $139,718,965

4 Cumulative PFC revenue for FY 2006 reflects amounts presented in the Authority's PFC Quarterly Report as of March 31, 2006.

3 An increase in the PFC collected to $4.50 per enplanement is assumed to occur April 1, 2007

1 The amounts for FY 2006 are actual enplanements. Projected enplanements were developed using the growth rates in the 2006 FAA Terminal Area Forecasts for the Airport applied to actual FY 2006 enplanements.

2 Historically, the average collection rate has been approximately 95 percent of actual enplanements. To be conservative, for the remaining years, it is assumed that PFCs will be collected for approximately 90 percent of enplanements.

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TABLE II-3A PROPOSED PFC PROJECT FUNDNG PLAN SUMMARY

Federal State Local PFCs 1 PAYG Bond Capital Interest

PFC #7NFIA Cargo Apron Roadway $1,250,000 $0 $0 $0 $1,250,000 $1,250,000 $0 $0NFIA Cargo Apron 4,600,000 0 300,000 0 4,300,000 4,300,000 0 0

TOTAL PFC #7 $5,850,000 $0 $300,000 $0 $5,550,000 $5,550,000 $0 $0

PFC #6 AmendmentBaggage Handling System Improvements $5,800,000 $0 $0 ($988,250) $6,788,250 $0 $4,688,250 $2,100,000

TOTAL PFC #6 AMENDMENT $5,800,000 $0 $0 ($988,250) $6,788,250 $0 $4,688,250 $2,100,000

PFC #6 (As Submitted)Baggage Handling System Improvements $22,500,000 $5,131,500 $855,250 $988,250 $15,525,000 $4,200,000 $7,825,000 $3,500,000Engineered Wetland Water Quality 11,234,039 816,891 486,148 0 9,931,000 0 8,496,961 1,434,039Part 150 Noise Compatibility Program 19,975,500 15,980,400 1,997,550 0 1,997,550 1,997,550 0 0Internal Perimeter Road Extension 500,000 375,000 62,500 0 62,500 62,500 0 0Friction Tester 135,000 0 0 0 135,000 135,000 0 0PFC Administration 121,000 0 0 0 121,000 121,000 0 0

TOTAL PFC #6 $54,465,539 $22,303,791 $3,401,448 $988,250 $27,772,050 $6,516,050 $16,321,961 $4,934,039

0204C00BUF AmendmentBNIA Safety Equipment ($22,950) $0 $0 $0 ($22,950) ($22,950) $0 $0BNIA Security Equipment 81,229 0 0 0 81,229 81,229 0 0BNIA Snow Removal Equipment 394,000 0 0 0 394,000 394,000 0 0BNIA Passenger Movement Equipment (65,438) 0 0 0 (65,438) (65,438) 0 0PFC Administration 39,000 0 0 0 39,000 39,000 0 0

TOTAL PFC #4 AMENDMENT $425,841 $0 $0 $0 $425,841 $425,841 $0 $0

0405C00BUF AmendmentRunway 5/23 Extension & Rehab $675,000 $0 $0 $0 $675,000 $675,000 $0 $0Taxiway "A" Extension & Rehab 825,000 0 0 0 825,000 825,000 0 0PFC Administration 25,000 0 0 0 25,000 25,000 0 0

TOTAL PFC #5 AMENDMENT $1,525,000 $0 $0 $0 $1,525,000 $1,525,000 $0 $0

TOTAL PROPOSED PFC PROJECTS $68,066,380 $22,303,791 $3,701,448 $0 $42,061,141 $14,016,891 $21,010,211 $7,034,039

1 The amounts presented for the amendments to PFC #4 and PFC #5 are net adjustments to existing PFC approvals representing current and planned expenditures.

Source: Authority; Compiled by PB

FUNDING SOURCES PFCsTotal Project

Costs

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TABLE II-4A (Page 1 of 2)

DETAILED PFC PROJECT FUNDNG PLAN Actual Projected Projected Projected Projected Projected Projected Projected

Total 2006 2007 2008 2009 2010 2011 2012 2013

TOTAL PROJECT COSTSPFC #7

NFIA Cargo Apron Roadway $1,250,000 $0 $0 $1,250,000 $0 $0 $0 $0 $0NFIA Cargo Apron 4,600,000 0 0 4,600,000 0 0 0 0 0

TOTAL PFC #7 $5,850,000 $0 $0 $5,850,000 $0 $0 $0 $0 $0

PFC #6 AmendmentBaggage Handling System Improvements $5,800,000 $0 $0 ($988,250) $113,227 $1,915,748 $1,915,748 $1,915,748 $927,779

TOTAL PFC #6 AMENDMENT $5,800,000 $0 $0 ($988,250) $113,227 $1,915,748 $1,915,748 $1,915,748 $927,779

PFC #6 (As Submitted)Baggage Handling System Improvements $22,500,000 $0 $825,000 $4,363,250 $854,166 $4,723,367 $4,723,367 $4,723,367 $2,287,483Engineered Wetland Water Quality 11,234,039 0 1,303,039 0 165,648 2,802,680 2,802,680 2,802,680 1,357,312Part 150 Noise Compatibility Program 19,975,500 1,493,200 6,114,800 5,820,000 6,547,500 0 0 0 0Internal Perimeter Road Extension 500,000 0 66,000 434,000 0 0 0 0 0Friction Tester 135,000 135,000 0 0 0 0 0 0 0PFC Administration 121,000 15,000 36,000 30,000 25,000 15,000 0 0 0

TOTAL PFC #6 $54,465,539 $1,643,200 $8,344,839 $10,647,250 $7,592,314 $7,541,047 $7,526,047 $7,526,047 $3,644,795

0204C00BUF AmendmentBNIA Safety Equipment ($22,950) ($22,950) $0 $0 $0 $0 $0 $0 $0BNIA Security Equipment 81,229 0 40,615 40,615 0 0 0 0 0BNIA Snow Removal Equipment 394,000 0 0 394,000 0 0 0 0 0BNIA Passenger Movement Equipment (65,438) (65,438) 0 0 0 0 0 0 0PFC Administration 39,000 0 19,000 10,000 10,000 0 0 0 0

TOTAL PFC #4 AMENDMENT $425,841 ($88,388) $59,615 $444,615 $10,000 $0 $0 $0 $0

0405C00BUF AmendmentRunway 5/23 Extension & Rehab $675,000 $675,000 $0 $0 $0 $0 $0 $0 $0Taxiway "A" Extension & Rehab 825,000 825,000 0 0 0 0 0 0 0PFC Administration 25,000 0 12,500 12,500 0 0 0 0 0

TOTAL PFC #5 AMENDMENT $1,525,000 $1,500,000 $12,500 $12,500 $0 $0 $0 $0 $0

TOTAL PROJECT COSTS $68,066,380 $3,054,812 $8,416,954 $15,966,115 $7,715,541 $9,456,795 $9,441,795 $9,441,795 $4,572,573

FEDERAL FUNDSPFC #7

NFIA Cargo Apron Roadway $0 $0 $0 $0 $0 $0 $0 $0 $0NFIA Cargo Apron 0 0 0 0 0 0 0 0 0

TOTAL PFC #7 $0 $0 $0 $0 $0 $0 $0 $0 $0

PFC #6 AmendmentBaggage Handling System Improvements $0 $0 $0 $0 $0 $0 $0 $0 $0

TOTAL PFC #6 AMENDMENT $0 $0 $0 $0 $0 $0 $0 $0 $0

PFC #6 (As Submitted)Baggage Handling System Improvements $5,131,500 $0 $0 $0 $570,229 $1,309,096 $1,309,096 $1,309,096 $633,983Engineered Wetland Water Quality 816,891 0 816,891 0 0 0 0 0 0Part 150 Noise Compatibility Program 15,980,400 1,194,560 4,891,840 4,656,000 5,238,000 0 0 0 0Internal Perimeter Road Extension 375,000 0 49,500 325,500 0 0 0 0 0Friction Tester 0 0 0 0 0 0 0 0 0PFC Administration 0 0 0 0 0 0 0 0 0

TOTAL PFC #6 $22,303,791 $1,194,560 $5,758,231 $4,981,500 $5,808,229 $1,309,096 $1,309,096 $1,309,096 $633,983

0204C00BUF AmendmentBNIA Safety Equipment $0 $0 $0 $0 $0 $0 $0 $0 $0BNIA Security Equipment 0 0 0 0 0 0 0 0 0BNIA Snow Removal Equipment 0 0 0 0 0 0 0 0 0BNIA Passenger Movement Equipment 0 0 0 0 0 0 0 0 0PFC Administration 0 0 0 0 0 0 0 0 0


0405C00BUF AmendmentRunway 5/23 Extension & Rehab $0 $0 $0 $0 $0 $0 $0 $0 $0Taxiway "A" Extension & Rehab 0 0 0 0 0 0 0 0 0PFC Administration 0 0 0 0 0 0 0 0 0


TOTAL FEDERAL FUNDS $22,303,791 $1,194,560 $5,758,231 $4,981,500 $5,808,229 $1,309,096 $1,309,096 $1,309,096 $633,983

STATE FUNDSPFC #7

NFIA Cargo Apron Roadway $0 $0 $0 $0 $0 $0 $0 $0 $0NFIA Cargo Apron 300,000 0 0 300,000 0 0 0 0 0

TOTAL PFC #7 $300,000 $0 $0 $300,000 $0 $0 $0 $0 $0

PFC #6 AmendmentBaggage Handling System Improvements $0 $0 $0 $0 $0 $0 $0 $0 $0


PFC #6 (As Submitted)Baggage Handling System Improvements 855,250 $0 $0 $0 $95,038 $218,183 $218,183 $218,183 $105,664Engineered Wetland Water Quality 486,148 0 486,148 0 0 0 0 0 0Part 150 Noise Compatibility Program 1,997,550 149,320 611,480 582,000 654,750 0 0 0 0Internal Perimeter Road Extension 62,500 0 8,250 54,250 0 0 0 0 0Friction Tester 0 0 0 0 0 0 0 0 0PFC Administration 0 0 0 0 0 0 0 0 0

TOTAL PFC #6 $3,401,448 $149,320 $1,105,878 $636,250 $749,788 $218,183 $218,183 $218,183 $105,664





TOTAL STATE FUNDS $3,701,448 $149,320 $1,105,878 $936,250 $749,788 $218,183 $218,183 $218,183 $105,664

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Total 2006 2007 2008 2009 2010 2011 2012 2013

PFCsPFC #7


TOTAL PFC #7 $5,550,000 $0 $0 $5,550,000 $0 $0 $0 $0 $0

PFC #6 AmendmentBaggage Handling System Improvements $6,788,250 $0 $0 $0 $113,227 $1,915,748 $1,915,748 $1,915,748 $927,779

TOTAL PFC #6 AMENDMENT $6,788,250 $0 $0 $0 $113,227 $1,915,748 $1,915,748 $1,915,748 $927,779

PFC #6 (As Submitted)Baggage Handling System Improvements $15,525,000 $0 $825,000 $3,375,000 $188,899 $3,196,088 $3,196,088 $3,196,088 $1,547,836Engineered Wetland Water Quality 9,931,000 0 0 0 165,648 2,802,680 2,802,680 2,802,680 1,357,312Part 150 Noise Compatibility Program 1,997,550 149,320 611,480 582,000 654,750 0 0 0 0Internal Perimeter Road Extension 62,500 0 8,250 54,250 0 0 0 0 0Friction Tester 135,000 135,000 0 0 0 0 0 0 0PFC Administration 121,000 15,000 36,000 30,000 25,000 15,000 0 0 0

TOTAL PFC #6 $27,772,050 $299,320 $1,480,730 $4,041,250 $1,034,297 $6,013,768 $5,998,768 $5,998,768 $2,905,148





TOTAL PFCs $42,061,141 $1,710,932 $1,552,845 $10,048,365 $1,157,524 $7,929,517 $7,914,517 $7,914,517 $3,832,927

LOCALPFC #7


TOTAL PFC #7 $0 $0 $0 $0 $0 $0 $0 $0 $0

PFC #6 AmendmentBaggage Handling System Improvements ($988,250) $0 $0 ($988,250) $0 $0 $0 $0 $0

TOTAL PFC #6 AMENDMENT ($988,250) $0 $0 ($988,250) $0 $0 $0 $0 $0

PFC #6 (As Submitted)Baggage Handling System Improvements $988,250 $0 $0 $988,250 $0 $0 $0 $0 $0Engineered Wetland Water Quality 0 0 0 0 0 0 0 0 0Part 150 Noise Compatibility Program 0 0 0 0 0 0 0 0 0Friction Tester 0 0 0 0 0 0 0 0 0Internal Perimeter Road Extension 0 0 0 0 0 0 0 0 0PFC Administration 0 0 0 0 0 0 0 0 0

TOTAL PFC #6 $988,250 $0 $0 $988,250 $0 $0 $0 $0 $0





TOTAL LOCAL FUNDS $0 $0 $0 $0 $0 $0 $0 $0 $0


PFC CASH FLOW Through Projected Projected Projected Projected Projected Projected Projected Projected

Total 2006 2007 2008 2009 2010 2011 2012 2013 2014

PFC Funds Collected $139,718,965 $71,495,103 $6,747,194 $10,553,039 $10,858,500 $11,163,961 $11,469,422 $11,774,887 $5,656,860 $0Cumulative PFCs Collected 139,718,965 $71,495,103 $78,242,297 $88,795,336 $99,653,835 $110,817,796 $122,287,218 $134,062,105 $139,718,965 $139,718,965

LESS:Series 1994 Debt Service ¹ 35,218,518 10,525,855 1,403,821 1,410,220 1,417,822 1,426,476 1,430,234 1,436,524 1,446,723 1,447,105Series 1999 Debt Service ² 11,000,000 8,642,502 1,000,000 800,000 557,498 0 0 0 0 0

Approved Completed Pay As You Go Project Costs9201I00BUF 27,615,307 27,615,307 0 0 0 0 0 0 0 09502C00BUF 2,603,022 2,603,022 0 0 0 0 0 0 0 09803C00BUF 1,903,155 1,903,155 0 0 0 0 0 0 0 00204C00BUF 106,386 106,386 0 0 0 0 0 0 0 0

Approved Ongoing Pay As You Go Project Costs0204C00BUF

PFC Program Planning & Administration 159,678 159,678 0 0 0 0 0 0 0 0R/W 14/32 Safety Impr & Reloc Remote Fuel Disp Facility 2,486,374 1,814,238 672,136 0 0 0 0 0 0 0BNIA Pax Movement Equipment 1,205,568 590,130 143,685 220,500 251,253 0 0 0 0 0BNIA Safety Equipment 1,051,000 521,859 529,141 0 0 0 0 0 0 0BNIA Security Equipment 175,500 95,113 80,387 0 0 0 0 0 0 0BNIA Snow Removal Equipment 5,577,054 3,441,708 188,150 1,362,408 188,150 396,638 0 0 0 0NFIA Snow Removal Equipment 1,491,000 191,784 712,216 235,000 0 352,000 0 0 0 0Security Badging System 20,000 10,068 9,932 0 0 0 0 0 0 0

0405C00BUFRunway 5/23 Extension & Rehab 1,957,500 965,907 991,593 0 0 0 0 0 0 0Taxiway "A" Extension & Rehab 2,392,500 1,180,553 1,211,947 0 0 0 0 0 0 0Runway 14/32 Extension 942,868 854,818 88,050 0 0 0 0 0 0 0Taxiway "D" Extension, Widening, & Rehab 1,152,394 1,044,777 107,617 0 0 0 0 0 0 0Overhead Canopy for Ped. Walkway - Arrs & Deps Levels 600,000 100,400 499,600 0 0 0 0 0 0 0

Proposed Ongoing Pay As You Go Project Costs

PFC #7NFIA Cargo Apron Roadway 1,250,000 0 0 1,250,000 0 0 0 0 0 0NFIA Cargo Apron 4,300,000 0 0 4,300,000 0 0 0 0 0 0

PFC #6 AmendmentBaggage Handling System Improvements 6,788,250 0 0 0 113,227 1,915,748 1,915,748 1,915,748 927,779 0

PFC #6 (As Submitted)Baggage Handling System Improvements 15,525,000 0 825,000 3,375,000 188,899 3,196,088 3,196,088 3,196,088 1,547,836 0Engineered Wetland Water Quality 9,931,000 0 0 0 165,648 2,802,680 2,802,680 2,802,680 1,357,312 0Part 150 Noise Compatibility Program 1,997,550 149,320 611,480 582,000 654,750 0 0 0 0 0Internal Perimeter Road Extension 62,500 0 8,250 54,250 0 0 0 0 0 0Friction Tester 135,000 135,000 0 0 0 0 0 0 0 0PFC Administration 121,000 15,000 36,000 30,000 25,000 15,000 0 0 0 0

0204C00BUF AmendmentBNIA Safety Equipment (22,950) (22,950) 0 0 0 0 0 0 0 0BNIA Security Equipment 81,229 0 40,615 40,615 0 0 0 0 0 0BNIA Snow Removal Equipment 394,000 0 0 394,000 0 0 0 0 0 0BNIA Passenger Movement Equipment (65,438) (65,438) 0 0 0 0 0 0 0 0PFC Administration 39,000 0 19,000 10,000 10,000 0 0 0 0 0

0405C00BUF AmendmentRunway 5/23 Extension & Rehab 675,000 675,000 0 0 0 0 0 0 0 0Taxiway "A" Extension & Rehab 825,000 825,000 0 0 0 0 0 0 0 0PFC Administration 25,000 0 12,500 12,500 0 0 0 0 0 0

PFC Expenditures $139,718,965 $64,078,192 $9,191,120 $14,076,493 $3,572,247 $10,104,630 $9,344,750 $9,351,041 $5,279,650 $1,447,105

Annual Surplus/(Deficit) $0 $7,416,911 ($2,443,926) ($3,523,454) $7,286,253 $1,059,331 $2,124,671 $2,423,846 $377,210 ($1,447,105)

PFC Fund Surplus/(Deficit) $7,416,911 $4,972,985 $1,449,531 $8,735,784 $9,795,115 $11,919,786 $14,343,632 $14,720,842 $13,273,737_________________________

¹ The Series 1994 Debt Service amount was approved under PFC Application #9201I00BUF.

² The Series 1999 Debt Service amount was approved under PFC Application #0204C00BUF.

II-6


PFC CASH FLOW Projected Projected Projected Projected Projected Projected Projected Projected Projected

Total 2015 2016 2017 2018 2019 2020 2021 2022 2023

PFC Funds Collected $139,718,965 $0 $0 $0 $0 $0 $0 $0 $0 $0Cumulative PFCs Collected 139,718,965 $139,718,965 $139,718,965 $139,718,965 $139,718,965 $139,718,965 $139,718,965 $139,718,965 $139,718,965 $139,718,965

LESS:Series 1994 Debt Service ¹ 35,218,518 1,449,709 1,453,242 1,454,996 1,466,548 1,475,381 1,478,072 1,494,723 1,499,187 1,501,879Series 1999 Debt Service ² 11,000,000 0 0 0 0 0 0 0 0 0

Approved Completed Pay As You Go Project Costs9201I00BUF 27,615,307 0 0 0 0 0 0 0 0 09502C00BUF 2,603,022 0 0 0 0 0 0 0 0 09803C00BUF 1,903,155 0 0 0 0 0 0 0 0 00204C00BUF 106,386 0 0 0 0 0 0 0 0 0


PFC Program Planning & Administration 159,678 0 0 0 0 0 0 0 0 0R/W 14/32 Safety Impr & Reloc Remote Fuel Disp Facility 2,486,374 0 0 0 0 0 0 0 0 0BNIA Pax Movement Equipment 1,205,568 0 0 0 0 0 0 0 0 0BNIA Safety Equipment 1,051,000 0 0 0 0 0 0 0 0 0BNIA Security Equipment 175,500 0 0 0 0 0 0 0 0 0BNIA Snow Removal Equipment 5,577,054 0 0 0 0 0 0 0 0 0NFIA Snow Removal Equipment 1,491,000 0 0 0 0 0 0 0 0 0Security Badging System 20,000 0 0 0 0 0 0 0 0 0

0405C00BUFRunway 5/23 Extension & Rehab 1,957,500 0 0 0 0 0 0 0 0 0Taxiway "A" Extension & Rehab 2,392,500 0 0 0 0 0 0 0 0 0Runway 14/32 Extension 942,868 0 0 0 0 0 0 0 0 0Taxiway "D" Extension, Widening, & Rehab 1,152,394 0 0 0 0 0 0 0 0 0Overhead Canopy for Ped. Walkway - Arrs & Deps Levels 600,000 0 0 0 0 0 0 0 0 0


PFC #7NFIA Cargo Apron Roadway 1,250,000 0 0 0 0 0 0 0 0 0NFIA Cargo Apron 4,300,000 0 0 0 0 0 0 0 0 0

PFC #6 AmendmentBaggage Handling System Improvements 6,788,250 0 0 0 0 0 0 0 0 0

PFC #6 (As Submitted)Baggage Handling System Improvements 15,525,000 0 0 0 0 0 0 0 0 0Engineered Wetland Water Quality 9,931,000 0 0 0 0 0 0 0 0 0Part 150 Noise Compatibility Program 1,997,550 0 0 0 0 0 0 0 0 0Internal Perimeter Road Extension 62,500 0 0 0 0 0 0 0 0 0Friction Tester 135,000 0 0 0 0 0 0 0 0 0PFC Administration 121,000 0 0 0 0 0 0 0 0 0

0204C00BUF AmendmentBNIA Safety Equipment (22,950) 0 0 0 0 0 0 0 0 0BNIA Security Equipment 81,229 0 0 0 0 0 0 0 0 0BNIA Snow Removal Equipment 394,000 0 0 0 0 0 0 0 0 0BNIA Passenger Movement Equipment (65,438) 0 0 0 0 0 0 0 0 0PFC Administration 39,000 0 0 0 0 0 0 0 0 0

0405C00BUF AmendmentRunway 5/23 Extension & Rehab 675,000 0 0 0 0 0 0 0 0 0Taxiway "A" Extension & Rehab 825,000 0 0 0 0 0 0 0 0 0PFC Administration 25,000 0 0 0 0 0 0 0 0 0


Annual Surplus/(Deficit) $0 ($1,449,709) ($1,453,242) ($1,454,996) ($1,466,548) ($1,475,381) ($1,478,072) ($1,494,723) ($1,499,187) ($1,501,879)

PFC Fund Surplus/(Deficit) $11,824,027 $10,370,786 $8,915,790 $7,449,242 $5,973,861 $4,495,789 $3,001,066 $1,501,879 $0_________________________



II-7

TABLE II-2B

PFC REVENUE PROJECTIONS Actual Projected Projected Projected Projected Projected Projected Projected Projected

2006 2007 2008 2009 2010 2011 2012 2013 2014

BUF Enplanements 1 2,454,230 2,529,633 2,605,037 2,680,441 2,755,845 2,831,248 2,906,653 2,982,058 3,057,460

Enplanements for PFCs 2 2,405,888 2,276,669 2,344,534 2,412,397 2,480,260 2,548,123 2,615,988 2,683,852 496,156Amount to be Charged 3 $3.00 $3.00 $4.50 $4.50 $4.50 $4.50 $4.50 $4.50 $4.50AMOUNT OF PFCs $7,217,665 $6,830,008 $10,550,401 $10,855,786 $11,161,170 $11,466,555 $11,771,944 $12,077,333 $2,232,700

LESS: Carrier Compensation (264,648) (250,434) (257,899) (265,364) (272,829) (280,294) (287,759) (295,224) (54,577)PLUS: Investment Earnings 236,116 167,620 260,536 268,078 275,619 283,160 290,702 298,243 55,135

ADJUSTED PFC REV POTENTIAL $7,189,133 $6,747,194 $10,553,039 $10,858,500 $11,163,961 $11,469,422 $11,774,887 $12,080,352 $2,233,258

CUMULATIVE PFCs COLLECTED 4 $71,495,103 $78,242,297 $88,795,336 $99,653,835 $110,817,796 $122,287,218 $134,062,105 $146,142,457 $148,375,715

4 Cumulative PFC revenue for FY 2006 reflects amounts presented in the Authority's PFC Quarterly Report as of March 31, 2006.

3 An increase in the PFC collected to $4.50 per enplanement is assumed to occur April 1, 2007

1 The amounts for FY 2006 are actual enplanements. Projected enplanements were developed using the growth rates in the 2006 FAA Terminal Area Forecasts for the Airport applied to actual FY 2006 enplanements.

2 Historically, the average collection rate has been approximately 95 percent of actual enplanements. To be conservative, for the remaining years, it is assumed that PFCs will be collected for approximately 90 percent of enplanements.

II-8

II-9

TABLE II-3B PROPOSED PFC PROJECT FUNDNG PLAN SUMMARY

Federal State Local PFCs 1 PAYG Bond Capital Interest

PFC #7NFIA Cargo Apron Roadway $1,250,000 $0 $0 $0 $1,250,000 $1,250,000 $0 $0NFIA Cargo Apron 4,600,000 0 300,000 0 4,300,000 4,300,000 0 0

TOTAL PFC #7 $5,850,000 $0 $300,000 $0 $5,550,000 $5,550,000 $0 $0

PFC #6 AmendmentBaggage Handling System Improvements $8,470,000 ($5,131,500) ($855,250) ($988,250) $15,445,000 $0 $10,675,000 $4,770,000

TOTAL PFC #6 AMENDMENT $8,470,000 ($5,131,500) ($855,250) ($988,250) $15,445,000 $0 $10,675,000 $4,770,000

PFC #6 (As Submitted)Baggage Handling System Improvements $22,500,000 $5,131,500 $855,250 $988,250 $15,525,000 $4,200,000 $7,825,000 $3,500,000Engineered Wetland Water Quality 11,234,039 816,891 486,148 0 9,931,000 0 8,496,961 1,434,039Part 150 Noise Compatibility Program 19,975,500 15,980,400 1,997,550 0 1,997,550 1,997,550 0 0Internal Perimeter Road Extension 500,000 375,000 62,500 0 62,500 62,500 0 0Friction Tester 135,000 0 0 0 135,000 135,000 0 0PFC Administration 121,000 0 0 0 121,000 121,000 0 0

TOTAL PFC #6 $54,465,539 $22,303,791 $3,401,448 $988,250 $27,772,050 $6,516,050 $16,321,961 $4,934,039

0204C00BUF AmendmentBNIA Safety Equipment ($22,950) $0 $0 $0 ($22,950) ($22,950) $0 $0BNIA Security Equipment 81,229 0 0 0 81,229 81,229 0 0BNIA Snow Removal Equipment 394,000 0 0 0 394,000 394,000 0 0BNIA Passenger Movement Equipment (65,438) 0 0 0 (65,438) (65,438) 0 0PFC Administration 39,000 0 0 0 39,000 39,000 0 0

TOTAL PFC #4 AMENDMENT $425,841 $0 $0 $0 $425,841 $425,841 $0 $0

0405C00BUF AmendmentRunway 5/23 Extension & Rehab $675,000 $0 $0 $0 $675,000 $675,000 $0 $0Taxiway "A" Extension & Rehab 825,000 0 0 0 825,000 825,000 0 0PFC Administration 25,000 0 0 0 25,000 25,000 0 0

TOTAL PFC #5 AMENDMENT $1,525,000 $0 $0 $0 $1,525,000 $1,525,000 $0 $0

TOTAL PROPOSED PFC PROJECTS $70,736,380 $17,172,291 $2,846,198 $0 $50,717,891 $14,016,891 $26,996,961 $9,704,039

1 The amounts presented for the amendments to PFC #4 and PFC #5 are net adjustments to existing PFC approvals representing current and planned expenditures.

Source: Authority; Compiled by PB

FUNDING SOURCES PFCsTotal Project

Costs

II-10

TABLE II-4B (Page 1 of 2)


Total 2006 2007 2008 2009 2010 2011 2012 2013

TOTAL PROJECT COSTSPFC #7


TOTAL PFC #7 $5,850,000 $0 $0 $5,850,000 $0 $0 $0 $0 $0

PFC #6 AmendmentBaggage Handling System Improvements $8,470,000 $0 $0 ($988,250) ($407,647) $2,831,537 $2,831,537 $2,831,537 $1,371,287

TOTAL PFC #6 AMENDMENT $8,470,000 $0 $0 ($988,250) ($407,647) $2,831,537 $2,831,537 $2,831,537 $1,371,287

PFC #6 (As Submitted)Baggage Handling System Improvements $22,500,000 $0 $825,000 $4,363,250 $854,166 $4,723,367 $4,723,367 $4,723,367 $2,287,483Engineered Wetland Water Quality 11,234,039 0 1,303,039 0 165,648 2,802,680 2,802,680 2,802,680 1,357,312Part 150 Noise Compatibility Program 19,975,500 1,493,200 6,114,800 5,820,000 6,547,500 0 0 0 0Internal Perimeter Road Extension 500,000 0 66,000 434,000 0 0 0 0 0Friction Tester 135,000 135,000 0 0 0 0 0 0 0PFC Administration 121,000 15,000 36,000 30,000 25,000 15,000 0 0 0

TOTAL PFC #6 $54,465,539 $1,643,200 $8,344,839 $10,647,250 $7,592,314 $7,541,047 $7,526,047 $7,526,047 $3,644,795





TOTAL PROJECT COSTS $70,736,380 $3,054,812 $8,416,954 $15,966,115 $7,194,667 $10,372,584 $10,357,584 $10,357,584 $5,016,081

FEDERAL FUNDSPFC #7


TOTAL PFC #7 $0 $0 $0 $0 $0 $0 $0 $0 $0

PFC #6 AmendmentBaggage Handling System Improvements ($5,131,500) $0 $0 $0 ($570,229) ($1,309,096) ($1,309,096) ($1,309,096) ($633,983)

TOTAL PFC #6 AMENDMENT ($5,131,500) $0 $0 $0 ($570,229) ($1,309,096) ($1,309,096) ($1,309,096) ($633,983)

PFC #6 (As Submitted)Baggage Handling System Improvements $5,131,500 $0 $0 $0 $570,229 $1,309,096 $1,309,096 $1,309,096 $633,983Engineered Wetland Water Quality 816,891 0 816,891 0 0 0 0 0 0Part 150 Noise Compatibility Program 15,980,400 1,194,560 4,891,840 4,656,000 5,238,000 0 0 0 0Internal Perimeter Road Extension 375,000 0 49,500 325,500 0 0 0 0 0Friction Tester 0 0 0 0 0 0 0 0 0PFC Administration 0 0 0 0 0 0 0 0 0

TOTAL PFC #6 $22,303,791 $1,194,560 $5,758,231 $4,981,500 $5,808,229 $1,309,096 $1,309,096 $1,309,096 $633,983





TOTAL FEDERAL FUNDS $17,172,291 $1,194,560 $5,758,231 $4,981,500 $5,238,000 $0 $0 $0 $0

STATE FUNDSPFC #7

NFIA Cargo Apron Roadway $0 $0 $0 $0 $0 $0 $0 $0 $0NFIA Cargo Apron 300,000 0 0 300,000 0 0 0 0 0

TOTAL PFC #7 $300,000 $0 $0 $300,000 $0 $0 $0 $0 $0

PFC #6 AmendmentBaggage Handling System Improvements ($855,250) $0 $0 $0 ($95,038) ($218,183) ($218,183) ($218,183) ($105,664)

TOTAL PFC #6 AMENDMENT ($855,250) $0 $0 $0 ($95,038) ($218,183) ($218,183) ($218,183) ($105,664)

PFC #6 (As Submitted)Baggage Handling System Improvements 855,250 $0 $0 $0 $95,038 $218,183 $218,183 $218,183 $105,664Engineered Wetland Water Quality 486,148 0 486,148 0 0 0 0 0 0Part 150 Noise Compatibility Program 1,997,550 149,320 611,480 582,000 654,750 0 0 0 0Internal Perimeter Road Extension 62,500 0 8,250 54,250 0 0 0 0 0Friction Tester 0 0 0 0 0 0 0 0 0PFC Administration 0 0 0 0 0 0 0 0 0

TOTAL PFC #6 $3,401,448 $149,320 $1,105,878 $636,250 $749,788 $218,183 $218,183 $218,183 $105,664





TOTAL STATE FUNDS $2,846,198 $149,320 $1,105,878 $936,250 $654,750 $0 $0 $0 $0

II-11



Total 2006 2007 2008 2009 2010 2011 2012 2013

PFCsPFC #7


TOTAL PFC #7 $5,550,000 $0 $0 $5,550,000 $0 $0 $0 $0 $0

PFC #6 AmendmentBaggage Handling System Improvements $15,445,000 $0 $0 $0 $257,620 $4,358,815 $4,358,815 $4,358,815 $2,110,934

TOTAL PFC #6 AMENDMENT $15,445,000 $0 $0 $0 $257,620 $4,358,815 $4,358,815 $4,358,815 $2,110,934

PFC #6 (As Submitted)Baggage Handling System Improvements $15,525,000 $0 $825,000 $3,375,000 $188,899 $3,196,088 $3,196,088 $3,196,088 $1,547,836Engineered Wetland Water Quality 9,931,000 0 0 0 165,648 2,802,680 2,802,680 2,802,680 1,357,312Part 150 Noise Compatibility Program 1,997,550 149,320 611,480 582,000 654,750 0 0 0 0Internal Perimeter Road Extension 62,500 0 8,250 54,250 0 0 0 0 0Friction Tester 135,000 135,000 0 0 0 0 0 0 0PFC Administration 121,000 15,000 36,000 30,000 25,000 15,000 0 0 0

TOTAL PFC #6 $27,772,050 $299,320 $1,480,730 $4,041,250 $1,034,297 $6,013,768 $5,998,768 $5,998,768 $2,905,148





TOTAL PFCs $50,717,891 $1,710,932 $1,552,845 $10,048,365 $1,301,917 $10,372,584 $10,357,584 $10,357,584 $5,016,081

LOCALPFC #7


TOTAL PFC #7 $0 $0 $0 $0 $0 $0 $0 $0 $0

PFC #6 AmendmentBaggage Handling System Improvements ($988,250) $0 $0 ($988,250) $0 $0 $0 $0 $0

TOTAL PFC #6 AMENDMENT ($988,250) $0 $0 ($988,250) $0 $0 $0 $0 $0

PFC #6 (As Submitted)Baggage Handling System Improvements $988,250 $0 $0 $988,250 $0 $0 $0 $0 $0Engineered Wetland Water Quality 0 0 0 0 0 0 0 0 0Part 150 Noise Compatibility Program 0 0 0 0 0 0 0 0 0Friction Tester 0 0 0 0 0 0 0 0 0Internal Perimeter Road Extension 0 0 0 0 0 0 0 0 0PFC Administration 0 0 0 0 0 0 0 0 0

TOTAL PFC #6 $988,250 $0 $0 $988,250 $0 $0 $0 $0 $0





TOTAL LOCAL FUNDS $0 $0 $0 $0 $0 $0 $0 $0 $0


PFC CASH FLOW Through Projected Projected Projected Projected Projected Projected Projected Projected

Total 2006 2007 2008 2009 2010 2011 2012 2013 2014

PFC Funds Collected $148,375,715 $71,495,103 $6,747,194 $10,553,039 $10,858,500 $11,163,961 $11,469,422 $11,774,887 $12,080,352 $2,233,258Cumulative PFCs Collected 148,375,715 $71,495,103 $78,242,297 $88,795,336 $99,653,835 $110,817,796 $122,287,218 $134,062,105 $146,142,457 $148,375,715

LESS:Series 1994 Debt Service ¹ 35,218,518 10,525,855 1,403,821 1,410,220 1,417,822 1,426,476 1,430,234 1,436,524 1,446,723 1,447,105Series 1999 Debt Service ² 11,000,000 8,642,502 1,000,000 800,000 557,498 0 0 0 0 0

Approved Completed Pay As You Go Project Costs9201I00BUF 27,615,307 27,615,307 0 0 0 0 0 0 0 09502C00BUF 2,603,022 2,603,022 0 0 0 0 0 0 0 09803C00BUF 1,903,155 1,903,155 0 0 0 0 0 0 0 00204C00BUF 106,386 106,386 0 0 0 0 0 0 0 0


PFC Program Planning & Administration 159,678 159,678 0 0 0 0 0 0 0 0R/W 14/32 Safety Impr & Reloc Remote Fuel Disp Facility 2,486,374 1,814,238 672,136 0 0 0 0 0 0 0BNIA Pax Movement Equipment 1,205,568 590,130 143,685 220,500 251,253 0 0 0 0 0BNIA Safety Equipment 1,051,000 521,859 529,141 0 0 0 0 0 0 0BNIA Security Equipment 175,500 95,113 80,387 0 0 0 0 0 0 0BNIA Snow Removal Equipment 5,577,054 3,441,708 188,150 1,362,408 188,150 396,638 0 0 0 0NFIA Snow Removal Equipment 1,491,000 191,784 712,216 235,000 0 352,000 0 0 0 0Security Badging System 20,000 10,068 9,932 0 0 0 0 0 0 0

0405C00BUFRunway 5/23 Extension & Rehab 1,957,500 965,907 991,593 0 0 0 0 0 0 0Taxiway "A" Extension & Rehab 2,392,500 1,180,553 1,211,947 0 0 0 0 0 0 0Runway 14/32 Extension 942,868 854,818 88,050 0 0 0 0 0 0 0Taxiway "D" Extension, Widening, & Rehab 1,152,394 1,044,777 107,617 0 0 0 0 0 0 0Overhead Canopy for Ped. Walkway - Arrs & Deps Levels 600,000 100,400 499,600 0 0 0 0 0 0 0


PFC #7NFIA Cargo Apron Roadway 1,250,000 0 0 1,250,000 0 0 0 0 0 0NFIA Cargo Apron 4,300,000 0 0 4,300,000 0 0 0 0 0 0

PFC #6 AmendmentBaggage Handling System Improvements 15,445,000 0 0 0 257,620 4,358,815 4,358,815 4,358,815 2,110,934 0

PFC #6 (As Submitted)Baggage Handling System Improvements 15,525,000 0 825,000 3,375,000 188,899 3,196,088 3,196,088 3,196,088 1,547,836 0Engineered Wetland Water Quality 9,931,000 0 0 0 165,648 2,802,680 2,802,680 2,802,680 1,357,312 0Part 150 Noise Compatibility Program 1,997,550 149,320 611,480 582,000 654,750 0 0 0 0 0Internal Perimeter Road Extension 62,500 0 8,250 54,250 0 0 0 0 0 0Friction Tester 135,000 135,000 0 0 0 0 0 0 0 0PFC Administration 121,000 15,000 36,000 30,000 25,000 15,000 0 0 0 0

0204C00BUF AmendmentBNIA Safety Equipment (22,950) (22,950) 0 0 0 0 0 0 0 0BNIA Security Equipment 81,229 0 40,615 40,615 0 0 0 0 0 0BNIA Snow Removal Equipment 394,000 0 0 394,000 0 0 0 0 0 0BNIA Passenger Movement Equipment (65,438) (65,438) 0 0 0 0 0 0 0 0PFC Administration 39,000 0 19,000 10,000 10,000 0 0 0 0 0

0405C00BUF AmendmentRunway 5/23 Extension & Rehab 675,000 675,000 0 0 0 0 0 0 0 0Taxiway "A" Extension & Rehab 825,000 825,000 0 0 0 0 0 0 0 0PFC Administration 25,000 0 12,500 12,500 0 0 0 0 0 0


Annual Surplus/(Deficit) $0 $7,416,911 ($2,443,926) ($3,523,454) $7,141,860 ($1,383,737) ($318,396) ($19,221) $5,617,547 $786,153

PFC Fund Surplus/(Deficit) $7,416,911 $4,972,985 $1,449,531 $8,591,391 $7,207,654 $6,889,258 $6,870,037 $12,487,584 $13,273,737_________________________



II-12


PFC CASH FLOW Projected Projected Projected Projected Projected Projected Projected Projected Projected

Total 2015 2016 2017 2018 2019 2020 2021 2022 2023

PFC Funds Collected $148,375,715 $0 $0 $0 $0 $0 $0 $0 $0 $0Cumulative PFCs Collected 148,375,715 $148,375,715 $148,375,715 $148,375,715 $148,375,715 $148,375,715 $148,375,715 $148,375,715 $148,375,715 $148,375,715

LESS:Series 1994 Debt Service ¹ 35,218,518 1,449,709 1,453,242 1,454,996 1,466,548 1,475,381 1,478,072 1,494,723 1,499,187 1,501,879Series 1999 Debt Service ² 11,000,000 0 0 0 0 0 0 0 0 0

Approved Completed Pay As You Go Project Costs9201I00BUF 27,615,307 0 0 0 0 0 0 0 0 09502C00BUF 2,603,022 0 0 0 0 0 0 0 0 09803C00BUF 1,903,155 0 0 0 0 0 0 0 0 00204C00BUF 106,386 0 0 0 0 0 0 0 0 0


PFC Program Planning & Administration 159,678 0 0 0 0 0 0 0 0 0R/W 14/32 Safety Impr & Reloc Remote Fuel Disp Facility 2,486,374 0 0 0 0 0 0 0 0 0BNIA Pax Movement Equipment 1,205,568 0 0 0 0 0 0 0 0 0BNIA Safety Equipment 1,051,000 0 0 0 0 0 0 0 0 0BNIA Security Equipment 175,500 0 0 0 0 0 0 0 0 0BNIA Snow Removal Equipment 5,577,054 0 0 0 0 0 0 0 0 0NFIA Snow Removal Equipment 1,491,000 0 0 0 0 0 0 0 0 0Security Badging System 20,000 0 0 0 0 0 0 0 0 0

0405C00BUFRunway 5/23 Extension & Rehab 1,957,500 0 0 0 0 0 0 0 0 0Taxiway "A" Extension & Rehab 2,392,500 0 0 0 0 0 0 0 0 0Runway 14/32 Extension 942,868 0 0 0 0 0 0 0 0 0Taxiway "D" Extension, Widening, & Rehab 1,152,394 0 0 0 0 0 0 0 0 0Overhead Canopy for Ped. Walkway - Arrs & Deps Levels 600,000 0 0 0 0 0 0 0 0 0


PFC #7NFIA Cargo Apron Roadway 1,250,000 0 0 0 0 0 0 0 0 0NFIA Cargo Apron 4,300,000 0 0 0 0 0 0 0 0 0

PFC #6 AmendmentBaggage Handling System Improvements 15,445,000 0 0 0 0 0 0 0 0 0

PFC #6 (As Submitted)Baggage Handling System Improvements 15,525,000 0 0 0 0 0 0 0 0 0Engineered Wetland Water Quality 9,931,000 0 0 0 0 0 0 0 0 0Part 150 Noise Compatibility Program 1,997,550 0 0 0 0 0 0 0 0 0Internal Perimeter Road Extension 62,500 0 0 0 0 0 0 0 0 0Friction Tester 135,000 0 0 0 0 0 0 0 0 0PFC Administration 121,000 0 0 0 0 0 0 0 0 0

0204C00BUF AmendmentBNIA Safety Equipment (22,950) 0 0 0 0 0 0 0 0 0BNIA Security Equipment 81,229 0 0 0 0 0 0 0 0 0BNIA Snow Removal Equipment 394,000 0 0 0 0 0 0 0 0 0BNIA Passenger Movement Equipment (65,438) 0 0 0 0 0 0 0 0 0PFC Administration 39,000 0 0 0 0 0 0 0 0 0

0405C00BUF AmendmentRunway 5/23 Extension & Rehab 675,000 0 0 0 0 0 0 0 0 0Taxiway "A" Extension & Rehab 825,000 0 0 0 0 0 0 0 0 0PFC Administration 25,000 0 0 0 0 0 0 0 0 0


Annual Surplus/(Deficit) $0 ($1,449,709) ($1,453,242) ($1,454,996) ($1,466,548) ($1,475,381) ($1,478,072) ($1,494,723) ($1,499,187) ($1,501,879)

PFC Fund Surplus/(Deficit) $11,824,028 $10,370,786 $8,915,790 $7,449,242 $5,973,861 $4,495,790 $3,001,066 $1,501,879 $0_________________________



II-13

III-1

III. §158.23 (a) (2): PFC level, the proposed charge effective date, the estimated charge expiration date and the estimated total PFC revenue.

The Authority will seek to impose and use PFCs with the following characteristics:

PFC Level: Currently there is a three dollar ($3.00) PFC at the Airport. It was proposed in a pending PFC application that the PFC collected be increased to four dollars and fifty cents ($4.50) per enplaned passenger. This is expected to go into effect no later than April 1, 2007. A PFC of $4.50 is assumed for the projects contained in this proposed application.

Proposed charge effective date: The estimated charge expiration date for the

existing PFC applications, in the amount of approximately $98 million and the $29 million in projects pending approval is August 1, 2011. August 1, 2011 will be the charge effective date for the new projects included in this PFC application.

Estimated charge expiration date: August 1, 2012 (or until PFC revenue

plus interest thereon equal the allowable costs of the approved projects, as permitted by regulation).

Estimated total PFC revenue: The Authority currently has approval to

impose and use PFCs in the amount of approximately $98 million and approximately $30 million pending approval. This PFC application requires approximately $6 million for new PFC projects and an additional $6 million for amended PFC projects. These amounts, together, make the total amount to be collected of $140 million.

IV. Excluded Carriers.

The following carriers will be excluded from collecting a PFC:

Air Taxi/Commercial OperatorsCY 2004

Enplanements

Aerodynamics, Inc. 89Air Charter Express, LLC 18Air Charter Service, Inc. 2Flightworks, Inc. 5Martinair, Inc. 12Penn Air, Inc. 5Richmor Aviation, Inc. 27Sound Aircraft Flight Enterprises, Inc. 2Sterling Airways, Inc. 1Tiffin Aire, Inc. 39Troy Aero, LLC 7Welleville Flying Service, Inc. 60

Air Taxi/Commercial Operator Total 267Jetport Total 2,206,385Air Taxi/Commercial Operator Share 0.012%

Source: FAA DOT CY 2004 ACAIS Database

IV-1

Documents

Consultation with Air Carriers · Consultation with Air Carriers ... Design and Construct Cargo Apron Access ... discharges at BNIA drain directly to Ellicott Creek at the north end