DEPARTMENT: Aviation
DEPARTMENT HEAD: Russell J. Handy
COUNCIL DISTRICTS IMPACTED: Citywide
SUBJECT:
Amendment to the Professional Services Agreement with Ricondo & Associates, Inc.
SUMMARY:
City Council consideration to authorize an amendment to the professional services agreement with Ricondo & Associates, Inc. (Ricondo) for airport financial management consulting services for the San Antonio International Airport. The amendment will increase the agreement in the amount not to exceed $385,000.00 to a revised contract value in an amount not to exceed $1,365,000.00. This increase will allow Ricondo to continue to provide their services through the last year of their contract term.
BACKGROUND INFORMATION:
The San Antonio Airport system requires a financial consulting services firm with extensive airport financing expertise for the following tasks:
* Prepare or provide support for the development of airport financial and business related reports, analyses and forecasts.
* Development of Airlines' Rates and Charges analyses and support (modeling, methodologies and optimization).
* Provide air traffic reports, analyses and forecasts for aviation and the industry.
* Perform or provide support for airport bond feasibility services and debt service analyses.
* Provide Passenger Facility Charges and Customer Facility Charges support, analyses and forecasting.
* Provide services to plan/negotiate and/or bid and assist with documents between San Antonio International Airport and airline and non-airline tenants.
* General Airport Financial Advisory Service assistance in the preparation and presentation of materials and report(s) for meetings, strategy sessions and negotiations related to airport management, including financial management, strategic planning.
* Provide analysis of the financial implications of airport development alternatives.
* Additional airport consulting and financial services.
In June 2015, City Council authorized a professional se...
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