DEPARTMENT: Aviation
DEPARTMENT HEAD: Jesus H. Saenz, Jr., IAP
COUNCIL DISTRICTS IMPACTED: Citywide
SUBJECT:
Financial Consulting Services for the San Antonio Airport System
SUMMARY:
An ordinance awarding a professional services agreement with Ricondo & Associates, Inc. (Ricondo) for financial consulting services to support projects including but not limited to: Passenger Facility Charges application preparation; assistance with issuance of future bonds; airline rates and charges and associated capital improvement program forecasting model(s) preparation; Airline Lease and Use Agreement Negotiations; Airport Facility Usage Study; and, other miscellaneous financial planning services.
The initial term is three years with the option to extend for two, one-year terms and a value not to exceed $1,600,000.00. Funding in the amount of $300,000.00 is budgeted and available in the FY 2020 Airport Operating and Maintenance Fund and FY 2020 Passenger Facility Charge Fund. Future funding will be appropriated each fiscal year, subject to City Council approval of the annual budget.
BACKGROUND INFORMATION:
The City requires a financial consultant services firm to provide specialized support for the development of airport financial and business-related reports, models, analyses and forecasts. The current agreement for these services expires on July 6, 2020. The Aviation Department has developed a solicitation for a financial consulting services firm to provide the following types of services:
1. Prepare or provide support for the development of airport financial and business related reports, analyses and forecasts including but not limited to:
a. Airport financial models to project cash flows, bond sizing and debt service, debt service coverage, rates and charges impacts, and financial planning scenarios, capital project financing strategies ("pro formas")
b. Profit and loss reports for parking and other Airport System undertakings
c. Airport industry-relate...
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