TITLE
Recommendation to direct City Manager to report back to City Council in 45 days with a report outlining the cost estimate of each potential alternative considered in the Airport improvements EIR, including the no build option; and
Direct City Manager to report back to City Council in 60 days with a report on potential financing strategies for each option that would not encumber the City for future debt obligations.
DISCUSSION
As we move forward with the EIR process for the proposed terminal
improvements at the Airport, there are several interrelated issues we need to
address including a financing plan.
As stated in the Guiding Principles for the Airport:
Financial Impact - Financial plans for airport improvements should include
appropriate contributions from airport users to minimize the City's exposure to
a fluctuating industry.
Airport Improvements - Ensure that any improvements to Long Beach Airport
will preserve those neighborhoods negatively impacted by airport activity,
protect the existing noise ordinance, support the financial self-sufficiency of
the airport, and provide measurable economic benefits to the City, its
residents and businesses, while protecting residents and local businesses.
In the spirit of moving forward with the process, and recognizing the need to
provide the Council - and the community - as perfect information as possible, we
ask the Council to join us in asking the City Manager for cost estimates and
financing strategies related to the terminal improvements.
SUGGESTED ACTION
Approve recommendation.
Respectfully Submitted,
[Respectfully Submitted,]