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Agenda 06/24/2008 Item #16G 8 (- Agenda Item No. 16G8 June 24, 2008 Page 1 of 15 EXECUTIVE SUMMARY Recommendation that the Collier County Board of County Commissioners approve the acquisition of 2.73 acres of land, known as Tract Q, adjacent to the Marco Island Executive Airport for $250,000, plus associated real estate transactions fees not to exceed $10,000, and associated budget amendments. OBJECTIVE: That the Collier County Board of County Commissioners approve the acquisition of 2.73 acres of land, known as Tract Q, adjacent to the Marco Island Executive Airport for $250,000, plus associated real estate transactions fees not to exceed $10,000, and associated budget amendments. CONSIDERATIONS: The planned construction of a taxiway at the Marco Island Executive Airport will decrease the current available aircraft parking and maneuvering area significantly. In order to preserve a safe operational level and meet current and future demand, an expansion of the aircraft apron and relocation of the vehicle parking area is needed. The 2,73 acres, known as Tract Q. provides the Marco Airport the opportunity to develop an equal or greater amount of vehicle parking spaces and a greater maneuvering, safety and aircraft parking area than the existing airport property. WCI owns the 2.73 acres, known as Tract Q, adjacent to the Marco Airport. In September 2007, Carroll & Carroll, Inc. appraised this parcel of land for WCI at $780,000. In April 2008, Collier County Real Property Management's Appraiser valued this parcel at $221,000, At the Authority's April 14, 2008 Board meeting, the Airport Authority Board voted unanimously "that the Executive Director pursue making an offer of $250,000 for the land." (' WCI is willing to sell this parcel to the Airport Authority with the following proposed terms: Purchase Price: Warranty: Deposit: Closing Costs: Closing Date: Usage: $250,000 None other than title; the property is being sold 'as is' A $25,000 non-refundable deposit at time of contract Responsibility of buyer On or before September 26, 2008 The Airport Authority agrees the future usage of the site is for purposes as outlined in the Airport Authority's Master Plan. Furthermore, the Authority agrees that any parking lot lighting installed on the site will include baffles or other devices to direct the lighting to the parking surface and minimize the impact on potential future residential sites nearby. The purchase of this land is eligible for reimbursement from the Federal Aviation Administration (FAA) at ninety-five percent (95%) match. Under historical FAA funding scenarios, these funds can be reimbursed over the next 2-3 years from the Collier r- County Airports FAA annual entitlements. Agenda Item No. 16GB June 24, 2008 Page 2 of 15 This project is currently included in the Airport Authority's FY09 Capital request. Since the project will be completed earlier than originally anticipated, the grant funds can be removed from the Authority's request and the match moved into reserves. A Budget Amendment increase in the amount of $260,000 will be necessary for the purchase of the 2.73 acres of land ($250,000), and associated real estate transaction fees ($10,000). FISCAL IMPACT: The A budget amendment is needed to recognize grant proceeds of $247,000 and to decrease Airport Capital Fund 496 reserves by $13,000. LEGAL CONSIDERATIONS: This item has been reviewed and approved by the County Attorney's Office. GROWTH MANAGEMENT IMPACT: There is no growth management impact associated with the Board's approval of the Authority's requests, and this project is in compliance with the Authority's Marco Island Master Plan. RECOMMENDATION: That the Collier County Board of County Commissioners approve the acquisition of 2.73 acres of land, known as Tract Q, adjacent to the Marco Island Executive Airport for $250,000, plus associated real estate transaction fees not to exceed $10,000, and associated budget amendments. /~ Prepared by Debbie Brueggeman, Collier County Airport Authority Page I of 1 Agenda Item No. 16G8 June 24, 2008 Page 3 of 15 ~. , COLLIER COUNTY BOARO OF COUNTY COMMISSIONERS Item Number: Item Summary: 16G8 Recommendation that the Collier County Board of County Commissioners approve the acquisition of 2.73 acres of land, known as Tract Q, adjacent to the Marco Island Executive Airport for $250,000, plus associated real estate transactions fees not to exceed $10,000, and associated budget amendments Meeting Date: 6/24/2008 90000 AM Approved By Theresa M. Cook Executive Director Date County Manager's Office Airport Authority 6/12/2008 3:56 PM Approved By OMS Coordinator OMS Coordinator Date County Manager's Office Office of Management & Budget 6/12120084:18 PM Approved By Colleen Greene Assistant County Attorner Date ~ County Attorney County Attorney Office 6/12/2008 4:26 PM Approved By Susan Usher Senior ManagemenUBudget Analyst Date County Manager's Office Office of Management & Budget 6116120081 :27 PM Approved By James V. Mudd Board of County Commissioners County Manager Date County Manager's Office 6/16/2008 5:59 PM file:/IC:\AgendaTest\Export\ II 0-June%2024,%202008\ 16.%20CONSENT%20AGENDA \ I... 6/18/2008 COLLIER COUl\TY AIRPORT AUTHORITY MINUTES OF REGULAR MONDAY, APRIL 14,2008 MEETING Agenda Item No. 16G8 June 24, 2008 Page 4 of 15 MEMBERS Steve Price Michael Klein Dave Gardner Byron Meade PRESENT: Frank Secrest Lloyd Byerhof STAFF: Theresa Cook Jim Kenney Bob Twcedie Debbie Brueggeman Debi Mueller Collecn Grccn PUBLIC: Robert Breeder Charles Beam Randy Whitton Robert Gretzke Scott .I ohnson Steve Carnell I. MEETING CALLED TO ORDER Meeting called to order at I :00 p.m. A quorum was present throughout the meeting. III. APPROVAL OF AGENDA Mr. Meade made a motion to approve the agenda. Mr. Byerhof seconded. and the Agenda was approved by a 6-0 vote. IV. APPROVAL OF MARCH 18,2008 MINUTES Mr. Meade made a motion to approve the March 18. 2008 minutes. Mr. Byerhof seconded, and the minutes were approved unanimously. Following approval of the J\1arch 18,2008 minutes, the Authority commended the Executive Director and staff on the Board of County Commissioners April I, 2008 workshop, indicating that the presentation and brochures were extremely professional and easily understandable to non-aviation individuals. V. FINANCE REPORT - FEBRUARY 2008 Fuel sales for March 2008 totaled 64.000 gallons, which is the highest ever. Howeyer, compared with the same pcriod last ycar, more Jet-A fuel is bcing sold at discounted priccs because of the tiered pricing structure. Last year approximately forty-three percent (43(JiO) of Jet-A fucl salcs wcrc discounted compared with approximately fitly-three percent (53%) this year. No action required. VI. WORK ORDER/AGREEMENTS STAn'S REPORT The URS Work Order # URS-FT-3889-08-02 that appears on the Work Order Status report on page ]2 of the Agenda as pending was pulled from thc April 2008 agenda. No action requircd. VII. EXECUTIVE DIRECTOR'S REPORT The Executive Director provided the following updates: CCAA Minutes April 14. 2008 Agenda Item No. 16G8 rai.,r.ie 24, 2008 -- t'"'age ::> 01 15 (' Everglades Airpark. Various options for the Sheriffs dwelling were presented. Mr. Meade made a motion that the Authority procced with the demolition and removal of the present dwelling. Mr. Byerhof seconded, and the motion passed unanimously. Marco Island Executive Airport Collier County Commissioners encouraged the Authority to make an offer on the 2.73 acres ofland adjacent to the airport currently owned by WCr. In September 2007, WCI appraised the land at $750,000. Mr, Gardner made a motion that the Executive Director pursue making an offer of $250,000 for land. Mr. Klein seconded, and the motion passed unanimously. Federal Aviation Administration Funding. Airport Entitlement funding is available at seventy- five percent (75%) of$150,OOO for each of the three County airports. The Authority will submit a grant application for the design of the taxiway at the Marco Island Executive Airport, Florida Departmcnt of Transportation (FDOT) Funding. The FOOT currently has about $1 million programmed for the taxiway at the Marco Island Executive Airport. A meeting is scheduled with the FDOT for the end of April to review the entire taxiway project, which includes design, construction, and relocation of the aircraft apron and vehicle parking, and determine the amount of FDOT funding that can be used for the various pieces of the project. r- Immokalee Re"ional Airnort. John Swayze has submitted a land lease proposal that the Executive Director and staff are responding to. The South Florida Water Management District Lake is about ninety-five percent (95%) complete. The Autbority is working on the permit for the asphalt. and anticipates the project will be completed in about three (3) months. VIII. OLD BUSINESS Ever"lades T-hanl!ars. Verification ofFEMA funding !{)r the Everglades T-hangars. which may be up to approximately $350.000, is pending, Insurance proceeds were $495,000. The lowest bid for the rebuildlrepair ofthe T-hangar huilding was about $450,000. TIle preliminary estimate to demolish the old building. replace tbe floor, and constmct new hangars is about $450,000, Mr. Meade made a motion to pursue demolishing the old structure, rcplacing the floor, and constructing new hcmgars. Mr. Klein seconded. and the motion passed lmanimously. If the Authority chooses to construct a new T-hangcr building rather than repair the existing one, it needs to formally rcjcct the "Everglades Airpark T -Hanger Reconstruction" Bid No. 08-5047 at the May 2008 meeting. Constmcting a new building, could require three to four separate bids. IX. NEW BlJSINESS Mr. Meade made a motion to approve Resolution No. 08-16 recommending thai the Collier County Board of County Commissioners accept and authorize its Chairnlan to execute an amendment for a time cxtcnsion to the Rural Infrastructure Grant Agrcemcnt # aT -os. I 36 from the Florida Office of Tourism, Trade. and Economic Development (OTTED) for the Immokalee Regional Airport/Florida Tradeport Stornl Water Management/Retention Pond Project. Mr. Klein seconded, and Resolution No. 08-16 was approved unanimously. Y:lAdministrationlAA BoardIMinulcs\04-/4-0S minutes doc CCAA Minutes April 14.2008 Agenda Item No. 16GB p<Wl~rJe 24, 2008 ~rdS:leuuI15 x. PUBLIC COMMENT Mr. Meade made a motion to have Mr. Randy Whitton on the Authority's May Agenda. Mr. Secrest seconded. and the motion was approved unanimously. XI. ADJOURNMENT The meeting was adjourned "without objection." COLLIER COUNTY AIRPORT AUTHORITY COLLIER COUNTY, FLORIDA /;?~- y. \.Admi'listration\AA Boardl/l4inutes\04~J 4.()8 minutes.doc (' SUMMARY APPRAISAL REPORT FOR WCI COMMUNITIES (Vacant Parcel at 200 1 Mainsall Drivel f' AS OF 04 SEPTEMBER 2007 AT THE REQUEST OF MR. JOHN HAWKINS WCI COMMUNITIES 24301 WALDEN CENTER DRIVE BONITA SPRINGS, FL 34134 PREPARED BY CARROLL & CARROLL, INC. REAL ESTATE APPRAISERS & CONSULTANTS 2500 AIRPORT ROAD SOUTH, SUITE 206 NAPLES, FL 34112-4867 (239) 775-1147 #3236-RR Agenda Item No. 16G8 June 24, 2008 Page 7 of 15 SUMMARY OF IMPORTANT DATA AND CONCLUSIONS Agenda Item No. 16G8 June 24, 2008 Page 8 of 15 This inform.ation is sUITlmgrized only for convenience. The value given is the fin~ rounded conclusion of the appraisal. To use this summary without first reading the appraisal report could be misleading. PROPERTY APPRAISED A vacant multi-family residential 10ttota1ing 118,919 square feet (2.73 acres) part of the Marco Shores PUD, located adjacent to the Marco Airport at 2001 Mainsail Drive, Naples, Florida APPRAISERS Raymond E. Carroll, MAl, SRA State-Certified General Appraiser 165 Robert E. Carroll Registered Trainee R122210 SCOPE OF WORK All applicable approaches to value were developed. The appraisal results are presented in a summary format. PURPOSE OF THE APPRAISAL Estimate Market Value. CLIENT, USE AND INTENDED USERS The client is wel Communities. The appraisal is to assist in negotiating a sale. The intended user is WeI Communities. APPRAISAL EFFECTIVE DATE 04 September 2007 DATE OF REPORT 04 September 2007 ESTATE .'\PPRAISED Fee Simple ESTIMATE OF VALUE $780,000 EJe'TRAORDfNARY ASSUMPTIONS AND LIMITING CONDITIONS This is a SUlIUIlary Appraisal Report which is intended to comply with the reporting requirements set forth under Standard Rule 2-2(b) of the Uniform Standards of Professional Appraisal Practice for a Summary Appraisal Report. As such, it might not include full discussions of the data,. reasoning and analyses that were used in the appraisal process to develop the opinion of value. Supporting documentation concerning the data, reasoning and analyses is retained in 'the appraiser's file. The information contained in this report is specific to the needs of the client and for the intended use stated in this report. The appraiser is not responsible for unauthorized use of this report. Standard Assumptions and Limiting Conditions are included in the Addendum.. 2 Agenda Item No. 16GB June 24, 2008 Page 9 of 15 f' , 'it ~ Memorandum To: Theresa Cook, Executive Director Airport Authority From: Roosevelt Leonard Real Estate Appraiser Date: April 24, 2008 Subject: WCI Communities vacant 2.73ac parcel Backqround As per your request I have reviewed the summary appraisal report for the WCI 2.73 acre vacant land parcel. The current zoning for the 2.73ac parcel is "PUD" planned unit development. The subject property is part of the Marco Shores "PUD" which controls or approves the permitted land uses. r Taken directly from the "PUD" ordinance 94-41 page 3 project density 2.05; the total acreage of the Marco Shores property is 321 acres. The maximum number of dwelling units to be built is 1 ,580. The number of dwellinq units per qross acre is 4.9. The density on individual parcels of land throuqhout the project will vary accordinq to the type of dwellinq units placed on each parcel of land. The original WCI Real Estate Appraiser read and inserted the above mentioned statement in his appraisal report on pages 18 and 19. The WCI appraiser said the Hammock Bay high-rise residential multi-family units have an average density of 14.27 units per acre and it is reasonable to expect a similar density for the 2.73 acre site. The WCI appraiser based his estimate of value on the 39 developable units, (2.73ac x 14.27units is 39 units). Analvsis The Marco Shores "PUD" is approved for 4.9 units per gross acre. In my opinion this means that you can develop a single structure with the maximum density of 4.9 units per acre or any combination of dwellings can not exceed the maximum 4.9 units per gross acre. The residential tracts within the "PUD" are tracts A, T, U and tracts C-1 & E- 1 according to 4.04 of the "PUD" ordinance 94-41. The subject property 2.73ac parcel is located on tract Q. Tract Q is permitted to have accessory uses. The site and development standards of the LDC 4.02.06 (development in airport zones) states, Dept of Facilities Mgtl Real Property Management 239.252-2621 Agenda Item No. 16G8 June 24, 2008 approach zone height limitation within the approach zone shall not exceed the runWII~e 10 of 15 end height at the inner edge and increases uniformly with horizontal distance outward. The height ratio is 20:1, one foot vertically for every 20 feet horizontally. In my opinion and calculations, any structure placed on tract Q cannot exceed three stories. Conclusion Based upon the above appraisal report review and analysis, the 39 developable units exceed the allowable permitted units and do not meet the 4 tests of highest and best use, physically possible, legally permissible, reasonable feasible, and financially feasible. Tract Q, the subject properly is permitted to be valued as "PUD" with developable units of 4.9 units per gross acre. The estimated range per developable unit in WCI's appraiser's market grid is $17,000 to $19,000 per unit. Due to the current market conditions and the superior location of the comparable market data used, the low end of the range appears to be reasonable. Mathematically, $17,000(unit) x 13 units (4.9 unit's x 2.73ac) is $221,000 Indicated Value for the subject property 2.73ac parcel = $221,000 dollars. Dept of Facilities Mgt / Real Property Management 239.252-2621 r. ~,'i lIRPO.f. ft;)~ ~ ~ COLLIER COUNTY AIRPORT AUTHORITY ; ~ 2005 Mainsail Drive Ste. 1 ::I V- ~ Naples, FL 34114-8955 a ::; (239) 642-7878 (;I -.: Fax (239) 394-3515 Agenda Item No. 16G8 June 24, 2008 p 1 of 15 www.coll;eraviallon.com April 29, 2008 CERTIFIED MAIL #: 7005 0390 0006 4590 8543 Mr. Paul Erhardt WCI Communities 2430 I Walden Center Dr. Bonita Springs, FL 34134 Dear Mr. Erhardt, r. The Collier County Airport Authority (Authority) met with Mr. John Hawkins in the fall of 2007 to discuss a parcel of property, a vacant lot, located at 2001 Mainsail Drive in Naples, Florida, further known as Tract Q. In September 2007, WCI provided an independent appraisal to the Authority from Carrol & Carrol, Inc. Real Estate Appraisers & Consultants. On April 24, 2008, Collier County Real Estate Services performed an appraisal of the property, That appraisal is attached. It is the Collier County Airport Authority's intent to submit an offer of purchase for this 2.73 acre parcel of land to WCI for consideration. First, I would like to present some background information regarding this property and the proposed Master Plan for the Marco Island Executive Airport. The last Master Plan for the Marco Island Executive Airport was developed in 1996. A permit application to construct a taxiway at the Marco Island Executive Airport was submitted to the United States Army Corps of Enginecrs in 1997. The Authority received the permit in 2007, ten years later. The Authority is just completing a new 2008 Master Plan update and anticipates development of the short-term (5-year) projects to be complete by 2013. The design phase of the proposed development projects proposed over the next five years ",~ll begin in the next four to eight months. In the normal course of airport planning, an update to tllis most recent Master Plan will likely occur around 2018. The acquisition of the proposed Tract Q was not considered in the 1996 Master Plan and was just recently addcd as an alternative to the 2008 plan. Ifthe Authority were to acquire this land in the next four to eight months, it could be considered in the design phase of the five- year plan. If not, it may be ten years before the opportunity rises again. o M~r=lslandE~ecl1hve../;irport "005MamsailDriveSle1 Na~,FL34114,B955 (239)394-3355 {239)(';.Q_~A27ra~ o Immokakl!\'R"9,,:ma'Ai!1)Oirl 165Aifpar1<Bol1o;-;"rd ITnmol<a~,Fl34142 12391657-0003 123>11657.g1vlFax o EV"'9IallesA,rpa<t PO So.seg 550EC r"cp,,'"Road Everglades Cll)'. FL 34139 (23911395--ZT7a (239)G9~3~513Fax Mr. Paul Erhardt 2. Agenda Item No. 16GB June 24, 2008 Page 12 of 15 April 29, 2008 Currently, the Master Plan allows for relocating the existing vehicle parking lot to a parcel of land adjacent to Tract Q that is owned by Collier County. Due to Federal funding delays, the construction of the parking lot relocation has not becn fundcd yet. This delay otTers an opporrune time for the Tract Q, 2.73 acre parcel to be added to the design. TIle advantage of having Tract Q incorporated into the currcnt Master Plan accommodates business jet traffic, tourism, current and future residents and the transponation accommodations (limos and rental cars) for the users of the Marco Airport. WCI receives a proportional benefit from the Marco Island Executive Airport equal to its presence on Mainsail Drive. The Marco Island Executive Airpon is the gateway to the WCI communities and the Marco Island Community. The airport is the doorway, not the destination. Under the current airport configuration, very little land is available for larger jet traffic maneuvering and parking. It is only for the safe operating procedures of the pilots and staff that have prcvented a major aircraft incident to date. If one were to occur, it is highly likely that the insurers of those larger business jets would recommcnd not operating out ofthe airport until the maneuvering and parking ability is expanded. The airport is a county owned airport, and is subsidized by Collier County taxpayers. It is difficult to justify to the taxpayers of Collier County the purchase of land adjacent to an airport that has an unrcalized direct benefit to a majority of the County population, especially at an elevated market price. The property currently lies between a water treatment plant and a future parking lot and is located across the street from a steel maintenance building. The appraisal states, "It is a small parcel without any speciallocational or view amenities." The uses permitted aside from multi family and single family residential use, are: parks, playgrounds, play fields and preservation areas. There is little economic benefit of the latter uses and a poor economic choice for residential use. The Planned Uillt Development (PUD) does not permit commercial use. The combined preliminary 2007 assessment was $27, JOO for land and $28, 674 for improvements for a total of $55, 974. 'f11e improvement cOlnponent is based on garage, fence and other site improvements that no longer exist. That puts the 2007 assessment more accurately at $27,300. The appraisal analysis indicates the best use of the land would be airport related, or that some kind of community facility or utility facility might be approved. The (high) comparables given were for Urban Residential Multi Family use areas in Naples. The appraisal stated that the location of the property affects the development pattern of the PUD and tends to discourage furthcr development of the parcels closest to the airport. r-' , Mr. Paul Erhardt 3. Agenda Item No. 16G8 June 24, 2008 Page 13 of 15 April 29, 2008 If the Airport Authority were to acquire this parcel ofland and construct additional parking to accommodate the users of the Marco Island Executive Airport and expand the business jet utilization ofthe airport, it would be an added benefit for the WCI communities, Marco Island residents and Collier County visitors. It is the goal of the Collier County Airport Authority to provide amenities and services to the public at reasonable fees. The Federal Aviation Administration's (FAA) goal is to provide a safe aviation environment and promote aviation by keeping costs do",'I1. It would be unlikely in this time of budget constraints, county cutbacks and other economic factors that the FAA or the County (both of whom provide funding for projects at the Marco Island Airport) would participate in the acquisition of this land at the escalated value stated in the appraisal. It would be commendable if weI could donate the 2.73-acre parcel for the benefit of the users of the public airport and the current and future residents of the community. If that is not a consideration, then, respectfully, the Collier County Airport Authority would like you to consider an offer 01'$150,000.00 for Tract Q. This offer is contingent upon approval of funding by the Collier County Board of County Commissioners. This offer shall remain open for thirtv (30) davs from receipt of this lettcr. Please respond to this offer in writing or contact the undersigned directlv to discuss. Attached is an appraisal conducted by Collier County Real Estate Services for your review. ~ Sincerely, ~ Theresa Cook Executive Director weI WCI- COMMERCIAL OIV. Fa,; 139-949-0133 Jun 10 1008 03;05p~ P002/002 Agenda Item No. 16G8 June 24, 2008 Page 14 of 15 COMMUNITIES, INc: wel lIIlIIIID NYSE. 24301 'W:UDEN Ct.."''':''U- Dll.:rV't lO::-m'A $J"F,X'.;'GS, Fl.ORmA 34134 Tn (239} 49$-8100 uriCQ1Ofmf'I'Iim:s.(mI'li ~ BEST BUILDER WC:HO:--:C;r,,-,.\S .\;.:U'..:;;,o:iEll:-2::::..:;::t,.... 5Y ;\.'.T:\:':-;.'.=- \:~'...~~..:C'),," ~t ~o:"! B:;l~:J:J>.$ A",D B:...::..:J:<:"':<~(;;.::::..<. June 9, 2008 Via fax and U.S. Mail Ms. Theresa Cook Executive Director Collier County Airport Authority 2005 Mainsail Drive Suite I Naples, FL 34114-8955 Dear Ms. Cook: Thank you for your offer to purchase the 2.73 acre vacant parcel at 2001 Mainsail Drive kno,,"n as Tract Q co=unicate<l in your letter of April 29, 2008 and our discussion on Friday, June 6, 2008. wcr is willing to sell the parcel to the aiIport authority with the following' proposed terms: Purchase price: 5250,000 Warranty: none other than title; the property is being sold 'as is' Deposit: a S25,000 non-refundable deposit at time of contract Closing Costs: responsibility of buyer Closing Date: On or before September 26, 2008 Usage: the airport authority agrees the future usage of the site i. for pnrposes as outlined in the master plan of the airport authority itself. Furthermore, you agree that any parking lot lighting installed on the site will include baffles or other devices to direct the lighting to the parking surface and minimize the impact on potential future residential sites nearby. If you are agreeable to these terms please advise me so that we can proceed to drafting a contract for execution. Sincerely, 14~~ Paul Erhardt VP 1 Senior Project Manager WCI Communities, Inc. The Experimce Is Everything.~ Agenda Item No. 16G8 June 24, 2008 Page 15 of 15 ( 6.0 PROPOSED DEVELOPMENT PLAN The ALP and Proposed Development Plan for the Marco Island Executive Airport provides a guide for Collier County to meet the aviation needs. In this regard, development of the airport should efficiently utilize existing facilities and allow for the orderly development of new facilities. All development actions should consider safety, efficiency, and utility. CIP 0-5 Year 2007-2011 (Total Project Cost Estimate $18,853,665) 2008-2009 Parallel Taxiway Construction (Mitigation/Surcharge/Construction), $5,538,000. 2008 AcquirefTransfer Remaining South Parcel of Property to CCM, $753,500. 2008 Rehabilitate Runway 17/35 and Runway 17 RSA Improvements, $3,000,000. 2008 Construct Temporary Auto Parking Lot and Convert Existing Auto Parking Lot to Apron, $1,262,165. 2008-2009 Design/Construct GA Apron Expansion to the South of GA Tie-downs, $1,700,000. 2010 Design New Terminal Facility/Auto Parking/Access Road, $600,000. 2011-2012 Construct New Terminal/Auto Parking/Access Road, $6,000,000. CtP 5-10 Year 2012-2016 (Total Project Cost Estimate $1,482,000) ("'. 2013 Remove Old Terminal Structure and Construct TransienUltlnerant Apron (Business Jet AircrafU5 Positions), $932,000. 2014 Construct 8-Unit T-Hangar, $240,000. 2015 Construct 2 Executive 55x55 Feet Hangars, $ 70,000. 2016 Construct 8-Unit T-Hangar. $240,000. CIP 11-20 Year 2017-2026 (Total Project Cost Estimate $560,000) 2017 Construct 8-Unit T -Hangar, $240,000. 2018 Construct 2 Executive 55x55 Feet Hangars, $70,000. 2020 Construct 6-Unit T-Hangar, $180,000. 2022 Construct 2 Executive 55x55 Feet Hangars, $70,000. AMP Narrat/ve Report Marco Is/and Executive Airport