South Metro Airport Comparison - Property Tax Analysis Presentation

8/14/2019 South Metro Airport Comparison - Property Tax Analysis Presentation

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Property Tax Analysis Presentation


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Comparison of Airports

Airport

Code

Airport Runway

Length

Runway

Width

Airport

Acreage

Airport

Level

Based

Aircraft

2009

Operations

6A2 Griffin Spalding 3701 ft 75 ft 201 ac. II 70 7,424

FCC Peachtree City-FalconField

5219 ft 100 ft 328 ac. III 221 74,825

CCO Newnan Coweta County 5500 ft 100 ft 252 ac. III 135 29,930

OPM Thomaston-Upson County 6351 ft 100 ft 248 ac. III 64 16,060


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NEWNAN COWETA

COUNTY AIRPORT

Calvin Walker, Airport Manager

Approaches: Localizer, ILS

Pending

Ground Transportation: Taxi

and Rental Car


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NEWNAN COWETA COUNTY AIRPORT

Stan Thomas Enterprises


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NEWNAN COWETA COUNTY AIRPORT

Gulfstream 550

Citation CJ


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NEWNAN COWETA COUNTY AIRPORTAircraft Property Tax Analysis - Griffin-Spalding Airport

2009 Tax Analysis

Griffin's Spalding Co School System Total Annual

Appraised Value Assessed Value 8.638 Mills 13.88 Mills 18.80 Mills Property Tax Revenue

Newnan-Coweta Airport

1 Citation Mustang $ 3,450,000.00 $ 1,380,000.00 $ 11,920.44 $ 19,154.40 $ 25,944.00 $ 57,018.84

1 Gulfstream 150 $ 14,950,000.00 $ 5,980,000.00 $ 51,655.24 $ 83,002.40 $ 112,424.00 $ 247,081.64

1 Gulfstream 550 $ 37,500,000.00 $ 15,000,000.00 $ 129,570.00 $ 208,200.00 $ 282,000.00 $ 619,770.00

2 Cessna CJ $ 35,900,000.00 $ 14,360,000.00 $ 124,041.68 $ 199,316.80 $ 269,968.00 $ 593,326.48

1 Cessna Citation X $ 15,495,000.00 $ 6,198,000.00 $ 53,538.32 $ 86,028.24 $ 116,522.40 $ 256,088.96

Total Taxes $ 370,725.68 $ 595,701.84 $ 806,858.40 $ 1,773,285.92

Griffin Spalding Airport $ 2,017,500.00 $ 807,000.00 $ 6,970.87 $ 11,201.16 $ 15,171.60 $ 33,343.63

Griffin Spalding Hangers $ 4,459,379.00 $ 1,783,751.60 $ 15,408.05 $ 24,758.47 $ 33,534.53

$ 73,701.05

Total Property Taxes $ 6,476,879.00 $ 22,378.91 $ 35,959.63 $ 48,706.13 $ 107,044.67


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PEACHTREE CITY

AIRPORT

FALCON FIELD

John Crosby, Airport Manager

Approaches: Localizer, ILS Pending

Ground Transportation: Courtesy

Cars and Taxi


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PEACHTREE CITY

AIRPORT

FALCON FIELD

Aircraft Spruce- Formerly in Griffin

Gardner Aviation- Formerly in Griffin


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PEACHTREE CITY AIRPORT

FALCON FIELD

Dassault Falcon 50

Citation X

Citation II


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PEACHTREE CITY AIRPORT

FALCON FIELDAircraft Property Tax Analysis - Griffin-Spalding Airport

2009 Tax Analysis



Falcon Field Peachtree City

1 Dassualt Falcon $ 24,950,000.00 $ 9,980,000.00 $ 86,207.24 $ 138,522.40 $ 187,624.00 $ 412,353.64

1 Cessna Citation II $ 19,825,904.00 $ 7,930,361.60 $ 68,502.46 $ 110,073.42 $ 149,090.80 $ 327,666.68

1 Dassult Falcon $ 17,950,000.00 $ 7,180,000.00 $ 62,020.84 $ 99,658.40 $ 134,984.00 $ 296,663.24

1 Cessna Citation X $ 15,495,000.00 $ 6,198,000.00 $ 53,538.32 $ 86,028.24 $ 116,522.40 $ 256,088.96

Total Property Taxes $ 270,268.87 $ 434,282.46 $ 588,221.20 $ 1,292,772.52

Griffin Spalding Airport $ 2,017,500.00 $ 807,000.00 $ 6,970.87 $ 11,201.16 $ 15,171.60 $ 33,343.63

Griffin Spalding Hangers $ 4,459,379.00 $ 1,783,751.60 $ 15,408.05 $ 24,758.47 $ 33,534.53

$ 73,701.05

Total Property Taxes $ 6,476,879.00 $ 22,378.91 $ 35,959.63 $ 48,706.13 $ 107,044.67


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THOMASTON-UPSON

COUNTY AIRPORT

Mitch Ellerbee, Airport Manager

Approaches: ILS

Ground Transportation: Courtesy Car,

Limousine, Taxi, Rental Car


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THOMASTON-UPSON

COUNTY AIRPORT

Industrial and Business Park


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THOMASTON-UPSON

COUNTY AIRPORT


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THOMASTON-UPSON COUNTY

AIRPORTAircraft Property Tax Analysis - Griffin-Spalding Airport2009 Tax Analysis



Thomaston Airport

1 Cessna Citation Ultra $ 3,100,000.00 $ 1,240,000.00 $ 10,711.12 $ 17,211.20 $ 23,312.00$ 51,234.32

1 Cessna Citation Ultra $ 3,100,000.00 $ 1,240,000.00 $ 10,711.12 $ 17,211.20 $ 23,312.00 $ 51,234.32

Total Taxes $ 21,422.24 $ 34,422.40 $ 46,624.00 $ 102,468.64

Griffin Spalding Airport $ 2,017,500.00 $ 807,000.00 $ 6,970.87 $ 11,201.16 $ 15,171.60$ 33,343.63

Griffin Spalding Hangers $ 4,459,379.00 $ 1,783,751.60 $ 15,408.05 $ 24,758.47 $ 33,534.53$ 73,701.05

Total Property Taxes $ 6,476,879.00 $ 22,378.91 $ 35,959.63 $ 48,706.13$ 107,044.67


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GRIFFIN AIRPORT PROPERTY TAX -2005

AIRCRAFT Total: $75,698HANGER Total: $80,769

TOTAL AIRPORT TAX = $156,467

GRIFFINAIRPORT PROPERTY TAX -

2009AIRCRAFT Total: $33,343

HANGER Total: $73,701

TOTAL AIRPORT TAX = $107,044


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2009 2012 City and County will contribute local funds for

the study and environmental Ph I & II..$1Milllion


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Potential Funding Prior to Reimbursement

Development Authority Revenue Bonds Fund $4.2 million for land acquisition in 2012

95% is Reimbursed by the FAA

2009 Site Selection Study.....$305,000

2010 Environmental Ph I...$360,0002011 Master Plan / ALP / Permitting....$430,000

City and County General Fund...$1,050,000

FAA Reimbursement at 95%.............................. $997,500

2012 Local funds required..$5.2 MilNet local funds required ....$4.2 Mil


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2013 & 14 Grading & Drainage...$510,000

2015 Airport Construction....$650,000

2016 Airport and Terminal.................$1,197,500

City and County Cost....... $2,357,500*All cost illustrated are estimates


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Potential Funding Prior to Reimbursement

Development Authority Revenue Bond or LoanFund $2.3million local commitment thru 2016

Combination of Development Authority RevenueBonds and Sale of Existing airport property will fund

cost of tenant relocation est. $8+/- million. FAA and GDOT will grant all other costs associated

with airport development $55 to $60 million ofpreferred site.

SPLOST in 2014: Fund New Terminal Building Fund Acquisition of existing properties at old airport Fund New Hangers at new Airport Fund Industrial Infrastructure for new Business Park


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IN CONCLUSION

Through a unanimous vote, the Airport Advisory Boardmakes the following recommendation to the City and

County Commissioners:

To Develop our economic engine, the Griffin-Spalding County

Airport (Gateway to Griffin /Spalding) to a Level III, ILS

Airport, to encourage the growth and development of Griffin,Spalding County and the Four County Region

South Metro Airport Comparison - Property Tax Analysis Presentation

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