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HomeMy WebLinkAboutItem 04 City of Lakeville Community & Economic Development Memorandum To: Economic Development Commission From: David L. Olson, Community & Economic Development Director Copy: Justin Miller, City Administrator Kati Bachmayer, Economic Development Specialist Date: September 25, 2018 Subject: Proposed Airlake Airport Capital Improvements The City recently received a copy of the proposed Metropolitan Airports Commission (MAC) 2019-2025 Capital Improvements Program (CIP). The preliminary CIP approved by the th Commission on September 17 includes $2,350,000 of capital improvements for Airlake Airport. The proposed 2019 Improvements include the following: Existing Maintenance Building Improvements $ 400,000 Plane Wash Pad $ 150,000 Public Restroom Facility (for Existing Hangers) $ 300,000 Phase I of South Building Area Development $1,500,000 TOTAL $2,350,000 The South Building Area Development Phase I improvements consists of construction of sanitary sewer and water mains and construction of taxi lanes and an entrance road to the area south of the runway. This is the area that was annexed to the City earlier this year. After these improvements are completed, the development of additional private hangers can commence. There are additional funds programmed for Airlake Airport in the Years 2020 – 2025 for additional improvements at Airlake Airport that include reconstruction and extension of the existing runway. The scheduling and funding in the later years of the CIP is still subject to change. Staff will keep the EDC informed of future improvements programmed for Airlake Airport. Action Requested: This is for information only. Updates of the status of this Capital Improvements Plan for Airlake Airport will be provided to the EDC in the future.