HomeMy WebLinkAboutResolution No. 036-19 - Airline Incentive Fund
RESOLUTION
WHEREAS, The Rochester International Airport provides a valuable service for all
residents of Rochester and the surrounding area; and
WHEREAS, Maintaining existing routes and adding new routes are an important role in the
management of the Rochester International Airport; and
WHEREAS, It is common practice to maintain routes and draw new routes by providing
assurances the airline will meet certain metrics. This practice typically involves the airport
depositing funds to cover these metrics, which will only be drawn upon if the metrics are not met by
the airline; and
WHEREAS, The City of Rochester has previously deposited funds in such an account and
entered into an agreement with an airline to maintain a route. At the end of the agreement, the
City maintained the funds to be used at a later date for a similar purpose; and
WHEREAS, The City Administrator, in coordination with the Airport staff and the City
Attorney should be able to enter into future agreements that do not indebt the City in excess the
balance of the fund,
NOW THEREFORE BE IT RESOLVED by the Common Council of the City of Rochester
that it will benefit the public to maintain a fund to be used to maintain or add airline routes at
Rochester International airport.
BE IT FURTHER RESOLVED that the City Administrator has delegated authority to bind
the City to agreements that do not indebt the City in excess of the fund balance.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS __________ DAY OF ______________, 2019.
___________________________________
PRESIDENT OF SAID COMMON COUNCIL
ATTEST: __________________________
CITY CLERK
APPROVED THIS _____ DAY OF _____________________, 2019.
__________________________________
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)