SAMP Near Term Projects – Phase 1

SAMP Near Term Projects - Phase 1

10/15/18 Per the Director of Aviation Finance and Budget:

I am attaching the budget for Phase 1 of SAMP, and the analysis of the potential impacts modeled under three scenarios presented to the commission at a work session on May 7, 2018.

The commission presentation shows the potential CPE impacts for each of the three scenarios. No airline pays a “CPE.” The CPE is an overall measure of the total passenger airline revenues divided by enplaned passengers. No attempt has been made to model what individual airlines may pay in the future.

For this analysis, issuing revenue bonds was the variable to close the funding gap. Total debt (existing plus new) is shown for each scenario. These are just modeling scenarios at this point. The SAMP projects have not yet been added to the Aviation Division capital plan and plan of finance.

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