PSO 04A-EYW-18071070 Financial Planning . i
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PURCHASE/SERVICE ORDER FEB
2020
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MONROE COUNTY
Effective Date: Upon Execution Purchase Service Order No. 04A-EYW-18071070
Client Project No: 404-630187-530490-GAKD 135-530310
Project Name:Financial Planning Services
Description of Services: Ricondo&Associates,Inc.(Ricondo)will provide financial planning
services for the County of Monroe(County)to plan for the implementation of capital projects
identified in the Master Plan Updated for the Key West International Airport(Airport). See
attached Scope of Services consisting of 2 pages.
This PSO 04A adds time only to complete to the work.
Days to Complete 720 days/2 years Lump Sum Fee $49,867.00
Payment for Services shall be in their entirety as per PSO.
Witness: avc, Consultant:
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Name: fty9 RI< ,Ai 04,166 6' N e:Bonnie A. Osseae
Date: 3/1/3 AO 2 O Date: 02113 L o z.a
Accepted by: Approved by:
irector of Airports• Asst./CounVA ° O
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Date: 043 at) Date: 4/q/J-0.4)
1 NFOE COUNTY ATTORNEY
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A�PFIOVE� �FO OFMliA
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ASSI- ••• ''UNTYATTORNEY
Date 2/14/2020
PURCHASE/SERVICE ORDER
FOR
MONROE COUNTY
Effective Date: Of o 1- Ice sK1)r1 Purchase Service Order No. 04-EYW-I 8071070
301 t - S30IMO—
Client Project No: &Pc -) 13 S— 530 310
Project Name: Financial Planning Services
Description of Services: Ricondo&Associates,Inc.(Ricondo)will provide financial planning
services for the County of Monroe(County)to plan for the implementation of capital projects
identified in the Master Plan Update for the Key West International Airport(Airport).
(See attached Scope of Services consisting of_2_pages)
Days to Complete 240 days/7 months Lump Sum Fee $49,867.00
Payment for Services shall be in their entirety as per PSO.
Witness: ' Consultant:
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Name: Mark Ossege N e: Bonnie A. Ossege
Date: April 22,2019 Date: April 22,2019
Accepted by: Approved :
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Director of Airports Asst./County Administrator
Date: 1`,21 3 -19 Date:
NROE COUN�TY77�ATTORNEY'
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PED••
ASSISTA. "'UNTYATTORNEY
Date 2/14/2020
COUNTY OF MONROE KEY WEST INTERNATIONAL AIRPORT
Proposed Scope of Services
for Financial Planning Services
1.0 Objective
Ricondo&Associates, Inc, (Ricondo)is pleased to submit this proposed scope of services and related costs to
provide financial planning services for the County of Monroe(County)to plan for the implementation of capital
projects identified in the Master Plan Update for the Key West International Airport(Airport). The following
sections describe our technical approach,schedule,and cost estimate for completing this task.
2.0 Technical Approach -
The recent Master Plan Update for the Airport identified a robust capital program to meet future demand for
the Airport. Ricondo will coordinate with the County and the County's other consultants,as needed, to provide
the following services, as required.
• Benchmarking of certain airport financial and operating metrics is a valuable tool that can evaluate an
Airport's financial position against peer airports.Although every Airport is different,certain metrics can
be used to evaluate an airport's performance and competitive market position.Such bench marking can
assist the County in the measurement of operating and financial goals.One meeting with County staff
is expected to be undertaken in conjunction with this task.
• Identification of Funding Options includes the research and determination of eligibility for potential
funding options including but not limited to Federal Aviation Administration (FAA) grants, Florida
Department of Transportation (FDOT) grants, Passenger Facility Charges (PFC), Customer Facility
Charges(CFC), and debt funding for the capital program.These services may include coordination with
the FAA and FDOT.
• Preparation of Financial Projections for a five-year projection period will allow the County to evaluate
the financial feasibility of undertaking the capital program. The financial projections will include the
optimal plan of finance,projected airline rates and charges,cost per enplaned passenger,fund balances,
and debt service coverage.One meeting with County staff is expected to be scheduled to discuss the
financial projections.
Proposed Scope of Services March 4.2019
Financial Planning Services [i]
•
•
lCOUNTY OF MONROE KEY WEST INTERNATIONAL AIRPORT
• Preliminary planning for the implementation of an airline use and lease agreement will be
undertaken to begin to identify the optimal business methodology to contract with the airline partners
of the Airport.This subtask will include the identification of trends in airline- airport relationships that
Ricondo has observed recently in the negotiation of airline use and lease agreements at other airports.
One meeting with County staff and the County's other financial consultants is expected to be
undertaken.
• Other Financial Planning Services can be provided as identified by the County. As a full-service
aviation planning firm, Ricondo has the resources to assist with a broad variety of financial planning
services that include concession planning, aviation demand planning, ground transportation planning,
and general strategic planning,
3.0 Schedule
Ricondo estimates that the financial planning services will be undertaken from notice to proceed through
December 2019.
4.0 Budget TV
The budget to conduct an economic impact study is depicted in the attached Table 1. As shown, this project
will be performed for a fee not to exceed $49,867, including approved out-of-pocket expenses, which are
reimbursable at cost.
•
Proposed Scope of Services March 4.2019
Financial Planning Services (2]
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