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expenses. The City will review the proposed operating budget and will submit the <br />budget to the City Council for approval during the City's normal budget process <br />(the "Approved Operating Budget "). The Operating Budget will be prepared <br />according to the guidelines set forth during the Budget Policy Meeting and due to <br />the City in accordance with the current fiscal year Budget Calendar due dates. <br />The Operator will exercise diligence and employ best efforts to ensure that <br />projections of revenue are met or exceeded and that the actual costs of <br />maintaining and operating the Airport do not exceed the Approved Operating <br />Budget, either in total or in any major expense category. Amendments to the <br />Approved Operating Budget will be made in accordance with City procedures <br />only and may not be made without the City's prior approval. <br />3.1.12 The Approved Operating Budget will include recommendations for the necessary <br />maintenance and repair (including routine scheduled maintenance) of Airport <br />Property. <br />3.1.13 For each fiscal year, commencing on January 1, and for the duration of the <br />Agreement, submit to the City a proposed Capital Improvements Plan ( "CIP ") for <br />the following fiscal year on or before January 1. This proposed CIP will include <br />the Operator's recommendations for capital improvement projects and expenses <br />for the upcoming fiscal year as well as a ten -year CIP projection, along with <br />potential funding sources for such improvements, including the identification of <br />possible federal or state grants. The Operator may suggest additional capital <br />improvement projects, which may become necessary or desirable and the City <br />will review these proposals and approve, reject or modify such proposals or will <br />implement the projects contingent upon the approval of funding and financing. <br />3.1.14 Regularly review the terms of all Airport concession agreements and other <br />contracts and recommend for the City's review and consideration proposed terms <br />on which these agreements might be extended, amended, renewed or rebid. As <br />circumstances arise, the Operator may make additional recommendations for the <br />City's review and consideration regarding potential concession agreements and <br />revenue - producing contracts involving the Airport. <br />Personnel <br />3.1.15 Operator will provide a sufficient number of qualified employees to adequately <br />staff, support, and maintain the Airport operation and facilities. Prior to the of the <br />Agreement, provide a detailed staffing plan to the City Manager or designee for <br />review and approval, indicating the type and quantity of the various positions the <br />Operator has determined are necessary in order to adequately provide the services <br />specified in this Agreement. Once accepted by the City, the staffing plan will not <br />be adjusted or amended without the City's prior approval. The Operator will <br />include in its staffing plan the provision of a full -time Airport Manager dedicated <br />solely to the Airport. The Airport Manager will not work as an Airport Manager <br />for any other Airport. The Airport Manager normally will be on duty from 9:00 <br />