Res 2010-146 - Laserfiche WebLink

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(the "Approved Operating Budget "). The Operating Budget will be prepared according to the guidelines set forth during the Budget Policy Meeting and due to the City in accordance with the current fiscal year Budget Calendar due dates. The Operator will exercise diligence and employ best efforts to ensure that projections of revenue are met or exceeded and that the actual costs of maintaining and operating the Airport do not exceed the Approved Operating Budget, either in total or in any major expense category. Amendments to the Approved Operating Budget will be made in accordance with City procedures only and may not be made without the City's prior approval. 3.1.12 The Approved Operating Budget will include recommendations for the necessary maintenance and repair (including routine scheduled maintenance) of Airport Property. 3.1.13 For each fiscal year, commencing on January 1, 2011 and for the duration of the Agreement, submit to the City a proposed Capital Improvements Plan ( "CIP ") for the following fiscal year on or before January 1. This proposed CIP will include the Operator's recommendations for capital improvement projects and expenses for the upcoming fiscal year as well as a ten -year CIP projection, along with potential funding sources for such improvements, including the identification of possible federal or state grants. The Operator may suggest additional capital improvement projects, which may become necessary or desirable and the City will review these proposals and approve, reject or modify such proposals or will implement the projects contingent upon the approval of funding and financing. 3.1.14 Regularly review the terms of all Airport concession agreements and other contracts and recommend for the City's review and consideration proposed terms on which these agreements might be extended, amended, renewed or rebid. As circumstances arise, the Operator may make additional recommendations for the City's review and consideration regarding potential concession agreements and revenue - producing contracts involving the Airport. Personnel 3.1.15 Operator will provide a sufficient number of qualified employees to adequately staff, support, and maintain the Airport operation and facilities. Prior to the end of the Transition Period, Operator shall provide a detailed staffing plan to the City Manager or designee for review and approval, indicating the type and quantity of the various positions the Operator has determined are necessary in order to adequately provide the services specified in this Agreement. Once accepted by the City, the staffing plan will not be adjusted or amended without the City's prior approval. The Operator will include in its staffing plan the provision of a full - time Airport Manager dedicated solely to the Airport. The Airport Manager will 13