Transcript of ORLANDO INTERNATIONAL - AIRPORT --------------- The ... · Services, at Orlando International...
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
AVIATION AUTHORITY BOARD MEETING MAY 20 2020
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Renewal of Contract 02-11 Common Use Passenger Processing System
and Common Use Self Service Operations and Maintenance Services with SITA
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~ ORLANDO INTERNATIONAL AIRPORT
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BACKGROUND SITArsquos Common Use Passenger Processing System (CUPPS) and Common Use Self Service System (CUSS) allows any airline to use an agent-assisted counter gate position or self-service kiosk for passenger check-in and bag drop and enables airlines to reconcile passengers boarded with their Departure Control System
This common platform enables the airport to be flexible with airline locations and allocation of resources such as ticket counters kiosks and gates
The SITA Common Use Systems employ hardware software and technical services in order to maintain operations in the North Terminal Complex Each has a cost associated which may include licensing maintenance support or an hourly rate
May 20 2020
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BACKGROUND (CONrsquoT) Contract 02-11 requires SITA to provide detailed technical design development hardware firmware software licenses installation integration implementation training manuals documentation operational support including associated gateways for airlines dependent on a remote host computer for departure control and for airlines independent of a remote host computer for departure control (Purchasing Contract)
This Contract was awarded on May 22 2012 following a competitive solicitation and selection process
This Contract includes an initial three-year term and an indefinite number of annual renewal terms that may be exercised by the Aviation Authority
This is a legacy system Exploring a different system would require a major conversion of our operations
May 20 2020
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ISSUES The Purchasing Contract as amended is scheduled to expire on May 21 2020
SITA has performed satisfactorily throughout the term of the Purchasing Contract
On March 23 2020 the ConcessionsProcurement Committee (Committee) approved Staffrsquos recommendation to approve a one-year renewal term to Purchasing Contract with SITA through May 21 2021 in the amount not-to-exceed $2158480
Due to the economic impacts attributable to COVID-19 the Purchasing Contract was re-assessed by Staff and reduced to an amount not-to-exceed $1599920 which was presented to and approved by the Committee on May 4 2020
bull Reductions include the following deferred upgrade and expansion Projects (hardware and software support) ~ 83 of total reduction reduced on site staff services ~ 17 of total reduction Note MCO has not shuttered any portions of the Terminal and continues to operate common use systems in all locations licensing maintenance
and support of existing common use systems is required
May 20 2020
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SMALL BUSINESS PARTICIPATION
Due to the limited and specialized nature of the services to be provided the Purchasing Contract does not include a Minority and Women Business Enterprise or Local Developing Business participation goal
May 20 2020
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FISCAL IMPACT
The fiscal impact for the proposed one-year renewal term is not-to-exceed $1599920
Funding is from Operations and Maintenance Funds
May 20 2020
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RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to accept the following recommendations of the ConcessionsProcurement Committee
1 Approve a one-year renewal term to Purchasing Contract No 02-11 Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA Information Networking Computing USA Inc through May 21 2021 in the amount not-to-exceed $1599920
2 Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $1599920
3 Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate amendment following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract
No 13-14
BACKGROUND Purchasing Contract 13-14 provides all labor and supervision materials and supplies tools and equipment and all other items necessary to provide twenty-four-seven on-site maintenance and repair monitoring safety testing and ongoing inspection of all elevators escalators and moving sidewalks located at the Airport
bull The Purchasing Agreement commenced on June 1 2014 with an initial four-year term and three one-year renewal terms
May 20 2020
ISSUES
bull The Purchasing Contractrsquos Second Renewal Term is scheduled to expire on May 31 2020
bull Six (6) new elevators located in Terminal C Parking Garage are added
bull No Increase in unit prices or hourly rates are requested at this time
May 20 2020
SMALL BUSINESS PARTICIPATION
bull This Contract includes a Minority and Women Business Enterprise (MWBE) participation goal of 16
bull The Small Business Development Department certifies that this contract is in good standing as it relates to MWBE participation goal
May 20 2020
FISCAL IMPACT bull The one-year fiscal impact is not-to-exceed $445263086
bull Funding is from Operations and Maintenance Funds
May 20 2020
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to
bull Approve the recommendation of the ConcessionsProcurement Committee
bull Approve Third Renewal Term for Purchasing Contract 13-14 Elevators Escalators and Moving Sidewalks Maintenance and Repair Services with Schindler Elevator Corporation
bull Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $445263086
bull Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate agreement following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Award Roadway Landscape Maintenance and Irrigation Services
to Helping Hand Lawn Care LLC Invitation to Bid No 10-20
BACKGROUND On January 202020 the Aviation Authority issued Invitation to Bid No 10-20 for all
labor and supervision tools and equipment materials and supplies parts plants
fertilizer chemicals mulch and all other items necessary to provide exterior landscape
maintenance and irrigation services of the Heintzelman Road and South Airport
Access landscaped roadway areas at Orlando International Airport The contract is
for a three-year term with two one-year renewal options
May 20 2020
ISSUES On February 18 2020 the Aviation Authority received five bids
bull Helping Hand Lawn Care LLC $138231900 bull Millennium Services of Florida LLC $147142500 bull Carol King Landscape Maintenance Inc $147168000 bull Groundteck of Central Florida Inc $161138700 bull ASI Landscape Management Inc $179560242
Bids are based upon a three year total
May 20 2020
ISSUES
bull Staff and legal counsel reviewed the bids and determined the three lowest bidders to be responsive and responsible bids
bull On March 23 2020 the ConcessionsProcurement Committee approved staffrsquos recommendation to award Purchasing Contract No 10-20 to the lowest responsive and responsible bidder Helping Hand Lawn Care LLC
bull Due to the economic impacts attributable to COVID-19 the contract was reduced to $1057962
May 20 2020
SMALL BUSINESS PARTICIPATION
This Contract includes a Minority and Women Business Enterprise (MWBE) participation goal of 19 and a Local Developing Business (LDB) participation goal of 5
May 20 2020
FISCAL IMPACT
bull The one-year fiscal impact is not-to-exceed $1057962 for the initial three-year term
bull Funding for current and subsequent fiscal years will be allocated from Operations and Maintenance Funds
May 20 2020
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to
bull Approve the recommendation of the ConcessionsProcurement Committee to Award Invitation to Bid No 10-20 Roadway Landscape Maintenance and Irrigation Services at Orlando International Airport to Helping Hand Lawn Care LLC for an initial three-year term with two one-year renewal options
bull Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $1057962 for the initial three-year term of the agreement
bull Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate agreement following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
Financial Update to the Greater Orlando Aviation Authority Board
Post COVID-19
May 20 2020
May 20 2020
COVID-19 Global Pandemic Today
Worldwide people are advised to maintain physical distancing and to avoid nonessential travel to stop spread of the virus
Theme parks closed cruises suspended conventions canceled business travel severely curtailed
Domestic and international flights into and out of MCO have collapsed bull International air travel suspended bull Nearly 1000 daily flights in April 2019 vs less than 200 last month bull 10-15 aircraft load factor (vs nearly 90 pre-Covid) bull Resulting in 95 reduction in passengers nationally and at MCO
May 20 2020 26
- - -
bull --- - -
-----
- - -
MCO Terminal Facilities Terminal Design Capacity and Forecast MAP Originally designed 24 MAP (Million
Annual Passengers) 70
North Terminal Capacity 60 Historical Sep 2019 Forecast Covid-19 Weighted Average Forecast Original Design Capacity NTC Enhanced Design Capacity
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019 as adjusted to reflect revenue passengers only to be consistent with the TAF data) ldquordquo Denotes forecast years for TAF
bull Consolidated rental car operations to A side of terminal and ConsolidatedFIS operations Saving energy and reducing staffing costs
Deferred approximately $286M of Renewal and Replacement projects bull Stopped work on all nonessential consultant and contractor projects
FY 2021 Preliminary Projected Budget Significantly Reduced bull $ 7M Below FY 2019 Budget levels ndash bull $45M or 12 reduction over previous projections (2019 ROAC) bull No new positions for FY 2021 May 20 2020 31
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Reimbursable Grant bull Operating expenses bull Debt service bull Capital expenditures (with additional conditions) bull The airport sponsor must continue to employ through December 31 2020 at least
90 of the number of individuals employed (after making adjustments for retirementsor voluntary employee separations) as of March 27 2020
bull Must spend within four years Blending of grants permitted for Airport Systems
bull MCO - $170 million (Covers less that 13 of 2019 Operating Budget) bull ORL - $69000
US Airport industry asking for additional funding (CARES 20)
May 20 2020 32
Timing of Recovery
Visitor demand to central Florida closely tied to opening of attractions and availability of disposable income
Business travel may lag leisure due to more restrictive company travel policies and adapting to virtual meetings
Several years to return to FY 2019 traffic levels CARES funding needed to sustain MCO though recovery
period to assist in meeting financial obligations bull Operating expenses bull Debt service bull Bond ldquoRate Covenantsrdquo
May 20 2020 33
$170 Million CARES Act Funds will not be enough
Covers less than one-third of annual operating budget In FY 2021 there is over $200M per year in outstanding
debt service supporting our Capital Improvement Program Additional financing of $500M needed to complete funding
of the current $42B Capital Improvement Program if no reductions are made bull Capital market volatility bull Reduced revenue resulting from decline in passenger
traffic
May 20 2020
GOAArsquos Anticipated Use of CARES Act Funds
Strategic use to provide the maximum benefit to both the Aviation Authority and our Partners bull Specific operating expenses including ORL bull Specific debt service payments
2017 Subordinated Bonds to avoid issuance of additional bonds to capitalize interest for deferred opening of the STC
May 20 2020 35
PFC Funding
Collection of $450 per eligible enplaned passenger 44 of the current STC Plan of Finance
Collection of $350 per day up to a maximum of seven days per rental transaction
Used for projects beneficial to Rental Car Companies (5 of current STC Plan of Finance)
CFC Revenues (000s) $50000
$40000
$30000
Weighted Average $20000 Forecast December 2018 Forecast
$10000
$-2018 2019 2020 2021 2022 2023 2024 2025
May 20 2020 37
Revised South Terminal C Phase 1 ndash 15 Gates
bull Given the current economic environment and resulting reduction to passenger demand Aviation Authority Staff and Consultants have performed a detailed review of the work associated with the STC Phase 1 and STC Phase 1 Expansion projects
bull Staff proposes a reduction in scope from 19 gates to 15 gates leaving the remaining 4 gates in the original plan to be constructed when demand warrants the added capacity
bull This approach is consistent with the Aviation Authorityrsquos practice to construct demand-driven facilities
bull The proposed scope reduction will require certain elements originally part of the STC Phase 1 Expansion project to be completed jointly with elements being constructed as part of the STC Phase 1 project
May 20 2020 38
Projected revisions subject to change based on actual negotiated reductions with CMARs
Potential Budget Reductions - STC and Related RAC Projects
4
Description
Estimated Budget Reduction Total
(in millions) - Airside Concourse (ASC) $ (1150)
- Baggage Handling System (BHS) (80)
- Passenger Boarding Bridge (PBB) (75)
- AirfieldApron (185)
- Ground Transportation Facility (GTF) (163)
- Landscaping (79 )
- Roadway Signage (56)
- Fixtures Furniture Equip (FFampE) and IT (80)
- Experimental Media Environment (EME) (33)
- Ground Support Equipment (GSE) (59)
- Employee Parking (20)
- Other (GR Insurance Art Airline Relocation) (280)
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
2019 ROAC
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
Original Design Capacity
NTC Enhanced Design Capacity
Historical
Sep 2019 Forecast
Covid-19 Weighted Average Forecast
Sep 2019 Forecast (ep)
Scen 7 Forecast (ep)
2009
24
40
34
16799
2010
24
40
34
17131
2011
24
40
36
17770
2012
24
40
35
17730
2013
24
40
35
17427
2014
24
40
35
17535
2015
24
40
38
18827
2016
24
40
41
20737
2017
24
40
43
21718
2018
24
40
47
23382
2019
24
40
497
24847
24847
2020
24
40
515
27
25766
13356
2021
24
40
529
25
26428
12655
2022
24
40
542
36
27094
18119
2023
24
40
555
40
27766
19865
2024
24
40
569
45
28428
22440
2025
24
40
582
49
29078
24682
2026
24
40
594
52
29714
25837
2027
24
40
607
53
30361
26384
2028
24
40
620
54
31019
26941
2029
24
40
634
55
31686
27507
2030
24
40
647
56
32364
28082
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
Sep 2019 Forecast
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Renewal of Contract 02-11 Common Use Passenger Processing System
and Common Use Self Service Operations and Maintenance Services with SITA
~ -_
~ ORLANDO INTERNATIONAL AIRPORT
er -----------Tbt Orl1ml E-perirnre
BACKGROUND SITArsquos Common Use Passenger Processing System (CUPPS) and Common Use Self Service System (CUSS) allows any airline to use an agent-assisted counter gate position or self-service kiosk for passenger check-in and bag drop and enables airlines to reconcile passengers boarded with their Departure Control System
This common platform enables the airport to be flexible with airline locations and allocation of resources such as ticket counters kiosks and gates
The SITA Common Use Systems employ hardware software and technical services in order to maintain operations in the North Terminal Complex Each has a cost associated which may include licensing maintenance support or an hourly rate
May 20 2020
~ -_
~ ORLANDO INTERNATIONAL AIRPORT
er -----------Tbt Orl1ml E-perirnre
BACKGROUND (CONrsquoT) Contract 02-11 requires SITA to provide detailed technical design development hardware firmware software licenses installation integration implementation training manuals documentation operational support including associated gateways for airlines dependent on a remote host computer for departure control and for airlines independent of a remote host computer for departure control (Purchasing Contract)
This Contract was awarded on May 22 2012 following a competitive solicitation and selection process
This Contract includes an initial three-year term and an indefinite number of annual renewal terms that may be exercised by the Aviation Authority
This is a legacy system Exploring a different system would require a major conversion of our operations
May 20 2020
~ -_
~ ORLANDO INTERNATIONAL AIRPORT
er -----------Tbt Orl1ml E-perirnre
ISSUES The Purchasing Contract as amended is scheduled to expire on May 21 2020
SITA has performed satisfactorily throughout the term of the Purchasing Contract
On March 23 2020 the ConcessionsProcurement Committee (Committee) approved Staffrsquos recommendation to approve a one-year renewal term to Purchasing Contract with SITA through May 21 2021 in the amount not-to-exceed $2158480
Due to the economic impacts attributable to COVID-19 the Purchasing Contract was re-assessed by Staff and reduced to an amount not-to-exceed $1599920 which was presented to and approved by the Committee on May 4 2020
bull Reductions include the following deferred upgrade and expansion Projects (hardware and software support) ~ 83 of total reduction reduced on site staff services ~ 17 of total reduction Note MCO has not shuttered any portions of the Terminal and continues to operate common use systems in all locations licensing maintenance
and support of existing common use systems is required
May 20 2020
~ -_
~ ORLANDO INTERNATIONAL AIRPORT
er -----------Tbt Orl1ml E-perirnre
SMALL BUSINESS PARTICIPATION
Due to the limited and specialized nature of the services to be provided the Purchasing Contract does not include a Minority and Women Business Enterprise or Local Developing Business participation goal
May 20 2020
~ -_
~ ORLANDO INTERNATIONAL AIRPORT
er -----------Tbt Orl1ml E-perirnre
FISCAL IMPACT
The fiscal impact for the proposed one-year renewal term is not-to-exceed $1599920
Funding is from Operations and Maintenance Funds
May 20 2020
~ -_
~ ORLANDO INTERNATIONAL AIRPORT
er -----------Tbt Orl1ml E-perirnre
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to accept the following recommendations of the ConcessionsProcurement Committee
1 Approve a one-year renewal term to Purchasing Contract No 02-11 Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA Information Networking Computing USA Inc through May 21 2021 in the amount not-to-exceed $1599920
2 Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $1599920
3 Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate amendment following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract
No 13-14
BACKGROUND Purchasing Contract 13-14 provides all labor and supervision materials and supplies tools and equipment and all other items necessary to provide twenty-four-seven on-site maintenance and repair monitoring safety testing and ongoing inspection of all elevators escalators and moving sidewalks located at the Airport
bull The Purchasing Agreement commenced on June 1 2014 with an initial four-year term and three one-year renewal terms
May 20 2020
ISSUES
bull The Purchasing Contractrsquos Second Renewal Term is scheduled to expire on May 31 2020
bull Six (6) new elevators located in Terminal C Parking Garage are added
bull No Increase in unit prices or hourly rates are requested at this time
May 20 2020
SMALL BUSINESS PARTICIPATION
bull This Contract includes a Minority and Women Business Enterprise (MWBE) participation goal of 16
bull The Small Business Development Department certifies that this contract is in good standing as it relates to MWBE participation goal
May 20 2020
FISCAL IMPACT bull The one-year fiscal impact is not-to-exceed $445263086
bull Funding is from Operations and Maintenance Funds
May 20 2020
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to
bull Approve the recommendation of the ConcessionsProcurement Committee
bull Approve Third Renewal Term for Purchasing Contract 13-14 Elevators Escalators and Moving Sidewalks Maintenance and Repair Services with Schindler Elevator Corporation
bull Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $445263086
bull Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate agreement following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Award Roadway Landscape Maintenance and Irrigation Services
to Helping Hand Lawn Care LLC Invitation to Bid No 10-20
BACKGROUND On January 202020 the Aviation Authority issued Invitation to Bid No 10-20 for all
labor and supervision tools and equipment materials and supplies parts plants
fertilizer chemicals mulch and all other items necessary to provide exterior landscape
maintenance and irrigation services of the Heintzelman Road and South Airport
Access landscaped roadway areas at Orlando International Airport The contract is
for a three-year term with two one-year renewal options
May 20 2020
ISSUES On February 18 2020 the Aviation Authority received five bids
bull Helping Hand Lawn Care LLC $138231900 bull Millennium Services of Florida LLC $147142500 bull Carol King Landscape Maintenance Inc $147168000 bull Groundteck of Central Florida Inc $161138700 bull ASI Landscape Management Inc $179560242
Bids are based upon a three year total
May 20 2020
ISSUES
bull Staff and legal counsel reviewed the bids and determined the three lowest bidders to be responsive and responsible bids
bull On March 23 2020 the ConcessionsProcurement Committee approved staffrsquos recommendation to award Purchasing Contract No 10-20 to the lowest responsive and responsible bidder Helping Hand Lawn Care LLC
bull Due to the economic impacts attributable to COVID-19 the contract was reduced to $1057962
May 20 2020
SMALL BUSINESS PARTICIPATION
This Contract includes a Minority and Women Business Enterprise (MWBE) participation goal of 19 and a Local Developing Business (LDB) participation goal of 5
May 20 2020
FISCAL IMPACT
bull The one-year fiscal impact is not-to-exceed $1057962 for the initial three-year term
bull Funding for current and subsequent fiscal years will be allocated from Operations and Maintenance Funds
May 20 2020
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to
bull Approve the recommendation of the ConcessionsProcurement Committee to Award Invitation to Bid No 10-20 Roadway Landscape Maintenance and Irrigation Services at Orlando International Airport to Helping Hand Lawn Care LLC for an initial three-year term with two one-year renewal options
bull Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $1057962 for the initial three-year term of the agreement
bull Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate agreement following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
Financial Update to the Greater Orlando Aviation Authority Board
Post COVID-19
May 20 2020
May 20 2020
COVID-19 Global Pandemic Today
Worldwide people are advised to maintain physical distancing and to avoid nonessential travel to stop spread of the virus
Theme parks closed cruises suspended conventions canceled business travel severely curtailed
Domestic and international flights into and out of MCO have collapsed bull International air travel suspended bull Nearly 1000 daily flights in April 2019 vs less than 200 last month bull 10-15 aircraft load factor (vs nearly 90 pre-Covid) bull Resulting in 95 reduction in passengers nationally and at MCO
May 20 2020 26
- - -
bull --- - -
-----
- - -
MCO Terminal Facilities Terminal Design Capacity and Forecast MAP Originally designed 24 MAP (Million
Annual Passengers) 70
North Terminal Capacity 60 Historical Sep 2019 Forecast Covid-19 Weighted Average Forecast Original Design Capacity NTC Enhanced Design Capacity
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019 as adjusted to reflect revenue passengers only to be consistent with the TAF data) ldquordquo Denotes forecast years for TAF
bull Consolidated rental car operations to A side of terminal and ConsolidatedFIS operations Saving energy and reducing staffing costs
Deferred approximately $286M of Renewal and Replacement projects bull Stopped work on all nonessential consultant and contractor projects
FY 2021 Preliminary Projected Budget Significantly Reduced bull $ 7M Below FY 2019 Budget levels ndash bull $45M or 12 reduction over previous projections (2019 ROAC) bull No new positions for FY 2021 May 20 2020 31
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Reimbursable Grant bull Operating expenses bull Debt service bull Capital expenditures (with additional conditions) bull The airport sponsor must continue to employ through December 31 2020 at least
90 of the number of individuals employed (after making adjustments for retirementsor voluntary employee separations) as of March 27 2020
bull Must spend within four years Blending of grants permitted for Airport Systems
bull MCO - $170 million (Covers less that 13 of 2019 Operating Budget) bull ORL - $69000
US Airport industry asking for additional funding (CARES 20)
May 20 2020 32
Timing of Recovery
Visitor demand to central Florida closely tied to opening of attractions and availability of disposable income
Business travel may lag leisure due to more restrictive company travel policies and adapting to virtual meetings
Several years to return to FY 2019 traffic levels CARES funding needed to sustain MCO though recovery
period to assist in meeting financial obligations bull Operating expenses bull Debt service bull Bond ldquoRate Covenantsrdquo
May 20 2020 33
$170 Million CARES Act Funds will not be enough
Covers less than one-third of annual operating budget In FY 2021 there is over $200M per year in outstanding
debt service supporting our Capital Improvement Program Additional financing of $500M needed to complete funding
of the current $42B Capital Improvement Program if no reductions are made bull Capital market volatility bull Reduced revenue resulting from decline in passenger
traffic
May 20 2020
GOAArsquos Anticipated Use of CARES Act Funds
Strategic use to provide the maximum benefit to both the Aviation Authority and our Partners bull Specific operating expenses including ORL bull Specific debt service payments
2017 Subordinated Bonds to avoid issuance of additional bonds to capitalize interest for deferred opening of the STC
May 20 2020 35
PFC Funding
Collection of $450 per eligible enplaned passenger 44 of the current STC Plan of Finance
Collection of $350 per day up to a maximum of seven days per rental transaction
Used for projects beneficial to Rental Car Companies (5 of current STC Plan of Finance)
CFC Revenues (000s) $50000
$40000
$30000
Weighted Average $20000 Forecast December 2018 Forecast
$10000
$-2018 2019 2020 2021 2022 2023 2024 2025
May 20 2020 37
Revised South Terminal C Phase 1 ndash 15 Gates
bull Given the current economic environment and resulting reduction to passenger demand Aviation Authority Staff and Consultants have performed a detailed review of the work associated with the STC Phase 1 and STC Phase 1 Expansion projects
bull Staff proposes a reduction in scope from 19 gates to 15 gates leaving the remaining 4 gates in the original plan to be constructed when demand warrants the added capacity
bull This approach is consistent with the Aviation Authorityrsquos practice to construct demand-driven facilities
bull The proposed scope reduction will require certain elements originally part of the STC Phase 1 Expansion project to be completed jointly with elements being constructed as part of the STC Phase 1 project
May 20 2020 38
Projected revisions subject to change based on actual negotiated reductions with CMARs
Potential Budget Reductions - STC and Related RAC Projects
4
Description
Estimated Budget Reduction Total
(in millions) - Airside Concourse (ASC) $ (1150)
- Baggage Handling System (BHS) (80)
- Passenger Boarding Bridge (PBB) (75)
- AirfieldApron (185)
- Ground Transportation Facility (GTF) (163)
- Landscaping (79 )
- Roadway Signage (56)
- Fixtures Furniture Equip (FFampE) and IT (80)
- Experimental Media Environment (EME) (33)
- Ground Support Equipment (GSE) (59)
- Employee Parking (20)
- Other (GR Insurance Art Airline Relocation) (280)
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
2019 ROAC
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
Original Design Capacity
NTC Enhanced Design Capacity
Historical
Sep 2019 Forecast
Covid-19 Weighted Average Forecast
Sep 2019 Forecast (ep)
Scen 7 Forecast (ep)
2009
24
40
34
16799
2010
24
40
34
17131
2011
24
40
36
17770
2012
24
40
35
17730
2013
24
40
35
17427
2014
24
40
35
17535
2015
24
40
38
18827
2016
24
40
41
20737
2017
24
40
43
21718
2018
24
40
47
23382
2019
24
40
497
24847
24847
2020
24
40
515
27
25766
13356
2021
24
40
529
25
26428
12655
2022
24
40
542
36
27094
18119
2023
24
40
555
40
27766
19865
2024
24
40
569
45
28428
22440
2025
24
40
582
49
29078
24682
2026
24
40
594
52
29714
25837
2027
24
40
607
53
30361
26384
2028
24
40
620
54
31019
26941
2029
24
40
634
55
31686
27507
2030
24
40
647
56
32364
28082
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
Sep 2019 Forecast
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
~ -_
~ ORLANDO INTERNATIONAL AIRPORT
er -----------Tbt Orl1ml E-perirnre
BACKGROUND SITArsquos Common Use Passenger Processing System (CUPPS) and Common Use Self Service System (CUSS) allows any airline to use an agent-assisted counter gate position or self-service kiosk for passenger check-in and bag drop and enables airlines to reconcile passengers boarded with their Departure Control System
This common platform enables the airport to be flexible with airline locations and allocation of resources such as ticket counters kiosks and gates
The SITA Common Use Systems employ hardware software and technical services in order to maintain operations in the North Terminal Complex Each has a cost associated which may include licensing maintenance support or an hourly rate
May 20 2020
~ -_
~ ORLANDO INTERNATIONAL AIRPORT
er -----------Tbt Orl1ml E-perirnre
BACKGROUND (CONrsquoT) Contract 02-11 requires SITA to provide detailed technical design development hardware firmware software licenses installation integration implementation training manuals documentation operational support including associated gateways for airlines dependent on a remote host computer for departure control and for airlines independent of a remote host computer for departure control (Purchasing Contract)
This Contract was awarded on May 22 2012 following a competitive solicitation and selection process
This Contract includes an initial three-year term and an indefinite number of annual renewal terms that may be exercised by the Aviation Authority
This is a legacy system Exploring a different system would require a major conversion of our operations
May 20 2020
~ -_
~ ORLANDO INTERNATIONAL AIRPORT
er -----------Tbt Orl1ml E-perirnre
ISSUES The Purchasing Contract as amended is scheduled to expire on May 21 2020
SITA has performed satisfactorily throughout the term of the Purchasing Contract
On March 23 2020 the ConcessionsProcurement Committee (Committee) approved Staffrsquos recommendation to approve a one-year renewal term to Purchasing Contract with SITA through May 21 2021 in the amount not-to-exceed $2158480
Due to the economic impacts attributable to COVID-19 the Purchasing Contract was re-assessed by Staff and reduced to an amount not-to-exceed $1599920 which was presented to and approved by the Committee on May 4 2020
bull Reductions include the following deferred upgrade and expansion Projects (hardware and software support) ~ 83 of total reduction reduced on site staff services ~ 17 of total reduction Note MCO has not shuttered any portions of the Terminal and continues to operate common use systems in all locations licensing maintenance
and support of existing common use systems is required
May 20 2020
~ -_
~ ORLANDO INTERNATIONAL AIRPORT
er -----------Tbt Orl1ml E-perirnre
SMALL BUSINESS PARTICIPATION
Due to the limited and specialized nature of the services to be provided the Purchasing Contract does not include a Minority and Women Business Enterprise or Local Developing Business participation goal
May 20 2020
~ -_
~ ORLANDO INTERNATIONAL AIRPORT
er -----------Tbt Orl1ml E-perirnre
FISCAL IMPACT
The fiscal impact for the proposed one-year renewal term is not-to-exceed $1599920
Funding is from Operations and Maintenance Funds
May 20 2020
~ -_
~ ORLANDO INTERNATIONAL AIRPORT
er -----------Tbt Orl1ml E-perirnre
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to accept the following recommendations of the ConcessionsProcurement Committee
1 Approve a one-year renewal term to Purchasing Contract No 02-11 Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA Information Networking Computing USA Inc through May 21 2021 in the amount not-to-exceed $1599920
2 Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $1599920
3 Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate amendment following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract
No 13-14
BACKGROUND Purchasing Contract 13-14 provides all labor and supervision materials and supplies tools and equipment and all other items necessary to provide twenty-four-seven on-site maintenance and repair monitoring safety testing and ongoing inspection of all elevators escalators and moving sidewalks located at the Airport
bull The Purchasing Agreement commenced on June 1 2014 with an initial four-year term and three one-year renewal terms
May 20 2020
ISSUES
bull The Purchasing Contractrsquos Second Renewal Term is scheduled to expire on May 31 2020
bull Six (6) new elevators located in Terminal C Parking Garage are added
bull No Increase in unit prices or hourly rates are requested at this time
May 20 2020
SMALL BUSINESS PARTICIPATION
bull This Contract includes a Minority and Women Business Enterprise (MWBE) participation goal of 16
bull The Small Business Development Department certifies that this contract is in good standing as it relates to MWBE participation goal
May 20 2020
FISCAL IMPACT bull The one-year fiscal impact is not-to-exceed $445263086
bull Funding is from Operations and Maintenance Funds
May 20 2020
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to
bull Approve the recommendation of the ConcessionsProcurement Committee
bull Approve Third Renewal Term for Purchasing Contract 13-14 Elevators Escalators and Moving Sidewalks Maintenance and Repair Services with Schindler Elevator Corporation
bull Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $445263086
bull Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate agreement following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Award Roadway Landscape Maintenance and Irrigation Services
to Helping Hand Lawn Care LLC Invitation to Bid No 10-20
BACKGROUND On January 202020 the Aviation Authority issued Invitation to Bid No 10-20 for all
labor and supervision tools and equipment materials and supplies parts plants
fertilizer chemicals mulch and all other items necessary to provide exterior landscape
maintenance and irrigation services of the Heintzelman Road and South Airport
Access landscaped roadway areas at Orlando International Airport The contract is
for a three-year term with two one-year renewal options
May 20 2020
ISSUES On February 18 2020 the Aviation Authority received five bids
bull Helping Hand Lawn Care LLC $138231900 bull Millennium Services of Florida LLC $147142500 bull Carol King Landscape Maintenance Inc $147168000 bull Groundteck of Central Florida Inc $161138700 bull ASI Landscape Management Inc $179560242
Bids are based upon a three year total
May 20 2020
ISSUES
bull Staff and legal counsel reviewed the bids and determined the three lowest bidders to be responsive and responsible bids
bull On March 23 2020 the ConcessionsProcurement Committee approved staffrsquos recommendation to award Purchasing Contract No 10-20 to the lowest responsive and responsible bidder Helping Hand Lawn Care LLC
bull Due to the economic impacts attributable to COVID-19 the contract was reduced to $1057962
May 20 2020
SMALL BUSINESS PARTICIPATION
This Contract includes a Minority and Women Business Enterprise (MWBE) participation goal of 19 and a Local Developing Business (LDB) participation goal of 5
May 20 2020
FISCAL IMPACT
bull The one-year fiscal impact is not-to-exceed $1057962 for the initial three-year term
bull Funding for current and subsequent fiscal years will be allocated from Operations and Maintenance Funds
May 20 2020
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to
bull Approve the recommendation of the ConcessionsProcurement Committee to Award Invitation to Bid No 10-20 Roadway Landscape Maintenance and Irrigation Services at Orlando International Airport to Helping Hand Lawn Care LLC for an initial three-year term with two one-year renewal options
bull Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $1057962 for the initial three-year term of the agreement
bull Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate agreement following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
Financial Update to the Greater Orlando Aviation Authority Board
Post COVID-19
May 20 2020
May 20 2020
COVID-19 Global Pandemic Today
Worldwide people are advised to maintain physical distancing and to avoid nonessential travel to stop spread of the virus
Theme parks closed cruises suspended conventions canceled business travel severely curtailed
Domestic and international flights into and out of MCO have collapsed bull International air travel suspended bull Nearly 1000 daily flights in April 2019 vs less than 200 last month bull 10-15 aircraft load factor (vs nearly 90 pre-Covid) bull Resulting in 95 reduction in passengers nationally and at MCO
May 20 2020 26
- - -
bull --- - -
-----
- - -
MCO Terminal Facilities Terminal Design Capacity and Forecast MAP Originally designed 24 MAP (Million
Annual Passengers) 70
North Terminal Capacity 60 Historical Sep 2019 Forecast Covid-19 Weighted Average Forecast Original Design Capacity NTC Enhanced Design Capacity
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019 as adjusted to reflect revenue passengers only to be consistent with the TAF data) ldquordquo Denotes forecast years for TAF
bull Consolidated rental car operations to A side of terminal and ConsolidatedFIS operations Saving energy and reducing staffing costs
Deferred approximately $286M of Renewal and Replacement projects bull Stopped work on all nonessential consultant and contractor projects
FY 2021 Preliminary Projected Budget Significantly Reduced bull $ 7M Below FY 2019 Budget levels ndash bull $45M or 12 reduction over previous projections (2019 ROAC) bull No new positions for FY 2021 May 20 2020 31
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Reimbursable Grant bull Operating expenses bull Debt service bull Capital expenditures (with additional conditions) bull The airport sponsor must continue to employ through December 31 2020 at least
90 of the number of individuals employed (after making adjustments for retirementsor voluntary employee separations) as of March 27 2020
bull Must spend within four years Blending of grants permitted for Airport Systems
bull MCO - $170 million (Covers less that 13 of 2019 Operating Budget) bull ORL - $69000
US Airport industry asking for additional funding (CARES 20)
May 20 2020 32
Timing of Recovery
Visitor demand to central Florida closely tied to opening of attractions and availability of disposable income
Business travel may lag leisure due to more restrictive company travel policies and adapting to virtual meetings
Several years to return to FY 2019 traffic levels CARES funding needed to sustain MCO though recovery
period to assist in meeting financial obligations bull Operating expenses bull Debt service bull Bond ldquoRate Covenantsrdquo
May 20 2020 33
$170 Million CARES Act Funds will not be enough
Covers less than one-third of annual operating budget In FY 2021 there is over $200M per year in outstanding
debt service supporting our Capital Improvement Program Additional financing of $500M needed to complete funding
of the current $42B Capital Improvement Program if no reductions are made bull Capital market volatility bull Reduced revenue resulting from decline in passenger
traffic
May 20 2020
GOAArsquos Anticipated Use of CARES Act Funds
Strategic use to provide the maximum benefit to both the Aviation Authority and our Partners bull Specific operating expenses including ORL bull Specific debt service payments
2017 Subordinated Bonds to avoid issuance of additional bonds to capitalize interest for deferred opening of the STC
May 20 2020 35
PFC Funding
Collection of $450 per eligible enplaned passenger 44 of the current STC Plan of Finance
Collection of $350 per day up to a maximum of seven days per rental transaction
Used for projects beneficial to Rental Car Companies (5 of current STC Plan of Finance)
CFC Revenues (000s) $50000
$40000
$30000
Weighted Average $20000 Forecast December 2018 Forecast
$10000
$-2018 2019 2020 2021 2022 2023 2024 2025
May 20 2020 37
Revised South Terminal C Phase 1 ndash 15 Gates
bull Given the current economic environment and resulting reduction to passenger demand Aviation Authority Staff and Consultants have performed a detailed review of the work associated with the STC Phase 1 and STC Phase 1 Expansion projects
bull Staff proposes a reduction in scope from 19 gates to 15 gates leaving the remaining 4 gates in the original plan to be constructed when demand warrants the added capacity
bull This approach is consistent with the Aviation Authorityrsquos practice to construct demand-driven facilities
bull The proposed scope reduction will require certain elements originally part of the STC Phase 1 Expansion project to be completed jointly with elements being constructed as part of the STC Phase 1 project
May 20 2020 38
Projected revisions subject to change based on actual negotiated reductions with CMARs
Potential Budget Reductions - STC and Related RAC Projects
4
Description
Estimated Budget Reduction Total
(in millions) - Airside Concourse (ASC) $ (1150)
- Baggage Handling System (BHS) (80)
- Passenger Boarding Bridge (PBB) (75)
- AirfieldApron (185)
- Ground Transportation Facility (GTF) (163)
- Landscaping (79 )
- Roadway Signage (56)
- Fixtures Furniture Equip (FFampE) and IT (80)
- Experimental Media Environment (EME) (33)
- Ground Support Equipment (GSE) (59)
- Employee Parking (20)
- Other (GR Insurance Art Airline Relocation) (280)
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
2019 ROAC
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
Original Design Capacity
NTC Enhanced Design Capacity
Historical
Sep 2019 Forecast
Covid-19 Weighted Average Forecast
Sep 2019 Forecast (ep)
Scen 7 Forecast (ep)
2009
24
40
34
16799
2010
24
40
34
17131
2011
24
40
36
17770
2012
24
40
35
17730
2013
24
40
35
17427
2014
24
40
35
17535
2015
24
40
38
18827
2016
24
40
41
20737
2017
24
40
43
21718
2018
24
40
47
23382
2019
24
40
497
24847
24847
2020
24
40
515
27
25766
13356
2021
24
40
529
25
26428
12655
2022
24
40
542
36
27094
18119
2023
24
40
555
40
27766
19865
2024
24
40
569
45
28428
22440
2025
24
40
582
49
29078
24682
2026
24
40
594
52
29714
25837
2027
24
40
607
53
30361
26384
2028
24
40
620
54
31019
26941
2029
24
40
634
55
31686
27507
2030
24
40
647
56
32364
28082
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
Sep 2019 Forecast
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
~ -_
~ ORLANDO INTERNATIONAL AIRPORT
er -----------Tbt Orl1ml E-perirnre
BACKGROUND (CONrsquoT) Contract 02-11 requires SITA to provide detailed technical design development hardware firmware software licenses installation integration implementation training manuals documentation operational support including associated gateways for airlines dependent on a remote host computer for departure control and for airlines independent of a remote host computer for departure control (Purchasing Contract)
This Contract was awarded on May 22 2012 following a competitive solicitation and selection process
This Contract includes an initial three-year term and an indefinite number of annual renewal terms that may be exercised by the Aviation Authority
This is a legacy system Exploring a different system would require a major conversion of our operations
May 20 2020
~ -_
~ ORLANDO INTERNATIONAL AIRPORT
er -----------Tbt Orl1ml E-perirnre
ISSUES The Purchasing Contract as amended is scheduled to expire on May 21 2020
SITA has performed satisfactorily throughout the term of the Purchasing Contract
On March 23 2020 the ConcessionsProcurement Committee (Committee) approved Staffrsquos recommendation to approve a one-year renewal term to Purchasing Contract with SITA through May 21 2021 in the amount not-to-exceed $2158480
Due to the economic impacts attributable to COVID-19 the Purchasing Contract was re-assessed by Staff and reduced to an amount not-to-exceed $1599920 which was presented to and approved by the Committee on May 4 2020
bull Reductions include the following deferred upgrade and expansion Projects (hardware and software support) ~ 83 of total reduction reduced on site staff services ~ 17 of total reduction Note MCO has not shuttered any portions of the Terminal and continues to operate common use systems in all locations licensing maintenance
and support of existing common use systems is required
May 20 2020
~ -_
~ ORLANDO INTERNATIONAL AIRPORT
er -----------Tbt Orl1ml E-perirnre
SMALL BUSINESS PARTICIPATION
Due to the limited and specialized nature of the services to be provided the Purchasing Contract does not include a Minority and Women Business Enterprise or Local Developing Business participation goal
May 20 2020
~ -_
~ ORLANDO INTERNATIONAL AIRPORT
er -----------Tbt Orl1ml E-perirnre
FISCAL IMPACT
The fiscal impact for the proposed one-year renewal term is not-to-exceed $1599920
Funding is from Operations and Maintenance Funds
May 20 2020
~ -_
~ ORLANDO INTERNATIONAL AIRPORT
er -----------Tbt Orl1ml E-perirnre
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to accept the following recommendations of the ConcessionsProcurement Committee
1 Approve a one-year renewal term to Purchasing Contract No 02-11 Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA Information Networking Computing USA Inc through May 21 2021 in the amount not-to-exceed $1599920
2 Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $1599920
3 Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate amendment following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract
No 13-14
BACKGROUND Purchasing Contract 13-14 provides all labor and supervision materials and supplies tools and equipment and all other items necessary to provide twenty-four-seven on-site maintenance and repair monitoring safety testing and ongoing inspection of all elevators escalators and moving sidewalks located at the Airport
bull The Purchasing Agreement commenced on June 1 2014 with an initial four-year term and three one-year renewal terms
May 20 2020
ISSUES
bull The Purchasing Contractrsquos Second Renewal Term is scheduled to expire on May 31 2020
bull Six (6) new elevators located in Terminal C Parking Garage are added
bull No Increase in unit prices or hourly rates are requested at this time
May 20 2020
SMALL BUSINESS PARTICIPATION
bull This Contract includes a Minority and Women Business Enterprise (MWBE) participation goal of 16
bull The Small Business Development Department certifies that this contract is in good standing as it relates to MWBE participation goal
May 20 2020
FISCAL IMPACT bull The one-year fiscal impact is not-to-exceed $445263086
bull Funding is from Operations and Maintenance Funds
May 20 2020
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to
bull Approve the recommendation of the ConcessionsProcurement Committee
bull Approve Third Renewal Term for Purchasing Contract 13-14 Elevators Escalators and Moving Sidewalks Maintenance and Repair Services with Schindler Elevator Corporation
bull Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $445263086
bull Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate agreement following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Award Roadway Landscape Maintenance and Irrigation Services
to Helping Hand Lawn Care LLC Invitation to Bid No 10-20
BACKGROUND On January 202020 the Aviation Authority issued Invitation to Bid No 10-20 for all
labor and supervision tools and equipment materials and supplies parts plants
fertilizer chemicals mulch and all other items necessary to provide exterior landscape
maintenance and irrigation services of the Heintzelman Road and South Airport
Access landscaped roadway areas at Orlando International Airport The contract is
for a three-year term with two one-year renewal options
May 20 2020
ISSUES On February 18 2020 the Aviation Authority received five bids
bull Helping Hand Lawn Care LLC $138231900 bull Millennium Services of Florida LLC $147142500 bull Carol King Landscape Maintenance Inc $147168000 bull Groundteck of Central Florida Inc $161138700 bull ASI Landscape Management Inc $179560242
Bids are based upon a three year total
May 20 2020
ISSUES
bull Staff and legal counsel reviewed the bids and determined the three lowest bidders to be responsive and responsible bids
bull On March 23 2020 the ConcessionsProcurement Committee approved staffrsquos recommendation to award Purchasing Contract No 10-20 to the lowest responsive and responsible bidder Helping Hand Lawn Care LLC
bull Due to the economic impacts attributable to COVID-19 the contract was reduced to $1057962
May 20 2020
SMALL BUSINESS PARTICIPATION
This Contract includes a Minority and Women Business Enterprise (MWBE) participation goal of 19 and a Local Developing Business (LDB) participation goal of 5
May 20 2020
FISCAL IMPACT
bull The one-year fiscal impact is not-to-exceed $1057962 for the initial three-year term
bull Funding for current and subsequent fiscal years will be allocated from Operations and Maintenance Funds
May 20 2020
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to
bull Approve the recommendation of the ConcessionsProcurement Committee to Award Invitation to Bid No 10-20 Roadway Landscape Maintenance and Irrigation Services at Orlando International Airport to Helping Hand Lawn Care LLC for an initial three-year term with two one-year renewal options
bull Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $1057962 for the initial three-year term of the agreement
bull Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate agreement following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
Financial Update to the Greater Orlando Aviation Authority Board
Post COVID-19
May 20 2020
May 20 2020
COVID-19 Global Pandemic Today
Worldwide people are advised to maintain physical distancing and to avoid nonessential travel to stop spread of the virus
Theme parks closed cruises suspended conventions canceled business travel severely curtailed
Domestic and international flights into and out of MCO have collapsed bull International air travel suspended bull Nearly 1000 daily flights in April 2019 vs less than 200 last month bull 10-15 aircraft load factor (vs nearly 90 pre-Covid) bull Resulting in 95 reduction in passengers nationally and at MCO
May 20 2020 26
- - -
bull --- - -
-----
- - -
MCO Terminal Facilities Terminal Design Capacity and Forecast MAP Originally designed 24 MAP (Million
Annual Passengers) 70
North Terminal Capacity 60 Historical Sep 2019 Forecast Covid-19 Weighted Average Forecast Original Design Capacity NTC Enhanced Design Capacity
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019 as adjusted to reflect revenue passengers only to be consistent with the TAF data) ldquordquo Denotes forecast years for TAF
bull Consolidated rental car operations to A side of terminal and ConsolidatedFIS operations Saving energy and reducing staffing costs
Deferred approximately $286M of Renewal and Replacement projects bull Stopped work on all nonessential consultant and contractor projects
FY 2021 Preliminary Projected Budget Significantly Reduced bull $ 7M Below FY 2019 Budget levels ndash bull $45M or 12 reduction over previous projections (2019 ROAC) bull No new positions for FY 2021 May 20 2020 31
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Reimbursable Grant bull Operating expenses bull Debt service bull Capital expenditures (with additional conditions) bull The airport sponsor must continue to employ through December 31 2020 at least
90 of the number of individuals employed (after making adjustments for retirementsor voluntary employee separations) as of March 27 2020
bull Must spend within four years Blending of grants permitted for Airport Systems
bull MCO - $170 million (Covers less that 13 of 2019 Operating Budget) bull ORL - $69000
US Airport industry asking for additional funding (CARES 20)
May 20 2020 32
Timing of Recovery
Visitor demand to central Florida closely tied to opening of attractions and availability of disposable income
Business travel may lag leisure due to more restrictive company travel policies and adapting to virtual meetings
Several years to return to FY 2019 traffic levels CARES funding needed to sustain MCO though recovery
period to assist in meeting financial obligations bull Operating expenses bull Debt service bull Bond ldquoRate Covenantsrdquo
May 20 2020 33
$170 Million CARES Act Funds will not be enough
Covers less than one-third of annual operating budget In FY 2021 there is over $200M per year in outstanding
debt service supporting our Capital Improvement Program Additional financing of $500M needed to complete funding
of the current $42B Capital Improvement Program if no reductions are made bull Capital market volatility bull Reduced revenue resulting from decline in passenger
traffic
May 20 2020
GOAArsquos Anticipated Use of CARES Act Funds
Strategic use to provide the maximum benefit to both the Aviation Authority and our Partners bull Specific operating expenses including ORL bull Specific debt service payments
2017 Subordinated Bonds to avoid issuance of additional bonds to capitalize interest for deferred opening of the STC
May 20 2020 35
PFC Funding
Collection of $450 per eligible enplaned passenger 44 of the current STC Plan of Finance
Collection of $350 per day up to a maximum of seven days per rental transaction
Used for projects beneficial to Rental Car Companies (5 of current STC Plan of Finance)
CFC Revenues (000s) $50000
$40000
$30000
Weighted Average $20000 Forecast December 2018 Forecast
$10000
$-2018 2019 2020 2021 2022 2023 2024 2025
May 20 2020 37
Revised South Terminal C Phase 1 ndash 15 Gates
bull Given the current economic environment and resulting reduction to passenger demand Aviation Authority Staff and Consultants have performed a detailed review of the work associated with the STC Phase 1 and STC Phase 1 Expansion projects
bull Staff proposes a reduction in scope from 19 gates to 15 gates leaving the remaining 4 gates in the original plan to be constructed when demand warrants the added capacity
bull This approach is consistent with the Aviation Authorityrsquos practice to construct demand-driven facilities
bull The proposed scope reduction will require certain elements originally part of the STC Phase 1 Expansion project to be completed jointly with elements being constructed as part of the STC Phase 1 project
May 20 2020 38
Projected revisions subject to change based on actual negotiated reductions with CMARs
Potential Budget Reductions - STC and Related RAC Projects
4
Description
Estimated Budget Reduction Total
(in millions) - Airside Concourse (ASC) $ (1150)
- Baggage Handling System (BHS) (80)
- Passenger Boarding Bridge (PBB) (75)
- AirfieldApron (185)
- Ground Transportation Facility (GTF) (163)
- Landscaping (79 )
- Roadway Signage (56)
- Fixtures Furniture Equip (FFampE) and IT (80)
- Experimental Media Environment (EME) (33)
- Ground Support Equipment (GSE) (59)
- Employee Parking (20)
- Other (GR Insurance Art Airline Relocation) (280)
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
2019 ROAC
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
Original Design Capacity
NTC Enhanced Design Capacity
Historical
Sep 2019 Forecast
Covid-19 Weighted Average Forecast
Sep 2019 Forecast (ep)
Scen 7 Forecast (ep)
2009
24
40
34
16799
2010
24
40
34
17131
2011
24
40
36
17770
2012
24
40
35
17730
2013
24
40
35
17427
2014
24
40
35
17535
2015
24
40
38
18827
2016
24
40
41
20737
2017
24
40
43
21718
2018
24
40
47
23382
2019
24
40
497
24847
24847
2020
24
40
515
27
25766
13356
2021
24
40
529
25
26428
12655
2022
24
40
542
36
27094
18119
2023
24
40
555
40
27766
19865
2024
24
40
569
45
28428
22440
2025
24
40
582
49
29078
24682
2026
24
40
594
52
29714
25837
2027
24
40
607
53
30361
26384
2028
24
40
620
54
31019
26941
2029
24
40
634
55
31686
27507
2030
24
40
647
56
32364
28082
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
Sep 2019 Forecast
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
~ -_
~ ORLANDO INTERNATIONAL AIRPORT
er -----------Tbt Orl1ml E-perirnre
ISSUES The Purchasing Contract as amended is scheduled to expire on May 21 2020
SITA has performed satisfactorily throughout the term of the Purchasing Contract
On March 23 2020 the ConcessionsProcurement Committee (Committee) approved Staffrsquos recommendation to approve a one-year renewal term to Purchasing Contract with SITA through May 21 2021 in the amount not-to-exceed $2158480
Due to the economic impacts attributable to COVID-19 the Purchasing Contract was re-assessed by Staff and reduced to an amount not-to-exceed $1599920 which was presented to and approved by the Committee on May 4 2020
bull Reductions include the following deferred upgrade and expansion Projects (hardware and software support) ~ 83 of total reduction reduced on site staff services ~ 17 of total reduction Note MCO has not shuttered any portions of the Terminal and continues to operate common use systems in all locations licensing maintenance
and support of existing common use systems is required
May 20 2020
~ -_
~ ORLANDO INTERNATIONAL AIRPORT
er -----------Tbt Orl1ml E-perirnre
SMALL BUSINESS PARTICIPATION
Due to the limited and specialized nature of the services to be provided the Purchasing Contract does not include a Minority and Women Business Enterprise or Local Developing Business participation goal
May 20 2020
~ -_
~ ORLANDO INTERNATIONAL AIRPORT
er -----------Tbt Orl1ml E-perirnre
FISCAL IMPACT
The fiscal impact for the proposed one-year renewal term is not-to-exceed $1599920
Funding is from Operations and Maintenance Funds
May 20 2020
~ -_
~ ORLANDO INTERNATIONAL AIRPORT
er -----------Tbt Orl1ml E-perirnre
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to accept the following recommendations of the ConcessionsProcurement Committee
1 Approve a one-year renewal term to Purchasing Contract No 02-11 Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA Information Networking Computing USA Inc through May 21 2021 in the amount not-to-exceed $1599920
2 Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $1599920
3 Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate amendment following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract
No 13-14
BACKGROUND Purchasing Contract 13-14 provides all labor and supervision materials and supplies tools and equipment and all other items necessary to provide twenty-four-seven on-site maintenance and repair monitoring safety testing and ongoing inspection of all elevators escalators and moving sidewalks located at the Airport
bull The Purchasing Agreement commenced on June 1 2014 with an initial four-year term and three one-year renewal terms
May 20 2020
ISSUES
bull The Purchasing Contractrsquos Second Renewal Term is scheduled to expire on May 31 2020
bull Six (6) new elevators located in Terminal C Parking Garage are added
bull No Increase in unit prices or hourly rates are requested at this time
May 20 2020
SMALL BUSINESS PARTICIPATION
bull This Contract includes a Minority and Women Business Enterprise (MWBE) participation goal of 16
bull The Small Business Development Department certifies that this contract is in good standing as it relates to MWBE participation goal
May 20 2020
FISCAL IMPACT bull The one-year fiscal impact is not-to-exceed $445263086
bull Funding is from Operations and Maintenance Funds
May 20 2020
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to
bull Approve the recommendation of the ConcessionsProcurement Committee
bull Approve Third Renewal Term for Purchasing Contract 13-14 Elevators Escalators and Moving Sidewalks Maintenance and Repair Services with Schindler Elevator Corporation
bull Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $445263086
bull Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate agreement following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Award Roadway Landscape Maintenance and Irrigation Services
to Helping Hand Lawn Care LLC Invitation to Bid No 10-20
BACKGROUND On January 202020 the Aviation Authority issued Invitation to Bid No 10-20 for all
labor and supervision tools and equipment materials and supplies parts plants
fertilizer chemicals mulch and all other items necessary to provide exterior landscape
maintenance and irrigation services of the Heintzelman Road and South Airport
Access landscaped roadway areas at Orlando International Airport The contract is
for a three-year term with two one-year renewal options
May 20 2020
ISSUES On February 18 2020 the Aviation Authority received five bids
bull Helping Hand Lawn Care LLC $138231900 bull Millennium Services of Florida LLC $147142500 bull Carol King Landscape Maintenance Inc $147168000 bull Groundteck of Central Florida Inc $161138700 bull ASI Landscape Management Inc $179560242
Bids are based upon a three year total
May 20 2020
ISSUES
bull Staff and legal counsel reviewed the bids and determined the three lowest bidders to be responsive and responsible bids
bull On March 23 2020 the ConcessionsProcurement Committee approved staffrsquos recommendation to award Purchasing Contract No 10-20 to the lowest responsive and responsible bidder Helping Hand Lawn Care LLC
bull Due to the economic impacts attributable to COVID-19 the contract was reduced to $1057962
May 20 2020
SMALL BUSINESS PARTICIPATION
This Contract includes a Minority and Women Business Enterprise (MWBE) participation goal of 19 and a Local Developing Business (LDB) participation goal of 5
May 20 2020
FISCAL IMPACT
bull The one-year fiscal impact is not-to-exceed $1057962 for the initial three-year term
bull Funding for current and subsequent fiscal years will be allocated from Operations and Maintenance Funds
May 20 2020
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to
bull Approve the recommendation of the ConcessionsProcurement Committee to Award Invitation to Bid No 10-20 Roadway Landscape Maintenance and Irrigation Services at Orlando International Airport to Helping Hand Lawn Care LLC for an initial three-year term with two one-year renewal options
bull Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $1057962 for the initial three-year term of the agreement
bull Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate agreement following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
Financial Update to the Greater Orlando Aviation Authority Board
Post COVID-19
May 20 2020
May 20 2020
COVID-19 Global Pandemic Today
Worldwide people are advised to maintain physical distancing and to avoid nonessential travel to stop spread of the virus
Theme parks closed cruises suspended conventions canceled business travel severely curtailed
Domestic and international flights into and out of MCO have collapsed bull International air travel suspended bull Nearly 1000 daily flights in April 2019 vs less than 200 last month bull 10-15 aircraft load factor (vs nearly 90 pre-Covid) bull Resulting in 95 reduction in passengers nationally and at MCO
May 20 2020 26
- - -
bull --- - -
-----
- - -
MCO Terminal Facilities Terminal Design Capacity and Forecast MAP Originally designed 24 MAP (Million
Annual Passengers) 70
North Terminal Capacity 60 Historical Sep 2019 Forecast Covid-19 Weighted Average Forecast Original Design Capacity NTC Enhanced Design Capacity
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019 as adjusted to reflect revenue passengers only to be consistent with the TAF data) ldquordquo Denotes forecast years for TAF
bull Consolidated rental car operations to A side of terminal and ConsolidatedFIS operations Saving energy and reducing staffing costs
Deferred approximately $286M of Renewal and Replacement projects bull Stopped work on all nonessential consultant and contractor projects
FY 2021 Preliminary Projected Budget Significantly Reduced bull $ 7M Below FY 2019 Budget levels ndash bull $45M or 12 reduction over previous projections (2019 ROAC) bull No new positions for FY 2021 May 20 2020 31
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Reimbursable Grant bull Operating expenses bull Debt service bull Capital expenditures (with additional conditions) bull The airport sponsor must continue to employ through December 31 2020 at least
90 of the number of individuals employed (after making adjustments for retirementsor voluntary employee separations) as of March 27 2020
bull Must spend within four years Blending of grants permitted for Airport Systems
bull MCO - $170 million (Covers less that 13 of 2019 Operating Budget) bull ORL - $69000
US Airport industry asking for additional funding (CARES 20)
May 20 2020 32
Timing of Recovery
Visitor demand to central Florida closely tied to opening of attractions and availability of disposable income
Business travel may lag leisure due to more restrictive company travel policies and adapting to virtual meetings
Several years to return to FY 2019 traffic levels CARES funding needed to sustain MCO though recovery
period to assist in meeting financial obligations bull Operating expenses bull Debt service bull Bond ldquoRate Covenantsrdquo
May 20 2020 33
$170 Million CARES Act Funds will not be enough
Covers less than one-third of annual operating budget In FY 2021 there is over $200M per year in outstanding
debt service supporting our Capital Improvement Program Additional financing of $500M needed to complete funding
of the current $42B Capital Improvement Program if no reductions are made bull Capital market volatility bull Reduced revenue resulting from decline in passenger
traffic
May 20 2020
GOAArsquos Anticipated Use of CARES Act Funds
Strategic use to provide the maximum benefit to both the Aviation Authority and our Partners bull Specific operating expenses including ORL bull Specific debt service payments
2017 Subordinated Bonds to avoid issuance of additional bonds to capitalize interest for deferred opening of the STC
May 20 2020 35
PFC Funding
Collection of $450 per eligible enplaned passenger 44 of the current STC Plan of Finance
Collection of $350 per day up to a maximum of seven days per rental transaction
Used for projects beneficial to Rental Car Companies (5 of current STC Plan of Finance)
CFC Revenues (000s) $50000
$40000
$30000
Weighted Average $20000 Forecast December 2018 Forecast
$10000
$-2018 2019 2020 2021 2022 2023 2024 2025
May 20 2020 37
Revised South Terminal C Phase 1 ndash 15 Gates
bull Given the current economic environment and resulting reduction to passenger demand Aviation Authority Staff and Consultants have performed a detailed review of the work associated with the STC Phase 1 and STC Phase 1 Expansion projects
bull Staff proposes a reduction in scope from 19 gates to 15 gates leaving the remaining 4 gates in the original plan to be constructed when demand warrants the added capacity
bull This approach is consistent with the Aviation Authorityrsquos practice to construct demand-driven facilities
bull The proposed scope reduction will require certain elements originally part of the STC Phase 1 Expansion project to be completed jointly with elements being constructed as part of the STC Phase 1 project
May 20 2020 38
Projected revisions subject to change based on actual negotiated reductions with CMARs
Potential Budget Reductions - STC and Related RAC Projects
4
Description
Estimated Budget Reduction Total
(in millions) - Airside Concourse (ASC) $ (1150)
- Baggage Handling System (BHS) (80)
- Passenger Boarding Bridge (PBB) (75)
- AirfieldApron (185)
- Ground Transportation Facility (GTF) (163)
- Landscaping (79 )
- Roadway Signage (56)
- Fixtures Furniture Equip (FFampE) and IT (80)
- Experimental Media Environment (EME) (33)
- Ground Support Equipment (GSE) (59)
- Employee Parking (20)
- Other (GR Insurance Art Airline Relocation) (280)
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
2019 ROAC
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
Original Design Capacity
NTC Enhanced Design Capacity
Historical
Sep 2019 Forecast
Covid-19 Weighted Average Forecast
Sep 2019 Forecast (ep)
Scen 7 Forecast (ep)
2009
24
40
34
16799
2010
24
40
34
17131
2011
24
40
36
17770
2012
24
40
35
17730
2013
24
40
35
17427
2014
24
40
35
17535
2015
24
40
38
18827
2016
24
40
41
20737
2017
24
40
43
21718
2018
24
40
47
23382
2019
24
40
497
24847
24847
2020
24
40
515
27
25766
13356
2021
24
40
529
25
26428
12655
2022
24
40
542
36
27094
18119
2023
24
40
555
40
27766
19865
2024
24
40
569
45
28428
22440
2025
24
40
582
49
29078
24682
2026
24
40
594
52
29714
25837
2027
24
40
607
53
30361
26384
2028
24
40
620
54
31019
26941
2029
24
40
634
55
31686
27507
2030
24
40
647
56
32364
28082
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
Sep 2019 Forecast
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
~ -_
~ ORLANDO INTERNATIONAL AIRPORT
er -----------Tbt Orl1ml E-perirnre
SMALL BUSINESS PARTICIPATION
Due to the limited and specialized nature of the services to be provided the Purchasing Contract does not include a Minority and Women Business Enterprise or Local Developing Business participation goal
May 20 2020
~ -_
~ ORLANDO INTERNATIONAL AIRPORT
er -----------Tbt Orl1ml E-perirnre
FISCAL IMPACT
The fiscal impact for the proposed one-year renewal term is not-to-exceed $1599920
Funding is from Operations and Maintenance Funds
May 20 2020
~ -_
~ ORLANDO INTERNATIONAL AIRPORT
er -----------Tbt Orl1ml E-perirnre
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to accept the following recommendations of the ConcessionsProcurement Committee
1 Approve a one-year renewal term to Purchasing Contract No 02-11 Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA Information Networking Computing USA Inc through May 21 2021 in the amount not-to-exceed $1599920
2 Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $1599920
3 Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate amendment following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract
No 13-14
BACKGROUND Purchasing Contract 13-14 provides all labor and supervision materials and supplies tools and equipment and all other items necessary to provide twenty-four-seven on-site maintenance and repair monitoring safety testing and ongoing inspection of all elevators escalators and moving sidewalks located at the Airport
bull The Purchasing Agreement commenced on June 1 2014 with an initial four-year term and three one-year renewal terms
May 20 2020
ISSUES
bull The Purchasing Contractrsquos Second Renewal Term is scheduled to expire on May 31 2020
bull Six (6) new elevators located in Terminal C Parking Garage are added
bull No Increase in unit prices or hourly rates are requested at this time
May 20 2020
SMALL BUSINESS PARTICIPATION
bull This Contract includes a Minority and Women Business Enterprise (MWBE) participation goal of 16
bull The Small Business Development Department certifies that this contract is in good standing as it relates to MWBE participation goal
May 20 2020
FISCAL IMPACT bull The one-year fiscal impact is not-to-exceed $445263086
bull Funding is from Operations and Maintenance Funds
May 20 2020
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to
bull Approve the recommendation of the ConcessionsProcurement Committee
bull Approve Third Renewal Term for Purchasing Contract 13-14 Elevators Escalators and Moving Sidewalks Maintenance and Repair Services with Schindler Elevator Corporation
bull Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $445263086
bull Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate agreement following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Award Roadway Landscape Maintenance and Irrigation Services
to Helping Hand Lawn Care LLC Invitation to Bid No 10-20
BACKGROUND On January 202020 the Aviation Authority issued Invitation to Bid No 10-20 for all
labor and supervision tools and equipment materials and supplies parts plants
fertilizer chemicals mulch and all other items necessary to provide exterior landscape
maintenance and irrigation services of the Heintzelman Road and South Airport
Access landscaped roadway areas at Orlando International Airport The contract is
for a three-year term with two one-year renewal options
May 20 2020
ISSUES On February 18 2020 the Aviation Authority received five bids
bull Helping Hand Lawn Care LLC $138231900 bull Millennium Services of Florida LLC $147142500 bull Carol King Landscape Maintenance Inc $147168000 bull Groundteck of Central Florida Inc $161138700 bull ASI Landscape Management Inc $179560242
Bids are based upon a three year total
May 20 2020
ISSUES
bull Staff and legal counsel reviewed the bids and determined the three lowest bidders to be responsive and responsible bids
bull On March 23 2020 the ConcessionsProcurement Committee approved staffrsquos recommendation to award Purchasing Contract No 10-20 to the lowest responsive and responsible bidder Helping Hand Lawn Care LLC
bull Due to the economic impacts attributable to COVID-19 the contract was reduced to $1057962
May 20 2020
SMALL BUSINESS PARTICIPATION
This Contract includes a Minority and Women Business Enterprise (MWBE) participation goal of 19 and a Local Developing Business (LDB) participation goal of 5
May 20 2020
FISCAL IMPACT
bull The one-year fiscal impact is not-to-exceed $1057962 for the initial three-year term
bull Funding for current and subsequent fiscal years will be allocated from Operations and Maintenance Funds
May 20 2020
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to
bull Approve the recommendation of the ConcessionsProcurement Committee to Award Invitation to Bid No 10-20 Roadway Landscape Maintenance and Irrigation Services at Orlando International Airport to Helping Hand Lawn Care LLC for an initial three-year term with two one-year renewal options
bull Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $1057962 for the initial three-year term of the agreement
bull Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate agreement following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
Financial Update to the Greater Orlando Aviation Authority Board
Post COVID-19
May 20 2020
May 20 2020
COVID-19 Global Pandemic Today
Worldwide people are advised to maintain physical distancing and to avoid nonessential travel to stop spread of the virus
Theme parks closed cruises suspended conventions canceled business travel severely curtailed
Domestic and international flights into and out of MCO have collapsed bull International air travel suspended bull Nearly 1000 daily flights in April 2019 vs less than 200 last month bull 10-15 aircraft load factor (vs nearly 90 pre-Covid) bull Resulting in 95 reduction in passengers nationally and at MCO
May 20 2020 26
- - -
bull --- - -
-----
- - -
MCO Terminal Facilities Terminal Design Capacity and Forecast MAP Originally designed 24 MAP (Million
Annual Passengers) 70
North Terminal Capacity 60 Historical Sep 2019 Forecast Covid-19 Weighted Average Forecast Original Design Capacity NTC Enhanced Design Capacity
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019 as adjusted to reflect revenue passengers only to be consistent with the TAF data) ldquordquo Denotes forecast years for TAF
bull Consolidated rental car operations to A side of terminal and ConsolidatedFIS operations Saving energy and reducing staffing costs
Deferred approximately $286M of Renewal and Replacement projects bull Stopped work on all nonessential consultant and contractor projects
FY 2021 Preliminary Projected Budget Significantly Reduced bull $ 7M Below FY 2019 Budget levels ndash bull $45M or 12 reduction over previous projections (2019 ROAC) bull No new positions for FY 2021 May 20 2020 31
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Reimbursable Grant bull Operating expenses bull Debt service bull Capital expenditures (with additional conditions) bull The airport sponsor must continue to employ through December 31 2020 at least
90 of the number of individuals employed (after making adjustments for retirementsor voluntary employee separations) as of March 27 2020
bull Must spend within four years Blending of grants permitted for Airport Systems
bull MCO - $170 million (Covers less that 13 of 2019 Operating Budget) bull ORL - $69000
US Airport industry asking for additional funding (CARES 20)
May 20 2020 32
Timing of Recovery
Visitor demand to central Florida closely tied to opening of attractions and availability of disposable income
Business travel may lag leisure due to more restrictive company travel policies and adapting to virtual meetings
Several years to return to FY 2019 traffic levels CARES funding needed to sustain MCO though recovery
period to assist in meeting financial obligations bull Operating expenses bull Debt service bull Bond ldquoRate Covenantsrdquo
May 20 2020 33
$170 Million CARES Act Funds will not be enough
Covers less than one-third of annual operating budget In FY 2021 there is over $200M per year in outstanding
debt service supporting our Capital Improvement Program Additional financing of $500M needed to complete funding
of the current $42B Capital Improvement Program if no reductions are made bull Capital market volatility bull Reduced revenue resulting from decline in passenger
traffic
May 20 2020
GOAArsquos Anticipated Use of CARES Act Funds
Strategic use to provide the maximum benefit to both the Aviation Authority and our Partners bull Specific operating expenses including ORL bull Specific debt service payments
2017 Subordinated Bonds to avoid issuance of additional bonds to capitalize interest for deferred opening of the STC
May 20 2020 35
PFC Funding
Collection of $450 per eligible enplaned passenger 44 of the current STC Plan of Finance
Collection of $350 per day up to a maximum of seven days per rental transaction
Used for projects beneficial to Rental Car Companies (5 of current STC Plan of Finance)
CFC Revenues (000s) $50000
$40000
$30000
Weighted Average $20000 Forecast December 2018 Forecast
$10000
$-2018 2019 2020 2021 2022 2023 2024 2025
May 20 2020 37
Revised South Terminal C Phase 1 ndash 15 Gates
bull Given the current economic environment and resulting reduction to passenger demand Aviation Authority Staff and Consultants have performed a detailed review of the work associated with the STC Phase 1 and STC Phase 1 Expansion projects
bull Staff proposes a reduction in scope from 19 gates to 15 gates leaving the remaining 4 gates in the original plan to be constructed when demand warrants the added capacity
bull This approach is consistent with the Aviation Authorityrsquos practice to construct demand-driven facilities
bull The proposed scope reduction will require certain elements originally part of the STC Phase 1 Expansion project to be completed jointly with elements being constructed as part of the STC Phase 1 project
May 20 2020 38
Projected revisions subject to change based on actual negotiated reductions with CMARs
Potential Budget Reductions - STC and Related RAC Projects
4
Description
Estimated Budget Reduction Total
(in millions) - Airside Concourse (ASC) $ (1150)
- Baggage Handling System (BHS) (80)
- Passenger Boarding Bridge (PBB) (75)
- AirfieldApron (185)
- Ground Transportation Facility (GTF) (163)
- Landscaping (79 )
- Roadway Signage (56)
- Fixtures Furniture Equip (FFampE) and IT (80)
- Experimental Media Environment (EME) (33)
- Ground Support Equipment (GSE) (59)
- Employee Parking (20)
- Other (GR Insurance Art Airline Relocation) (280)
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
2019 ROAC
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
Original Design Capacity
NTC Enhanced Design Capacity
Historical
Sep 2019 Forecast
Covid-19 Weighted Average Forecast
Sep 2019 Forecast (ep)
Scen 7 Forecast (ep)
2009
24
40
34
16799
2010
24
40
34
17131
2011
24
40
36
17770
2012
24
40
35
17730
2013
24
40
35
17427
2014
24
40
35
17535
2015
24
40
38
18827
2016
24
40
41
20737
2017
24
40
43
21718
2018
24
40
47
23382
2019
24
40
497
24847
24847
2020
24
40
515
27
25766
13356
2021
24
40
529
25
26428
12655
2022
24
40
542
36
27094
18119
2023
24
40
555
40
27766
19865
2024
24
40
569
45
28428
22440
2025
24
40
582
49
29078
24682
2026
24
40
594
52
29714
25837
2027
24
40
607
53
30361
26384
2028
24
40
620
54
31019
26941
2029
24
40
634
55
31686
27507
2030
24
40
647
56
32364
28082
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
Sep 2019 Forecast
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
~ -_
~ ORLANDO INTERNATIONAL AIRPORT
er -----------Tbt Orl1ml E-perirnre
FISCAL IMPACT
The fiscal impact for the proposed one-year renewal term is not-to-exceed $1599920
Funding is from Operations and Maintenance Funds
May 20 2020
~ -_
~ ORLANDO INTERNATIONAL AIRPORT
er -----------Tbt Orl1ml E-perirnre
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to accept the following recommendations of the ConcessionsProcurement Committee
1 Approve a one-year renewal term to Purchasing Contract No 02-11 Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA Information Networking Computing USA Inc through May 21 2021 in the amount not-to-exceed $1599920
2 Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $1599920
3 Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate amendment following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract
No 13-14
BACKGROUND Purchasing Contract 13-14 provides all labor and supervision materials and supplies tools and equipment and all other items necessary to provide twenty-four-seven on-site maintenance and repair monitoring safety testing and ongoing inspection of all elevators escalators and moving sidewalks located at the Airport
bull The Purchasing Agreement commenced on June 1 2014 with an initial four-year term and three one-year renewal terms
May 20 2020
ISSUES
bull The Purchasing Contractrsquos Second Renewal Term is scheduled to expire on May 31 2020
bull Six (6) new elevators located in Terminal C Parking Garage are added
bull No Increase in unit prices or hourly rates are requested at this time
May 20 2020
SMALL BUSINESS PARTICIPATION
bull This Contract includes a Minority and Women Business Enterprise (MWBE) participation goal of 16
bull The Small Business Development Department certifies that this contract is in good standing as it relates to MWBE participation goal
May 20 2020
FISCAL IMPACT bull The one-year fiscal impact is not-to-exceed $445263086
bull Funding is from Operations and Maintenance Funds
May 20 2020
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to
bull Approve the recommendation of the ConcessionsProcurement Committee
bull Approve Third Renewal Term for Purchasing Contract 13-14 Elevators Escalators and Moving Sidewalks Maintenance and Repair Services with Schindler Elevator Corporation
bull Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $445263086
bull Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate agreement following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Award Roadway Landscape Maintenance and Irrigation Services
to Helping Hand Lawn Care LLC Invitation to Bid No 10-20
BACKGROUND On January 202020 the Aviation Authority issued Invitation to Bid No 10-20 for all
labor and supervision tools and equipment materials and supplies parts plants
fertilizer chemicals mulch and all other items necessary to provide exterior landscape
maintenance and irrigation services of the Heintzelman Road and South Airport
Access landscaped roadway areas at Orlando International Airport The contract is
for a three-year term with two one-year renewal options
May 20 2020
ISSUES On February 18 2020 the Aviation Authority received five bids
bull Helping Hand Lawn Care LLC $138231900 bull Millennium Services of Florida LLC $147142500 bull Carol King Landscape Maintenance Inc $147168000 bull Groundteck of Central Florida Inc $161138700 bull ASI Landscape Management Inc $179560242
Bids are based upon a three year total
May 20 2020
ISSUES
bull Staff and legal counsel reviewed the bids and determined the three lowest bidders to be responsive and responsible bids
bull On March 23 2020 the ConcessionsProcurement Committee approved staffrsquos recommendation to award Purchasing Contract No 10-20 to the lowest responsive and responsible bidder Helping Hand Lawn Care LLC
bull Due to the economic impacts attributable to COVID-19 the contract was reduced to $1057962
May 20 2020
SMALL BUSINESS PARTICIPATION
This Contract includes a Minority and Women Business Enterprise (MWBE) participation goal of 19 and a Local Developing Business (LDB) participation goal of 5
May 20 2020
FISCAL IMPACT
bull The one-year fiscal impact is not-to-exceed $1057962 for the initial three-year term
bull Funding for current and subsequent fiscal years will be allocated from Operations and Maintenance Funds
May 20 2020
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to
bull Approve the recommendation of the ConcessionsProcurement Committee to Award Invitation to Bid No 10-20 Roadway Landscape Maintenance and Irrigation Services at Orlando International Airport to Helping Hand Lawn Care LLC for an initial three-year term with two one-year renewal options
bull Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $1057962 for the initial three-year term of the agreement
bull Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate agreement following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
Financial Update to the Greater Orlando Aviation Authority Board
Post COVID-19
May 20 2020
May 20 2020
COVID-19 Global Pandemic Today
Worldwide people are advised to maintain physical distancing and to avoid nonessential travel to stop spread of the virus
Theme parks closed cruises suspended conventions canceled business travel severely curtailed
Domestic and international flights into and out of MCO have collapsed bull International air travel suspended bull Nearly 1000 daily flights in April 2019 vs less than 200 last month bull 10-15 aircraft load factor (vs nearly 90 pre-Covid) bull Resulting in 95 reduction in passengers nationally and at MCO
May 20 2020 26
- - -
bull --- - -
-----
- - -
MCO Terminal Facilities Terminal Design Capacity and Forecast MAP Originally designed 24 MAP (Million
Annual Passengers) 70
North Terminal Capacity 60 Historical Sep 2019 Forecast Covid-19 Weighted Average Forecast Original Design Capacity NTC Enhanced Design Capacity
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019 as adjusted to reflect revenue passengers only to be consistent with the TAF data) ldquordquo Denotes forecast years for TAF
bull Consolidated rental car operations to A side of terminal and ConsolidatedFIS operations Saving energy and reducing staffing costs
Deferred approximately $286M of Renewal and Replacement projects bull Stopped work on all nonessential consultant and contractor projects
FY 2021 Preliminary Projected Budget Significantly Reduced bull $ 7M Below FY 2019 Budget levels ndash bull $45M or 12 reduction over previous projections (2019 ROAC) bull No new positions for FY 2021 May 20 2020 31
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Reimbursable Grant bull Operating expenses bull Debt service bull Capital expenditures (with additional conditions) bull The airport sponsor must continue to employ through December 31 2020 at least
90 of the number of individuals employed (after making adjustments for retirementsor voluntary employee separations) as of March 27 2020
bull Must spend within four years Blending of grants permitted for Airport Systems
bull MCO - $170 million (Covers less that 13 of 2019 Operating Budget) bull ORL - $69000
US Airport industry asking for additional funding (CARES 20)
May 20 2020 32
Timing of Recovery
Visitor demand to central Florida closely tied to opening of attractions and availability of disposable income
Business travel may lag leisure due to more restrictive company travel policies and adapting to virtual meetings
Several years to return to FY 2019 traffic levels CARES funding needed to sustain MCO though recovery
period to assist in meeting financial obligations bull Operating expenses bull Debt service bull Bond ldquoRate Covenantsrdquo
May 20 2020 33
$170 Million CARES Act Funds will not be enough
Covers less than one-third of annual operating budget In FY 2021 there is over $200M per year in outstanding
debt service supporting our Capital Improvement Program Additional financing of $500M needed to complete funding
of the current $42B Capital Improvement Program if no reductions are made bull Capital market volatility bull Reduced revenue resulting from decline in passenger
traffic
May 20 2020
GOAArsquos Anticipated Use of CARES Act Funds
Strategic use to provide the maximum benefit to both the Aviation Authority and our Partners bull Specific operating expenses including ORL bull Specific debt service payments
2017 Subordinated Bonds to avoid issuance of additional bonds to capitalize interest for deferred opening of the STC
May 20 2020 35
PFC Funding
Collection of $450 per eligible enplaned passenger 44 of the current STC Plan of Finance
Collection of $350 per day up to a maximum of seven days per rental transaction
Used for projects beneficial to Rental Car Companies (5 of current STC Plan of Finance)
CFC Revenues (000s) $50000
$40000
$30000
Weighted Average $20000 Forecast December 2018 Forecast
$10000
$-2018 2019 2020 2021 2022 2023 2024 2025
May 20 2020 37
Revised South Terminal C Phase 1 ndash 15 Gates
bull Given the current economic environment and resulting reduction to passenger demand Aviation Authority Staff and Consultants have performed a detailed review of the work associated with the STC Phase 1 and STC Phase 1 Expansion projects
bull Staff proposes a reduction in scope from 19 gates to 15 gates leaving the remaining 4 gates in the original plan to be constructed when demand warrants the added capacity
bull This approach is consistent with the Aviation Authorityrsquos practice to construct demand-driven facilities
bull The proposed scope reduction will require certain elements originally part of the STC Phase 1 Expansion project to be completed jointly with elements being constructed as part of the STC Phase 1 project
May 20 2020 38
Projected revisions subject to change based on actual negotiated reductions with CMARs
Potential Budget Reductions - STC and Related RAC Projects
4
Description
Estimated Budget Reduction Total
(in millions) - Airside Concourse (ASC) $ (1150)
- Baggage Handling System (BHS) (80)
- Passenger Boarding Bridge (PBB) (75)
- AirfieldApron (185)
- Ground Transportation Facility (GTF) (163)
- Landscaping (79 )
- Roadway Signage (56)
- Fixtures Furniture Equip (FFampE) and IT (80)
- Experimental Media Environment (EME) (33)
- Ground Support Equipment (GSE) (59)
- Employee Parking (20)
- Other (GR Insurance Art Airline Relocation) (280)
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
2019 ROAC
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
Original Design Capacity
NTC Enhanced Design Capacity
Historical
Sep 2019 Forecast
Covid-19 Weighted Average Forecast
Sep 2019 Forecast (ep)
Scen 7 Forecast (ep)
2009
24
40
34
16799
2010
24
40
34
17131
2011
24
40
36
17770
2012
24
40
35
17730
2013
24
40
35
17427
2014
24
40
35
17535
2015
24
40
38
18827
2016
24
40
41
20737
2017
24
40
43
21718
2018
24
40
47
23382
2019
24
40
497
24847
24847
2020
24
40
515
27
25766
13356
2021
24
40
529
25
26428
12655
2022
24
40
542
36
27094
18119
2023
24
40
555
40
27766
19865
2024
24
40
569
45
28428
22440
2025
24
40
582
49
29078
24682
2026
24
40
594
52
29714
25837
2027
24
40
607
53
30361
26384
2028
24
40
620
54
31019
26941
2029
24
40
634
55
31686
27507
2030
24
40
647
56
32364
28082
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
Sep 2019 Forecast
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
~ -_
~ ORLANDO INTERNATIONAL AIRPORT
er -----------Tbt Orl1ml E-perirnre
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to accept the following recommendations of the ConcessionsProcurement Committee
1 Approve a one-year renewal term to Purchasing Contract No 02-11 Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA Information Networking Computing USA Inc through May 21 2021 in the amount not-to-exceed $1599920
2 Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $1599920
3 Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate amendment following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract
No 13-14
BACKGROUND Purchasing Contract 13-14 provides all labor and supervision materials and supplies tools and equipment and all other items necessary to provide twenty-four-seven on-site maintenance and repair monitoring safety testing and ongoing inspection of all elevators escalators and moving sidewalks located at the Airport
bull The Purchasing Agreement commenced on June 1 2014 with an initial four-year term and three one-year renewal terms
May 20 2020
ISSUES
bull The Purchasing Contractrsquos Second Renewal Term is scheduled to expire on May 31 2020
bull Six (6) new elevators located in Terminal C Parking Garage are added
bull No Increase in unit prices or hourly rates are requested at this time
May 20 2020
SMALL BUSINESS PARTICIPATION
bull This Contract includes a Minority and Women Business Enterprise (MWBE) participation goal of 16
bull The Small Business Development Department certifies that this contract is in good standing as it relates to MWBE participation goal
May 20 2020
FISCAL IMPACT bull The one-year fiscal impact is not-to-exceed $445263086
bull Funding is from Operations and Maintenance Funds
May 20 2020
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to
bull Approve the recommendation of the ConcessionsProcurement Committee
bull Approve Third Renewal Term for Purchasing Contract 13-14 Elevators Escalators and Moving Sidewalks Maintenance and Repair Services with Schindler Elevator Corporation
bull Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $445263086
bull Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate agreement following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Award Roadway Landscape Maintenance and Irrigation Services
to Helping Hand Lawn Care LLC Invitation to Bid No 10-20
BACKGROUND On January 202020 the Aviation Authority issued Invitation to Bid No 10-20 for all
labor and supervision tools and equipment materials and supplies parts plants
fertilizer chemicals mulch and all other items necessary to provide exterior landscape
maintenance and irrigation services of the Heintzelman Road and South Airport
Access landscaped roadway areas at Orlando International Airport The contract is
for a three-year term with two one-year renewal options
May 20 2020
ISSUES On February 18 2020 the Aviation Authority received five bids
bull Helping Hand Lawn Care LLC $138231900 bull Millennium Services of Florida LLC $147142500 bull Carol King Landscape Maintenance Inc $147168000 bull Groundteck of Central Florida Inc $161138700 bull ASI Landscape Management Inc $179560242
Bids are based upon a three year total
May 20 2020
ISSUES
bull Staff and legal counsel reviewed the bids and determined the three lowest bidders to be responsive and responsible bids
bull On March 23 2020 the ConcessionsProcurement Committee approved staffrsquos recommendation to award Purchasing Contract No 10-20 to the lowest responsive and responsible bidder Helping Hand Lawn Care LLC
bull Due to the economic impacts attributable to COVID-19 the contract was reduced to $1057962
May 20 2020
SMALL BUSINESS PARTICIPATION
This Contract includes a Minority and Women Business Enterprise (MWBE) participation goal of 19 and a Local Developing Business (LDB) participation goal of 5
May 20 2020
FISCAL IMPACT
bull The one-year fiscal impact is not-to-exceed $1057962 for the initial three-year term
bull Funding for current and subsequent fiscal years will be allocated from Operations and Maintenance Funds
May 20 2020
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to
bull Approve the recommendation of the ConcessionsProcurement Committee to Award Invitation to Bid No 10-20 Roadway Landscape Maintenance and Irrigation Services at Orlando International Airport to Helping Hand Lawn Care LLC for an initial three-year term with two one-year renewal options
bull Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $1057962 for the initial three-year term of the agreement
bull Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate agreement following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
Financial Update to the Greater Orlando Aviation Authority Board
Post COVID-19
May 20 2020
May 20 2020
COVID-19 Global Pandemic Today
Worldwide people are advised to maintain physical distancing and to avoid nonessential travel to stop spread of the virus
Theme parks closed cruises suspended conventions canceled business travel severely curtailed
Domestic and international flights into and out of MCO have collapsed bull International air travel suspended bull Nearly 1000 daily flights in April 2019 vs less than 200 last month bull 10-15 aircraft load factor (vs nearly 90 pre-Covid) bull Resulting in 95 reduction in passengers nationally and at MCO
May 20 2020 26
- - -
bull --- - -
-----
- - -
MCO Terminal Facilities Terminal Design Capacity and Forecast MAP Originally designed 24 MAP (Million
Annual Passengers) 70
North Terminal Capacity 60 Historical Sep 2019 Forecast Covid-19 Weighted Average Forecast Original Design Capacity NTC Enhanced Design Capacity
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019 as adjusted to reflect revenue passengers only to be consistent with the TAF data) ldquordquo Denotes forecast years for TAF
bull Consolidated rental car operations to A side of terminal and ConsolidatedFIS operations Saving energy and reducing staffing costs
Deferred approximately $286M of Renewal and Replacement projects bull Stopped work on all nonessential consultant and contractor projects
FY 2021 Preliminary Projected Budget Significantly Reduced bull $ 7M Below FY 2019 Budget levels ndash bull $45M or 12 reduction over previous projections (2019 ROAC) bull No new positions for FY 2021 May 20 2020 31
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Reimbursable Grant bull Operating expenses bull Debt service bull Capital expenditures (with additional conditions) bull The airport sponsor must continue to employ through December 31 2020 at least
90 of the number of individuals employed (after making adjustments for retirementsor voluntary employee separations) as of March 27 2020
bull Must spend within four years Blending of grants permitted for Airport Systems
bull MCO - $170 million (Covers less that 13 of 2019 Operating Budget) bull ORL - $69000
US Airport industry asking for additional funding (CARES 20)
May 20 2020 32
Timing of Recovery
Visitor demand to central Florida closely tied to opening of attractions and availability of disposable income
Business travel may lag leisure due to more restrictive company travel policies and adapting to virtual meetings
Several years to return to FY 2019 traffic levels CARES funding needed to sustain MCO though recovery
period to assist in meeting financial obligations bull Operating expenses bull Debt service bull Bond ldquoRate Covenantsrdquo
May 20 2020 33
$170 Million CARES Act Funds will not be enough
Covers less than one-third of annual operating budget In FY 2021 there is over $200M per year in outstanding
debt service supporting our Capital Improvement Program Additional financing of $500M needed to complete funding
of the current $42B Capital Improvement Program if no reductions are made bull Capital market volatility bull Reduced revenue resulting from decline in passenger
traffic
May 20 2020
GOAArsquos Anticipated Use of CARES Act Funds
Strategic use to provide the maximum benefit to both the Aviation Authority and our Partners bull Specific operating expenses including ORL bull Specific debt service payments
2017 Subordinated Bonds to avoid issuance of additional bonds to capitalize interest for deferred opening of the STC
May 20 2020 35
PFC Funding
Collection of $450 per eligible enplaned passenger 44 of the current STC Plan of Finance
Collection of $350 per day up to a maximum of seven days per rental transaction
Used for projects beneficial to Rental Car Companies (5 of current STC Plan of Finance)
CFC Revenues (000s) $50000
$40000
$30000
Weighted Average $20000 Forecast December 2018 Forecast
$10000
$-2018 2019 2020 2021 2022 2023 2024 2025
May 20 2020 37
Revised South Terminal C Phase 1 ndash 15 Gates
bull Given the current economic environment and resulting reduction to passenger demand Aviation Authority Staff and Consultants have performed a detailed review of the work associated with the STC Phase 1 and STC Phase 1 Expansion projects
bull Staff proposes a reduction in scope from 19 gates to 15 gates leaving the remaining 4 gates in the original plan to be constructed when demand warrants the added capacity
bull This approach is consistent with the Aviation Authorityrsquos practice to construct demand-driven facilities
bull The proposed scope reduction will require certain elements originally part of the STC Phase 1 Expansion project to be completed jointly with elements being constructed as part of the STC Phase 1 project
May 20 2020 38
Projected revisions subject to change based on actual negotiated reductions with CMARs
Potential Budget Reductions - STC and Related RAC Projects
4
Description
Estimated Budget Reduction Total
(in millions) - Airside Concourse (ASC) $ (1150)
- Baggage Handling System (BHS) (80)
- Passenger Boarding Bridge (PBB) (75)
- AirfieldApron (185)
- Ground Transportation Facility (GTF) (163)
- Landscaping (79 )
- Roadway Signage (56)
- Fixtures Furniture Equip (FFampE) and IT (80)
- Experimental Media Environment (EME) (33)
- Ground Support Equipment (GSE) (59)
- Employee Parking (20)
- Other (GR Insurance Art Airline Relocation) (280)
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
2019 ROAC
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
Original Design Capacity
NTC Enhanced Design Capacity
Historical
Sep 2019 Forecast
Covid-19 Weighted Average Forecast
Sep 2019 Forecast (ep)
Scen 7 Forecast (ep)
2009
24
40
34
16799
2010
24
40
34
17131
2011
24
40
36
17770
2012
24
40
35
17730
2013
24
40
35
17427
2014
24
40
35
17535
2015
24
40
38
18827
2016
24
40
41
20737
2017
24
40
43
21718
2018
24
40
47
23382
2019
24
40
497
24847
24847
2020
24
40
515
27
25766
13356
2021
24
40
529
25
26428
12655
2022
24
40
542
36
27094
18119
2023
24
40
555
40
27766
19865
2024
24
40
569
45
28428
22440
2025
24
40
582
49
29078
24682
2026
24
40
594
52
29714
25837
2027
24
40
607
53
30361
26384
2028
24
40
620
54
31019
26941
2029
24
40
634
55
31686
27507
2030
24
40
647
56
32364
28082
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
Sep 2019 Forecast
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
QUESTIONS
May 20 2020
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract
No 13-14
BACKGROUND Purchasing Contract 13-14 provides all labor and supervision materials and supplies tools and equipment and all other items necessary to provide twenty-four-seven on-site maintenance and repair monitoring safety testing and ongoing inspection of all elevators escalators and moving sidewalks located at the Airport
bull The Purchasing Agreement commenced on June 1 2014 with an initial four-year term and three one-year renewal terms
May 20 2020
ISSUES
bull The Purchasing Contractrsquos Second Renewal Term is scheduled to expire on May 31 2020
bull Six (6) new elevators located in Terminal C Parking Garage are added
bull No Increase in unit prices or hourly rates are requested at this time
May 20 2020
SMALL BUSINESS PARTICIPATION
bull This Contract includes a Minority and Women Business Enterprise (MWBE) participation goal of 16
bull The Small Business Development Department certifies that this contract is in good standing as it relates to MWBE participation goal
May 20 2020
FISCAL IMPACT bull The one-year fiscal impact is not-to-exceed $445263086
bull Funding is from Operations and Maintenance Funds
May 20 2020
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to
bull Approve the recommendation of the ConcessionsProcurement Committee
bull Approve Third Renewal Term for Purchasing Contract 13-14 Elevators Escalators and Moving Sidewalks Maintenance and Repair Services with Schindler Elevator Corporation
bull Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $445263086
bull Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate agreement following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Award Roadway Landscape Maintenance and Irrigation Services
to Helping Hand Lawn Care LLC Invitation to Bid No 10-20
BACKGROUND On January 202020 the Aviation Authority issued Invitation to Bid No 10-20 for all
labor and supervision tools and equipment materials and supplies parts plants
fertilizer chemicals mulch and all other items necessary to provide exterior landscape
maintenance and irrigation services of the Heintzelman Road and South Airport
Access landscaped roadway areas at Orlando International Airport The contract is
for a three-year term with two one-year renewal options
May 20 2020
ISSUES On February 18 2020 the Aviation Authority received five bids
bull Helping Hand Lawn Care LLC $138231900 bull Millennium Services of Florida LLC $147142500 bull Carol King Landscape Maintenance Inc $147168000 bull Groundteck of Central Florida Inc $161138700 bull ASI Landscape Management Inc $179560242
Bids are based upon a three year total
May 20 2020
ISSUES
bull Staff and legal counsel reviewed the bids and determined the three lowest bidders to be responsive and responsible bids
bull On March 23 2020 the ConcessionsProcurement Committee approved staffrsquos recommendation to award Purchasing Contract No 10-20 to the lowest responsive and responsible bidder Helping Hand Lawn Care LLC
bull Due to the economic impacts attributable to COVID-19 the contract was reduced to $1057962
May 20 2020
SMALL BUSINESS PARTICIPATION
This Contract includes a Minority and Women Business Enterprise (MWBE) participation goal of 19 and a Local Developing Business (LDB) participation goal of 5
May 20 2020
FISCAL IMPACT
bull The one-year fiscal impact is not-to-exceed $1057962 for the initial three-year term
bull Funding for current and subsequent fiscal years will be allocated from Operations and Maintenance Funds
May 20 2020
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to
bull Approve the recommendation of the ConcessionsProcurement Committee to Award Invitation to Bid No 10-20 Roadway Landscape Maintenance and Irrigation Services at Orlando International Airport to Helping Hand Lawn Care LLC for an initial three-year term with two one-year renewal options
bull Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $1057962 for the initial three-year term of the agreement
bull Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate agreement following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
Financial Update to the Greater Orlando Aviation Authority Board
Post COVID-19
May 20 2020
May 20 2020
COVID-19 Global Pandemic Today
Worldwide people are advised to maintain physical distancing and to avoid nonessential travel to stop spread of the virus
Theme parks closed cruises suspended conventions canceled business travel severely curtailed
Domestic and international flights into and out of MCO have collapsed bull International air travel suspended bull Nearly 1000 daily flights in April 2019 vs less than 200 last month bull 10-15 aircraft load factor (vs nearly 90 pre-Covid) bull Resulting in 95 reduction in passengers nationally and at MCO
May 20 2020 26
- - -
bull --- - -
-----
- - -
MCO Terminal Facilities Terminal Design Capacity and Forecast MAP Originally designed 24 MAP (Million
Annual Passengers) 70
North Terminal Capacity 60 Historical Sep 2019 Forecast Covid-19 Weighted Average Forecast Original Design Capacity NTC Enhanced Design Capacity
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019 as adjusted to reflect revenue passengers only to be consistent with the TAF data) ldquordquo Denotes forecast years for TAF
bull Consolidated rental car operations to A side of terminal and ConsolidatedFIS operations Saving energy and reducing staffing costs
Deferred approximately $286M of Renewal and Replacement projects bull Stopped work on all nonessential consultant and contractor projects
FY 2021 Preliminary Projected Budget Significantly Reduced bull $ 7M Below FY 2019 Budget levels ndash bull $45M or 12 reduction over previous projections (2019 ROAC) bull No new positions for FY 2021 May 20 2020 31
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Reimbursable Grant bull Operating expenses bull Debt service bull Capital expenditures (with additional conditions) bull The airport sponsor must continue to employ through December 31 2020 at least
90 of the number of individuals employed (after making adjustments for retirementsor voluntary employee separations) as of March 27 2020
bull Must spend within four years Blending of grants permitted for Airport Systems
bull MCO - $170 million (Covers less that 13 of 2019 Operating Budget) bull ORL - $69000
US Airport industry asking for additional funding (CARES 20)
May 20 2020 32
Timing of Recovery
Visitor demand to central Florida closely tied to opening of attractions and availability of disposable income
Business travel may lag leisure due to more restrictive company travel policies and adapting to virtual meetings
Several years to return to FY 2019 traffic levels CARES funding needed to sustain MCO though recovery
period to assist in meeting financial obligations bull Operating expenses bull Debt service bull Bond ldquoRate Covenantsrdquo
May 20 2020 33
$170 Million CARES Act Funds will not be enough
Covers less than one-third of annual operating budget In FY 2021 there is over $200M per year in outstanding
debt service supporting our Capital Improvement Program Additional financing of $500M needed to complete funding
of the current $42B Capital Improvement Program if no reductions are made bull Capital market volatility bull Reduced revenue resulting from decline in passenger
traffic
May 20 2020
GOAArsquos Anticipated Use of CARES Act Funds
Strategic use to provide the maximum benefit to both the Aviation Authority and our Partners bull Specific operating expenses including ORL bull Specific debt service payments
2017 Subordinated Bonds to avoid issuance of additional bonds to capitalize interest for deferred opening of the STC
May 20 2020 35
PFC Funding
Collection of $450 per eligible enplaned passenger 44 of the current STC Plan of Finance
Collection of $350 per day up to a maximum of seven days per rental transaction
Used for projects beneficial to Rental Car Companies (5 of current STC Plan of Finance)
CFC Revenues (000s) $50000
$40000
$30000
Weighted Average $20000 Forecast December 2018 Forecast
$10000
$-2018 2019 2020 2021 2022 2023 2024 2025
May 20 2020 37
Revised South Terminal C Phase 1 ndash 15 Gates
bull Given the current economic environment and resulting reduction to passenger demand Aviation Authority Staff and Consultants have performed a detailed review of the work associated with the STC Phase 1 and STC Phase 1 Expansion projects
bull Staff proposes a reduction in scope from 19 gates to 15 gates leaving the remaining 4 gates in the original plan to be constructed when demand warrants the added capacity
bull This approach is consistent with the Aviation Authorityrsquos practice to construct demand-driven facilities
bull The proposed scope reduction will require certain elements originally part of the STC Phase 1 Expansion project to be completed jointly with elements being constructed as part of the STC Phase 1 project
May 20 2020 38
Projected revisions subject to change based on actual negotiated reductions with CMARs
Potential Budget Reductions - STC and Related RAC Projects
4
Description
Estimated Budget Reduction Total
(in millions) - Airside Concourse (ASC) $ (1150)
- Baggage Handling System (BHS) (80)
- Passenger Boarding Bridge (PBB) (75)
- AirfieldApron (185)
- Ground Transportation Facility (GTF) (163)
- Landscaping (79 )
- Roadway Signage (56)
- Fixtures Furniture Equip (FFampE) and IT (80)
- Experimental Media Environment (EME) (33)
- Ground Support Equipment (GSE) (59)
- Employee Parking (20)
- Other (GR Insurance Art Airline Relocation) (280)
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
2019 ROAC
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
Original Design Capacity
NTC Enhanced Design Capacity
Historical
Sep 2019 Forecast
Covid-19 Weighted Average Forecast
Sep 2019 Forecast (ep)
Scen 7 Forecast (ep)
2009
24
40
34
16799
2010
24
40
34
17131
2011
24
40
36
17770
2012
24
40
35
17730
2013
24
40
35
17427
2014
24
40
35
17535
2015
24
40
38
18827
2016
24
40
41
20737
2017
24
40
43
21718
2018
24
40
47
23382
2019
24
40
497
24847
24847
2020
24
40
515
27
25766
13356
2021
24
40
529
25
26428
12655
2022
24
40
542
36
27094
18119
2023
24
40
555
40
27766
19865
2024
24
40
569
45
28428
22440
2025
24
40
582
49
29078
24682
2026
24
40
594
52
29714
25837
2027
24
40
607
53
30361
26384
2028
24
40
620
54
31019
26941
2029
24
40
634
55
31686
27507
2030
24
40
647
56
32364
28082
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
Sep 2019 Forecast
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract
No 13-14
BACKGROUND Purchasing Contract 13-14 provides all labor and supervision materials and supplies tools and equipment and all other items necessary to provide twenty-four-seven on-site maintenance and repair monitoring safety testing and ongoing inspection of all elevators escalators and moving sidewalks located at the Airport
bull The Purchasing Agreement commenced on June 1 2014 with an initial four-year term and three one-year renewal terms
May 20 2020
ISSUES
bull The Purchasing Contractrsquos Second Renewal Term is scheduled to expire on May 31 2020
bull Six (6) new elevators located in Terminal C Parking Garage are added
bull No Increase in unit prices or hourly rates are requested at this time
May 20 2020
SMALL BUSINESS PARTICIPATION
bull This Contract includes a Minority and Women Business Enterprise (MWBE) participation goal of 16
bull The Small Business Development Department certifies that this contract is in good standing as it relates to MWBE participation goal
May 20 2020
FISCAL IMPACT bull The one-year fiscal impact is not-to-exceed $445263086
bull Funding is from Operations and Maintenance Funds
May 20 2020
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to
bull Approve the recommendation of the ConcessionsProcurement Committee
bull Approve Third Renewal Term for Purchasing Contract 13-14 Elevators Escalators and Moving Sidewalks Maintenance and Repair Services with Schindler Elevator Corporation
bull Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $445263086
bull Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate agreement following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Award Roadway Landscape Maintenance and Irrigation Services
to Helping Hand Lawn Care LLC Invitation to Bid No 10-20
BACKGROUND On January 202020 the Aviation Authority issued Invitation to Bid No 10-20 for all
labor and supervision tools and equipment materials and supplies parts plants
fertilizer chemicals mulch and all other items necessary to provide exterior landscape
maintenance and irrigation services of the Heintzelman Road and South Airport
Access landscaped roadway areas at Orlando International Airport The contract is
for a three-year term with two one-year renewal options
May 20 2020
ISSUES On February 18 2020 the Aviation Authority received five bids
bull Helping Hand Lawn Care LLC $138231900 bull Millennium Services of Florida LLC $147142500 bull Carol King Landscape Maintenance Inc $147168000 bull Groundteck of Central Florida Inc $161138700 bull ASI Landscape Management Inc $179560242
Bids are based upon a three year total
May 20 2020
ISSUES
bull Staff and legal counsel reviewed the bids and determined the three lowest bidders to be responsive and responsible bids
bull On March 23 2020 the ConcessionsProcurement Committee approved staffrsquos recommendation to award Purchasing Contract No 10-20 to the lowest responsive and responsible bidder Helping Hand Lawn Care LLC
bull Due to the economic impacts attributable to COVID-19 the contract was reduced to $1057962
May 20 2020
SMALL BUSINESS PARTICIPATION
This Contract includes a Minority and Women Business Enterprise (MWBE) participation goal of 19 and a Local Developing Business (LDB) participation goal of 5
May 20 2020
FISCAL IMPACT
bull The one-year fiscal impact is not-to-exceed $1057962 for the initial three-year term
bull Funding for current and subsequent fiscal years will be allocated from Operations and Maintenance Funds
May 20 2020
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to
bull Approve the recommendation of the ConcessionsProcurement Committee to Award Invitation to Bid No 10-20 Roadway Landscape Maintenance and Irrigation Services at Orlando International Airport to Helping Hand Lawn Care LLC for an initial three-year term with two one-year renewal options
bull Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $1057962 for the initial three-year term of the agreement
bull Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate agreement following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
Financial Update to the Greater Orlando Aviation Authority Board
Post COVID-19
May 20 2020
May 20 2020
COVID-19 Global Pandemic Today
Worldwide people are advised to maintain physical distancing and to avoid nonessential travel to stop spread of the virus
Theme parks closed cruises suspended conventions canceled business travel severely curtailed
Domestic and international flights into and out of MCO have collapsed bull International air travel suspended bull Nearly 1000 daily flights in April 2019 vs less than 200 last month bull 10-15 aircraft load factor (vs nearly 90 pre-Covid) bull Resulting in 95 reduction in passengers nationally and at MCO
May 20 2020 26
- - -
bull --- - -
-----
- - -
MCO Terminal Facilities Terminal Design Capacity and Forecast MAP Originally designed 24 MAP (Million
Annual Passengers) 70
North Terminal Capacity 60 Historical Sep 2019 Forecast Covid-19 Weighted Average Forecast Original Design Capacity NTC Enhanced Design Capacity
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019 as adjusted to reflect revenue passengers only to be consistent with the TAF data) ldquordquo Denotes forecast years for TAF
bull Consolidated rental car operations to A side of terminal and ConsolidatedFIS operations Saving energy and reducing staffing costs
Deferred approximately $286M of Renewal and Replacement projects bull Stopped work on all nonessential consultant and contractor projects
FY 2021 Preliminary Projected Budget Significantly Reduced bull $ 7M Below FY 2019 Budget levels ndash bull $45M or 12 reduction over previous projections (2019 ROAC) bull No new positions for FY 2021 May 20 2020 31
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Reimbursable Grant bull Operating expenses bull Debt service bull Capital expenditures (with additional conditions) bull The airport sponsor must continue to employ through December 31 2020 at least
90 of the number of individuals employed (after making adjustments for retirementsor voluntary employee separations) as of March 27 2020
bull Must spend within four years Blending of grants permitted for Airport Systems
bull MCO - $170 million (Covers less that 13 of 2019 Operating Budget) bull ORL - $69000
US Airport industry asking for additional funding (CARES 20)
May 20 2020 32
Timing of Recovery
Visitor demand to central Florida closely tied to opening of attractions and availability of disposable income
Business travel may lag leisure due to more restrictive company travel policies and adapting to virtual meetings
Several years to return to FY 2019 traffic levels CARES funding needed to sustain MCO though recovery
period to assist in meeting financial obligations bull Operating expenses bull Debt service bull Bond ldquoRate Covenantsrdquo
May 20 2020 33
$170 Million CARES Act Funds will not be enough
Covers less than one-third of annual operating budget In FY 2021 there is over $200M per year in outstanding
debt service supporting our Capital Improvement Program Additional financing of $500M needed to complete funding
of the current $42B Capital Improvement Program if no reductions are made bull Capital market volatility bull Reduced revenue resulting from decline in passenger
traffic
May 20 2020
GOAArsquos Anticipated Use of CARES Act Funds
Strategic use to provide the maximum benefit to both the Aviation Authority and our Partners bull Specific operating expenses including ORL bull Specific debt service payments
2017 Subordinated Bonds to avoid issuance of additional bonds to capitalize interest for deferred opening of the STC
May 20 2020 35
PFC Funding
Collection of $450 per eligible enplaned passenger 44 of the current STC Plan of Finance
Collection of $350 per day up to a maximum of seven days per rental transaction
Used for projects beneficial to Rental Car Companies (5 of current STC Plan of Finance)
CFC Revenues (000s) $50000
$40000
$30000
Weighted Average $20000 Forecast December 2018 Forecast
$10000
$-2018 2019 2020 2021 2022 2023 2024 2025
May 20 2020 37
Revised South Terminal C Phase 1 ndash 15 Gates
bull Given the current economic environment and resulting reduction to passenger demand Aviation Authority Staff and Consultants have performed a detailed review of the work associated with the STC Phase 1 and STC Phase 1 Expansion projects
bull Staff proposes a reduction in scope from 19 gates to 15 gates leaving the remaining 4 gates in the original plan to be constructed when demand warrants the added capacity
bull This approach is consistent with the Aviation Authorityrsquos practice to construct demand-driven facilities
bull The proposed scope reduction will require certain elements originally part of the STC Phase 1 Expansion project to be completed jointly with elements being constructed as part of the STC Phase 1 project
May 20 2020 38
Projected revisions subject to change based on actual negotiated reductions with CMARs
Potential Budget Reductions - STC and Related RAC Projects
4
Description
Estimated Budget Reduction Total
(in millions) - Airside Concourse (ASC) $ (1150)
- Baggage Handling System (BHS) (80)
- Passenger Boarding Bridge (PBB) (75)
- AirfieldApron (185)
- Ground Transportation Facility (GTF) (163)
- Landscaping (79 )
- Roadway Signage (56)
- Fixtures Furniture Equip (FFampE) and IT (80)
- Experimental Media Environment (EME) (33)
- Ground Support Equipment (GSE) (59)
- Employee Parking (20)
- Other (GR Insurance Art Airline Relocation) (280)
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
2019 ROAC
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
Original Design Capacity
NTC Enhanced Design Capacity
Historical
Sep 2019 Forecast
Covid-19 Weighted Average Forecast
Sep 2019 Forecast (ep)
Scen 7 Forecast (ep)
2009
24
40
34
16799
2010
24
40
34
17131
2011
24
40
36
17770
2012
24
40
35
17730
2013
24
40
35
17427
2014
24
40
35
17535
2015
24
40
38
18827
2016
24
40
41
20737
2017
24
40
43
21718
2018
24
40
47
23382
2019
24
40
497
24847
24847
2020
24
40
515
27
25766
13356
2021
24
40
529
25
26428
12655
2022
24
40
542
36
27094
18119
2023
24
40
555
40
27766
19865
2024
24
40
569
45
28428
22440
2025
24
40
582
49
29078
24682
2026
24
40
594
52
29714
25837
2027
24
40
607
53
30361
26384
2028
24
40
620
54
31019
26941
2029
24
40
634
55
31686
27507
2030
24
40
647
56
32364
28082
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
Sep 2019 Forecast
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
BACKGROUND Purchasing Contract 13-14 provides all labor and supervision materials and supplies tools and equipment and all other items necessary to provide twenty-four-seven on-site maintenance and repair monitoring safety testing and ongoing inspection of all elevators escalators and moving sidewalks located at the Airport
bull The Purchasing Agreement commenced on June 1 2014 with an initial four-year term and three one-year renewal terms
May 20 2020
ISSUES
bull The Purchasing Contractrsquos Second Renewal Term is scheduled to expire on May 31 2020
bull Six (6) new elevators located in Terminal C Parking Garage are added
bull No Increase in unit prices or hourly rates are requested at this time
May 20 2020
SMALL BUSINESS PARTICIPATION
bull This Contract includes a Minority and Women Business Enterprise (MWBE) participation goal of 16
bull The Small Business Development Department certifies that this contract is in good standing as it relates to MWBE participation goal
May 20 2020
FISCAL IMPACT bull The one-year fiscal impact is not-to-exceed $445263086
bull Funding is from Operations and Maintenance Funds
May 20 2020
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to
bull Approve the recommendation of the ConcessionsProcurement Committee
bull Approve Third Renewal Term for Purchasing Contract 13-14 Elevators Escalators and Moving Sidewalks Maintenance and Repair Services with Schindler Elevator Corporation
bull Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $445263086
bull Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate agreement following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Award Roadway Landscape Maintenance and Irrigation Services
to Helping Hand Lawn Care LLC Invitation to Bid No 10-20
BACKGROUND On January 202020 the Aviation Authority issued Invitation to Bid No 10-20 for all
labor and supervision tools and equipment materials and supplies parts plants
fertilizer chemicals mulch and all other items necessary to provide exterior landscape
maintenance and irrigation services of the Heintzelman Road and South Airport
Access landscaped roadway areas at Orlando International Airport The contract is
for a three-year term with two one-year renewal options
May 20 2020
ISSUES On February 18 2020 the Aviation Authority received five bids
bull Helping Hand Lawn Care LLC $138231900 bull Millennium Services of Florida LLC $147142500 bull Carol King Landscape Maintenance Inc $147168000 bull Groundteck of Central Florida Inc $161138700 bull ASI Landscape Management Inc $179560242
Bids are based upon a three year total
May 20 2020
ISSUES
bull Staff and legal counsel reviewed the bids and determined the three lowest bidders to be responsive and responsible bids
bull On March 23 2020 the ConcessionsProcurement Committee approved staffrsquos recommendation to award Purchasing Contract No 10-20 to the lowest responsive and responsible bidder Helping Hand Lawn Care LLC
bull Due to the economic impacts attributable to COVID-19 the contract was reduced to $1057962
May 20 2020
SMALL BUSINESS PARTICIPATION
This Contract includes a Minority and Women Business Enterprise (MWBE) participation goal of 19 and a Local Developing Business (LDB) participation goal of 5
May 20 2020
FISCAL IMPACT
bull The one-year fiscal impact is not-to-exceed $1057962 for the initial three-year term
bull Funding for current and subsequent fiscal years will be allocated from Operations and Maintenance Funds
May 20 2020
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to
bull Approve the recommendation of the ConcessionsProcurement Committee to Award Invitation to Bid No 10-20 Roadway Landscape Maintenance and Irrigation Services at Orlando International Airport to Helping Hand Lawn Care LLC for an initial three-year term with two one-year renewal options
bull Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $1057962 for the initial three-year term of the agreement
bull Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate agreement following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
Financial Update to the Greater Orlando Aviation Authority Board
Post COVID-19
May 20 2020
May 20 2020
COVID-19 Global Pandemic Today
Worldwide people are advised to maintain physical distancing and to avoid nonessential travel to stop spread of the virus
Theme parks closed cruises suspended conventions canceled business travel severely curtailed
Domestic and international flights into and out of MCO have collapsed bull International air travel suspended bull Nearly 1000 daily flights in April 2019 vs less than 200 last month bull 10-15 aircraft load factor (vs nearly 90 pre-Covid) bull Resulting in 95 reduction in passengers nationally and at MCO
May 20 2020 26
- - -
bull --- - -
-----
- - -
MCO Terminal Facilities Terminal Design Capacity and Forecast MAP Originally designed 24 MAP (Million
Annual Passengers) 70
North Terminal Capacity 60 Historical Sep 2019 Forecast Covid-19 Weighted Average Forecast Original Design Capacity NTC Enhanced Design Capacity
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019 as adjusted to reflect revenue passengers only to be consistent with the TAF data) ldquordquo Denotes forecast years for TAF
bull Consolidated rental car operations to A side of terminal and ConsolidatedFIS operations Saving energy and reducing staffing costs
Deferred approximately $286M of Renewal and Replacement projects bull Stopped work on all nonessential consultant and contractor projects
FY 2021 Preliminary Projected Budget Significantly Reduced bull $ 7M Below FY 2019 Budget levels ndash bull $45M or 12 reduction over previous projections (2019 ROAC) bull No new positions for FY 2021 May 20 2020 31
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Reimbursable Grant bull Operating expenses bull Debt service bull Capital expenditures (with additional conditions) bull The airport sponsor must continue to employ through December 31 2020 at least
90 of the number of individuals employed (after making adjustments for retirementsor voluntary employee separations) as of March 27 2020
bull Must spend within four years Blending of grants permitted for Airport Systems
bull MCO - $170 million (Covers less that 13 of 2019 Operating Budget) bull ORL - $69000
US Airport industry asking for additional funding (CARES 20)
May 20 2020 32
Timing of Recovery
Visitor demand to central Florida closely tied to opening of attractions and availability of disposable income
Business travel may lag leisure due to more restrictive company travel policies and adapting to virtual meetings
Several years to return to FY 2019 traffic levels CARES funding needed to sustain MCO though recovery
period to assist in meeting financial obligations bull Operating expenses bull Debt service bull Bond ldquoRate Covenantsrdquo
May 20 2020 33
$170 Million CARES Act Funds will not be enough
Covers less than one-third of annual operating budget In FY 2021 there is over $200M per year in outstanding
debt service supporting our Capital Improvement Program Additional financing of $500M needed to complete funding
of the current $42B Capital Improvement Program if no reductions are made bull Capital market volatility bull Reduced revenue resulting from decline in passenger
traffic
May 20 2020
GOAArsquos Anticipated Use of CARES Act Funds
Strategic use to provide the maximum benefit to both the Aviation Authority and our Partners bull Specific operating expenses including ORL bull Specific debt service payments
2017 Subordinated Bonds to avoid issuance of additional bonds to capitalize interest for deferred opening of the STC
May 20 2020 35
PFC Funding
Collection of $450 per eligible enplaned passenger 44 of the current STC Plan of Finance
Collection of $350 per day up to a maximum of seven days per rental transaction
Used for projects beneficial to Rental Car Companies (5 of current STC Plan of Finance)
CFC Revenues (000s) $50000
$40000
$30000
Weighted Average $20000 Forecast December 2018 Forecast
$10000
$-2018 2019 2020 2021 2022 2023 2024 2025
May 20 2020 37
Revised South Terminal C Phase 1 ndash 15 Gates
bull Given the current economic environment and resulting reduction to passenger demand Aviation Authority Staff and Consultants have performed a detailed review of the work associated with the STC Phase 1 and STC Phase 1 Expansion projects
bull Staff proposes a reduction in scope from 19 gates to 15 gates leaving the remaining 4 gates in the original plan to be constructed when demand warrants the added capacity
bull This approach is consistent with the Aviation Authorityrsquos practice to construct demand-driven facilities
bull The proposed scope reduction will require certain elements originally part of the STC Phase 1 Expansion project to be completed jointly with elements being constructed as part of the STC Phase 1 project
May 20 2020 38
Projected revisions subject to change based on actual negotiated reductions with CMARs
Potential Budget Reductions - STC and Related RAC Projects
4
Description
Estimated Budget Reduction Total
(in millions) - Airside Concourse (ASC) $ (1150)
- Baggage Handling System (BHS) (80)
- Passenger Boarding Bridge (PBB) (75)
- AirfieldApron (185)
- Ground Transportation Facility (GTF) (163)
- Landscaping (79 )
- Roadway Signage (56)
- Fixtures Furniture Equip (FFampE) and IT (80)
- Experimental Media Environment (EME) (33)
- Ground Support Equipment (GSE) (59)
- Employee Parking (20)
- Other (GR Insurance Art Airline Relocation) (280)
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
2019 ROAC
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
Original Design Capacity
NTC Enhanced Design Capacity
Historical
Sep 2019 Forecast
Covid-19 Weighted Average Forecast
Sep 2019 Forecast (ep)
Scen 7 Forecast (ep)
2009
24
40
34
16799
2010
24
40
34
17131
2011
24
40
36
17770
2012
24
40
35
17730
2013
24
40
35
17427
2014
24
40
35
17535
2015
24
40
38
18827
2016
24
40
41
20737
2017
24
40
43
21718
2018
24
40
47
23382
2019
24
40
497
24847
24847
2020
24
40
515
27
25766
13356
2021
24
40
529
25
26428
12655
2022
24
40
542
36
27094
18119
2023
24
40
555
40
27766
19865
2024
24
40
569
45
28428
22440
2025
24
40
582
49
29078
24682
2026
24
40
594
52
29714
25837
2027
24
40
607
53
30361
26384
2028
24
40
620
54
31019
26941
2029
24
40
634
55
31686
27507
2030
24
40
647
56
32364
28082
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
Sep 2019 Forecast
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
ISSUES
bull The Purchasing Contractrsquos Second Renewal Term is scheduled to expire on May 31 2020
bull Six (6) new elevators located in Terminal C Parking Garage are added
bull No Increase in unit prices or hourly rates are requested at this time
May 20 2020
SMALL BUSINESS PARTICIPATION
bull This Contract includes a Minority and Women Business Enterprise (MWBE) participation goal of 16
bull The Small Business Development Department certifies that this contract is in good standing as it relates to MWBE participation goal
May 20 2020
FISCAL IMPACT bull The one-year fiscal impact is not-to-exceed $445263086
bull Funding is from Operations and Maintenance Funds
May 20 2020
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to
bull Approve the recommendation of the ConcessionsProcurement Committee
bull Approve Third Renewal Term for Purchasing Contract 13-14 Elevators Escalators and Moving Sidewalks Maintenance and Repair Services with Schindler Elevator Corporation
bull Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $445263086
bull Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate agreement following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Award Roadway Landscape Maintenance and Irrigation Services
to Helping Hand Lawn Care LLC Invitation to Bid No 10-20
BACKGROUND On January 202020 the Aviation Authority issued Invitation to Bid No 10-20 for all
labor and supervision tools and equipment materials and supplies parts plants
fertilizer chemicals mulch and all other items necessary to provide exterior landscape
maintenance and irrigation services of the Heintzelman Road and South Airport
Access landscaped roadway areas at Orlando International Airport The contract is
for a three-year term with two one-year renewal options
May 20 2020
ISSUES On February 18 2020 the Aviation Authority received five bids
bull Helping Hand Lawn Care LLC $138231900 bull Millennium Services of Florida LLC $147142500 bull Carol King Landscape Maintenance Inc $147168000 bull Groundteck of Central Florida Inc $161138700 bull ASI Landscape Management Inc $179560242
Bids are based upon a three year total
May 20 2020
ISSUES
bull Staff and legal counsel reviewed the bids and determined the three lowest bidders to be responsive and responsible bids
bull On March 23 2020 the ConcessionsProcurement Committee approved staffrsquos recommendation to award Purchasing Contract No 10-20 to the lowest responsive and responsible bidder Helping Hand Lawn Care LLC
bull Due to the economic impacts attributable to COVID-19 the contract was reduced to $1057962
May 20 2020
SMALL BUSINESS PARTICIPATION
This Contract includes a Minority and Women Business Enterprise (MWBE) participation goal of 19 and a Local Developing Business (LDB) participation goal of 5
May 20 2020
FISCAL IMPACT
bull The one-year fiscal impact is not-to-exceed $1057962 for the initial three-year term
bull Funding for current and subsequent fiscal years will be allocated from Operations and Maintenance Funds
May 20 2020
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to
bull Approve the recommendation of the ConcessionsProcurement Committee to Award Invitation to Bid No 10-20 Roadway Landscape Maintenance and Irrigation Services at Orlando International Airport to Helping Hand Lawn Care LLC for an initial three-year term with two one-year renewal options
bull Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $1057962 for the initial three-year term of the agreement
bull Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate agreement following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
Financial Update to the Greater Orlando Aviation Authority Board
Post COVID-19
May 20 2020
May 20 2020
COVID-19 Global Pandemic Today
Worldwide people are advised to maintain physical distancing and to avoid nonessential travel to stop spread of the virus
Theme parks closed cruises suspended conventions canceled business travel severely curtailed
Domestic and international flights into and out of MCO have collapsed bull International air travel suspended bull Nearly 1000 daily flights in April 2019 vs less than 200 last month bull 10-15 aircraft load factor (vs nearly 90 pre-Covid) bull Resulting in 95 reduction in passengers nationally and at MCO
May 20 2020 26
- - -
bull --- - -
-----
- - -
MCO Terminal Facilities Terminal Design Capacity and Forecast MAP Originally designed 24 MAP (Million
Annual Passengers) 70
North Terminal Capacity 60 Historical Sep 2019 Forecast Covid-19 Weighted Average Forecast Original Design Capacity NTC Enhanced Design Capacity
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019 as adjusted to reflect revenue passengers only to be consistent with the TAF data) ldquordquo Denotes forecast years for TAF
bull Consolidated rental car operations to A side of terminal and ConsolidatedFIS operations Saving energy and reducing staffing costs
Deferred approximately $286M of Renewal and Replacement projects bull Stopped work on all nonessential consultant and contractor projects
FY 2021 Preliminary Projected Budget Significantly Reduced bull $ 7M Below FY 2019 Budget levels ndash bull $45M or 12 reduction over previous projections (2019 ROAC) bull No new positions for FY 2021 May 20 2020 31
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Reimbursable Grant bull Operating expenses bull Debt service bull Capital expenditures (with additional conditions) bull The airport sponsor must continue to employ through December 31 2020 at least
90 of the number of individuals employed (after making adjustments for retirementsor voluntary employee separations) as of March 27 2020
bull Must spend within four years Blending of grants permitted for Airport Systems
bull MCO - $170 million (Covers less that 13 of 2019 Operating Budget) bull ORL - $69000
US Airport industry asking for additional funding (CARES 20)
May 20 2020 32
Timing of Recovery
Visitor demand to central Florida closely tied to opening of attractions and availability of disposable income
Business travel may lag leisure due to more restrictive company travel policies and adapting to virtual meetings
Several years to return to FY 2019 traffic levels CARES funding needed to sustain MCO though recovery
period to assist in meeting financial obligations bull Operating expenses bull Debt service bull Bond ldquoRate Covenantsrdquo
May 20 2020 33
$170 Million CARES Act Funds will not be enough
Covers less than one-third of annual operating budget In FY 2021 there is over $200M per year in outstanding
debt service supporting our Capital Improvement Program Additional financing of $500M needed to complete funding
of the current $42B Capital Improvement Program if no reductions are made bull Capital market volatility bull Reduced revenue resulting from decline in passenger
traffic
May 20 2020
GOAArsquos Anticipated Use of CARES Act Funds
Strategic use to provide the maximum benefit to both the Aviation Authority and our Partners bull Specific operating expenses including ORL bull Specific debt service payments
2017 Subordinated Bonds to avoid issuance of additional bonds to capitalize interest for deferred opening of the STC
May 20 2020 35
PFC Funding
Collection of $450 per eligible enplaned passenger 44 of the current STC Plan of Finance
Collection of $350 per day up to a maximum of seven days per rental transaction
Used for projects beneficial to Rental Car Companies (5 of current STC Plan of Finance)
CFC Revenues (000s) $50000
$40000
$30000
Weighted Average $20000 Forecast December 2018 Forecast
$10000
$-2018 2019 2020 2021 2022 2023 2024 2025
May 20 2020 37
Revised South Terminal C Phase 1 ndash 15 Gates
bull Given the current economic environment and resulting reduction to passenger demand Aviation Authority Staff and Consultants have performed a detailed review of the work associated with the STC Phase 1 and STC Phase 1 Expansion projects
bull Staff proposes a reduction in scope from 19 gates to 15 gates leaving the remaining 4 gates in the original plan to be constructed when demand warrants the added capacity
bull This approach is consistent with the Aviation Authorityrsquos practice to construct demand-driven facilities
bull The proposed scope reduction will require certain elements originally part of the STC Phase 1 Expansion project to be completed jointly with elements being constructed as part of the STC Phase 1 project
May 20 2020 38
Projected revisions subject to change based on actual negotiated reductions with CMARs
Potential Budget Reductions - STC and Related RAC Projects
4
Description
Estimated Budget Reduction Total
(in millions) - Airside Concourse (ASC) $ (1150)
- Baggage Handling System (BHS) (80)
- Passenger Boarding Bridge (PBB) (75)
- AirfieldApron (185)
- Ground Transportation Facility (GTF) (163)
- Landscaping (79 )
- Roadway Signage (56)
- Fixtures Furniture Equip (FFampE) and IT (80)
- Experimental Media Environment (EME) (33)
- Ground Support Equipment (GSE) (59)
- Employee Parking (20)
- Other (GR Insurance Art Airline Relocation) (280)
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
2019 ROAC
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
Original Design Capacity
NTC Enhanced Design Capacity
Historical
Sep 2019 Forecast
Covid-19 Weighted Average Forecast
Sep 2019 Forecast (ep)
Scen 7 Forecast (ep)
2009
24
40
34
16799
2010
24
40
34
17131
2011
24
40
36
17770
2012
24
40
35
17730
2013
24
40
35
17427
2014
24
40
35
17535
2015
24
40
38
18827
2016
24
40
41
20737
2017
24
40
43
21718
2018
24
40
47
23382
2019
24
40
497
24847
24847
2020
24
40
515
27
25766
13356
2021
24
40
529
25
26428
12655
2022
24
40
542
36
27094
18119
2023
24
40
555
40
27766
19865
2024
24
40
569
45
28428
22440
2025
24
40
582
49
29078
24682
2026
24
40
594
52
29714
25837
2027
24
40
607
53
30361
26384
2028
24
40
620
54
31019
26941
2029
24
40
634
55
31686
27507
2030
24
40
647
56
32364
28082
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
Sep 2019 Forecast
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
SMALL BUSINESS PARTICIPATION
bull This Contract includes a Minority and Women Business Enterprise (MWBE) participation goal of 16
bull The Small Business Development Department certifies that this contract is in good standing as it relates to MWBE participation goal
May 20 2020
FISCAL IMPACT bull The one-year fiscal impact is not-to-exceed $445263086
bull Funding is from Operations and Maintenance Funds
May 20 2020
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to
bull Approve the recommendation of the ConcessionsProcurement Committee
bull Approve Third Renewal Term for Purchasing Contract 13-14 Elevators Escalators and Moving Sidewalks Maintenance and Repair Services with Schindler Elevator Corporation
bull Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $445263086
bull Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate agreement following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Award Roadway Landscape Maintenance and Irrigation Services
to Helping Hand Lawn Care LLC Invitation to Bid No 10-20
BACKGROUND On January 202020 the Aviation Authority issued Invitation to Bid No 10-20 for all
labor and supervision tools and equipment materials and supplies parts plants
fertilizer chemicals mulch and all other items necessary to provide exterior landscape
maintenance and irrigation services of the Heintzelman Road and South Airport
Access landscaped roadway areas at Orlando International Airport The contract is
for a three-year term with two one-year renewal options
May 20 2020
ISSUES On February 18 2020 the Aviation Authority received five bids
bull Helping Hand Lawn Care LLC $138231900 bull Millennium Services of Florida LLC $147142500 bull Carol King Landscape Maintenance Inc $147168000 bull Groundteck of Central Florida Inc $161138700 bull ASI Landscape Management Inc $179560242
Bids are based upon a three year total
May 20 2020
ISSUES
bull Staff and legal counsel reviewed the bids and determined the three lowest bidders to be responsive and responsible bids
bull On March 23 2020 the ConcessionsProcurement Committee approved staffrsquos recommendation to award Purchasing Contract No 10-20 to the lowest responsive and responsible bidder Helping Hand Lawn Care LLC
bull Due to the economic impacts attributable to COVID-19 the contract was reduced to $1057962
May 20 2020
SMALL BUSINESS PARTICIPATION
This Contract includes a Minority and Women Business Enterprise (MWBE) participation goal of 19 and a Local Developing Business (LDB) participation goal of 5
May 20 2020
FISCAL IMPACT
bull The one-year fiscal impact is not-to-exceed $1057962 for the initial three-year term
bull Funding for current and subsequent fiscal years will be allocated from Operations and Maintenance Funds
May 20 2020
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to
bull Approve the recommendation of the ConcessionsProcurement Committee to Award Invitation to Bid No 10-20 Roadway Landscape Maintenance and Irrigation Services at Orlando International Airport to Helping Hand Lawn Care LLC for an initial three-year term with two one-year renewal options
bull Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $1057962 for the initial three-year term of the agreement
bull Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate agreement following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
Financial Update to the Greater Orlando Aviation Authority Board
Post COVID-19
May 20 2020
May 20 2020
COVID-19 Global Pandemic Today
Worldwide people are advised to maintain physical distancing and to avoid nonessential travel to stop spread of the virus
Theme parks closed cruises suspended conventions canceled business travel severely curtailed
Domestic and international flights into and out of MCO have collapsed bull International air travel suspended bull Nearly 1000 daily flights in April 2019 vs less than 200 last month bull 10-15 aircraft load factor (vs nearly 90 pre-Covid) bull Resulting in 95 reduction in passengers nationally and at MCO
May 20 2020 26
- - -
bull --- - -
-----
- - -
MCO Terminal Facilities Terminal Design Capacity and Forecast MAP Originally designed 24 MAP (Million
Annual Passengers) 70
North Terminal Capacity 60 Historical Sep 2019 Forecast Covid-19 Weighted Average Forecast Original Design Capacity NTC Enhanced Design Capacity
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019 as adjusted to reflect revenue passengers only to be consistent with the TAF data) ldquordquo Denotes forecast years for TAF
bull Consolidated rental car operations to A side of terminal and ConsolidatedFIS operations Saving energy and reducing staffing costs
Deferred approximately $286M of Renewal and Replacement projects bull Stopped work on all nonessential consultant and contractor projects
FY 2021 Preliminary Projected Budget Significantly Reduced bull $ 7M Below FY 2019 Budget levels ndash bull $45M or 12 reduction over previous projections (2019 ROAC) bull No new positions for FY 2021 May 20 2020 31
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Reimbursable Grant bull Operating expenses bull Debt service bull Capital expenditures (with additional conditions) bull The airport sponsor must continue to employ through December 31 2020 at least
90 of the number of individuals employed (after making adjustments for retirementsor voluntary employee separations) as of March 27 2020
bull Must spend within four years Blending of grants permitted for Airport Systems
bull MCO - $170 million (Covers less that 13 of 2019 Operating Budget) bull ORL - $69000
US Airport industry asking for additional funding (CARES 20)
May 20 2020 32
Timing of Recovery
Visitor demand to central Florida closely tied to opening of attractions and availability of disposable income
Business travel may lag leisure due to more restrictive company travel policies and adapting to virtual meetings
Several years to return to FY 2019 traffic levels CARES funding needed to sustain MCO though recovery
period to assist in meeting financial obligations bull Operating expenses bull Debt service bull Bond ldquoRate Covenantsrdquo
May 20 2020 33
$170 Million CARES Act Funds will not be enough
Covers less than one-third of annual operating budget In FY 2021 there is over $200M per year in outstanding
debt service supporting our Capital Improvement Program Additional financing of $500M needed to complete funding
of the current $42B Capital Improvement Program if no reductions are made bull Capital market volatility bull Reduced revenue resulting from decline in passenger
traffic
May 20 2020
GOAArsquos Anticipated Use of CARES Act Funds
Strategic use to provide the maximum benefit to both the Aviation Authority and our Partners bull Specific operating expenses including ORL bull Specific debt service payments
2017 Subordinated Bonds to avoid issuance of additional bonds to capitalize interest for deferred opening of the STC
May 20 2020 35
PFC Funding
Collection of $450 per eligible enplaned passenger 44 of the current STC Plan of Finance
Collection of $350 per day up to a maximum of seven days per rental transaction
Used for projects beneficial to Rental Car Companies (5 of current STC Plan of Finance)
CFC Revenues (000s) $50000
$40000
$30000
Weighted Average $20000 Forecast December 2018 Forecast
$10000
$-2018 2019 2020 2021 2022 2023 2024 2025
May 20 2020 37
Revised South Terminal C Phase 1 ndash 15 Gates
bull Given the current economic environment and resulting reduction to passenger demand Aviation Authority Staff and Consultants have performed a detailed review of the work associated with the STC Phase 1 and STC Phase 1 Expansion projects
bull Staff proposes a reduction in scope from 19 gates to 15 gates leaving the remaining 4 gates in the original plan to be constructed when demand warrants the added capacity
bull This approach is consistent with the Aviation Authorityrsquos practice to construct demand-driven facilities
bull The proposed scope reduction will require certain elements originally part of the STC Phase 1 Expansion project to be completed jointly with elements being constructed as part of the STC Phase 1 project
May 20 2020 38
Projected revisions subject to change based on actual negotiated reductions with CMARs
Potential Budget Reductions - STC and Related RAC Projects
4
Description
Estimated Budget Reduction Total
(in millions) - Airside Concourse (ASC) $ (1150)
- Baggage Handling System (BHS) (80)
- Passenger Boarding Bridge (PBB) (75)
- AirfieldApron (185)
- Ground Transportation Facility (GTF) (163)
- Landscaping (79 )
- Roadway Signage (56)
- Fixtures Furniture Equip (FFampE) and IT (80)
- Experimental Media Environment (EME) (33)
- Ground Support Equipment (GSE) (59)
- Employee Parking (20)
- Other (GR Insurance Art Airline Relocation) (280)
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
2019 ROAC
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
Original Design Capacity
NTC Enhanced Design Capacity
Historical
Sep 2019 Forecast
Covid-19 Weighted Average Forecast
Sep 2019 Forecast (ep)
Scen 7 Forecast (ep)
2009
24
40
34
16799
2010
24
40
34
17131
2011
24
40
36
17770
2012
24
40
35
17730
2013
24
40
35
17427
2014
24
40
35
17535
2015
24
40
38
18827
2016
24
40
41
20737
2017
24
40
43
21718
2018
24
40
47
23382
2019
24
40
497
24847
24847
2020
24
40
515
27
25766
13356
2021
24
40
529
25
26428
12655
2022
24
40
542
36
27094
18119
2023
24
40
555
40
27766
19865
2024
24
40
569
45
28428
22440
2025
24
40
582
49
29078
24682
2026
24
40
594
52
29714
25837
2027
24
40
607
53
30361
26384
2028
24
40
620
54
31019
26941
2029
24
40
634
55
31686
27507
2030
24
40
647
56
32364
28082
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
Sep 2019 Forecast
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
FISCAL IMPACT bull The one-year fiscal impact is not-to-exceed $445263086
bull Funding is from Operations and Maintenance Funds
May 20 2020
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to
bull Approve the recommendation of the ConcessionsProcurement Committee
bull Approve Third Renewal Term for Purchasing Contract 13-14 Elevators Escalators and Moving Sidewalks Maintenance and Repair Services with Schindler Elevator Corporation
bull Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $445263086
bull Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate agreement following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Award Roadway Landscape Maintenance and Irrigation Services
to Helping Hand Lawn Care LLC Invitation to Bid No 10-20
BACKGROUND On January 202020 the Aviation Authority issued Invitation to Bid No 10-20 for all
labor and supervision tools and equipment materials and supplies parts plants
fertilizer chemicals mulch and all other items necessary to provide exterior landscape
maintenance and irrigation services of the Heintzelman Road and South Airport
Access landscaped roadway areas at Orlando International Airport The contract is
for a three-year term with two one-year renewal options
May 20 2020
ISSUES On February 18 2020 the Aviation Authority received five bids
bull Helping Hand Lawn Care LLC $138231900 bull Millennium Services of Florida LLC $147142500 bull Carol King Landscape Maintenance Inc $147168000 bull Groundteck of Central Florida Inc $161138700 bull ASI Landscape Management Inc $179560242
Bids are based upon a three year total
May 20 2020
ISSUES
bull Staff and legal counsel reviewed the bids and determined the three lowest bidders to be responsive and responsible bids
bull On March 23 2020 the ConcessionsProcurement Committee approved staffrsquos recommendation to award Purchasing Contract No 10-20 to the lowest responsive and responsible bidder Helping Hand Lawn Care LLC
bull Due to the economic impacts attributable to COVID-19 the contract was reduced to $1057962
May 20 2020
SMALL BUSINESS PARTICIPATION
This Contract includes a Minority and Women Business Enterprise (MWBE) participation goal of 19 and a Local Developing Business (LDB) participation goal of 5
May 20 2020
FISCAL IMPACT
bull The one-year fiscal impact is not-to-exceed $1057962 for the initial three-year term
bull Funding for current and subsequent fiscal years will be allocated from Operations and Maintenance Funds
May 20 2020
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to
bull Approve the recommendation of the ConcessionsProcurement Committee to Award Invitation to Bid No 10-20 Roadway Landscape Maintenance and Irrigation Services at Orlando International Airport to Helping Hand Lawn Care LLC for an initial three-year term with two one-year renewal options
bull Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $1057962 for the initial three-year term of the agreement
bull Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate agreement following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
Financial Update to the Greater Orlando Aviation Authority Board
Post COVID-19
May 20 2020
May 20 2020
COVID-19 Global Pandemic Today
Worldwide people are advised to maintain physical distancing and to avoid nonessential travel to stop spread of the virus
Theme parks closed cruises suspended conventions canceled business travel severely curtailed
Domestic and international flights into and out of MCO have collapsed bull International air travel suspended bull Nearly 1000 daily flights in April 2019 vs less than 200 last month bull 10-15 aircraft load factor (vs nearly 90 pre-Covid) bull Resulting in 95 reduction in passengers nationally and at MCO
May 20 2020 26
- - -
bull --- - -
-----
- - -
MCO Terminal Facilities Terminal Design Capacity and Forecast MAP Originally designed 24 MAP (Million
Annual Passengers) 70
North Terminal Capacity 60 Historical Sep 2019 Forecast Covid-19 Weighted Average Forecast Original Design Capacity NTC Enhanced Design Capacity
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019 as adjusted to reflect revenue passengers only to be consistent with the TAF data) ldquordquo Denotes forecast years for TAF
bull Consolidated rental car operations to A side of terminal and ConsolidatedFIS operations Saving energy and reducing staffing costs
Deferred approximately $286M of Renewal and Replacement projects bull Stopped work on all nonessential consultant and contractor projects
FY 2021 Preliminary Projected Budget Significantly Reduced bull $ 7M Below FY 2019 Budget levels ndash bull $45M or 12 reduction over previous projections (2019 ROAC) bull No new positions for FY 2021 May 20 2020 31
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Reimbursable Grant bull Operating expenses bull Debt service bull Capital expenditures (with additional conditions) bull The airport sponsor must continue to employ through December 31 2020 at least
90 of the number of individuals employed (after making adjustments for retirementsor voluntary employee separations) as of March 27 2020
bull Must spend within four years Blending of grants permitted for Airport Systems
bull MCO - $170 million (Covers less that 13 of 2019 Operating Budget) bull ORL - $69000
US Airport industry asking for additional funding (CARES 20)
May 20 2020 32
Timing of Recovery
Visitor demand to central Florida closely tied to opening of attractions and availability of disposable income
Business travel may lag leisure due to more restrictive company travel policies and adapting to virtual meetings
Several years to return to FY 2019 traffic levels CARES funding needed to sustain MCO though recovery
period to assist in meeting financial obligations bull Operating expenses bull Debt service bull Bond ldquoRate Covenantsrdquo
May 20 2020 33
$170 Million CARES Act Funds will not be enough
Covers less than one-third of annual operating budget In FY 2021 there is over $200M per year in outstanding
debt service supporting our Capital Improvement Program Additional financing of $500M needed to complete funding
of the current $42B Capital Improvement Program if no reductions are made bull Capital market volatility bull Reduced revenue resulting from decline in passenger
traffic
May 20 2020
GOAArsquos Anticipated Use of CARES Act Funds
Strategic use to provide the maximum benefit to both the Aviation Authority and our Partners bull Specific operating expenses including ORL bull Specific debt service payments
2017 Subordinated Bonds to avoid issuance of additional bonds to capitalize interest for deferred opening of the STC
May 20 2020 35
PFC Funding
Collection of $450 per eligible enplaned passenger 44 of the current STC Plan of Finance
Collection of $350 per day up to a maximum of seven days per rental transaction
Used for projects beneficial to Rental Car Companies (5 of current STC Plan of Finance)
CFC Revenues (000s) $50000
$40000
$30000
Weighted Average $20000 Forecast December 2018 Forecast
$10000
$-2018 2019 2020 2021 2022 2023 2024 2025
May 20 2020 37
Revised South Terminal C Phase 1 ndash 15 Gates
bull Given the current economic environment and resulting reduction to passenger demand Aviation Authority Staff and Consultants have performed a detailed review of the work associated with the STC Phase 1 and STC Phase 1 Expansion projects
bull Staff proposes a reduction in scope from 19 gates to 15 gates leaving the remaining 4 gates in the original plan to be constructed when demand warrants the added capacity
bull This approach is consistent with the Aviation Authorityrsquos practice to construct demand-driven facilities
bull The proposed scope reduction will require certain elements originally part of the STC Phase 1 Expansion project to be completed jointly with elements being constructed as part of the STC Phase 1 project
May 20 2020 38
Projected revisions subject to change based on actual negotiated reductions with CMARs
Potential Budget Reductions - STC and Related RAC Projects
4
Description
Estimated Budget Reduction Total
(in millions) - Airside Concourse (ASC) $ (1150)
- Baggage Handling System (BHS) (80)
- Passenger Boarding Bridge (PBB) (75)
- AirfieldApron (185)
- Ground Transportation Facility (GTF) (163)
- Landscaping (79 )
- Roadway Signage (56)
- Fixtures Furniture Equip (FFampE) and IT (80)
- Experimental Media Environment (EME) (33)
- Ground Support Equipment (GSE) (59)
- Employee Parking (20)
- Other (GR Insurance Art Airline Relocation) (280)
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
2019 ROAC
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
Original Design Capacity
NTC Enhanced Design Capacity
Historical
Sep 2019 Forecast
Covid-19 Weighted Average Forecast
Sep 2019 Forecast (ep)
Scen 7 Forecast (ep)
2009
24
40
34
16799
2010
24
40
34
17131
2011
24
40
36
17770
2012
24
40
35
17730
2013
24
40
35
17427
2014
24
40
35
17535
2015
24
40
38
18827
2016
24
40
41
20737
2017
24
40
43
21718
2018
24
40
47
23382
2019
24
40
497
24847
24847
2020
24
40
515
27
25766
13356
2021
24
40
529
25
26428
12655
2022
24
40
542
36
27094
18119
2023
24
40
555
40
27766
19865
2024
24
40
569
45
28428
22440
2025
24
40
582
49
29078
24682
2026
24
40
594
52
29714
25837
2027
24
40
607
53
30361
26384
2028
24
40
620
54
31019
26941
2029
24
40
634
55
31686
27507
2030
24
40
647
56
32364
28082
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
Sep 2019 Forecast
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to
bull Approve the recommendation of the ConcessionsProcurement Committee
bull Approve Third Renewal Term for Purchasing Contract 13-14 Elevators Escalators and Moving Sidewalks Maintenance and Repair Services with Schindler Elevator Corporation
bull Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $445263086
bull Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate agreement following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Award Roadway Landscape Maintenance and Irrigation Services
to Helping Hand Lawn Care LLC Invitation to Bid No 10-20
BACKGROUND On January 202020 the Aviation Authority issued Invitation to Bid No 10-20 for all
labor and supervision tools and equipment materials and supplies parts plants
fertilizer chemicals mulch and all other items necessary to provide exterior landscape
maintenance and irrigation services of the Heintzelman Road and South Airport
Access landscaped roadway areas at Orlando International Airport The contract is
for a three-year term with two one-year renewal options
May 20 2020
ISSUES On February 18 2020 the Aviation Authority received five bids
bull Helping Hand Lawn Care LLC $138231900 bull Millennium Services of Florida LLC $147142500 bull Carol King Landscape Maintenance Inc $147168000 bull Groundteck of Central Florida Inc $161138700 bull ASI Landscape Management Inc $179560242
Bids are based upon a three year total
May 20 2020
ISSUES
bull Staff and legal counsel reviewed the bids and determined the three lowest bidders to be responsive and responsible bids
bull On March 23 2020 the ConcessionsProcurement Committee approved staffrsquos recommendation to award Purchasing Contract No 10-20 to the lowest responsive and responsible bidder Helping Hand Lawn Care LLC
bull Due to the economic impacts attributable to COVID-19 the contract was reduced to $1057962
May 20 2020
SMALL BUSINESS PARTICIPATION
This Contract includes a Minority and Women Business Enterprise (MWBE) participation goal of 19 and a Local Developing Business (LDB) participation goal of 5
May 20 2020
FISCAL IMPACT
bull The one-year fiscal impact is not-to-exceed $1057962 for the initial three-year term
bull Funding for current and subsequent fiscal years will be allocated from Operations and Maintenance Funds
May 20 2020
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to
bull Approve the recommendation of the ConcessionsProcurement Committee to Award Invitation to Bid No 10-20 Roadway Landscape Maintenance and Irrigation Services at Orlando International Airport to Helping Hand Lawn Care LLC for an initial three-year term with two one-year renewal options
bull Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $1057962 for the initial three-year term of the agreement
bull Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate agreement following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
Financial Update to the Greater Orlando Aviation Authority Board
Post COVID-19
May 20 2020
May 20 2020
COVID-19 Global Pandemic Today
Worldwide people are advised to maintain physical distancing and to avoid nonessential travel to stop spread of the virus
Theme parks closed cruises suspended conventions canceled business travel severely curtailed
Domestic and international flights into and out of MCO have collapsed bull International air travel suspended bull Nearly 1000 daily flights in April 2019 vs less than 200 last month bull 10-15 aircraft load factor (vs nearly 90 pre-Covid) bull Resulting in 95 reduction in passengers nationally and at MCO
May 20 2020 26
- - -
bull --- - -
-----
- - -
MCO Terminal Facilities Terminal Design Capacity and Forecast MAP Originally designed 24 MAP (Million
Annual Passengers) 70
North Terminal Capacity 60 Historical Sep 2019 Forecast Covid-19 Weighted Average Forecast Original Design Capacity NTC Enhanced Design Capacity
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019 as adjusted to reflect revenue passengers only to be consistent with the TAF data) ldquordquo Denotes forecast years for TAF
bull Consolidated rental car operations to A side of terminal and ConsolidatedFIS operations Saving energy and reducing staffing costs
Deferred approximately $286M of Renewal and Replacement projects bull Stopped work on all nonessential consultant and contractor projects
FY 2021 Preliminary Projected Budget Significantly Reduced bull $ 7M Below FY 2019 Budget levels ndash bull $45M or 12 reduction over previous projections (2019 ROAC) bull No new positions for FY 2021 May 20 2020 31
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Reimbursable Grant bull Operating expenses bull Debt service bull Capital expenditures (with additional conditions) bull The airport sponsor must continue to employ through December 31 2020 at least
90 of the number of individuals employed (after making adjustments for retirementsor voluntary employee separations) as of March 27 2020
bull Must spend within four years Blending of grants permitted for Airport Systems
bull MCO - $170 million (Covers less that 13 of 2019 Operating Budget) bull ORL - $69000
US Airport industry asking for additional funding (CARES 20)
May 20 2020 32
Timing of Recovery
Visitor demand to central Florida closely tied to opening of attractions and availability of disposable income
Business travel may lag leisure due to more restrictive company travel policies and adapting to virtual meetings
Several years to return to FY 2019 traffic levels CARES funding needed to sustain MCO though recovery
period to assist in meeting financial obligations bull Operating expenses bull Debt service bull Bond ldquoRate Covenantsrdquo
May 20 2020 33
$170 Million CARES Act Funds will not be enough
Covers less than one-third of annual operating budget In FY 2021 there is over $200M per year in outstanding
debt service supporting our Capital Improvement Program Additional financing of $500M needed to complete funding
of the current $42B Capital Improvement Program if no reductions are made bull Capital market volatility bull Reduced revenue resulting from decline in passenger
traffic
May 20 2020
GOAArsquos Anticipated Use of CARES Act Funds
Strategic use to provide the maximum benefit to both the Aviation Authority and our Partners bull Specific operating expenses including ORL bull Specific debt service payments
2017 Subordinated Bonds to avoid issuance of additional bonds to capitalize interest for deferred opening of the STC
May 20 2020 35
PFC Funding
Collection of $450 per eligible enplaned passenger 44 of the current STC Plan of Finance
Collection of $350 per day up to a maximum of seven days per rental transaction
Used for projects beneficial to Rental Car Companies (5 of current STC Plan of Finance)
CFC Revenues (000s) $50000
$40000
$30000
Weighted Average $20000 Forecast December 2018 Forecast
$10000
$-2018 2019 2020 2021 2022 2023 2024 2025
May 20 2020 37
Revised South Terminal C Phase 1 ndash 15 Gates
bull Given the current economic environment and resulting reduction to passenger demand Aviation Authority Staff and Consultants have performed a detailed review of the work associated with the STC Phase 1 and STC Phase 1 Expansion projects
bull Staff proposes a reduction in scope from 19 gates to 15 gates leaving the remaining 4 gates in the original plan to be constructed when demand warrants the added capacity
bull This approach is consistent with the Aviation Authorityrsquos practice to construct demand-driven facilities
bull The proposed scope reduction will require certain elements originally part of the STC Phase 1 Expansion project to be completed jointly with elements being constructed as part of the STC Phase 1 project
May 20 2020 38
Projected revisions subject to change based on actual negotiated reductions with CMARs
Potential Budget Reductions - STC and Related RAC Projects
4
Description
Estimated Budget Reduction Total
(in millions) - Airside Concourse (ASC) $ (1150)
- Baggage Handling System (BHS) (80)
- Passenger Boarding Bridge (PBB) (75)
- AirfieldApron (185)
- Ground Transportation Facility (GTF) (163)
- Landscaping (79 )
- Roadway Signage (56)
- Fixtures Furniture Equip (FFampE) and IT (80)
- Experimental Media Environment (EME) (33)
- Ground Support Equipment (GSE) (59)
- Employee Parking (20)
- Other (GR Insurance Art Airline Relocation) (280)
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
2019 ROAC
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
Original Design Capacity
NTC Enhanced Design Capacity
Historical
Sep 2019 Forecast
Covid-19 Weighted Average Forecast
Sep 2019 Forecast (ep)
Scen 7 Forecast (ep)
2009
24
40
34
16799
2010
24
40
34
17131
2011
24
40
36
17770
2012
24
40
35
17730
2013
24
40
35
17427
2014
24
40
35
17535
2015
24
40
38
18827
2016
24
40
41
20737
2017
24
40
43
21718
2018
24
40
47
23382
2019
24
40
497
24847
24847
2020
24
40
515
27
25766
13356
2021
24
40
529
25
26428
12655
2022
24
40
542
36
27094
18119
2023
24
40
555
40
27766
19865
2024
24
40
569
45
28428
22440
2025
24
40
582
49
29078
24682
2026
24
40
594
52
29714
25837
2027
24
40
607
53
30361
26384
2028
24
40
620
54
31019
26941
2029
24
40
634
55
31686
27507
2030
24
40
647
56
32364
28082
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
Sep 2019 Forecast
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
QUESTIONS
May 20 2020
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Award Roadway Landscape Maintenance and Irrigation Services
to Helping Hand Lawn Care LLC Invitation to Bid No 10-20
BACKGROUND On January 202020 the Aviation Authority issued Invitation to Bid No 10-20 for all
labor and supervision tools and equipment materials and supplies parts plants
fertilizer chemicals mulch and all other items necessary to provide exterior landscape
maintenance and irrigation services of the Heintzelman Road and South Airport
Access landscaped roadway areas at Orlando International Airport The contract is
for a three-year term with two one-year renewal options
May 20 2020
ISSUES On February 18 2020 the Aviation Authority received five bids
bull Helping Hand Lawn Care LLC $138231900 bull Millennium Services of Florida LLC $147142500 bull Carol King Landscape Maintenance Inc $147168000 bull Groundteck of Central Florida Inc $161138700 bull ASI Landscape Management Inc $179560242
Bids are based upon a three year total
May 20 2020
ISSUES
bull Staff and legal counsel reviewed the bids and determined the three lowest bidders to be responsive and responsible bids
bull On March 23 2020 the ConcessionsProcurement Committee approved staffrsquos recommendation to award Purchasing Contract No 10-20 to the lowest responsive and responsible bidder Helping Hand Lawn Care LLC
bull Due to the economic impacts attributable to COVID-19 the contract was reduced to $1057962
May 20 2020
SMALL BUSINESS PARTICIPATION
This Contract includes a Minority and Women Business Enterprise (MWBE) participation goal of 19 and a Local Developing Business (LDB) participation goal of 5
May 20 2020
FISCAL IMPACT
bull The one-year fiscal impact is not-to-exceed $1057962 for the initial three-year term
bull Funding for current and subsequent fiscal years will be allocated from Operations and Maintenance Funds
May 20 2020
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to
bull Approve the recommendation of the ConcessionsProcurement Committee to Award Invitation to Bid No 10-20 Roadway Landscape Maintenance and Irrigation Services at Orlando International Airport to Helping Hand Lawn Care LLC for an initial three-year term with two one-year renewal options
bull Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $1057962 for the initial three-year term of the agreement
bull Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate agreement following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
Financial Update to the Greater Orlando Aviation Authority Board
Post COVID-19
May 20 2020
May 20 2020
COVID-19 Global Pandemic Today
Worldwide people are advised to maintain physical distancing and to avoid nonessential travel to stop spread of the virus
Theme parks closed cruises suspended conventions canceled business travel severely curtailed
Domestic and international flights into and out of MCO have collapsed bull International air travel suspended bull Nearly 1000 daily flights in April 2019 vs less than 200 last month bull 10-15 aircraft load factor (vs nearly 90 pre-Covid) bull Resulting in 95 reduction in passengers nationally and at MCO
May 20 2020 26
- - -
bull --- - -
-----
- - -
MCO Terminal Facilities Terminal Design Capacity and Forecast MAP Originally designed 24 MAP (Million
Annual Passengers) 70
North Terminal Capacity 60 Historical Sep 2019 Forecast Covid-19 Weighted Average Forecast Original Design Capacity NTC Enhanced Design Capacity
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019 as adjusted to reflect revenue passengers only to be consistent with the TAF data) ldquordquo Denotes forecast years for TAF
bull Consolidated rental car operations to A side of terminal and ConsolidatedFIS operations Saving energy and reducing staffing costs
Deferred approximately $286M of Renewal and Replacement projects bull Stopped work on all nonessential consultant and contractor projects
FY 2021 Preliminary Projected Budget Significantly Reduced bull $ 7M Below FY 2019 Budget levels ndash bull $45M or 12 reduction over previous projections (2019 ROAC) bull No new positions for FY 2021 May 20 2020 31
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Reimbursable Grant bull Operating expenses bull Debt service bull Capital expenditures (with additional conditions) bull The airport sponsor must continue to employ through December 31 2020 at least
90 of the number of individuals employed (after making adjustments for retirementsor voluntary employee separations) as of March 27 2020
bull Must spend within four years Blending of grants permitted for Airport Systems
bull MCO - $170 million (Covers less that 13 of 2019 Operating Budget) bull ORL - $69000
US Airport industry asking for additional funding (CARES 20)
May 20 2020 32
Timing of Recovery
Visitor demand to central Florida closely tied to opening of attractions and availability of disposable income
Business travel may lag leisure due to more restrictive company travel policies and adapting to virtual meetings
Several years to return to FY 2019 traffic levels CARES funding needed to sustain MCO though recovery
period to assist in meeting financial obligations bull Operating expenses bull Debt service bull Bond ldquoRate Covenantsrdquo
May 20 2020 33
$170 Million CARES Act Funds will not be enough
Covers less than one-third of annual operating budget In FY 2021 there is over $200M per year in outstanding
debt service supporting our Capital Improvement Program Additional financing of $500M needed to complete funding
of the current $42B Capital Improvement Program if no reductions are made bull Capital market volatility bull Reduced revenue resulting from decline in passenger
traffic
May 20 2020
GOAArsquos Anticipated Use of CARES Act Funds
Strategic use to provide the maximum benefit to both the Aviation Authority and our Partners bull Specific operating expenses including ORL bull Specific debt service payments
2017 Subordinated Bonds to avoid issuance of additional bonds to capitalize interest for deferred opening of the STC
May 20 2020 35
PFC Funding
Collection of $450 per eligible enplaned passenger 44 of the current STC Plan of Finance
Collection of $350 per day up to a maximum of seven days per rental transaction
Used for projects beneficial to Rental Car Companies (5 of current STC Plan of Finance)
CFC Revenues (000s) $50000
$40000
$30000
Weighted Average $20000 Forecast December 2018 Forecast
$10000
$-2018 2019 2020 2021 2022 2023 2024 2025
May 20 2020 37
Revised South Terminal C Phase 1 ndash 15 Gates
bull Given the current economic environment and resulting reduction to passenger demand Aviation Authority Staff and Consultants have performed a detailed review of the work associated with the STC Phase 1 and STC Phase 1 Expansion projects
bull Staff proposes a reduction in scope from 19 gates to 15 gates leaving the remaining 4 gates in the original plan to be constructed when demand warrants the added capacity
bull This approach is consistent with the Aviation Authorityrsquos practice to construct demand-driven facilities
bull The proposed scope reduction will require certain elements originally part of the STC Phase 1 Expansion project to be completed jointly with elements being constructed as part of the STC Phase 1 project
May 20 2020 38
Projected revisions subject to change based on actual negotiated reductions with CMARs
Potential Budget Reductions - STC and Related RAC Projects
4
Description
Estimated Budget Reduction Total
(in millions) - Airside Concourse (ASC) $ (1150)
- Baggage Handling System (BHS) (80)
- Passenger Boarding Bridge (PBB) (75)
- AirfieldApron (185)
- Ground Transportation Facility (GTF) (163)
- Landscaping (79 )
- Roadway Signage (56)
- Fixtures Furniture Equip (FFampE) and IT (80)
- Experimental Media Environment (EME) (33)
- Ground Support Equipment (GSE) (59)
- Employee Parking (20)
- Other (GR Insurance Art Airline Relocation) (280)
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
2019 ROAC
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
Original Design Capacity
NTC Enhanced Design Capacity
Historical
Sep 2019 Forecast
Covid-19 Weighted Average Forecast
Sep 2019 Forecast (ep)
Scen 7 Forecast (ep)
2009
24
40
34
16799
2010
24
40
34
17131
2011
24
40
36
17770
2012
24
40
35
17730
2013
24
40
35
17427
2014
24
40
35
17535
2015
24
40
38
18827
2016
24
40
41
20737
2017
24
40
43
21718
2018
24
40
47
23382
2019
24
40
497
24847
24847
2020
24
40
515
27
25766
13356
2021
24
40
529
25
26428
12655
2022
24
40
542
36
27094
18119
2023
24
40
555
40
27766
19865
2024
24
40
569
45
28428
22440
2025
24
40
582
49
29078
24682
2026
24
40
594
52
29714
25837
2027
24
40
607
53
30361
26384
2028
24
40
620
54
31019
26941
2029
24
40
634
55
31686
27507
2030
24
40
647
56
32364
28082
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
Sep 2019 Forecast
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Award Roadway Landscape Maintenance and Irrigation Services
to Helping Hand Lawn Care LLC Invitation to Bid No 10-20
BACKGROUND On January 202020 the Aviation Authority issued Invitation to Bid No 10-20 for all
labor and supervision tools and equipment materials and supplies parts plants
fertilizer chemicals mulch and all other items necessary to provide exterior landscape
maintenance and irrigation services of the Heintzelman Road and South Airport
Access landscaped roadway areas at Orlando International Airport The contract is
for a three-year term with two one-year renewal options
May 20 2020
ISSUES On February 18 2020 the Aviation Authority received five bids
bull Helping Hand Lawn Care LLC $138231900 bull Millennium Services of Florida LLC $147142500 bull Carol King Landscape Maintenance Inc $147168000 bull Groundteck of Central Florida Inc $161138700 bull ASI Landscape Management Inc $179560242
Bids are based upon a three year total
May 20 2020
ISSUES
bull Staff and legal counsel reviewed the bids and determined the three lowest bidders to be responsive and responsible bids
bull On March 23 2020 the ConcessionsProcurement Committee approved staffrsquos recommendation to award Purchasing Contract No 10-20 to the lowest responsive and responsible bidder Helping Hand Lawn Care LLC
bull Due to the economic impacts attributable to COVID-19 the contract was reduced to $1057962
May 20 2020
SMALL BUSINESS PARTICIPATION
This Contract includes a Minority and Women Business Enterprise (MWBE) participation goal of 19 and a Local Developing Business (LDB) participation goal of 5
May 20 2020
FISCAL IMPACT
bull The one-year fiscal impact is not-to-exceed $1057962 for the initial three-year term
bull Funding for current and subsequent fiscal years will be allocated from Operations and Maintenance Funds
May 20 2020
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to
bull Approve the recommendation of the ConcessionsProcurement Committee to Award Invitation to Bid No 10-20 Roadway Landscape Maintenance and Irrigation Services at Orlando International Airport to Helping Hand Lawn Care LLC for an initial three-year term with two one-year renewal options
bull Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $1057962 for the initial three-year term of the agreement
bull Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate agreement following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
Financial Update to the Greater Orlando Aviation Authority Board
Post COVID-19
May 20 2020
May 20 2020
COVID-19 Global Pandemic Today
Worldwide people are advised to maintain physical distancing and to avoid nonessential travel to stop spread of the virus
Theme parks closed cruises suspended conventions canceled business travel severely curtailed
Domestic and international flights into and out of MCO have collapsed bull International air travel suspended bull Nearly 1000 daily flights in April 2019 vs less than 200 last month bull 10-15 aircraft load factor (vs nearly 90 pre-Covid) bull Resulting in 95 reduction in passengers nationally and at MCO
May 20 2020 26
- - -
bull --- - -
-----
- - -
MCO Terminal Facilities Terminal Design Capacity and Forecast MAP Originally designed 24 MAP (Million
Annual Passengers) 70
North Terminal Capacity 60 Historical Sep 2019 Forecast Covid-19 Weighted Average Forecast Original Design Capacity NTC Enhanced Design Capacity
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019 as adjusted to reflect revenue passengers only to be consistent with the TAF data) ldquordquo Denotes forecast years for TAF
bull Consolidated rental car operations to A side of terminal and ConsolidatedFIS operations Saving energy and reducing staffing costs
Deferred approximately $286M of Renewal and Replacement projects bull Stopped work on all nonessential consultant and contractor projects
FY 2021 Preliminary Projected Budget Significantly Reduced bull $ 7M Below FY 2019 Budget levels ndash bull $45M or 12 reduction over previous projections (2019 ROAC) bull No new positions for FY 2021 May 20 2020 31
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Reimbursable Grant bull Operating expenses bull Debt service bull Capital expenditures (with additional conditions) bull The airport sponsor must continue to employ through December 31 2020 at least
90 of the number of individuals employed (after making adjustments for retirementsor voluntary employee separations) as of March 27 2020
bull Must spend within four years Blending of grants permitted for Airport Systems
bull MCO - $170 million (Covers less that 13 of 2019 Operating Budget) bull ORL - $69000
US Airport industry asking for additional funding (CARES 20)
May 20 2020 32
Timing of Recovery
Visitor demand to central Florida closely tied to opening of attractions and availability of disposable income
Business travel may lag leisure due to more restrictive company travel policies and adapting to virtual meetings
Several years to return to FY 2019 traffic levels CARES funding needed to sustain MCO though recovery
period to assist in meeting financial obligations bull Operating expenses bull Debt service bull Bond ldquoRate Covenantsrdquo
May 20 2020 33
$170 Million CARES Act Funds will not be enough
Covers less than one-third of annual operating budget In FY 2021 there is over $200M per year in outstanding
debt service supporting our Capital Improvement Program Additional financing of $500M needed to complete funding
of the current $42B Capital Improvement Program if no reductions are made bull Capital market volatility bull Reduced revenue resulting from decline in passenger
traffic
May 20 2020
GOAArsquos Anticipated Use of CARES Act Funds
Strategic use to provide the maximum benefit to both the Aviation Authority and our Partners bull Specific operating expenses including ORL bull Specific debt service payments
2017 Subordinated Bonds to avoid issuance of additional bonds to capitalize interest for deferred opening of the STC
May 20 2020 35
PFC Funding
Collection of $450 per eligible enplaned passenger 44 of the current STC Plan of Finance
Collection of $350 per day up to a maximum of seven days per rental transaction
Used for projects beneficial to Rental Car Companies (5 of current STC Plan of Finance)
CFC Revenues (000s) $50000
$40000
$30000
Weighted Average $20000 Forecast December 2018 Forecast
$10000
$-2018 2019 2020 2021 2022 2023 2024 2025
May 20 2020 37
Revised South Terminal C Phase 1 ndash 15 Gates
bull Given the current economic environment and resulting reduction to passenger demand Aviation Authority Staff and Consultants have performed a detailed review of the work associated with the STC Phase 1 and STC Phase 1 Expansion projects
bull Staff proposes a reduction in scope from 19 gates to 15 gates leaving the remaining 4 gates in the original plan to be constructed when demand warrants the added capacity
bull This approach is consistent with the Aviation Authorityrsquos practice to construct demand-driven facilities
bull The proposed scope reduction will require certain elements originally part of the STC Phase 1 Expansion project to be completed jointly with elements being constructed as part of the STC Phase 1 project
May 20 2020 38
Projected revisions subject to change based on actual negotiated reductions with CMARs
Potential Budget Reductions - STC and Related RAC Projects
4
Description
Estimated Budget Reduction Total
(in millions) - Airside Concourse (ASC) $ (1150)
- Baggage Handling System (BHS) (80)
- Passenger Boarding Bridge (PBB) (75)
- AirfieldApron (185)
- Ground Transportation Facility (GTF) (163)
- Landscaping (79 )
- Roadway Signage (56)
- Fixtures Furniture Equip (FFampE) and IT (80)
- Experimental Media Environment (EME) (33)
- Ground Support Equipment (GSE) (59)
- Employee Parking (20)
- Other (GR Insurance Art Airline Relocation) (280)
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
2019 ROAC
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
Original Design Capacity
NTC Enhanced Design Capacity
Historical
Sep 2019 Forecast
Covid-19 Weighted Average Forecast
Sep 2019 Forecast (ep)
Scen 7 Forecast (ep)
2009
24
40
34
16799
2010
24
40
34
17131
2011
24
40
36
17770
2012
24
40
35
17730
2013
24
40
35
17427
2014
24
40
35
17535
2015
24
40
38
18827
2016
24
40
41
20737
2017
24
40
43
21718
2018
24
40
47
23382
2019
24
40
497
24847
24847
2020
24
40
515
27
25766
13356
2021
24
40
529
25
26428
12655
2022
24
40
542
36
27094
18119
2023
24
40
555
40
27766
19865
2024
24
40
569
45
28428
22440
2025
24
40
582
49
29078
24682
2026
24
40
594
52
29714
25837
2027
24
40
607
53
30361
26384
2028
24
40
620
54
31019
26941
2029
24
40
634
55
31686
27507
2030
24
40
647
56
32364
28082
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
Sep 2019 Forecast
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
BACKGROUND On January 202020 the Aviation Authority issued Invitation to Bid No 10-20 for all
labor and supervision tools and equipment materials and supplies parts plants
fertilizer chemicals mulch and all other items necessary to provide exterior landscape
maintenance and irrigation services of the Heintzelman Road and South Airport
Access landscaped roadway areas at Orlando International Airport The contract is
for a three-year term with two one-year renewal options
May 20 2020
ISSUES On February 18 2020 the Aviation Authority received five bids
bull Helping Hand Lawn Care LLC $138231900 bull Millennium Services of Florida LLC $147142500 bull Carol King Landscape Maintenance Inc $147168000 bull Groundteck of Central Florida Inc $161138700 bull ASI Landscape Management Inc $179560242
Bids are based upon a three year total
May 20 2020
ISSUES
bull Staff and legal counsel reviewed the bids and determined the three lowest bidders to be responsive and responsible bids
bull On March 23 2020 the ConcessionsProcurement Committee approved staffrsquos recommendation to award Purchasing Contract No 10-20 to the lowest responsive and responsible bidder Helping Hand Lawn Care LLC
bull Due to the economic impacts attributable to COVID-19 the contract was reduced to $1057962
May 20 2020
SMALL BUSINESS PARTICIPATION
This Contract includes a Minority and Women Business Enterprise (MWBE) participation goal of 19 and a Local Developing Business (LDB) participation goal of 5
May 20 2020
FISCAL IMPACT
bull The one-year fiscal impact is not-to-exceed $1057962 for the initial three-year term
bull Funding for current and subsequent fiscal years will be allocated from Operations and Maintenance Funds
May 20 2020
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to
bull Approve the recommendation of the ConcessionsProcurement Committee to Award Invitation to Bid No 10-20 Roadway Landscape Maintenance and Irrigation Services at Orlando International Airport to Helping Hand Lawn Care LLC for an initial three-year term with two one-year renewal options
bull Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $1057962 for the initial three-year term of the agreement
bull Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate agreement following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
Financial Update to the Greater Orlando Aviation Authority Board
Post COVID-19
May 20 2020
May 20 2020
COVID-19 Global Pandemic Today
Worldwide people are advised to maintain physical distancing and to avoid nonessential travel to stop spread of the virus
Theme parks closed cruises suspended conventions canceled business travel severely curtailed
Domestic and international flights into and out of MCO have collapsed bull International air travel suspended bull Nearly 1000 daily flights in April 2019 vs less than 200 last month bull 10-15 aircraft load factor (vs nearly 90 pre-Covid) bull Resulting in 95 reduction in passengers nationally and at MCO
May 20 2020 26
- - -
bull --- - -
-----
- - -
MCO Terminal Facilities Terminal Design Capacity and Forecast MAP Originally designed 24 MAP (Million
Annual Passengers) 70
North Terminal Capacity 60 Historical Sep 2019 Forecast Covid-19 Weighted Average Forecast Original Design Capacity NTC Enhanced Design Capacity
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019 as adjusted to reflect revenue passengers only to be consistent with the TAF data) ldquordquo Denotes forecast years for TAF
bull Consolidated rental car operations to A side of terminal and ConsolidatedFIS operations Saving energy and reducing staffing costs
Deferred approximately $286M of Renewal and Replacement projects bull Stopped work on all nonessential consultant and contractor projects
FY 2021 Preliminary Projected Budget Significantly Reduced bull $ 7M Below FY 2019 Budget levels ndash bull $45M or 12 reduction over previous projections (2019 ROAC) bull No new positions for FY 2021 May 20 2020 31
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Reimbursable Grant bull Operating expenses bull Debt service bull Capital expenditures (with additional conditions) bull The airport sponsor must continue to employ through December 31 2020 at least
90 of the number of individuals employed (after making adjustments for retirementsor voluntary employee separations) as of March 27 2020
bull Must spend within four years Blending of grants permitted for Airport Systems
bull MCO - $170 million (Covers less that 13 of 2019 Operating Budget) bull ORL - $69000
US Airport industry asking for additional funding (CARES 20)
May 20 2020 32
Timing of Recovery
Visitor demand to central Florida closely tied to opening of attractions and availability of disposable income
Business travel may lag leisure due to more restrictive company travel policies and adapting to virtual meetings
Several years to return to FY 2019 traffic levels CARES funding needed to sustain MCO though recovery
period to assist in meeting financial obligations bull Operating expenses bull Debt service bull Bond ldquoRate Covenantsrdquo
May 20 2020 33
$170 Million CARES Act Funds will not be enough
Covers less than one-third of annual operating budget In FY 2021 there is over $200M per year in outstanding
debt service supporting our Capital Improvement Program Additional financing of $500M needed to complete funding
of the current $42B Capital Improvement Program if no reductions are made bull Capital market volatility bull Reduced revenue resulting from decline in passenger
traffic
May 20 2020
GOAArsquos Anticipated Use of CARES Act Funds
Strategic use to provide the maximum benefit to both the Aviation Authority and our Partners bull Specific operating expenses including ORL bull Specific debt service payments
2017 Subordinated Bonds to avoid issuance of additional bonds to capitalize interest for deferred opening of the STC
May 20 2020 35
PFC Funding
Collection of $450 per eligible enplaned passenger 44 of the current STC Plan of Finance
Collection of $350 per day up to a maximum of seven days per rental transaction
Used for projects beneficial to Rental Car Companies (5 of current STC Plan of Finance)
CFC Revenues (000s) $50000
$40000
$30000
Weighted Average $20000 Forecast December 2018 Forecast
$10000
$-2018 2019 2020 2021 2022 2023 2024 2025
May 20 2020 37
Revised South Terminal C Phase 1 ndash 15 Gates
bull Given the current economic environment and resulting reduction to passenger demand Aviation Authority Staff and Consultants have performed a detailed review of the work associated with the STC Phase 1 and STC Phase 1 Expansion projects
bull Staff proposes a reduction in scope from 19 gates to 15 gates leaving the remaining 4 gates in the original plan to be constructed when demand warrants the added capacity
bull This approach is consistent with the Aviation Authorityrsquos practice to construct demand-driven facilities
bull The proposed scope reduction will require certain elements originally part of the STC Phase 1 Expansion project to be completed jointly with elements being constructed as part of the STC Phase 1 project
May 20 2020 38
Projected revisions subject to change based on actual negotiated reductions with CMARs
Potential Budget Reductions - STC and Related RAC Projects
4
Description
Estimated Budget Reduction Total
(in millions) - Airside Concourse (ASC) $ (1150)
- Baggage Handling System (BHS) (80)
- Passenger Boarding Bridge (PBB) (75)
- AirfieldApron (185)
- Ground Transportation Facility (GTF) (163)
- Landscaping (79 )
- Roadway Signage (56)
- Fixtures Furniture Equip (FFampE) and IT (80)
- Experimental Media Environment (EME) (33)
- Ground Support Equipment (GSE) (59)
- Employee Parking (20)
- Other (GR Insurance Art Airline Relocation) (280)
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
2019 ROAC
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
Original Design Capacity
NTC Enhanced Design Capacity
Historical
Sep 2019 Forecast
Covid-19 Weighted Average Forecast
Sep 2019 Forecast (ep)
Scen 7 Forecast (ep)
2009
24
40
34
16799
2010
24
40
34
17131
2011
24
40
36
17770
2012
24
40
35
17730
2013
24
40
35
17427
2014
24
40
35
17535
2015
24
40
38
18827
2016
24
40
41
20737
2017
24
40
43
21718
2018
24
40
47
23382
2019
24
40
497
24847
24847
2020
24
40
515
27
25766
13356
2021
24
40
529
25
26428
12655
2022
24
40
542
36
27094
18119
2023
24
40
555
40
27766
19865
2024
24
40
569
45
28428
22440
2025
24
40
582
49
29078
24682
2026
24
40
594
52
29714
25837
2027
24
40
607
53
30361
26384
2028
24
40
620
54
31019
26941
2029
24
40
634
55
31686
27507
2030
24
40
647
56
32364
28082
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
Sep 2019 Forecast
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
ISSUES On February 18 2020 the Aviation Authority received five bids
bull Helping Hand Lawn Care LLC $138231900 bull Millennium Services of Florida LLC $147142500 bull Carol King Landscape Maintenance Inc $147168000 bull Groundteck of Central Florida Inc $161138700 bull ASI Landscape Management Inc $179560242
Bids are based upon a three year total
May 20 2020
ISSUES
bull Staff and legal counsel reviewed the bids and determined the three lowest bidders to be responsive and responsible bids
bull On March 23 2020 the ConcessionsProcurement Committee approved staffrsquos recommendation to award Purchasing Contract No 10-20 to the lowest responsive and responsible bidder Helping Hand Lawn Care LLC
bull Due to the economic impacts attributable to COVID-19 the contract was reduced to $1057962
May 20 2020
SMALL BUSINESS PARTICIPATION
This Contract includes a Minority and Women Business Enterprise (MWBE) participation goal of 19 and a Local Developing Business (LDB) participation goal of 5
May 20 2020
FISCAL IMPACT
bull The one-year fiscal impact is not-to-exceed $1057962 for the initial three-year term
bull Funding for current and subsequent fiscal years will be allocated from Operations and Maintenance Funds
May 20 2020
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to
bull Approve the recommendation of the ConcessionsProcurement Committee to Award Invitation to Bid No 10-20 Roadway Landscape Maintenance and Irrigation Services at Orlando International Airport to Helping Hand Lawn Care LLC for an initial three-year term with two one-year renewal options
bull Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $1057962 for the initial three-year term of the agreement
bull Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate agreement following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
Financial Update to the Greater Orlando Aviation Authority Board
Post COVID-19
May 20 2020
May 20 2020
COVID-19 Global Pandemic Today
Worldwide people are advised to maintain physical distancing and to avoid nonessential travel to stop spread of the virus
Theme parks closed cruises suspended conventions canceled business travel severely curtailed
Domestic and international flights into and out of MCO have collapsed bull International air travel suspended bull Nearly 1000 daily flights in April 2019 vs less than 200 last month bull 10-15 aircraft load factor (vs nearly 90 pre-Covid) bull Resulting in 95 reduction in passengers nationally and at MCO
May 20 2020 26
- - -
bull --- - -
-----
- - -
MCO Terminal Facilities Terminal Design Capacity and Forecast MAP Originally designed 24 MAP (Million
Annual Passengers) 70
North Terminal Capacity 60 Historical Sep 2019 Forecast Covid-19 Weighted Average Forecast Original Design Capacity NTC Enhanced Design Capacity
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019 as adjusted to reflect revenue passengers only to be consistent with the TAF data) ldquordquo Denotes forecast years for TAF
bull Consolidated rental car operations to A side of terminal and ConsolidatedFIS operations Saving energy and reducing staffing costs
Deferred approximately $286M of Renewal and Replacement projects bull Stopped work on all nonessential consultant and contractor projects
FY 2021 Preliminary Projected Budget Significantly Reduced bull $ 7M Below FY 2019 Budget levels ndash bull $45M or 12 reduction over previous projections (2019 ROAC) bull No new positions for FY 2021 May 20 2020 31
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Reimbursable Grant bull Operating expenses bull Debt service bull Capital expenditures (with additional conditions) bull The airport sponsor must continue to employ through December 31 2020 at least
90 of the number of individuals employed (after making adjustments for retirementsor voluntary employee separations) as of March 27 2020
bull Must spend within four years Blending of grants permitted for Airport Systems
bull MCO - $170 million (Covers less that 13 of 2019 Operating Budget) bull ORL - $69000
US Airport industry asking for additional funding (CARES 20)
May 20 2020 32
Timing of Recovery
Visitor demand to central Florida closely tied to opening of attractions and availability of disposable income
Business travel may lag leisure due to more restrictive company travel policies and adapting to virtual meetings
Several years to return to FY 2019 traffic levels CARES funding needed to sustain MCO though recovery
period to assist in meeting financial obligations bull Operating expenses bull Debt service bull Bond ldquoRate Covenantsrdquo
May 20 2020 33
$170 Million CARES Act Funds will not be enough
Covers less than one-third of annual operating budget In FY 2021 there is over $200M per year in outstanding
debt service supporting our Capital Improvement Program Additional financing of $500M needed to complete funding
of the current $42B Capital Improvement Program if no reductions are made bull Capital market volatility bull Reduced revenue resulting from decline in passenger
traffic
May 20 2020
GOAArsquos Anticipated Use of CARES Act Funds
Strategic use to provide the maximum benefit to both the Aviation Authority and our Partners bull Specific operating expenses including ORL bull Specific debt service payments
2017 Subordinated Bonds to avoid issuance of additional bonds to capitalize interest for deferred opening of the STC
May 20 2020 35
PFC Funding
Collection of $450 per eligible enplaned passenger 44 of the current STC Plan of Finance
Collection of $350 per day up to a maximum of seven days per rental transaction
Used for projects beneficial to Rental Car Companies (5 of current STC Plan of Finance)
CFC Revenues (000s) $50000
$40000
$30000
Weighted Average $20000 Forecast December 2018 Forecast
$10000
$-2018 2019 2020 2021 2022 2023 2024 2025
May 20 2020 37
Revised South Terminal C Phase 1 ndash 15 Gates
bull Given the current economic environment and resulting reduction to passenger demand Aviation Authority Staff and Consultants have performed a detailed review of the work associated with the STC Phase 1 and STC Phase 1 Expansion projects
bull Staff proposes a reduction in scope from 19 gates to 15 gates leaving the remaining 4 gates in the original plan to be constructed when demand warrants the added capacity
bull This approach is consistent with the Aviation Authorityrsquos practice to construct demand-driven facilities
bull The proposed scope reduction will require certain elements originally part of the STC Phase 1 Expansion project to be completed jointly with elements being constructed as part of the STC Phase 1 project
May 20 2020 38
Projected revisions subject to change based on actual negotiated reductions with CMARs
Potential Budget Reductions - STC and Related RAC Projects
4
Description
Estimated Budget Reduction Total
(in millions) - Airside Concourse (ASC) $ (1150)
- Baggage Handling System (BHS) (80)
- Passenger Boarding Bridge (PBB) (75)
- AirfieldApron (185)
- Ground Transportation Facility (GTF) (163)
- Landscaping (79 )
- Roadway Signage (56)
- Fixtures Furniture Equip (FFampE) and IT (80)
- Experimental Media Environment (EME) (33)
- Ground Support Equipment (GSE) (59)
- Employee Parking (20)
- Other (GR Insurance Art Airline Relocation) (280)
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
2019 ROAC
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
Original Design Capacity
NTC Enhanced Design Capacity
Historical
Sep 2019 Forecast
Covid-19 Weighted Average Forecast
Sep 2019 Forecast (ep)
Scen 7 Forecast (ep)
2009
24
40
34
16799
2010
24
40
34
17131
2011
24
40
36
17770
2012
24
40
35
17730
2013
24
40
35
17427
2014
24
40
35
17535
2015
24
40
38
18827
2016
24
40
41
20737
2017
24
40
43
21718
2018
24
40
47
23382
2019
24
40
497
24847
24847
2020
24
40
515
27
25766
13356
2021
24
40
529
25
26428
12655
2022
24
40
542
36
27094
18119
2023
24
40
555
40
27766
19865
2024
24
40
569
45
28428
22440
2025
24
40
582
49
29078
24682
2026
24
40
594
52
29714
25837
2027
24
40
607
53
30361
26384
2028
24
40
620
54
31019
26941
2029
24
40
634
55
31686
27507
2030
24
40
647
56
32364
28082
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
Sep 2019 Forecast
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
ISSUES
bull Staff and legal counsel reviewed the bids and determined the three lowest bidders to be responsive and responsible bids
bull On March 23 2020 the ConcessionsProcurement Committee approved staffrsquos recommendation to award Purchasing Contract No 10-20 to the lowest responsive and responsible bidder Helping Hand Lawn Care LLC
bull Due to the economic impacts attributable to COVID-19 the contract was reduced to $1057962
May 20 2020
SMALL BUSINESS PARTICIPATION
This Contract includes a Minority and Women Business Enterprise (MWBE) participation goal of 19 and a Local Developing Business (LDB) participation goal of 5
May 20 2020
FISCAL IMPACT
bull The one-year fiscal impact is not-to-exceed $1057962 for the initial three-year term
bull Funding for current and subsequent fiscal years will be allocated from Operations and Maintenance Funds
May 20 2020
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to
bull Approve the recommendation of the ConcessionsProcurement Committee to Award Invitation to Bid No 10-20 Roadway Landscape Maintenance and Irrigation Services at Orlando International Airport to Helping Hand Lawn Care LLC for an initial three-year term with two one-year renewal options
bull Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $1057962 for the initial three-year term of the agreement
bull Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate agreement following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
Financial Update to the Greater Orlando Aviation Authority Board
Post COVID-19
May 20 2020
May 20 2020
COVID-19 Global Pandemic Today
Worldwide people are advised to maintain physical distancing and to avoid nonessential travel to stop spread of the virus
Theme parks closed cruises suspended conventions canceled business travel severely curtailed
Domestic and international flights into and out of MCO have collapsed bull International air travel suspended bull Nearly 1000 daily flights in April 2019 vs less than 200 last month bull 10-15 aircraft load factor (vs nearly 90 pre-Covid) bull Resulting in 95 reduction in passengers nationally and at MCO
May 20 2020 26
- - -
bull --- - -
-----
- - -
MCO Terminal Facilities Terminal Design Capacity and Forecast MAP Originally designed 24 MAP (Million
Annual Passengers) 70
North Terminal Capacity 60 Historical Sep 2019 Forecast Covid-19 Weighted Average Forecast Original Design Capacity NTC Enhanced Design Capacity
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019 as adjusted to reflect revenue passengers only to be consistent with the TAF data) ldquordquo Denotes forecast years for TAF
bull Consolidated rental car operations to A side of terminal and ConsolidatedFIS operations Saving energy and reducing staffing costs
Deferred approximately $286M of Renewal and Replacement projects bull Stopped work on all nonessential consultant and contractor projects
FY 2021 Preliminary Projected Budget Significantly Reduced bull $ 7M Below FY 2019 Budget levels ndash bull $45M or 12 reduction over previous projections (2019 ROAC) bull No new positions for FY 2021 May 20 2020 31
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Reimbursable Grant bull Operating expenses bull Debt service bull Capital expenditures (with additional conditions) bull The airport sponsor must continue to employ through December 31 2020 at least
90 of the number of individuals employed (after making adjustments for retirementsor voluntary employee separations) as of March 27 2020
bull Must spend within four years Blending of grants permitted for Airport Systems
bull MCO - $170 million (Covers less that 13 of 2019 Operating Budget) bull ORL - $69000
US Airport industry asking for additional funding (CARES 20)
May 20 2020 32
Timing of Recovery
Visitor demand to central Florida closely tied to opening of attractions and availability of disposable income
Business travel may lag leisure due to more restrictive company travel policies and adapting to virtual meetings
Several years to return to FY 2019 traffic levels CARES funding needed to sustain MCO though recovery
period to assist in meeting financial obligations bull Operating expenses bull Debt service bull Bond ldquoRate Covenantsrdquo
May 20 2020 33
$170 Million CARES Act Funds will not be enough
Covers less than one-third of annual operating budget In FY 2021 there is over $200M per year in outstanding
debt service supporting our Capital Improvement Program Additional financing of $500M needed to complete funding
of the current $42B Capital Improvement Program if no reductions are made bull Capital market volatility bull Reduced revenue resulting from decline in passenger
traffic
May 20 2020
GOAArsquos Anticipated Use of CARES Act Funds
Strategic use to provide the maximum benefit to both the Aviation Authority and our Partners bull Specific operating expenses including ORL bull Specific debt service payments
2017 Subordinated Bonds to avoid issuance of additional bonds to capitalize interest for deferred opening of the STC
May 20 2020 35
PFC Funding
Collection of $450 per eligible enplaned passenger 44 of the current STC Plan of Finance
Collection of $350 per day up to a maximum of seven days per rental transaction
Used for projects beneficial to Rental Car Companies (5 of current STC Plan of Finance)
CFC Revenues (000s) $50000
$40000
$30000
Weighted Average $20000 Forecast December 2018 Forecast
$10000
$-2018 2019 2020 2021 2022 2023 2024 2025
May 20 2020 37
Revised South Terminal C Phase 1 ndash 15 Gates
bull Given the current economic environment and resulting reduction to passenger demand Aviation Authority Staff and Consultants have performed a detailed review of the work associated with the STC Phase 1 and STC Phase 1 Expansion projects
bull Staff proposes a reduction in scope from 19 gates to 15 gates leaving the remaining 4 gates in the original plan to be constructed when demand warrants the added capacity
bull This approach is consistent with the Aviation Authorityrsquos practice to construct demand-driven facilities
bull The proposed scope reduction will require certain elements originally part of the STC Phase 1 Expansion project to be completed jointly with elements being constructed as part of the STC Phase 1 project
May 20 2020 38
Projected revisions subject to change based on actual negotiated reductions with CMARs
Potential Budget Reductions - STC and Related RAC Projects
4
Description
Estimated Budget Reduction Total
(in millions) - Airside Concourse (ASC) $ (1150)
- Baggage Handling System (BHS) (80)
- Passenger Boarding Bridge (PBB) (75)
- AirfieldApron (185)
- Ground Transportation Facility (GTF) (163)
- Landscaping (79 )
- Roadway Signage (56)
- Fixtures Furniture Equip (FFampE) and IT (80)
- Experimental Media Environment (EME) (33)
- Ground Support Equipment (GSE) (59)
- Employee Parking (20)
- Other (GR Insurance Art Airline Relocation) (280)
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
2019 ROAC
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
Original Design Capacity
NTC Enhanced Design Capacity
Historical
Sep 2019 Forecast
Covid-19 Weighted Average Forecast
Sep 2019 Forecast (ep)
Scen 7 Forecast (ep)
2009
24
40
34
16799
2010
24
40
34
17131
2011
24
40
36
17770
2012
24
40
35
17730
2013
24
40
35
17427
2014
24
40
35
17535
2015
24
40
38
18827
2016
24
40
41
20737
2017
24
40
43
21718
2018
24
40
47
23382
2019
24
40
497
24847
24847
2020
24
40
515
27
25766
13356
2021
24
40
529
25
26428
12655
2022
24
40
542
36
27094
18119
2023
24
40
555
40
27766
19865
2024
24
40
569
45
28428
22440
2025
24
40
582
49
29078
24682
2026
24
40
594
52
29714
25837
2027
24
40
607
53
30361
26384
2028
24
40
620
54
31019
26941
2029
24
40
634
55
31686
27507
2030
24
40
647
56
32364
28082
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
Sep 2019 Forecast
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
SMALL BUSINESS PARTICIPATION
This Contract includes a Minority and Women Business Enterprise (MWBE) participation goal of 19 and a Local Developing Business (LDB) participation goal of 5
May 20 2020
FISCAL IMPACT
bull The one-year fiscal impact is not-to-exceed $1057962 for the initial three-year term
bull Funding for current and subsequent fiscal years will be allocated from Operations and Maintenance Funds
May 20 2020
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to
bull Approve the recommendation of the ConcessionsProcurement Committee to Award Invitation to Bid No 10-20 Roadway Landscape Maintenance and Irrigation Services at Orlando International Airport to Helping Hand Lawn Care LLC for an initial three-year term with two one-year renewal options
bull Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $1057962 for the initial three-year term of the agreement
bull Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate agreement following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
Financial Update to the Greater Orlando Aviation Authority Board
Post COVID-19
May 20 2020
May 20 2020
COVID-19 Global Pandemic Today
Worldwide people are advised to maintain physical distancing and to avoid nonessential travel to stop spread of the virus
Theme parks closed cruises suspended conventions canceled business travel severely curtailed
Domestic and international flights into and out of MCO have collapsed bull International air travel suspended bull Nearly 1000 daily flights in April 2019 vs less than 200 last month bull 10-15 aircraft load factor (vs nearly 90 pre-Covid) bull Resulting in 95 reduction in passengers nationally and at MCO
May 20 2020 26
- - -
bull --- - -
-----
- - -
MCO Terminal Facilities Terminal Design Capacity and Forecast MAP Originally designed 24 MAP (Million
Annual Passengers) 70
North Terminal Capacity 60 Historical Sep 2019 Forecast Covid-19 Weighted Average Forecast Original Design Capacity NTC Enhanced Design Capacity
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019 as adjusted to reflect revenue passengers only to be consistent with the TAF data) ldquordquo Denotes forecast years for TAF
bull Consolidated rental car operations to A side of terminal and ConsolidatedFIS operations Saving energy and reducing staffing costs
Deferred approximately $286M of Renewal and Replacement projects bull Stopped work on all nonessential consultant and contractor projects
FY 2021 Preliminary Projected Budget Significantly Reduced bull $ 7M Below FY 2019 Budget levels ndash bull $45M or 12 reduction over previous projections (2019 ROAC) bull No new positions for FY 2021 May 20 2020 31
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Reimbursable Grant bull Operating expenses bull Debt service bull Capital expenditures (with additional conditions) bull The airport sponsor must continue to employ through December 31 2020 at least
90 of the number of individuals employed (after making adjustments for retirementsor voluntary employee separations) as of March 27 2020
bull Must spend within four years Blending of grants permitted for Airport Systems
bull MCO - $170 million (Covers less that 13 of 2019 Operating Budget) bull ORL - $69000
US Airport industry asking for additional funding (CARES 20)
May 20 2020 32
Timing of Recovery
Visitor demand to central Florida closely tied to opening of attractions and availability of disposable income
Business travel may lag leisure due to more restrictive company travel policies and adapting to virtual meetings
Several years to return to FY 2019 traffic levels CARES funding needed to sustain MCO though recovery
period to assist in meeting financial obligations bull Operating expenses bull Debt service bull Bond ldquoRate Covenantsrdquo
May 20 2020 33
$170 Million CARES Act Funds will not be enough
Covers less than one-third of annual operating budget In FY 2021 there is over $200M per year in outstanding
debt service supporting our Capital Improvement Program Additional financing of $500M needed to complete funding
of the current $42B Capital Improvement Program if no reductions are made bull Capital market volatility bull Reduced revenue resulting from decline in passenger
traffic
May 20 2020
GOAArsquos Anticipated Use of CARES Act Funds
Strategic use to provide the maximum benefit to both the Aviation Authority and our Partners bull Specific operating expenses including ORL bull Specific debt service payments
2017 Subordinated Bonds to avoid issuance of additional bonds to capitalize interest for deferred opening of the STC
May 20 2020 35
PFC Funding
Collection of $450 per eligible enplaned passenger 44 of the current STC Plan of Finance
Collection of $350 per day up to a maximum of seven days per rental transaction
Used for projects beneficial to Rental Car Companies (5 of current STC Plan of Finance)
CFC Revenues (000s) $50000
$40000
$30000
Weighted Average $20000 Forecast December 2018 Forecast
$10000
$-2018 2019 2020 2021 2022 2023 2024 2025
May 20 2020 37
Revised South Terminal C Phase 1 ndash 15 Gates
bull Given the current economic environment and resulting reduction to passenger demand Aviation Authority Staff and Consultants have performed a detailed review of the work associated with the STC Phase 1 and STC Phase 1 Expansion projects
bull Staff proposes a reduction in scope from 19 gates to 15 gates leaving the remaining 4 gates in the original plan to be constructed when demand warrants the added capacity
bull This approach is consistent with the Aviation Authorityrsquos practice to construct demand-driven facilities
bull The proposed scope reduction will require certain elements originally part of the STC Phase 1 Expansion project to be completed jointly with elements being constructed as part of the STC Phase 1 project
May 20 2020 38
Projected revisions subject to change based on actual negotiated reductions with CMARs
Potential Budget Reductions - STC and Related RAC Projects
4
Description
Estimated Budget Reduction Total
(in millions) - Airside Concourse (ASC) $ (1150)
- Baggage Handling System (BHS) (80)
- Passenger Boarding Bridge (PBB) (75)
- AirfieldApron (185)
- Ground Transportation Facility (GTF) (163)
- Landscaping (79 )
- Roadway Signage (56)
- Fixtures Furniture Equip (FFampE) and IT (80)
- Experimental Media Environment (EME) (33)
- Ground Support Equipment (GSE) (59)
- Employee Parking (20)
- Other (GR Insurance Art Airline Relocation) (280)
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
2019 ROAC
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
Original Design Capacity
NTC Enhanced Design Capacity
Historical
Sep 2019 Forecast
Covid-19 Weighted Average Forecast
Sep 2019 Forecast (ep)
Scen 7 Forecast (ep)
2009
24
40
34
16799
2010
24
40
34
17131
2011
24
40
36
17770
2012
24
40
35
17730
2013
24
40
35
17427
2014
24
40
35
17535
2015
24
40
38
18827
2016
24
40
41
20737
2017
24
40
43
21718
2018
24
40
47
23382
2019
24
40
497
24847
24847
2020
24
40
515
27
25766
13356
2021
24
40
529
25
26428
12655
2022
24
40
542
36
27094
18119
2023
24
40
555
40
27766
19865
2024
24
40
569
45
28428
22440
2025
24
40
582
49
29078
24682
2026
24
40
594
52
29714
25837
2027
24
40
607
53
30361
26384
2028
24
40
620
54
31019
26941
2029
24
40
634
55
31686
27507
2030
24
40
647
56
32364
28082
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
Sep 2019 Forecast
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
FISCAL IMPACT
bull The one-year fiscal impact is not-to-exceed $1057962 for the initial three-year term
bull Funding for current and subsequent fiscal years will be allocated from Operations and Maintenance Funds
May 20 2020
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to
bull Approve the recommendation of the ConcessionsProcurement Committee to Award Invitation to Bid No 10-20 Roadway Landscape Maintenance and Irrigation Services at Orlando International Airport to Helping Hand Lawn Care LLC for an initial three-year term with two one-year renewal options
bull Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $1057962 for the initial three-year term of the agreement
bull Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate agreement following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
Financial Update to the Greater Orlando Aviation Authority Board
Post COVID-19
May 20 2020
May 20 2020
COVID-19 Global Pandemic Today
Worldwide people are advised to maintain physical distancing and to avoid nonessential travel to stop spread of the virus
Theme parks closed cruises suspended conventions canceled business travel severely curtailed
Domestic and international flights into and out of MCO have collapsed bull International air travel suspended bull Nearly 1000 daily flights in April 2019 vs less than 200 last month bull 10-15 aircraft load factor (vs nearly 90 pre-Covid) bull Resulting in 95 reduction in passengers nationally and at MCO
May 20 2020 26
- - -
bull --- - -
-----
- - -
MCO Terminal Facilities Terminal Design Capacity and Forecast MAP Originally designed 24 MAP (Million
Annual Passengers) 70
North Terminal Capacity 60 Historical Sep 2019 Forecast Covid-19 Weighted Average Forecast Original Design Capacity NTC Enhanced Design Capacity
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019 as adjusted to reflect revenue passengers only to be consistent with the TAF data) ldquordquo Denotes forecast years for TAF
bull Consolidated rental car operations to A side of terminal and ConsolidatedFIS operations Saving energy and reducing staffing costs
Deferred approximately $286M of Renewal and Replacement projects bull Stopped work on all nonessential consultant and contractor projects
FY 2021 Preliminary Projected Budget Significantly Reduced bull $ 7M Below FY 2019 Budget levels ndash bull $45M or 12 reduction over previous projections (2019 ROAC) bull No new positions for FY 2021 May 20 2020 31
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Reimbursable Grant bull Operating expenses bull Debt service bull Capital expenditures (with additional conditions) bull The airport sponsor must continue to employ through December 31 2020 at least
90 of the number of individuals employed (after making adjustments for retirementsor voluntary employee separations) as of March 27 2020
bull Must spend within four years Blending of grants permitted for Airport Systems
bull MCO - $170 million (Covers less that 13 of 2019 Operating Budget) bull ORL - $69000
US Airport industry asking for additional funding (CARES 20)
May 20 2020 32
Timing of Recovery
Visitor demand to central Florida closely tied to opening of attractions and availability of disposable income
Business travel may lag leisure due to more restrictive company travel policies and adapting to virtual meetings
Several years to return to FY 2019 traffic levels CARES funding needed to sustain MCO though recovery
period to assist in meeting financial obligations bull Operating expenses bull Debt service bull Bond ldquoRate Covenantsrdquo
May 20 2020 33
$170 Million CARES Act Funds will not be enough
Covers less than one-third of annual operating budget In FY 2021 there is over $200M per year in outstanding
debt service supporting our Capital Improvement Program Additional financing of $500M needed to complete funding
of the current $42B Capital Improvement Program if no reductions are made bull Capital market volatility bull Reduced revenue resulting from decline in passenger
traffic
May 20 2020
GOAArsquos Anticipated Use of CARES Act Funds
Strategic use to provide the maximum benefit to both the Aviation Authority and our Partners bull Specific operating expenses including ORL bull Specific debt service payments
2017 Subordinated Bonds to avoid issuance of additional bonds to capitalize interest for deferred opening of the STC
May 20 2020 35
PFC Funding
Collection of $450 per eligible enplaned passenger 44 of the current STC Plan of Finance
Collection of $350 per day up to a maximum of seven days per rental transaction
Used for projects beneficial to Rental Car Companies (5 of current STC Plan of Finance)
CFC Revenues (000s) $50000
$40000
$30000
Weighted Average $20000 Forecast December 2018 Forecast
$10000
$-2018 2019 2020 2021 2022 2023 2024 2025
May 20 2020 37
Revised South Terminal C Phase 1 ndash 15 Gates
bull Given the current economic environment and resulting reduction to passenger demand Aviation Authority Staff and Consultants have performed a detailed review of the work associated with the STC Phase 1 and STC Phase 1 Expansion projects
bull Staff proposes a reduction in scope from 19 gates to 15 gates leaving the remaining 4 gates in the original plan to be constructed when demand warrants the added capacity
bull This approach is consistent with the Aviation Authorityrsquos practice to construct demand-driven facilities
bull The proposed scope reduction will require certain elements originally part of the STC Phase 1 Expansion project to be completed jointly with elements being constructed as part of the STC Phase 1 project
May 20 2020 38
Projected revisions subject to change based on actual negotiated reductions with CMARs
Potential Budget Reductions - STC and Related RAC Projects
4
Description
Estimated Budget Reduction Total
(in millions) - Airside Concourse (ASC) $ (1150)
- Baggage Handling System (BHS) (80)
- Passenger Boarding Bridge (PBB) (75)
- AirfieldApron (185)
- Ground Transportation Facility (GTF) (163)
- Landscaping (79 )
- Roadway Signage (56)
- Fixtures Furniture Equip (FFampE) and IT (80)
- Experimental Media Environment (EME) (33)
- Ground Support Equipment (GSE) (59)
- Employee Parking (20)
- Other (GR Insurance Art Airline Relocation) (280)
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
2019 ROAC
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
Original Design Capacity
NTC Enhanced Design Capacity
Historical
Sep 2019 Forecast
Covid-19 Weighted Average Forecast
Sep 2019 Forecast (ep)
Scen 7 Forecast (ep)
2009
24
40
34
16799
2010
24
40
34
17131
2011
24
40
36
17770
2012
24
40
35
17730
2013
24
40
35
17427
2014
24
40
35
17535
2015
24
40
38
18827
2016
24
40
41
20737
2017
24
40
43
21718
2018
24
40
47
23382
2019
24
40
497
24847
24847
2020
24
40
515
27
25766
13356
2021
24
40
529
25
26428
12655
2022
24
40
542
36
27094
18119
2023
24
40
555
40
27766
19865
2024
24
40
569
45
28428
22440
2025
24
40
582
49
29078
24682
2026
24
40
594
52
29714
25837
2027
24
40
607
53
30361
26384
2028
24
40
620
54
31019
26941
2029
24
40
634
55
31686
27507
2030
24
40
647
56
32364
28082
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
Sep 2019 Forecast
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
RECOMMENDED ACTION It is respectfully requested that the Aviation Authority Board resolve to
bull Approve the recommendation of the ConcessionsProcurement Committee to Award Invitation to Bid No 10-20 Roadway Landscape Maintenance and Irrigation Services at Orlando International Airport to Helping Hand Lawn Care LLC for an initial three-year term with two one-year renewal options
bull Authorize funding from the Operations and Maintenance Fund in the amount not-to-exceed $1057962 for the initial three-year term of the agreement
bull Authorize an Aviation Authority Officer or the Chief Executive Officer to execute the appropriate agreement following satisfactory review by legal counsel
May 20 2020
QUESTIONS
May 20 2020
Financial Update to the Greater Orlando Aviation Authority Board
Post COVID-19
May 20 2020
May 20 2020
COVID-19 Global Pandemic Today
Worldwide people are advised to maintain physical distancing and to avoid nonessential travel to stop spread of the virus
Theme parks closed cruises suspended conventions canceled business travel severely curtailed
Domestic and international flights into and out of MCO have collapsed bull International air travel suspended bull Nearly 1000 daily flights in April 2019 vs less than 200 last month bull 10-15 aircraft load factor (vs nearly 90 pre-Covid) bull Resulting in 95 reduction in passengers nationally and at MCO
May 20 2020 26
- - -
bull --- - -
-----
- - -
MCO Terminal Facilities Terminal Design Capacity and Forecast MAP Originally designed 24 MAP (Million
Annual Passengers) 70
North Terminal Capacity 60 Historical Sep 2019 Forecast Covid-19 Weighted Average Forecast Original Design Capacity NTC Enhanced Design Capacity
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019 as adjusted to reflect revenue passengers only to be consistent with the TAF data) ldquordquo Denotes forecast years for TAF
bull Consolidated rental car operations to A side of terminal and ConsolidatedFIS operations Saving energy and reducing staffing costs
Deferred approximately $286M of Renewal and Replacement projects bull Stopped work on all nonessential consultant and contractor projects
FY 2021 Preliminary Projected Budget Significantly Reduced bull $ 7M Below FY 2019 Budget levels ndash bull $45M or 12 reduction over previous projections (2019 ROAC) bull No new positions for FY 2021 May 20 2020 31
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Reimbursable Grant bull Operating expenses bull Debt service bull Capital expenditures (with additional conditions) bull The airport sponsor must continue to employ through December 31 2020 at least
90 of the number of individuals employed (after making adjustments for retirementsor voluntary employee separations) as of March 27 2020
bull Must spend within four years Blending of grants permitted for Airport Systems
bull MCO - $170 million (Covers less that 13 of 2019 Operating Budget) bull ORL - $69000
US Airport industry asking for additional funding (CARES 20)
May 20 2020 32
Timing of Recovery
Visitor demand to central Florida closely tied to opening of attractions and availability of disposable income
Business travel may lag leisure due to more restrictive company travel policies and adapting to virtual meetings
Several years to return to FY 2019 traffic levels CARES funding needed to sustain MCO though recovery
period to assist in meeting financial obligations bull Operating expenses bull Debt service bull Bond ldquoRate Covenantsrdquo
May 20 2020 33
$170 Million CARES Act Funds will not be enough
Covers less than one-third of annual operating budget In FY 2021 there is over $200M per year in outstanding
debt service supporting our Capital Improvement Program Additional financing of $500M needed to complete funding
of the current $42B Capital Improvement Program if no reductions are made bull Capital market volatility bull Reduced revenue resulting from decline in passenger
traffic
May 20 2020
GOAArsquos Anticipated Use of CARES Act Funds
Strategic use to provide the maximum benefit to both the Aviation Authority and our Partners bull Specific operating expenses including ORL bull Specific debt service payments
2017 Subordinated Bonds to avoid issuance of additional bonds to capitalize interest for deferred opening of the STC
May 20 2020 35
PFC Funding
Collection of $450 per eligible enplaned passenger 44 of the current STC Plan of Finance
Collection of $350 per day up to a maximum of seven days per rental transaction
Used for projects beneficial to Rental Car Companies (5 of current STC Plan of Finance)
CFC Revenues (000s) $50000
$40000
$30000
Weighted Average $20000 Forecast December 2018 Forecast
$10000
$-2018 2019 2020 2021 2022 2023 2024 2025
May 20 2020 37
Revised South Terminal C Phase 1 ndash 15 Gates
bull Given the current economic environment and resulting reduction to passenger demand Aviation Authority Staff and Consultants have performed a detailed review of the work associated with the STC Phase 1 and STC Phase 1 Expansion projects
bull Staff proposes a reduction in scope from 19 gates to 15 gates leaving the remaining 4 gates in the original plan to be constructed when demand warrants the added capacity
bull This approach is consistent with the Aviation Authorityrsquos practice to construct demand-driven facilities
bull The proposed scope reduction will require certain elements originally part of the STC Phase 1 Expansion project to be completed jointly with elements being constructed as part of the STC Phase 1 project
May 20 2020 38
Projected revisions subject to change based on actual negotiated reductions with CMARs
Potential Budget Reductions - STC and Related RAC Projects
4
Description
Estimated Budget Reduction Total
(in millions) - Airside Concourse (ASC) $ (1150)
- Baggage Handling System (BHS) (80)
- Passenger Boarding Bridge (PBB) (75)
- AirfieldApron (185)
- Ground Transportation Facility (GTF) (163)
- Landscaping (79 )
- Roadway Signage (56)
- Fixtures Furniture Equip (FFampE) and IT (80)
- Experimental Media Environment (EME) (33)
- Ground Support Equipment (GSE) (59)
- Employee Parking (20)
- Other (GR Insurance Art Airline Relocation) (280)
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
2019 ROAC
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
Original Design Capacity
NTC Enhanced Design Capacity
Historical
Sep 2019 Forecast
Covid-19 Weighted Average Forecast
Sep 2019 Forecast (ep)
Scen 7 Forecast (ep)
2009
24
40
34
16799
2010
24
40
34
17131
2011
24
40
36
17770
2012
24
40
35
17730
2013
24
40
35
17427
2014
24
40
35
17535
2015
24
40
38
18827
2016
24
40
41
20737
2017
24
40
43
21718
2018
24
40
47
23382
2019
24
40
497
24847
24847
2020
24
40
515
27
25766
13356
2021
24
40
529
25
26428
12655
2022
24
40
542
36
27094
18119
2023
24
40
555
40
27766
19865
2024
24
40
569
45
28428
22440
2025
24
40
582
49
29078
24682
2026
24
40
594
52
29714
25837
2027
24
40
607
53
30361
26384
2028
24
40
620
54
31019
26941
2029
24
40
634
55
31686
27507
2030
24
40
647
56
32364
28082
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
Sep 2019 Forecast
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
QUESTIONS
May 20 2020
Financial Update to the Greater Orlando Aviation Authority Board
Post COVID-19
May 20 2020
May 20 2020
COVID-19 Global Pandemic Today
Worldwide people are advised to maintain physical distancing and to avoid nonessential travel to stop spread of the virus
Theme parks closed cruises suspended conventions canceled business travel severely curtailed
Domestic and international flights into and out of MCO have collapsed bull International air travel suspended bull Nearly 1000 daily flights in April 2019 vs less than 200 last month bull 10-15 aircraft load factor (vs nearly 90 pre-Covid) bull Resulting in 95 reduction in passengers nationally and at MCO
May 20 2020 26
- - -
bull --- - -
-----
- - -
MCO Terminal Facilities Terminal Design Capacity and Forecast MAP Originally designed 24 MAP (Million
Annual Passengers) 70
North Terminal Capacity 60 Historical Sep 2019 Forecast Covid-19 Weighted Average Forecast Original Design Capacity NTC Enhanced Design Capacity
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019 as adjusted to reflect revenue passengers only to be consistent with the TAF data) ldquordquo Denotes forecast years for TAF
bull Consolidated rental car operations to A side of terminal and ConsolidatedFIS operations Saving energy and reducing staffing costs
Deferred approximately $286M of Renewal and Replacement projects bull Stopped work on all nonessential consultant and contractor projects
FY 2021 Preliminary Projected Budget Significantly Reduced bull $ 7M Below FY 2019 Budget levels ndash bull $45M or 12 reduction over previous projections (2019 ROAC) bull No new positions for FY 2021 May 20 2020 31
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Reimbursable Grant bull Operating expenses bull Debt service bull Capital expenditures (with additional conditions) bull The airport sponsor must continue to employ through December 31 2020 at least
90 of the number of individuals employed (after making adjustments for retirementsor voluntary employee separations) as of March 27 2020
bull Must spend within four years Blending of grants permitted for Airport Systems
bull MCO - $170 million (Covers less that 13 of 2019 Operating Budget) bull ORL - $69000
US Airport industry asking for additional funding (CARES 20)
May 20 2020 32
Timing of Recovery
Visitor demand to central Florida closely tied to opening of attractions and availability of disposable income
Business travel may lag leisure due to more restrictive company travel policies and adapting to virtual meetings
Several years to return to FY 2019 traffic levels CARES funding needed to sustain MCO though recovery
period to assist in meeting financial obligations bull Operating expenses bull Debt service bull Bond ldquoRate Covenantsrdquo
May 20 2020 33
$170 Million CARES Act Funds will not be enough
Covers less than one-third of annual operating budget In FY 2021 there is over $200M per year in outstanding
debt service supporting our Capital Improvement Program Additional financing of $500M needed to complete funding
of the current $42B Capital Improvement Program if no reductions are made bull Capital market volatility bull Reduced revenue resulting from decline in passenger
traffic
May 20 2020
GOAArsquos Anticipated Use of CARES Act Funds
Strategic use to provide the maximum benefit to both the Aviation Authority and our Partners bull Specific operating expenses including ORL bull Specific debt service payments
2017 Subordinated Bonds to avoid issuance of additional bonds to capitalize interest for deferred opening of the STC
May 20 2020 35
PFC Funding
Collection of $450 per eligible enplaned passenger 44 of the current STC Plan of Finance
Collection of $350 per day up to a maximum of seven days per rental transaction
Used for projects beneficial to Rental Car Companies (5 of current STC Plan of Finance)
CFC Revenues (000s) $50000
$40000
$30000
Weighted Average $20000 Forecast December 2018 Forecast
$10000
$-2018 2019 2020 2021 2022 2023 2024 2025
May 20 2020 37
Revised South Terminal C Phase 1 ndash 15 Gates
bull Given the current economic environment and resulting reduction to passenger demand Aviation Authority Staff and Consultants have performed a detailed review of the work associated with the STC Phase 1 and STC Phase 1 Expansion projects
bull Staff proposes a reduction in scope from 19 gates to 15 gates leaving the remaining 4 gates in the original plan to be constructed when demand warrants the added capacity
bull This approach is consistent with the Aviation Authorityrsquos practice to construct demand-driven facilities
bull The proposed scope reduction will require certain elements originally part of the STC Phase 1 Expansion project to be completed jointly with elements being constructed as part of the STC Phase 1 project
May 20 2020 38
Projected revisions subject to change based on actual negotiated reductions with CMARs
Potential Budget Reductions - STC and Related RAC Projects
4
Description
Estimated Budget Reduction Total
(in millions) - Airside Concourse (ASC) $ (1150)
- Baggage Handling System (BHS) (80)
- Passenger Boarding Bridge (PBB) (75)
- AirfieldApron (185)
- Ground Transportation Facility (GTF) (163)
- Landscaping (79 )
- Roadway Signage (56)
- Fixtures Furniture Equip (FFampE) and IT (80)
- Experimental Media Environment (EME) (33)
- Ground Support Equipment (GSE) (59)
- Employee Parking (20)
- Other (GR Insurance Art Airline Relocation) (280)
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
2019 ROAC
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
Original Design Capacity
NTC Enhanced Design Capacity
Historical
Sep 2019 Forecast
Covid-19 Weighted Average Forecast
Sep 2019 Forecast (ep)
Scen 7 Forecast (ep)
2009
24
40
34
16799
2010
24
40
34
17131
2011
24
40
36
17770
2012
24
40
35
17730
2013
24
40
35
17427
2014
24
40
35
17535
2015
24
40
38
18827
2016
24
40
41
20737
2017
24
40
43
21718
2018
24
40
47
23382
2019
24
40
497
24847
24847
2020
24
40
515
27
25766
13356
2021
24
40
529
25
26428
12655
2022
24
40
542
36
27094
18119
2023
24
40
555
40
27766
19865
2024
24
40
569
45
28428
22440
2025
24
40
582
49
29078
24682
2026
24
40
594
52
29714
25837
2027
24
40
607
53
30361
26384
2028
24
40
620
54
31019
26941
2029
24
40
634
55
31686
27507
2030
24
40
647
56
32364
28082
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
Sep 2019 Forecast
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
Financial Update to the Greater Orlando Aviation Authority Board
Post COVID-19
May 20 2020
May 20 2020
COVID-19 Global Pandemic Today
Worldwide people are advised to maintain physical distancing and to avoid nonessential travel to stop spread of the virus
Theme parks closed cruises suspended conventions canceled business travel severely curtailed
Domestic and international flights into and out of MCO have collapsed bull International air travel suspended bull Nearly 1000 daily flights in April 2019 vs less than 200 last month bull 10-15 aircraft load factor (vs nearly 90 pre-Covid) bull Resulting in 95 reduction in passengers nationally and at MCO
May 20 2020 26
- - -
bull --- - -
-----
- - -
MCO Terminal Facilities Terminal Design Capacity and Forecast MAP Originally designed 24 MAP (Million
Annual Passengers) 70
North Terminal Capacity 60 Historical Sep 2019 Forecast Covid-19 Weighted Average Forecast Original Design Capacity NTC Enhanced Design Capacity
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019 as adjusted to reflect revenue passengers only to be consistent with the TAF data) ldquordquo Denotes forecast years for TAF
bull Consolidated rental car operations to A side of terminal and ConsolidatedFIS operations Saving energy and reducing staffing costs
Deferred approximately $286M of Renewal and Replacement projects bull Stopped work on all nonessential consultant and contractor projects
FY 2021 Preliminary Projected Budget Significantly Reduced bull $ 7M Below FY 2019 Budget levels ndash bull $45M or 12 reduction over previous projections (2019 ROAC) bull No new positions for FY 2021 May 20 2020 31
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Reimbursable Grant bull Operating expenses bull Debt service bull Capital expenditures (with additional conditions) bull The airport sponsor must continue to employ through December 31 2020 at least
90 of the number of individuals employed (after making adjustments for retirementsor voluntary employee separations) as of March 27 2020
bull Must spend within four years Blending of grants permitted for Airport Systems
bull MCO - $170 million (Covers less that 13 of 2019 Operating Budget) bull ORL - $69000
US Airport industry asking for additional funding (CARES 20)
May 20 2020 32
Timing of Recovery
Visitor demand to central Florida closely tied to opening of attractions and availability of disposable income
Business travel may lag leisure due to more restrictive company travel policies and adapting to virtual meetings
Several years to return to FY 2019 traffic levels CARES funding needed to sustain MCO though recovery
period to assist in meeting financial obligations bull Operating expenses bull Debt service bull Bond ldquoRate Covenantsrdquo
May 20 2020 33
$170 Million CARES Act Funds will not be enough
Covers less than one-third of annual operating budget In FY 2021 there is over $200M per year in outstanding
debt service supporting our Capital Improvement Program Additional financing of $500M needed to complete funding
of the current $42B Capital Improvement Program if no reductions are made bull Capital market volatility bull Reduced revenue resulting from decline in passenger
traffic
May 20 2020
GOAArsquos Anticipated Use of CARES Act Funds
Strategic use to provide the maximum benefit to both the Aviation Authority and our Partners bull Specific operating expenses including ORL bull Specific debt service payments
2017 Subordinated Bonds to avoid issuance of additional bonds to capitalize interest for deferred opening of the STC
May 20 2020 35
PFC Funding
Collection of $450 per eligible enplaned passenger 44 of the current STC Plan of Finance
Collection of $350 per day up to a maximum of seven days per rental transaction
Used for projects beneficial to Rental Car Companies (5 of current STC Plan of Finance)
CFC Revenues (000s) $50000
$40000
$30000
Weighted Average $20000 Forecast December 2018 Forecast
$10000
$-2018 2019 2020 2021 2022 2023 2024 2025
May 20 2020 37
Revised South Terminal C Phase 1 ndash 15 Gates
bull Given the current economic environment and resulting reduction to passenger demand Aviation Authority Staff and Consultants have performed a detailed review of the work associated with the STC Phase 1 and STC Phase 1 Expansion projects
bull Staff proposes a reduction in scope from 19 gates to 15 gates leaving the remaining 4 gates in the original plan to be constructed when demand warrants the added capacity
bull This approach is consistent with the Aviation Authorityrsquos practice to construct demand-driven facilities
bull The proposed scope reduction will require certain elements originally part of the STC Phase 1 Expansion project to be completed jointly with elements being constructed as part of the STC Phase 1 project
May 20 2020 38
Projected revisions subject to change based on actual negotiated reductions with CMARs
Potential Budget Reductions - STC and Related RAC Projects
4
Description
Estimated Budget Reduction Total
(in millions) - Airside Concourse (ASC) $ (1150)
- Baggage Handling System (BHS) (80)
- Passenger Boarding Bridge (PBB) (75)
- AirfieldApron (185)
- Ground Transportation Facility (GTF) (163)
- Landscaping (79 )
- Roadway Signage (56)
- Fixtures Furniture Equip (FFampE) and IT (80)
- Experimental Media Environment (EME) (33)
- Ground Support Equipment (GSE) (59)
- Employee Parking (20)
- Other (GR Insurance Art Airline Relocation) (280)
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
2019 ROAC
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
Original Design Capacity
NTC Enhanced Design Capacity
Historical
Sep 2019 Forecast
Covid-19 Weighted Average Forecast
Sep 2019 Forecast (ep)
Scen 7 Forecast (ep)
2009
24
40
34
16799
2010
24
40
34
17131
2011
24
40
36
17770
2012
24
40
35
17730
2013
24
40
35
17427
2014
24
40
35
17535
2015
24
40
38
18827
2016
24
40
41
20737
2017
24
40
43
21718
2018
24
40
47
23382
2019
24
40
497
24847
24847
2020
24
40
515
27
25766
13356
2021
24
40
529
25
26428
12655
2022
24
40
542
36
27094
18119
2023
24
40
555
40
27766
19865
2024
24
40
569
45
28428
22440
2025
24
40
582
49
29078
24682
2026
24
40
594
52
29714
25837
2027
24
40
607
53
30361
26384
2028
24
40
620
54
31019
26941
2029
24
40
634
55
31686
27507
2030
24
40
647
56
32364
28082
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
Sep 2019 Forecast
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
COVID-19 Global Pandemic Today
Worldwide people are advised to maintain physical distancing and to avoid nonessential travel to stop spread of the virus
Theme parks closed cruises suspended conventions canceled business travel severely curtailed
Domestic and international flights into and out of MCO have collapsed bull International air travel suspended bull Nearly 1000 daily flights in April 2019 vs less than 200 last month bull 10-15 aircraft load factor (vs nearly 90 pre-Covid) bull Resulting in 95 reduction in passengers nationally and at MCO
May 20 2020 26
- - -
bull --- - -
-----
- - -
MCO Terminal Facilities Terminal Design Capacity and Forecast MAP Originally designed 24 MAP (Million
Annual Passengers) 70
North Terminal Capacity 60 Historical Sep 2019 Forecast Covid-19 Weighted Average Forecast Original Design Capacity NTC Enhanced Design Capacity
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019 as adjusted to reflect revenue passengers only to be consistent with the TAF data) ldquordquo Denotes forecast years for TAF
bull Consolidated rental car operations to A side of terminal and ConsolidatedFIS operations Saving energy and reducing staffing costs
Deferred approximately $286M of Renewal and Replacement projects bull Stopped work on all nonessential consultant and contractor projects
FY 2021 Preliminary Projected Budget Significantly Reduced bull $ 7M Below FY 2019 Budget levels ndash bull $45M or 12 reduction over previous projections (2019 ROAC) bull No new positions for FY 2021 May 20 2020 31
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Reimbursable Grant bull Operating expenses bull Debt service bull Capital expenditures (with additional conditions) bull The airport sponsor must continue to employ through December 31 2020 at least
90 of the number of individuals employed (after making adjustments for retirementsor voluntary employee separations) as of March 27 2020
bull Must spend within four years Blending of grants permitted for Airport Systems
bull MCO - $170 million (Covers less that 13 of 2019 Operating Budget) bull ORL - $69000
US Airport industry asking for additional funding (CARES 20)
May 20 2020 32
Timing of Recovery
Visitor demand to central Florida closely tied to opening of attractions and availability of disposable income
Business travel may lag leisure due to more restrictive company travel policies and adapting to virtual meetings
Several years to return to FY 2019 traffic levels CARES funding needed to sustain MCO though recovery
period to assist in meeting financial obligations bull Operating expenses bull Debt service bull Bond ldquoRate Covenantsrdquo
May 20 2020 33
$170 Million CARES Act Funds will not be enough
Covers less than one-third of annual operating budget In FY 2021 there is over $200M per year in outstanding
debt service supporting our Capital Improvement Program Additional financing of $500M needed to complete funding
of the current $42B Capital Improvement Program if no reductions are made bull Capital market volatility bull Reduced revenue resulting from decline in passenger
traffic
May 20 2020
GOAArsquos Anticipated Use of CARES Act Funds
Strategic use to provide the maximum benefit to both the Aviation Authority and our Partners bull Specific operating expenses including ORL bull Specific debt service payments
2017 Subordinated Bonds to avoid issuance of additional bonds to capitalize interest for deferred opening of the STC
May 20 2020 35
PFC Funding
Collection of $450 per eligible enplaned passenger 44 of the current STC Plan of Finance
Collection of $350 per day up to a maximum of seven days per rental transaction
Used for projects beneficial to Rental Car Companies (5 of current STC Plan of Finance)
CFC Revenues (000s) $50000
$40000
$30000
Weighted Average $20000 Forecast December 2018 Forecast
$10000
$-2018 2019 2020 2021 2022 2023 2024 2025
May 20 2020 37
Revised South Terminal C Phase 1 ndash 15 Gates
bull Given the current economic environment and resulting reduction to passenger demand Aviation Authority Staff and Consultants have performed a detailed review of the work associated with the STC Phase 1 and STC Phase 1 Expansion projects
bull Staff proposes a reduction in scope from 19 gates to 15 gates leaving the remaining 4 gates in the original plan to be constructed when demand warrants the added capacity
bull This approach is consistent with the Aviation Authorityrsquos practice to construct demand-driven facilities
bull The proposed scope reduction will require certain elements originally part of the STC Phase 1 Expansion project to be completed jointly with elements being constructed as part of the STC Phase 1 project
May 20 2020 38
Projected revisions subject to change based on actual negotiated reductions with CMARs
Potential Budget Reductions - STC and Related RAC Projects
4
Description
Estimated Budget Reduction Total
(in millions) - Airside Concourse (ASC) $ (1150)
- Baggage Handling System (BHS) (80)
- Passenger Boarding Bridge (PBB) (75)
- AirfieldApron (185)
- Ground Transportation Facility (GTF) (163)
- Landscaping (79 )
- Roadway Signage (56)
- Fixtures Furniture Equip (FFampE) and IT (80)
- Experimental Media Environment (EME) (33)
- Ground Support Equipment (GSE) (59)
- Employee Parking (20)
- Other (GR Insurance Art Airline Relocation) (280)
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
2019 ROAC
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
Original Design Capacity
NTC Enhanced Design Capacity
Historical
Sep 2019 Forecast
Covid-19 Weighted Average Forecast
Sep 2019 Forecast (ep)
Scen 7 Forecast (ep)
2009
24
40
34
16799
2010
24
40
34
17131
2011
24
40
36
17770
2012
24
40
35
17730
2013
24
40
35
17427
2014
24
40
35
17535
2015
24
40
38
18827
2016
24
40
41
20737
2017
24
40
43
21718
2018
24
40
47
23382
2019
24
40
497
24847
24847
2020
24
40
515
27
25766
13356
2021
24
40
529
25
26428
12655
2022
24
40
542
36
27094
18119
2023
24
40
555
40
27766
19865
2024
24
40
569
45
28428
22440
2025
24
40
582
49
29078
24682
2026
24
40
594
52
29714
25837
2027
24
40
607
53
30361
26384
2028
24
40
620
54
31019
26941
2029
24
40
634
55
31686
27507
2030
24
40
647
56
32364
28082
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
Sep 2019 Forecast
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
- - -
bull --- - -
-----
- - -
MCO Terminal Facilities Terminal Design Capacity and Forecast MAP Originally designed 24 MAP (Million
Annual Passengers) 70
North Terminal Capacity 60 Historical Sep 2019 Forecast Covid-19 Weighted Average Forecast Original Design Capacity NTC Enhanced Design Capacity
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019 as adjusted to reflect revenue passengers only to be consistent with the TAF data) ldquordquo Denotes forecast years for TAF
bull Consolidated rental car operations to A side of terminal and ConsolidatedFIS operations Saving energy and reducing staffing costs
Deferred approximately $286M of Renewal and Replacement projects bull Stopped work on all nonessential consultant and contractor projects
FY 2021 Preliminary Projected Budget Significantly Reduced bull $ 7M Below FY 2019 Budget levels ndash bull $45M or 12 reduction over previous projections (2019 ROAC) bull No new positions for FY 2021 May 20 2020 31
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Reimbursable Grant bull Operating expenses bull Debt service bull Capital expenditures (with additional conditions) bull The airport sponsor must continue to employ through December 31 2020 at least
90 of the number of individuals employed (after making adjustments for retirementsor voluntary employee separations) as of March 27 2020
bull Must spend within four years Blending of grants permitted for Airport Systems
bull MCO - $170 million (Covers less that 13 of 2019 Operating Budget) bull ORL - $69000
US Airport industry asking for additional funding (CARES 20)
May 20 2020 32
Timing of Recovery
Visitor demand to central Florida closely tied to opening of attractions and availability of disposable income
Business travel may lag leisure due to more restrictive company travel policies and adapting to virtual meetings
Several years to return to FY 2019 traffic levels CARES funding needed to sustain MCO though recovery
period to assist in meeting financial obligations bull Operating expenses bull Debt service bull Bond ldquoRate Covenantsrdquo
May 20 2020 33
$170 Million CARES Act Funds will not be enough
Covers less than one-third of annual operating budget In FY 2021 there is over $200M per year in outstanding
debt service supporting our Capital Improvement Program Additional financing of $500M needed to complete funding
of the current $42B Capital Improvement Program if no reductions are made bull Capital market volatility bull Reduced revenue resulting from decline in passenger
traffic
May 20 2020
GOAArsquos Anticipated Use of CARES Act Funds
Strategic use to provide the maximum benefit to both the Aviation Authority and our Partners bull Specific operating expenses including ORL bull Specific debt service payments
2017 Subordinated Bonds to avoid issuance of additional bonds to capitalize interest for deferred opening of the STC
May 20 2020 35
PFC Funding
Collection of $450 per eligible enplaned passenger 44 of the current STC Plan of Finance
Collection of $350 per day up to a maximum of seven days per rental transaction
Used for projects beneficial to Rental Car Companies (5 of current STC Plan of Finance)
CFC Revenues (000s) $50000
$40000
$30000
Weighted Average $20000 Forecast December 2018 Forecast
$10000
$-2018 2019 2020 2021 2022 2023 2024 2025
May 20 2020 37
Revised South Terminal C Phase 1 ndash 15 Gates
bull Given the current economic environment and resulting reduction to passenger demand Aviation Authority Staff and Consultants have performed a detailed review of the work associated with the STC Phase 1 and STC Phase 1 Expansion projects
bull Staff proposes a reduction in scope from 19 gates to 15 gates leaving the remaining 4 gates in the original plan to be constructed when demand warrants the added capacity
bull This approach is consistent with the Aviation Authorityrsquos practice to construct demand-driven facilities
bull The proposed scope reduction will require certain elements originally part of the STC Phase 1 Expansion project to be completed jointly with elements being constructed as part of the STC Phase 1 project
May 20 2020 38
Projected revisions subject to change based on actual negotiated reductions with CMARs
Potential Budget Reductions - STC and Related RAC Projects
4
Description
Estimated Budget Reduction Total
(in millions) - Airside Concourse (ASC) $ (1150)
- Baggage Handling System (BHS) (80)
- Passenger Boarding Bridge (PBB) (75)
- AirfieldApron (185)
- Ground Transportation Facility (GTF) (163)
- Landscaping (79 )
- Roadway Signage (56)
- Fixtures Furniture Equip (FFampE) and IT (80)
- Experimental Media Environment (EME) (33)
- Ground Support Equipment (GSE) (59)
- Employee Parking (20)
- Other (GR Insurance Art Airline Relocation) (280)
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
2019 ROAC
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
Original Design Capacity
NTC Enhanced Design Capacity
Historical
Sep 2019 Forecast
Covid-19 Weighted Average Forecast
Sep 2019 Forecast (ep)
Scen 7 Forecast (ep)
2009
24
40
34
16799
2010
24
40
34
17131
2011
24
40
36
17770
2012
24
40
35
17730
2013
24
40
35
17427
2014
24
40
35
17535
2015
24
40
38
18827
2016
24
40
41
20737
2017
24
40
43
21718
2018
24
40
47
23382
2019
24
40
497
24847
24847
2020
24
40
515
27
25766
13356
2021
24
40
529
25
26428
12655
2022
24
40
542
36
27094
18119
2023
24
40
555
40
27766
19865
2024
24
40
569
45
28428
22440
2025
24
40
582
49
29078
24682
2026
24
40
594
52
29714
25837
2027
24
40
607
53
30361
26384
2028
24
40
620
54
31019
26941
2029
24
40
634
55
31686
27507
2030
24
40
647
56
32364
28082
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
Sep 2019 Forecast
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
---
I I I I I I I I I I I
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
00
100
200
300
400
500
600 MCO Enplaned Passenger Forecast (millions)
FAA TAF
44 CAGR
2019 ROAC
1990
19
91
1992
19
93
1994
19
95
1996
19
97
1998
19
99
2000
20
01
2002
20
03
2004
20
05
2006
20
07
2008
20
09
2010
20
11
2012
20
13
2014
20
15
2016
20
17
2018
20
19
2020
20
21
2022
20
23
2024
20
25
2026
20
27
2028
20
29
2030
20
31
2032
20
33
2034
20
35
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019 as adjusted to reflect revenue passengers only to be consistent with the TAF data) ldquordquo Denotes forecast years for TAF
bull Consolidated rental car operations to A side of terminal and ConsolidatedFIS operations Saving energy and reducing staffing costs
Deferred approximately $286M of Renewal and Replacement projects bull Stopped work on all nonessential consultant and contractor projects
FY 2021 Preliminary Projected Budget Significantly Reduced bull $ 7M Below FY 2019 Budget levels ndash bull $45M or 12 reduction over previous projections (2019 ROAC) bull No new positions for FY 2021 May 20 2020 31
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Reimbursable Grant bull Operating expenses bull Debt service bull Capital expenditures (with additional conditions) bull The airport sponsor must continue to employ through December 31 2020 at least
90 of the number of individuals employed (after making adjustments for retirementsor voluntary employee separations) as of March 27 2020
bull Must spend within four years Blending of grants permitted for Airport Systems
bull MCO - $170 million (Covers less that 13 of 2019 Operating Budget) bull ORL - $69000
US Airport industry asking for additional funding (CARES 20)
May 20 2020 32
Timing of Recovery
Visitor demand to central Florida closely tied to opening of attractions and availability of disposable income
Business travel may lag leisure due to more restrictive company travel policies and adapting to virtual meetings
Several years to return to FY 2019 traffic levels CARES funding needed to sustain MCO though recovery
period to assist in meeting financial obligations bull Operating expenses bull Debt service bull Bond ldquoRate Covenantsrdquo
May 20 2020 33
$170 Million CARES Act Funds will not be enough
Covers less than one-third of annual operating budget In FY 2021 there is over $200M per year in outstanding
debt service supporting our Capital Improvement Program Additional financing of $500M needed to complete funding
of the current $42B Capital Improvement Program if no reductions are made bull Capital market volatility bull Reduced revenue resulting from decline in passenger
traffic
May 20 2020
GOAArsquos Anticipated Use of CARES Act Funds
Strategic use to provide the maximum benefit to both the Aviation Authority and our Partners bull Specific operating expenses including ORL bull Specific debt service payments
2017 Subordinated Bonds to avoid issuance of additional bonds to capitalize interest for deferred opening of the STC
May 20 2020 35
PFC Funding
Collection of $450 per eligible enplaned passenger 44 of the current STC Plan of Finance
Collection of $350 per day up to a maximum of seven days per rental transaction
Used for projects beneficial to Rental Car Companies (5 of current STC Plan of Finance)
CFC Revenues (000s) $50000
$40000
$30000
Weighted Average $20000 Forecast December 2018 Forecast
$10000
$-2018 2019 2020 2021 2022 2023 2024 2025
May 20 2020 37
Revised South Terminal C Phase 1 ndash 15 Gates
bull Given the current economic environment and resulting reduction to passenger demand Aviation Authority Staff and Consultants have performed a detailed review of the work associated with the STC Phase 1 and STC Phase 1 Expansion projects
bull Staff proposes a reduction in scope from 19 gates to 15 gates leaving the remaining 4 gates in the original plan to be constructed when demand warrants the added capacity
bull This approach is consistent with the Aviation Authorityrsquos practice to construct demand-driven facilities
bull The proposed scope reduction will require certain elements originally part of the STC Phase 1 Expansion project to be completed jointly with elements being constructed as part of the STC Phase 1 project
May 20 2020 38
Projected revisions subject to change based on actual negotiated reductions with CMARs
Potential Budget Reductions - STC and Related RAC Projects
4
Description
Estimated Budget Reduction Total
(in millions) - Airside Concourse (ASC) $ (1150)
- Baggage Handling System (BHS) (80)
- Passenger Boarding Bridge (PBB) (75)
- AirfieldApron (185)
- Ground Transportation Facility (GTF) (163)
- Landscaping (79 )
- Roadway Signage (56)
- Fixtures Furniture Equip (FFampE) and IT (80)
- Experimental Media Environment (EME) (33)
- Ground Support Equipment (GSE) (59)
- Employee Parking (20)
- Other (GR Insurance Art Airline Relocation) (280)
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
APO TERMINAL AREA FORECAST DETAIL REPORT
Forecast Issued January 2020
REGIONASO STATEFL LOCIDMCO
CITYORLANDO AIRPORTORLANDO INTL
AIRCRAFT OPERATIONS
Enplanements
Itinerant Operations
Local Operations
Fiscal
Air
Commuter
Total
Air
Air Taxi amp
GA
Military
Total
Civil
Military
Total
Total
Total
Based
Year
Carrier
Carrier
Commuter
Ops
Tracon
Aircraft
Ops
Year
FAA TAF
44 CAGR
2019 ROAC
2019 ROAC
1990
8484671
198820
8683491
180825
61307
30894
4209
277235
150
24
174
277409
538727
24
1990
87
1991
8509537
202547
8712084
185857
62914
23712
2674
275157
0
0
0
275157
542568
24
1991
87
1992
9504674
253330
9758004
201452
64918
23229
4788
294387
0
0
0
294387
542980
21
1992
98
1993
9868355
411863
10280218
203465
95114
23032
5578
327189
10
0
10
327199
556083
21
1993
103
1994
9891900
561114
10453014
188340
120283
28403
7187
344213
0
0
0
344213
559538
29
1994
105
1995
9990709
593407
10584116
189766
115581
30644
7618
343609
0
0
0
343609
557343
29
1995
106
1996
11097905
762185
11860090
194726
112651
29286
5279
341942
0
0
0
341942
570057
16
1996
119
1997
12488266
589205
13077471
230452
89876
30947
5907
357182
64
0
64
357246
594286
5
1997
131
1998
12607161
521162
13128323
185375
137047
35278
5585
363285
0
0
0
363285
605196
5
1998
131
1999
13242815
552460
13795275
249632
71780
37441
4408
363261
0
0
0
363261
636966
5
1999
138
2000
14114332
569262
14683594
262088
68126
32324
4423
366961
403
3
406
367367
652799
5
2000
147
2001
14056792
515353
14572145
254427
56876
26686
5015
343004
447
6
453
343457
637900
5
2001
146
2002
12102142
510052
12612194
201203
68539
27727
5695
303164
164
0
164
303328
598573
1
2002
126
2003
12362404
738653
13101057
219774
54115
21165
905
295959
69
0
69
296028
573592
1
2003
131
2004
14019651
841390
14861041
226633
65887
23826
411
316757
68
0
68
316825
600430
1
2004
149
2005
15265951
1147879
16413830
253524
79985
23319
682
357510
32
0
32
357542
641240
10
2005
164
2006
15854109
1035586
16889695
263562
73500
21825
614
359501
0
0
0
359501
676881
12
2006
169
2007
16556139
745236
17301375
283026
56027
22567
675
362295
0
0
0
362295
744580
16
2007
173
2008
17256241
438038
17694279
298734
38996
20540
517
358787
0
0
0
358787
729711
22
2008
177
2009
16275693
64801
16340494
279125
12072
16738
544
308479
0
0
0
308479
224000
22
2009
163
2010
16572451
78908
16651359
280724
13391
16691
568
311374
0
0
0
311374
0
22
2010
167
2011
17154922
160978
17315900
286358
14966
16747
868
318939
0
0
0
318939
0
27
2011
173
2012
17097175
150641
17247816
281735
12816
16145
595
311291
2
0
2
311293
0
23
2012
172
2013
16862471
108910
16971381
270971
12435
15843
387
299636
0
0
0
299636
0
23
2013
170
2014
16885342
168754
17054096
264283
15204
15575
341
295403
0
0
0
295403
0
34
2014
171
2015
18002636
214745
18217381
277390
17570
15691
435
311086
0
0
0
311086
0
36
2015
182
2016
19840233
137609
19977842
292437
15468
14717
526
323148
0
0
0
323148
0
39
2016
200
2017
20829437
166455
20995892
300956
14813
16236
437
332442
12
0
12
332454
0
39
2017
210
2018
22466334
118607
22584941
316591
16630
15482
572
349275
0
0
0
349275
0
31
2018
226
Sources FAA Terminal Area Forecast for MCO (January 2020) and Report of the Airport Consultant (September 2019)
2019
24123543
97146
24220689
334700
13365
15132
476
363673
4
0
4
363677
0
31
2019
242
248
248
72
2020
25582916
106296
25689212
351692
13891
14702
476
380761
4
0
4
380765
0
31
2020
257
259
258
44
61
37
2021
26223746
109064
26332810
360530
14123
14702
476
389831
4
0
4
389835
0
31
2021
263
271
264
44
25
26
2022
26856429
111745
26968174
369311
14350
14702
476
398839
4
0
4
398843
0
31
2022
270
283
271
44
24
25
2023
27458352
114350
27572702
377677
14573
14702
476
407428
4
0
4
407432
0
31
2023
276
295
278
44
22
25
2024
28038985
116896
28155881
385753
14795
14702
476
415726
4
0
4
415730
0
31
2024
282
308
284
44
21
24
2025
28632783
119473
28752256
394001
15019
14702
476
424198
4
0
4
424202
0
31
2025
288
322
291
44
21
23
2026
29248404
122114
29370518
402540
15247
14702
476
432965
4
0
4
432969
0
31
2026
294
336
297
44
22
22
2027
29909667
124906
30034573
411693
15484
14702
476
442355
4
0
4
442359
0
31
2027
300
351
304
44
23
22
2028
30611910
127819
30739729
421396
15726
14702
476
452300
4
0
4
452304
0
31
2028
307
366
310
44
23
22
2029
31345295
130833
31476128
431518
15974
14702
476
462670
4
0
4
462674
0
31
2029
315
382
317
44
24
22
2030
32093645
133898
32227543
441839
16225
14702
476
473242
4
0
4
473246
0
31
2030
322
399
324
44
24
21
2031
32886203
137114
33023317
452755
16485
14702
476
484418
4
0
4
484422
0
31
2031
330
417
44
25
2032
33715956
140464
33856420
464169
16752
14702
476
496099
4
0
4
496103
0
31
2032
339
435
44
25
2033
34543928
143819
34687747
475556
17020
14702
476
507754
4
0
4
507758
0
31
2033
347
454
44
25
2034
35357087
147130
35504217
486741
17287
14702
476
519206
4
0
4
519210
0
31
2034
355
474
44
24
2035
36174485
150461
36324946
497979
17555
14702
476
530712
4
0
4
530716
0
31
2035
363
495
44
23
2036
37022079
153894
37175973
509623
17829
14702
476
542630
4
0
4
542634
0
31
2036
372
2037
37848434
157262
38005696
520980
18100
14702
476
554258
4
0
4
554262
0
31
2037
380
2038
38677328
160650
38837978
532371
18373
14702
476
565922
4
0
4
565926
0
31
2038
388
2039
39514153
164075
39678228
543869
18649
14702
476
577696
4
0
4
577700
0
31
2039
397
2040
40353311
167528
40520839
555398
18927
14702
476
589503
4
0
4
589507
0
31
2040
405
2041
41232573
171088
41403661
567472
19210
14702
476
601860
4
0
4
601864
0
31
2041
414
2042
42122840
174682
42297522
579691
19496
14702
476
614365
4
0
4
614369
0
31
2042
423
2043
43044331
178353
43222684
592332
19786
14702
476
627296
4
0
4
627300
0
31
2043
432
2044
43994025
182123
44176148
605352
20081
14702
476
640611
4
0
4
640615
0
31
2044
442
2045
44971320
186006
45157326
618742
20383
14702
476
654303
4
0
4
654307
0
31
2045
452
-
-
Forecast Based on Weighted Average Scenario
Year
Enplaned Passengers (Weighted
Average Scenario)
Annual Passengers in
Millions (MAP)
Historical and Projected Enplaned Passengers Orlando International Airport
35 Historical
2016 20737056 41562705
2017 21718551 43591361
2018 23382273 46857956
2019 24846842 49808921
2020 13356479 26712958
2021 12654885 25309770 Enpl
aned
pas
seng
ers (
mill
ions
)
30
25
20
27 27
28 28
29 2019 ROAC forecasts
U-shaped 5-year recovery
Swoosh-shaped 5-year recovery
Fitch Severe Sensivity
Probability weighted average
Weighted Average scenario used in
forecast
5 Year Recovery
Conservative scenario
152022 18119017 36238034
2023 19865497 39730994 10
2024 22439852 44879700
2025 24682031 49364062
29 MAP for years 2020-2025 estimated at twice enplaned passenger forecast
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
May 20 2020
MCO Airport Revenues FY 2019 Operating Revenues
Airline Revenues
28
Non-Airline Revenues
72
bull Non-Airline Revenue directly correlated to number of enplanements
bull Rental Car bull Parking bull Terminal Concessions
bull Received requests for additional relief from non-airline tenants
Airlines revenues account for 39 of operating revenues but 28 net of revenue sharing of $771million in 2019
Airline Revenues Totaled Only 28 of Operating Revenues in FY 2019 (net of revenue sharing)
May 20 2020 30
Cost Cutting Measures Taken
Froze all hiring effective Friday March 13 2020 Reduced FY 2020 Budget for the remaining half of the fiscal year $184M
bull 10 reduction for last 6 months bull Worked with vendors on reducing labor hours where appropriate and
bull Consolidated rental car operations to A side of terminal and ConsolidatedFIS operations Saving energy and reducing staffing costs
Deferred approximately $286M of Renewal and Replacement projects bull Stopped work on all nonessential consultant and contractor projects
FY 2021 Preliminary Projected Budget Significantly Reduced bull $ 7M Below FY 2019 Budget levels ndash bull $45M or 12 reduction over previous projections (2019 ROAC) bull No new positions for FY 2021 May 20 2020 31
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Reimbursable Grant bull Operating expenses bull Debt service bull Capital expenditures (with additional conditions) bull The airport sponsor must continue to employ through December 31 2020 at least
90 of the number of individuals employed (after making adjustments for retirementsor voluntary employee separations) as of March 27 2020
bull Must spend within four years Blending of grants permitted for Airport Systems
bull MCO - $170 million (Covers less that 13 of 2019 Operating Budget) bull ORL - $69000
US Airport industry asking for additional funding (CARES 20)
May 20 2020 32
Timing of Recovery
Visitor demand to central Florida closely tied to opening of attractions and availability of disposable income
Business travel may lag leisure due to more restrictive company travel policies and adapting to virtual meetings
Several years to return to FY 2019 traffic levels CARES funding needed to sustain MCO though recovery
period to assist in meeting financial obligations bull Operating expenses bull Debt service bull Bond ldquoRate Covenantsrdquo
May 20 2020 33
$170 Million CARES Act Funds will not be enough
Covers less than one-third of annual operating budget In FY 2021 there is over $200M per year in outstanding
debt service supporting our Capital Improvement Program Additional financing of $500M needed to complete funding
of the current $42B Capital Improvement Program if no reductions are made bull Capital market volatility bull Reduced revenue resulting from decline in passenger
traffic
May 20 2020
GOAArsquos Anticipated Use of CARES Act Funds
Strategic use to provide the maximum benefit to both the Aviation Authority and our Partners bull Specific operating expenses including ORL bull Specific debt service payments
2017 Subordinated Bonds to avoid issuance of additional bonds to capitalize interest for deferred opening of the STC
May 20 2020 35
PFC Funding
Collection of $450 per eligible enplaned passenger 44 of the current STC Plan of Finance
Collection of $350 per day up to a maximum of seven days per rental transaction
Used for projects beneficial to Rental Car Companies (5 of current STC Plan of Finance)
CFC Revenues (000s) $50000
$40000
$30000
Weighted Average $20000 Forecast December 2018 Forecast
$10000
$-2018 2019 2020 2021 2022 2023 2024 2025
May 20 2020 37
Revised South Terminal C Phase 1 ndash 15 Gates
bull Given the current economic environment and resulting reduction to passenger demand Aviation Authority Staff and Consultants have performed a detailed review of the work associated with the STC Phase 1 and STC Phase 1 Expansion projects
bull Staff proposes a reduction in scope from 19 gates to 15 gates leaving the remaining 4 gates in the original plan to be constructed when demand warrants the added capacity
bull This approach is consistent with the Aviation Authorityrsquos practice to construct demand-driven facilities
bull The proposed scope reduction will require certain elements originally part of the STC Phase 1 Expansion project to be completed jointly with elements being constructed as part of the STC Phase 1 project
May 20 2020 38
Projected revisions subject to change based on actual negotiated reductions with CMARs
Potential Budget Reductions - STC and Related RAC Projects
4
Description
Estimated Budget Reduction Total
(in millions) - Airside Concourse (ASC) $ (1150)
- Baggage Handling System (BHS) (80)
- Passenger Boarding Bridge (PBB) (75)
- AirfieldApron (185)
- Ground Transportation Facility (GTF) (163)
- Landscaping (79 )
- Roadway Signage (56)
- Fixtures Furniture Equip (FFampE) and IT (80)
- Experimental Media Environment (EME) (33)
- Ground Support Equipment (GSE) (59)
- Employee Parking (20)
- Other (GR Insurance Art Airline Relocation) (280)
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
MCO Airport Revenues FY 2019 Operating Revenues
Airline Revenues
28
Non-Airline Revenues
72
bull Non-Airline Revenue directly correlated to number of enplanements
bull Rental Car bull Parking bull Terminal Concessions
bull Received requests for additional relief from non-airline tenants
Airlines revenues account for 39 of operating revenues but 28 net of revenue sharing of $771million in 2019
Airline Revenues Totaled Only 28 of Operating Revenues in FY 2019 (net of revenue sharing)
May 20 2020 30
Cost Cutting Measures Taken
Froze all hiring effective Friday March 13 2020 Reduced FY 2020 Budget for the remaining half of the fiscal year $184M
bull 10 reduction for last 6 months bull Worked with vendors on reducing labor hours where appropriate and
bull Consolidated rental car operations to A side of terminal and ConsolidatedFIS operations Saving energy and reducing staffing costs
Deferred approximately $286M of Renewal and Replacement projects bull Stopped work on all nonessential consultant and contractor projects
FY 2021 Preliminary Projected Budget Significantly Reduced bull $ 7M Below FY 2019 Budget levels ndash bull $45M or 12 reduction over previous projections (2019 ROAC) bull No new positions for FY 2021 May 20 2020 31
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Reimbursable Grant bull Operating expenses bull Debt service bull Capital expenditures (with additional conditions) bull The airport sponsor must continue to employ through December 31 2020 at least
90 of the number of individuals employed (after making adjustments for retirementsor voluntary employee separations) as of March 27 2020
bull Must spend within four years Blending of grants permitted for Airport Systems
bull MCO - $170 million (Covers less that 13 of 2019 Operating Budget) bull ORL - $69000
US Airport industry asking for additional funding (CARES 20)
May 20 2020 32
Timing of Recovery
Visitor demand to central Florida closely tied to opening of attractions and availability of disposable income
Business travel may lag leisure due to more restrictive company travel policies and adapting to virtual meetings
Several years to return to FY 2019 traffic levels CARES funding needed to sustain MCO though recovery
period to assist in meeting financial obligations bull Operating expenses bull Debt service bull Bond ldquoRate Covenantsrdquo
May 20 2020 33
$170 Million CARES Act Funds will not be enough
Covers less than one-third of annual operating budget In FY 2021 there is over $200M per year in outstanding
debt service supporting our Capital Improvement Program Additional financing of $500M needed to complete funding
of the current $42B Capital Improvement Program if no reductions are made bull Capital market volatility bull Reduced revenue resulting from decline in passenger
traffic
May 20 2020
GOAArsquos Anticipated Use of CARES Act Funds
Strategic use to provide the maximum benefit to both the Aviation Authority and our Partners bull Specific operating expenses including ORL bull Specific debt service payments
2017 Subordinated Bonds to avoid issuance of additional bonds to capitalize interest for deferred opening of the STC
May 20 2020 35
PFC Funding
Collection of $450 per eligible enplaned passenger 44 of the current STC Plan of Finance
Collection of $350 per day up to a maximum of seven days per rental transaction
Used for projects beneficial to Rental Car Companies (5 of current STC Plan of Finance)
CFC Revenues (000s) $50000
$40000
$30000
Weighted Average $20000 Forecast December 2018 Forecast
$10000
$-2018 2019 2020 2021 2022 2023 2024 2025
May 20 2020 37
Revised South Terminal C Phase 1 ndash 15 Gates
bull Given the current economic environment and resulting reduction to passenger demand Aviation Authority Staff and Consultants have performed a detailed review of the work associated with the STC Phase 1 and STC Phase 1 Expansion projects
bull Staff proposes a reduction in scope from 19 gates to 15 gates leaving the remaining 4 gates in the original plan to be constructed when demand warrants the added capacity
bull This approach is consistent with the Aviation Authorityrsquos practice to construct demand-driven facilities
bull The proposed scope reduction will require certain elements originally part of the STC Phase 1 Expansion project to be completed jointly with elements being constructed as part of the STC Phase 1 project
May 20 2020 38
Projected revisions subject to change based on actual negotiated reductions with CMARs
Potential Budget Reductions - STC and Related RAC Projects
4
Description
Estimated Budget Reduction Total
(in millions) - Airside Concourse (ASC) $ (1150)
- Baggage Handling System (BHS) (80)
- Passenger Boarding Bridge (PBB) (75)
- AirfieldApron (185)
- Ground Transportation Facility (GTF) (163)
- Landscaping (79 )
- Roadway Signage (56)
- Fixtures Furniture Equip (FFampE) and IT (80)
- Experimental Media Environment (EME) (33)
- Ground Support Equipment (GSE) (59)
- Employee Parking (20)
- Other (GR Insurance Art Airline Relocation) (280)
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
Cost Cutting Measures Taken
Froze all hiring effective Friday March 13 2020 Reduced FY 2020 Budget for the remaining half of the fiscal year $184M
bull 10 reduction for last 6 months bull Worked with vendors on reducing labor hours where appropriate and
bull Consolidated rental car operations to A side of terminal and ConsolidatedFIS operations Saving energy and reducing staffing costs
Deferred approximately $286M of Renewal and Replacement projects bull Stopped work on all nonessential consultant and contractor projects
FY 2021 Preliminary Projected Budget Significantly Reduced bull $ 7M Below FY 2019 Budget levels ndash bull $45M or 12 reduction over previous projections (2019 ROAC) bull No new positions for FY 2021 May 20 2020 31
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Reimbursable Grant bull Operating expenses bull Debt service bull Capital expenditures (with additional conditions) bull The airport sponsor must continue to employ through December 31 2020 at least
90 of the number of individuals employed (after making adjustments for retirementsor voluntary employee separations) as of March 27 2020
bull Must spend within four years Blending of grants permitted for Airport Systems
bull MCO - $170 million (Covers less that 13 of 2019 Operating Budget) bull ORL - $69000
US Airport industry asking for additional funding (CARES 20)
May 20 2020 32
Timing of Recovery
Visitor demand to central Florida closely tied to opening of attractions and availability of disposable income
Business travel may lag leisure due to more restrictive company travel policies and adapting to virtual meetings
Several years to return to FY 2019 traffic levels CARES funding needed to sustain MCO though recovery
period to assist in meeting financial obligations bull Operating expenses bull Debt service bull Bond ldquoRate Covenantsrdquo
May 20 2020 33
$170 Million CARES Act Funds will not be enough
Covers less than one-third of annual operating budget In FY 2021 there is over $200M per year in outstanding
debt service supporting our Capital Improvement Program Additional financing of $500M needed to complete funding
of the current $42B Capital Improvement Program if no reductions are made bull Capital market volatility bull Reduced revenue resulting from decline in passenger
traffic
May 20 2020
GOAArsquos Anticipated Use of CARES Act Funds
Strategic use to provide the maximum benefit to both the Aviation Authority and our Partners bull Specific operating expenses including ORL bull Specific debt service payments
2017 Subordinated Bonds to avoid issuance of additional bonds to capitalize interest for deferred opening of the STC
May 20 2020 35
PFC Funding
Collection of $450 per eligible enplaned passenger 44 of the current STC Plan of Finance
Collection of $350 per day up to a maximum of seven days per rental transaction
Used for projects beneficial to Rental Car Companies (5 of current STC Plan of Finance)
CFC Revenues (000s) $50000
$40000
$30000
Weighted Average $20000 Forecast December 2018 Forecast
$10000
$-2018 2019 2020 2021 2022 2023 2024 2025
May 20 2020 37
Revised South Terminal C Phase 1 ndash 15 Gates
bull Given the current economic environment and resulting reduction to passenger demand Aviation Authority Staff and Consultants have performed a detailed review of the work associated with the STC Phase 1 and STC Phase 1 Expansion projects
bull Staff proposes a reduction in scope from 19 gates to 15 gates leaving the remaining 4 gates in the original plan to be constructed when demand warrants the added capacity
bull This approach is consistent with the Aviation Authorityrsquos practice to construct demand-driven facilities
bull The proposed scope reduction will require certain elements originally part of the STC Phase 1 Expansion project to be completed jointly with elements being constructed as part of the STC Phase 1 project
May 20 2020 38
Projected revisions subject to change based on actual negotiated reductions with CMARs
Potential Budget Reductions - STC and Related RAC Projects
4
Description
Estimated Budget Reduction Total
(in millions) - Airside Concourse (ASC) $ (1150)
- Baggage Handling System (BHS) (80)
- Passenger Boarding Bridge (PBB) (75)
- AirfieldApron (185)
- Ground Transportation Facility (GTF) (163)
- Landscaping (79 )
- Roadway Signage (56)
- Fixtures Furniture Equip (FFampE) and IT (80)
- Experimental Media Environment (EME) (33)
- Ground Support Equipment (GSE) (59)
- Employee Parking (20)
- Other (GR Insurance Art Airline Relocation) (280)
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Reimbursable Grant bull Operating expenses bull Debt service bull Capital expenditures (with additional conditions) bull The airport sponsor must continue to employ through December 31 2020 at least
90 of the number of individuals employed (after making adjustments for retirementsor voluntary employee separations) as of March 27 2020
bull Must spend within four years Blending of grants permitted for Airport Systems
bull MCO - $170 million (Covers less that 13 of 2019 Operating Budget) bull ORL - $69000
US Airport industry asking for additional funding (CARES 20)
May 20 2020 32
Timing of Recovery
Visitor demand to central Florida closely tied to opening of attractions and availability of disposable income
Business travel may lag leisure due to more restrictive company travel policies and adapting to virtual meetings
Several years to return to FY 2019 traffic levels CARES funding needed to sustain MCO though recovery
period to assist in meeting financial obligations bull Operating expenses bull Debt service bull Bond ldquoRate Covenantsrdquo
May 20 2020 33
$170 Million CARES Act Funds will not be enough
Covers less than one-third of annual operating budget In FY 2021 there is over $200M per year in outstanding
debt service supporting our Capital Improvement Program Additional financing of $500M needed to complete funding
of the current $42B Capital Improvement Program if no reductions are made bull Capital market volatility bull Reduced revenue resulting from decline in passenger
traffic
May 20 2020
GOAArsquos Anticipated Use of CARES Act Funds
Strategic use to provide the maximum benefit to both the Aviation Authority and our Partners bull Specific operating expenses including ORL bull Specific debt service payments
2017 Subordinated Bonds to avoid issuance of additional bonds to capitalize interest for deferred opening of the STC
May 20 2020 35
PFC Funding
Collection of $450 per eligible enplaned passenger 44 of the current STC Plan of Finance
Collection of $350 per day up to a maximum of seven days per rental transaction
Used for projects beneficial to Rental Car Companies (5 of current STC Plan of Finance)
CFC Revenues (000s) $50000
$40000
$30000
Weighted Average $20000 Forecast December 2018 Forecast
$10000
$-2018 2019 2020 2021 2022 2023 2024 2025
May 20 2020 37
Revised South Terminal C Phase 1 ndash 15 Gates
bull Given the current economic environment and resulting reduction to passenger demand Aviation Authority Staff and Consultants have performed a detailed review of the work associated with the STC Phase 1 and STC Phase 1 Expansion projects
bull Staff proposes a reduction in scope from 19 gates to 15 gates leaving the remaining 4 gates in the original plan to be constructed when demand warrants the added capacity
bull This approach is consistent with the Aviation Authorityrsquos practice to construct demand-driven facilities
bull The proposed scope reduction will require certain elements originally part of the STC Phase 1 Expansion project to be completed jointly with elements being constructed as part of the STC Phase 1 project
May 20 2020 38
Projected revisions subject to change based on actual negotiated reductions with CMARs
Potential Budget Reductions - STC and Related RAC Projects
4
Description
Estimated Budget Reduction Total
(in millions) - Airside Concourse (ASC) $ (1150)
- Baggage Handling System (BHS) (80)
- Passenger Boarding Bridge (PBB) (75)
- AirfieldApron (185)
- Ground Transportation Facility (GTF) (163)
- Landscaping (79 )
- Roadway Signage (56)
- Fixtures Furniture Equip (FFampE) and IT (80)
- Experimental Media Environment (EME) (33)
- Ground Support Equipment (GSE) (59)
- Employee Parking (20)
- Other (GR Insurance Art Airline Relocation) (280)
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
Timing of Recovery
Visitor demand to central Florida closely tied to opening of attractions and availability of disposable income
Business travel may lag leisure due to more restrictive company travel policies and adapting to virtual meetings
Several years to return to FY 2019 traffic levels CARES funding needed to sustain MCO though recovery
period to assist in meeting financial obligations bull Operating expenses bull Debt service bull Bond ldquoRate Covenantsrdquo
May 20 2020 33
$170 Million CARES Act Funds will not be enough
Covers less than one-third of annual operating budget In FY 2021 there is over $200M per year in outstanding
debt service supporting our Capital Improvement Program Additional financing of $500M needed to complete funding
of the current $42B Capital Improvement Program if no reductions are made bull Capital market volatility bull Reduced revenue resulting from decline in passenger
traffic
May 20 2020
GOAArsquos Anticipated Use of CARES Act Funds
Strategic use to provide the maximum benefit to both the Aviation Authority and our Partners bull Specific operating expenses including ORL bull Specific debt service payments
2017 Subordinated Bonds to avoid issuance of additional bonds to capitalize interest for deferred opening of the STC
May 20 2020 35
PFC Funding
Collection of $450 per eligible enplaned passenger 44 of the current STC Plan of Finance
Collection of $350 per day up to a maximum of seven days per rental transaction
Used for projects beneficial to Rental Car Companies (5 of current STC Plan of Finance)
CFC Revenues (000s) $50000
$40000
$30000
Weighted Average $20000 Forecast December 2018 Forecast
$10000
$-2018 2019 2020 2021 2022 2023 2024 2025
May 20 2020 37
Revised South Terminal C Phase 1 ndash 15 Gates
bull Given the current economic environment and resulting reduction to passenger demand Aviation Authority Staff and Consultants have performed a detailed review of the work associated with the STC Phase 1 and STC Phase 1 Expansion projects
bull Staff proposes a reduction in scope from 19 gates to 15 gates leaving the remaining 4 gates in the original plan to be constructed when demand warrants the added capacity
bull This approach is consistent with the Aviation Authorityrsquos practice to construct demand-driven facilities
bull The proposed scope reduction will require certain elements originally part of the STC Phase 1 Expansion project to be completed jointly with elements being constructed as part of the STC Phase 1 project
May 20 2020 38
Projected revisions subject to change based on actual negotiated reductions with CMARs
Potential Budget Reductions - STC and Related RAC Projects
4
Description
Estimated Budget Reduction Total
(in millions) - Airside Concourse (ASC) $ (1150)
- Baggage Handling System (BHS) (80)
- Passenger Boarding Bridge (PBB) (75)
- AirfieldApron (185)
- Ground Transportation Facility (GTF) (163)
- Landscaping (79 )
- Roadway Signage (56)
- Fixtures Furniture Equip (FFampE) and IT (80)
- Experimental Media Environment (EME) (33)
- Ground Support Equipment (GSE) (59)
- Employee Parking (20)
- Other (GR Insurance Art Airline Relocation) (280)
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
$170 Million CARES Act Funds will not be enough
Covers less than one-third of annual operating budget In FY 2021 there is over $200M per year in outstanding
debt service supporting our Capital Improvement Program Additional financing of $500M needed to complete funding
of the current $42B Capital Improvement Program if no reductions are made bull Capital market volatility bull Reduced revenue resulting from decline in passenger
traffic
May 20 2020
GOAArsquos Anticipated Use of CARES Act Funds
Strategic use to provide the maximum benefit to both the Aviation Authority and our Partners bull Specific operating expenses including ORL bull Specific debt service payments
2017 Subordinated Bonds to avoid issuance of additional bonds to capitalize interest for deferred opening of the STC
May 20 2020 35
PFC Funding
Collection of $450 per eligible enplaned passenger 44 of the current STC Plan of Finance
Collection of $350 per day up to a maximum of seven days per rental transaction
Used for projects beneficial to Rental Car Companies (5 of current STC Plan of Finance)
CFC Revenues (000s) $50000
$40000
$30000
Weighted Average $20000 Forecast December 2018 Forecast
$10000
$-2018 2019 2020 2021 2022 2023 2024 2025
May 20 2020 37
Revised South Terminal C Phase 1 ndash 15 Gates
bull Given the current economic environment and resulting reduction to passenger demand Aviation Authority Staff and Consultants have performed a detailed review of the work associated with the STC Phase 1 and STC Phase 1 Expansion projects
bull Staff proposes a reduction in scope from 19 gates to 15 gates leaving the remaining 4 gates in the original plan to be constructed when demand warrants the added capacity
bull This approach is consistent with the Aviation Authorityrsquos practice to construct demand-driven facilities
bull The proposed scope reduction will require certain elements originally part of the STC Phase 1 Expansion project to be completed jointly with elements being constructed as part of the STC Phase 1 project
May 20 2020 38
Projected revisions subject to change based on actual negotiated reductions with CMARs
Potential Budget Reductions - STC and Related RAC Projects
4
Description
Estimated Budget Reduction Total
(in millions) - Airside Concourse (ASC) $ (1150)
- Baggage Handling System (BHS) (80)
- Passenger Boarding Bridge (PBB) (75)
- AirfieldApron (185)
- Ground Transportation Facility (GTF) (163)
- Landscaping (79 )
- Roadway Signage (56)
- Fixtures Furniture Equip (FFampE) and IT (80)
- Experimental Media Environment (EME) (33)
- Ground Support Equipment (GSE) (59)
- Employee Parking (20)
- Other (GR Insurance Art Airline Relocation) (280)
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
GOAArsquos Anticipated Use of CARES Act Funds
Strategic use to provide the maximum benefit to both the Aviation Authority and our Partners bull Specific operating expenses including ORL bull Specific debt service payments
2017 Subordinated Bonds to avoid issuance of additional bonds to capitalize interest for deferred opening of the STC
May 20 2020 35
PFC Funding
Collection of $450 per eligible enplaned passenger 44 of the current STC Plan of Finance
Collection of $350 per day up to a maximum of seven days per rental transaction
Used for projects beneficial to Rental Car Companies (5 of current STC Plan of Finance)
CFC Revenues (000s) $50000
$40000
$30000
Weighted Average $20000 Forecast December 2018 Forecast
$10000
$-2018 2019 2020 2021 2022 2023 2024 2025
May 20 2020 37
Revised South Terminal C Phase 1 ndash 15 Gates
bull Given the current economic environment and resulting reduction to passenger demand Aviation Authority Staff and Consultants have performed a detailed review of the work associated with the STC Phase 1 and STC Phase 1 Expansion projects
bull Staff proposes a reduction in scope from 19 gates to 15 gates leaving the remaining 4 gates in the original plan to be constructed when demand warrants the added capacity
bull This approach is consistent with the Aviation Authorityrsquos practice to construct demand-driven facilities
bull The proposed scope reduction will require certain elements originally part of the STC Phase 1 Expansion project to be completed jointly with elements being constructed as part of the STC Phase 1 project
May 20 2020 38
Projected revisions subject to change based on actual negotiated reductions with CMARs
Potential Budget Reductions - STC and Related RAC Projects
4
Description
Estimated Budget Reduction Total
(in millions) - Airside Concourse (ASC) $ (1150)
- Baggage Handling System (BHS) (80)
- Passenger Boarding Bridge (PBB) (75)
- AirfieldApron (185)
- Ground Transportation Facility (GTF) (163)
- Landscaping (79 )
- Roadway Signage (56)
- Fixtures Furniture Equip (FFampE) and IT (80)
- Experimental Media Environment (EME) (33)
- Ground Support Equipment (GSE) (59)
- Employee Parking (20)
- Other (GR Insurance Art Airline Relocation) (280)
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
PFC Funding
Collection of $450 per eligible enplaned passenger 44 of the current STC Plan of Finance
Collection of $350 per day up to a maximum of seven days per rental transaction
Used for projects beneficial to Rental Car Companies (5 of current STC Plan of Finance)
CFC Revenues (000s) $50000
$40000
$30000
Weighted Average $20000 Forecast December 2018 Forecast
$10000
$-2018 2019 2020 2021 2022 2023 2024 2025
May 20 2020 37
Revised South Terminal C Phase 1 ndash 15 Gates
bull Given the current economic environment and resulting reduction to passenger demand Aviation Authority Staff and Consultants have performed a detailed review of the work associated with the STC Phase 1 and STC Phase 1 Expansion projects
bull Staff proposes a reduction in scope from 19 gates to 15 gates leaving the remaining 4 gates in the original plan to be constructed when demand warrants the added capacity
bull This approach is consistent with the Aviation Authorityrsquos practice to construct demand-driven facilities
bull The proposed scope reduction will require certain elements originally part of the STC Phase 1 Expansion project to be completed jointly with elements being constructed as part of the STC Phase 1 project
May 20 2020 38
Projected revisions subject to change based on actual negotiated reductions with CMARs
Potential Budget Reductions - STC and Related RAC Projects
4
Description
Estimated Budget Reduction Total
(in millions) - Airside Concourse (ASC) $ (1150)
- Baggage Handling System (BHS) (80)
- Passenger Boarding Bridge (PBB) (75)
- AirfieldApron (185)
- Ground Transportation Facility (GTF) (163)
- Landscaping (79 )
- Roadway Signage (56)
- Fixtures Furniture Equip (FFampE) and IT (80)
- Experimental Media Environment (EME) (33)
- Ground Support Equipment (GSE) (59)
- Employee Parking (20)
- Other (GR Insurance Art Airline Relocation) (280)
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
CFC Funding
Collection of $350 per day up to a maximum of seven days per rental transaction
Used for projects beneficial to Rental Car Companies (5 of current STC Plan of Finance)
CFC Revenues (000s) $50000
$40000
$30000
Weighted Average $20000 Forecast December 2018 Forecast
$10000
$-2018 2019 2020 2021 2022 2023 2024 2025
May 20 2020 37
Revised South Terminal C Phase 1 ndash 15 Gates
bull Given the current economic environment and resulting reduction to passenger demand Aviation Authority Staff and Consultants have performed a detailed review of the work associated with the STC Phase 1 and STC Phase 1 Expansion projects
bull Staff proposes a reduction in scope from 19 gates to 15 gates leaving the remaining 4 gates in the original plan to be constructed when demand warrants the added capacity
bull This approach is consistent with the Aviation Authorityrsquos practice to construct demand-driven facilities
bull The proposed scope reduction will require certain elements originally part of the STC Phase 1 Expansion project to be completed jointly with elements being constructed as part of the STC Phase 1 project
May 20 2020 38
Projected revisions subject to change based on actual negotiated reductions with CMARs
Potential Budget Reductions - STC and Related RAC Projects
4
Description
Estimated Budget Reduction Total
(in millions) - Airside Concourse (ASC) $ (1150)
- Baggage Handling System (BHS) (80)
- Passenger Boarding Bridge (PBB) (75)
- AirfieldApron (185)
- Ground Transportation Facility (GTF) (163)
- Landscaping (79 )
- Roadway Signage (56)
- Fixtures Furniture Equip (FFampE) and IT (80)
- Experimental Media Environment (EME) (33)
- Ground Support Equipment (GSE) (59)
- Employee Parking (20)
- Other (GR Insurance Art Airline Relocation) (280)
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
Revised South Terminal C Phase 1 ndash 15 Gates
bull Given the current economic environment and resulting reduction to passenger demand Aviation Authority Staff and Consultants have performed a detailed review of the work associated with the STC Phase 1 and STC Phase 1 Expansion projects
bull Staff proposes a reduction in scope from 19 gates to 15 gates leaving the remaining 4 gates in the original plan to be constructed when demand warrants the added capacity
bull This approach is consistent with the Aviation Authorityrsquos practice to construct demand-driven facilities
bull The proposed scope reduction will require certain elements originally part of the STC Phase 1 Expansion project to be completed jointly with elements being constructed as part of the STC Phase 1 project
May 20 2020 38
Projected revisions subject to change based on actual negotiated reductions with CMARs
Potential Budget Reductions - STC and Related RAC Projects
4
Description
Estimated Budget Reduction Total
(in millions) - Airside Concourse (ASC) $ (1150)
- Baggage Handling System (BHS) (80)
- Passenger Boarding Bridge (PBB) (75)
- AirfieldApron (185)
- Ground Transportation Facility (GTF) (163)
- Landscaping (79 )
- Roadway Signage (56)
- Fixtures Furniture Equip (FFampE) and IT (80)
- Experimental Media Environment (EME) (33)
- Ground Support Equipment (GSE) (59)
- Employee Parking (20)
- Other (GR Insurance Art Airline Relocation) (280)
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
Projected revisions subject to change based on actual negotiated reductions with CMARs
Potential Budget Reductions - STC and Related RAC Projects
4
Description
Estimated Budget Reduction Total
(in millions) - Airside Concourse (ASC) $ (1150)
- Baggage Handling System (BHS) (80)
- Passenger Boarding Bridge (PBB) (75)
- AirfieldApron (185)
- Ground Transportation Facility (GTF) (163)
- Landscaping (79 )
- Roadway Signage (56)
- Fixtures Furniture Equip (FFampE) and IT (80)
- Experimental Media Environment (EME) (33)
- Ground Support Equipment (GSE) (59)
- Employee Parking (20)
- Other (GR Insurance Art Airline Relocation) (280)
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
STC Total Budget Reduction Funding STC and RAC Related Projects -Budget Funding Reductions
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
Other Potential CIP Revisions Description
Estimated Budget Revisions Total
(in millions) Terminal - Repurpose Airside 1 FIS (Deferred Scope) $ (127) - Future CCTV Projects (Deferred Scope) (37) - North Terminal Building System Replacement (Deferred Scope) (40) - North Terminal Building Update (Deferred Scope) (30) - North Terminal Security Checkpoints (Board approved 21920) 06 - North Terminal Security Systems (Biometric) (Deferred Scope) (55) - Airline Terminal Improvement Account (Deferred Scope) (345) - Airside 4 Improvements (Completed project reduced to actual spend) (12) Terminal Total $ (640)
Airfield - Taxiway J Rehab (Completed projected reduced to actuals) $ (19) - Runway 17R-35L Improvements (Completed Project reduced to actuals) (22) - Runway 18L-36R Rehab (Reduced budget to account for scope reduction ndash shoulder work) (96) Airfield Total $ (137)
Ground Transportation - Future RAC Related Projects (Scope not yet defined ndash deferred) $ (250) - Roadway Improvements (Deferred Scope) (70) - Roadway Signage (Deferred Scope) 20 Ground Transportation Total $ (300)
Other - Wildlife Attractant Removal (Deferred Scope) $ (65) - East Fuel Farm (Deferred Scope) (353) - HBJ RenovationsOffice Trailers (Board approved 11520) 162 Other Total $ (256)
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
FY 2018 ndash 2025 Capital Improvement Plan
COMPONENT DESCRIPTION MAY 2019
CIP AS AMENDED ($ IN MILLIONS)
PROPOSED REVISIONS
($ IN MILLIONS)
MAY 2020 PROPOSED CIP
($ IN MILLIONS)
North Terminal Complex (NTC)
Security and capacity improvements to North Terminal $ 749 $ (63) $ 686
Runway and Taxiway improvements Airfield 152 (14) 138
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
Projected revisions subject to change based on actual negotiated reductions with CMARs
May 20 2020 43
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
PFC Plan
bull To maintain alignment of scope and funding and to comply with FAA PFC funding authorizations the Authority will maintain existing PFC approvals as follows
bull Internally restrict existing PFC project costs associated with STC Phase 1 and Phase 1 Expansion projects to be capped at the reduced scope levels
bull The reduced budget will also reflect an updated plan to utilize PFC funding to support debt or use on a pay-as-you-go basis
May 20 2020 44
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
STC Phase 1 (PFC 19 amp 21)
Pay-as-you-go $ 241000000 $ 238080929 $ 2919071
Bond Capital 769000000 769000000 minus
Bond Financing and Interest 893539000 893539000 minus
Total STC Phase 1 $ 1903539000 $ 1900619929 $ 2919071
STC Phase 1 Exp (PFC 20 amp 21)
Pay-as-you-go $ 137000000 $ 16000000 $ 121000000
Bond Capital 169000000 138766153 30233847
Bond Financing and Interest 248293000 203873754 44419246
Reflects only the portion of PFC 19 related to the STC Phase 1 project Reflects $21439770 in PFC reduction resulting from proposed STC Budget Reduction and $8884077 in PFC reduction resulting from additional FDOT funding
STC PFC Funding Authorization PFC Funding Plan For STC
Approved PFC Authority
(A)
Projected PFC Expenditures
(B)
Remaining PFC Authority (C)=(A)-(B)
Grand Total STC PFC Funding $ 2457832000 $ 2259259835 $ 198572165
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
Debt Service Summary
Orlando International Airport (for the Fiscal Years ending September 30 numbers in thousands except as noted)
Actual Actual Actual Budget Forecast DBO Apr Debt Service 2017 2018 2019 2020 2021 2022
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
I I
I
I I
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
FY 2020 Senior Debt Service $ 4812833
FDOT Debt Service 216745 Subordinated Debt Service 629729
PFC Debt Service (Senior) 5886280
Total Monthly Sinking Fund Payments $11545587
Trustee remits sinking fund payment to Bondholder April 1 and Oct 1
May 20 2020 48
Selected Financial Metrics-Weighted Average Forecast
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
Selected Financial Metrics-Weighted Average Forecast
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
FY21 TO FY20 RATES AND CHARGES COMPARISON Weighted Average Scenario
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
Relief Option Scenarios Considered
Deferral or
Waiver May 20 2020 51
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Amend and Restate April 2020 Deferral Resolutions bull Airlines 90 Day Deferral of Fixed Rents
bull Concessions 90 Day MAG Deferral or Waiver Option
bull Rental Automobile Companies 90 Day MAG Waiver
Must Execute agreement by June 15 2020 to Qualify May 20 2020 52
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
Airlines ndash 90-Day Deferral
Airlines bull Option to defer up to three months (May June July) bull Must pay all amounts due through April 2020 bull No Mid Year Rate Adjustment
Rationale bull CARES money available to Airlines in other portions of the Act bull No Mid Year Adjustment will defer their costs until March 2021 bull Application of CARES funding to subordinated debt service will
lower Rates and Charges in future years and reduce borrowing requirements to fund capital program
May 20 2020 53
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
Concessions 90-day Relief Deferral or Waiver Option
Deferral bull Option to defer up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Repay up to 12 months beginning September 2020 bull No Late Fees
Waiver bull Option to waive up to three months MAG (May June July) bull Must pay all amounts due through April 2020 bull Lease term reduced by 1 to 3 months per each month waived depending on
lease term bull If other grants or financial relief received amounts due bull Must certify not entitled to business interruption insurance
May 20 2020 54
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
Rental Automobile Companies ndash 90 Day Waiver
Waiver of MAG for up to three months (May June July) Must pay all amount due through April 30 2020 Must Certify not entitled to Business interruption insurance Does not apply to CFC
bull Must remit CFCs to Aviation Authority when collected
Must agree to allow the Authority to defer RAC related capital projects subject to CFC funding at the Aviation Authorityrsquos sole discretion
May 20 2020 55
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
56 Budget Comparisons Orlando International Airport (in thousands)
BUDGET FY 2020
All WAIVER PROJECTED
FY 2020
DEFERRAL RAC WAIVER PROJECTED
FY 2020
Revenues $593549 $409217 $443547 Less Airport Exclusive Revenues ($4071) ($4311) ($4311) Revenues net of exclusive revenues $589478 $404906 $439236 Expenses
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
POTENTIAL DAYS CASH ON HAND Unrestricted Reserve Funds
Days Cash on Hand Deferral vs Waiver Assumes 2020 True up settlement billed in March 2021 received from airlines
April 2021 Assumes Reimbursement of $834M CARES Funds in FY 21
43020 9302020 3312021 9302021 Waiver 359 Days 281 Days 231 Days 255 Days Deferrals RAC Waiver 359 Days 281 Days 246 Days 291 Days
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
r r r r We Are All in this Togetherhelliphelliphellip
GOAA Concessionaires Tenants Airlines Rental Cars Community
PROVIDING RELIEF FINANCIAL
OBLIGATIONS
May 20 2020 60
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
ORLANDO INTERNATIONAL AIRPORT ---------------- The Orlando Experuncereg
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and
Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines
Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
MISCELLANEOUS RELIEF NEEDED
Specialty Services Space Use Retail Merchandising Units Fixed Base Operators Other business partners which pay MACF or rent and
which are not covered by the Resolutions adopted in New Business Item D
May 20 2020
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
Negotiate and modify within the existing contract if allowed by the terms of the contract
Negotiate and modify based on Board principles related to deferrals waivers abatements and modifications previously adopted by the Board
May 20 2020
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
SCOPE OF AUTHORITY
bull Does not alter materially the essence of the contract
bull Aligns with Board direction for modifications related to COVID-19 for In-Terminal Concessionaire contracts as adopted in New Business Item D
bull Fiscally prudent
bull Avoids unnecessary risk to the Aviation Authority
bull Complies with applicable law
May 20 2020
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
MISCELLANEOUS RELIEF NEEDED
CHIEF EXECUTIVE OFFICER MANDATE AND LIMITS
SCOPE OF AUTHORITY
RECOMMENDED ACTION
RECOMMENDED ACTION
It is respectfully requested that the Aviation Authority Board resolve to authorize the Chief Executive Officer to (1) negotiate and modify miscellaneous contracts regarding deferrals waivers or abatements not addressed in previous Board actions for contracts impacted by the COVID-19 virus consistent with previous Board action related to concessionaires (2) report back to the Board when the CEO uses this authority and (3) authorize execution of those agreements following satisfactory review by legal counsel
May 20 2020
AVIATION AUTHORITY BOARD MEETINGMAY 20 2020
Renewal of Contract 02-11Common Use Passenger Processing System and Common Use Self Service Operations and Maintenance Services with SITA
BACKGROUND
BACKGROUND (CONrsquoT)
ISSUES
SMALL BUSINESS PARTICIPATION
FISCAL IMPACT
RECOMMENDED ACTION
QUESTIONS
Approve Third Renewal Term for Schindler Elevator Corporation Purchasing Contract No 13-14
BACKGROUND
ISSUES
Slide Number 13
Slide Number 14
Slide Number 15
QUESTIONS
Award Roadway LandscapeMaintenance and Irrigation Servicesto Helping Hand Lawn Care LLCInvitation to Bid No 10-20
BACKGROUND
ISSUES
ISSUES
Slide Number 21
Slide Number 22
Slide Number 23
QUESTIONS
Financial Update to the Greater Orlando Aviation Authority BoardPost COVID-19
COVID-19 Global Pandemic Today
MCO Terminal Facilities
PASSENGER TRAFFIC TRENDS ndash Pre-COVID -19
Slide Number 29
Slide Number 30
Cost Cutting Measures Taken
Federal Coronavirus Aid Relief and Economic Security (CARES 10) Act
Debt Service Sinking Fund Payments Remitted to Trustee Monthly
Selected Financial Metrics- Weighted Average Forecast
FY21 TO FY20 RATES AND CHARGES COMPARISONWeighted Average Scenario
Relief Option Scenarios Considered
Relief Options ndash 90 Day Plan (Deferral or Waiver)
Airlines ndash 90-Day Deferral
Concessions 90-day Relief Deferral or Waiver Option
Rental Automobile Companies ndash 90 Day Waiver
Budget ComparisonsOrlando International Airport (in thousands)
FY 2020 Rates ndash Budget vs Projection
POTENTIAL DAYS CASH ON HANDUnrestricted Reserve Funds
PROJECTED DAYS CASH ON HAND13 All Funds
We Are All in this Togetherhelliphelliphellip
Recommendation to Authorize the Chief Executive Officer to Negotiate and Amend Various Tenant and Service Providers (Miscellaneous Contracts) not Related to Construction In-Terminal Concessionaires (ITC) Rental Automobile Concessions and Airlines Required to Address COVID-19 Impacts
