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Res 025-2010 2/16/2010 RESOLUTION NO. Resolution Authorizing Implementation Of A Customer Facility Charge At Wichita Falls Municipal Airport Of $3.00 Per Day Upon Each Wichita Falls Municipal Airport Rental Car Company's Customer Rental Contract WHEREAS, the City of Wichita Falls has undertaken a capital improvement program to facilitate major customer service improvements at Wichita Falls Municipal Airport, including planning and development of a new terminal building, and the City funds the airport operations in part with federal grants, passenger facility charges, and other user fees; WHEREAS, Customer Facility Charges (CFC) have been common financing tools for landside improvements at other airports; and WHEREAS, the City Council finds that it would be beneficial to the City and rental car companies to provide the new terminal and associated landside improvements to the traveling public including relocation of the rental car terminal facilities, ready return lots, and storage facilities using CFC revenue to finance these improvements. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, THAT: 1. The City Manager is hereby authorized to establish and periodically adjust, as required, a daily Customer Facility Charge upon each Wichita Falls Municipal Airport rental car company's customer rental contract. 2. The Customer Facility Charge will be collected on a daily basis for all cars rented for 24 or fewer hours for the first transaction day, and every 24 hours for each transaction day thereafter. 3. The Customer Facility Charge shall initially be established at $3.00 per transaction day. 4. The Customer Facility Charge shall be collected by all rental car companies operating at Wichita Falls Municipal Airport. 5. The Customer Facility Charge collected by the rental car companies shall be held in trust by the rental car companies for the benefit of the Airport and shall be remitted monthly to the City of Wichita Falls in accordance with procedures established by the City of Wichita Falls Director of Finance. 6. Rental car companies and their agents hold only a possessory interest in the Customer Facility Charge, and no legal or equitable interest. 7. The Customer Facility Charge referenced herein shall be collected commencing May 1, 2010. PASSED AND APPROVED this the 16 day of February, 2010. � MAYOR ATTEST: ��-. ity Clerk