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ACRP Report 47: Guidebook for Developing and Leasing Airport Property (2011)
Airport Cooperative Research Program (ACRP)

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Crider, Rick, Preisler, Matthew, Autin, Erin, Roth, Sanders, Fulton, Stephanie, Swartzlander, Julie, Tharp, Gary, Transportation Research Board. "Appendix B - Acronyms." ACRP Report 47: Guidebook for Developing and Leasing Airport Property. Washington, DC: The National Academies Press, 2011.

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Page
104
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Page
104
Front Matter (R1-R11)
Summary (1-4)
1.1 Purpose of This Guidebook (5-5)
1.2 How to Use This Guidebook (6-6)
1.3 Research Approach (7-9)
2.1.1 Aeronautical Versus Nonaeronautical (10-10)
2.1.2 Land Lease (11-11)
2.1.5 Hangar Rental Agreement (12-12)
2.1.7 Airline Leases (13-14)
2.2 Essential Lease Elements (15-15)
2.2.4 Use of Premises (16-16)
2.2.6 Rent (17-17)
2.2.8 Operation and Maintenance (18-18)
2.2.10 Reversion/Reversionary Clause (19-19)
2.2.12 Rights, Reservations, and Obligations of Lessee (20-20)
2.2.15 Insurance Obligations (21-21)
2.2.16 Environmental (22-22)
2.2.17 Taxes and Fees (23-23)
2.2.19 Defaults (24-24)
2.2.21 Regulatory Compliance (25-25)
2.2.25 Force Majeure (26-26)
2.3.1 Noncompete Clause (27-27)
2.3.2 Right of First Refusal (28-28)
2.3.4 Term Extension Options (29-29)
Chapter 3 - Airport Owner/Sponsor Role (30-30)
3.1.1 Airport Master Plan (31-31)
3.1.2 Infrastructure Inventory Analysis (32-32)
3.1.4 Airport Business Plan (33-33)
3.2 Grant Assurances and Federal Compliance (34-34)
3.2.2 Community Considerations (35-35)
3.2.3 Land Management Compliance (36-36)
3.2.5 Business Practice Assurances (37-37)
3.2.6 Exclusive Rights (38-38)
3.2.7 Environmental Compliance (39-39)
3.3 Minimum Standards and Rules and Regulations (40-41)
3.5 Stakeholder Coordination (42-42)
3.5.2 Economic Development Agencies (43-43)
3.5.5 Colleges and Universities (44-44)
3.5.7 Federal Government (45-45)
3.6 Sociopolitical Considerations (46-46)
3.6.3 The Economic Development Role (47-47)
3.6.4 Incentives and Assurances (48-48)
4.1 Existing Agreements (49-49)
4.3 Funding (50-50)
4.4 Land and Facility Development (51-51)
4.5.1 Appraisal (52-52)
4.6 Airport Revenue Maximization (53-53)
4.7 External Stakeholder Resources (54-54)
5.1.1 Funding (55-55)
5.1.2 Quantifying Benefits - Pro Forma Analysis (56-56)
5.1.3 Capital Recovery Rates (57-57)
5.2.1 Return on Investment (58-59)
5.2.2 Financial Effects of Lease Components (60-60)
5.3.1 Debt/Equity Coverage (61-61)
5.4.1 Tax-Exempt Debt (62-62)
5.4.2 Private Financing (63-63)
5.6 Funding Sources (64-64)
5.6.1 Airport Improvement Program (65-65)
5.6.3 Alternative Grant Sources (66-66)
5.6.4 Private Capital (67-67)
6.1.1 Airport Planning (68-68)
6.1.4 Economic Impact Considerations (69-69)
6.2 Lease Execution (70-70)
6.2.3 Lease Rate Determination (71-71)
6.2.5 Reversion (72-72)
6.3.1 Project Analysis Checklist (73-73)
6.3.2 Lease Agreement Checklist (74-76)
Case Study Summaries (77-77)
Collin County Regional Airport (TKI) (78-79)
Monroe County Airport (BMG) (80-81)
Coastal Carolina Regional Airport (EWN) (82-83)
New Bedford Regional Airport (EWB) (84-84)
Albany International Airport (ALB) (85-87)
Baton Rouge Metropolitan Airport (BTR) (88-89)
Pittsburgh International Airport (PIT) (90-91)
Ted Stevens Anchorage International Airport (ANC) (92-93)
George Bush Intercontinental Airport/Houston (IAH) (94-95)
Tampa International Airport (TPA) (96-99)
Project Attributes Matrix (100-101)
Project Stakeholder Matrix (102-103)
Appendix B - Acronyms (104-105)
Appendix C - Glossary (106-122)
Appendix D - References and Bibliography (123-126)
Appendix E - Nominated Airport Projects (127-129)
Abbreviations used without definitions in TRB publications (130-130)

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OCR for page 104
APPENDIX B Acronyms AC Advisory Circular ACIP Airport Capital Improvement Plan AGL Above Ground Level AIP Airport Improvement Program ALP Airport Layout Plan AOA Air (or Aircraft) Operations Area APO FAA Office of Aviation Policy and Plans APP FAA Office of Airport Planning and Programming ARC Airport Reference Code ARRA American Recovery and Reinvestment Act AWOS Automated Weather Observing System CAM Common Area Maintenance CDFA Catalog of Federal Domestic Assistance CFR Code of Federal Regulations CIP Capital Improvement Plan COG Council of Governments CPI Consumer Price Index CRCF Consolidated Rental Car Facility dba Doing Business As dBA Weighted Sound Level DNL Average Day-Night Sound Level DOD Department of Defense DOT Department of Transportation EA Environmental Assessment EDA/EDC Economic Development Agency/Economic Development Corporation EIS Environmental Impact Statement EPA Environmental Protection Agency FAA Federal Aviation Administration FAR Federal Aviation Regulations FBO Fixed-Base Operator F&E Facilities and Equipment FHWA Federal Highway Administration FMV Fair Market Value FTA Federal Transit Administration GA General Aviation GIS Geographic Information System HUD Housing and Urban Development ILS Instrument Landing System 104

OCR for page 105
Acronyms 105 INM Integrated Noise Model LCDC Land Conservation and Development Commission LEED Leadership in Energy and Environmental Design LLC Limited Liability Corporation LOI Letter of Intent MAI Member of the Appraisal Institute MPO Metropolitan Planning Organization MRO Maintenance, Repair, and Overhaul MSL Mean Sea Level NAS National Airspace System NAVAID Navigational Aid NCP Noise Compatibility Plan NEM Noise Exposure Map NEPA National Environmental Policy Act NLR Noise Level Reduction NPIAS National Plan of Integrated Airport Systems NPS National Priority System O&M Operation and Maintenance PFC Passenger Facility Charge RFP Request for Proposal RPC Regional Planning Council or Regional Planning Commission RPZ Runway Protection Zone RSA Runway Safety Area RTP Regional Transportation Plan R/U Rentable/Usable RZED Recovery Zone Economic Development RZF Recovery Zone Facility SASO Specialized Aeronautical Service Operator TAC Technical Advisory Committee TAF Terminal Area Forecast TDR Transfer of Development Rights TERPS United States Standard for Terminal Instrument Procedures TIA Tenant Improvement Allowance TSA Transportation Security Administration TTF Through-the-Fence UBC Uniform Building Code UGB Urban Growth Boundary