Property Tax Analysis Presentation

Comparison of Airports

Airport Airport Runway Runway Airport Airport Based 2009

Code Length Width Acreage Level Aircraft Operations

6A2 Griffin Spalding 3701 ft 75 ft 201 ac. II 70 7,424

FCC Peachtree City-Falcon 5219 ft 100 ft 328 ac. III 221 74,825
Field
CCO Newnan Coweta County 5500 ft 100 ft 252 ac. III 135 29,930
OPM Thomaston-Upson County 6351 ft 100 ft 248 ac. III 64 16,060
 NEWNAN COWETA
COUNTY AIRPORT

Calvin Walker, Airport Manager

Approaches: Localizer, ILS

Pending
Ground Transportation: Taxi
and Rental Car
NEWNAN COWETA COUNTY AIRPORT

Stan Thomas Enterprises

NEWNAN COWETA COUNTY AIRPORT

Gulfstream 550

Citation CJ
NEWNAN COWETA COUNTY AIRPORT Aircraft Property Tax Analysis - Griffin-Spalding Airport

2009 Tax Analysis

Griffin's Spalding Co School System Total Annual

Appraised Value Assessed Value 8.638 Mills 13.88 Mills 18.80 Mills Property Tax Revenue

Newnan-Coweta Airport

1 Citation Mustang $ 3,450,000.00 $ 1,380,000.00 $ 11,920.44 $ 19,154.40 $ 25,944.00 $ 57,018.84

1 Gulfstream 150 $ 14,950,000.00 $ 5,980,000.00 $ 51,655.24 $ 83,002.40 $ 112,424.00 $ 247,081.64

1 Gulfstream 550 $ 37,500,000.00 $ 15,000,000.00 $ 129,570.00 $ 208,200.00 $ 282,000.00 $ 619,770.00

2 Cessna CJ $ 35,900,000.00 $ 14,360,000.00 $ 124,041.68 $ 199,316.80 $ 269,968.00 $ 593,326.48

1 Cessna Citation X $ 15,495,000.00 $ 6,198,000.00 $ 53,538.32 $ 86,028.24 $ 116,522.40 $ 256,088.96

Total Taxes $ 370,725.68 $ 595,701.84 $ 806,858.40 $ 1,773,285.92

Griffin Spalding Airport $ 2,017,500.00 $ 807,000.00 $ 6,970.87 $ 11,201.16 $ 15,171.60 $ 33,343.63

$ 73,701.05
Griffin Spalding Hangers $ 4,459,379.00 $ 1,783,751.60 $ 15,408.05 $ 24,758.47 $ 33,534.53

Total Property Taxes $ 6,476,879.00 $ 22,378.91 $ 35,959.63 $ 48,706.13 $ 107,044.67

 PEACHTREE CITY
AIRPORT
FALCON FIELD

John Crosby, Airport Manager

Approaches: Localizer, ILS Pending

Ground Transportation: Courtesy

Cars and Taxi
 PEACHTREE CITY
AIRPORT
FALCON FIELD

Aircraft Spruce- Formerly in Griffin

Gardner Aviation- Formerly in Griffin

 PEACHTREE CITY AIRPORT
FALCON FIELD

Dassault Falcon 50
Citation II

Citation X
 PEACHTREE CITY AIRPORT
FALCON FIELD
Aircraft Property Tax Analysis - Griffin-Spalding Airport

2009 Tax Analysis

Griffin's Spalding Co School System Total Annual

Appraised Value Assessed Value 8.638 Mills 13.88 Mills 18.80 Mills Property Tax Revenue

Falcon Field Peachtree City

1 Dassualt Falcon $ 24,950,000.00 $ 9,980,000.00 $ 86,207.24 $ 138,522.40 $ 187,624.00 $ 412,353.64

1 Cessna Citation II $ 19,825,904.00 $ 7,930,361.60 $ 68,502.46 $ 110,073.42 $ 149,090.80 $ 327,666.68

1 Dassult Falcon $ 17,950,000.00 $ 7,180,000.00 $ 62,020.84 $ 99,658.40 $ 134,984.00 $ 296,663.24

1 Cessna Citation X $ 15,495,000.00 $ 6,198,000.00 $ 53,538.32 $ 86,028.24 $ 116,522.40 $ 256,088.96

Total Property Taxes $ 270,268.87 $ 434,282.46 $ 588,221.20 $ 1,292,772.52

Griffin Spalding Airport $ 2,017,500.00 $ 807,000.00 $ 6,970.87 $ 11,201.16 $ 15,171.60 $ 33,343.63

Griffin Spalding Hangers $ 4,459,379.00 $ 1,783,751.60 $ 15,408.05 $ 24,758.47 $ 33,534.53 $ 73,701.05

Total Property Taxes $ 6,476,879.00 $ 22,378.91 $ 35,959.63 $ 48,706.13 $ 107,044.67

 THOMASTON-UPSON
COUNTY AIRPORT

Mitch Ellerbee, Airport Manager

Approaches: ILS
Ground Transportation: Courtesy Car,
Limousine, Taxi, Rental Car
THOMASTON-UPSON
COUNTY AIRPORT

Industrial and Business Park

THOMASTON-UPSON
COUNTY AIRPORT
 THOMASTON-UPSON COUNTY
AIRPORT
Aircraft Property Tax Analysis - Griffin-Spalding Airport

2009 Tax Analysis

Griffin's Spalding Co School System Total Annual

Appraised Value Assessed Value 8.638 Mills 13.88 Mills 18.80 Mills Property Tax Revenue

Thomaston Airport

$ 51,234.32
1 Cessna Citation Ultra $ 3,100,000.00 $ 1,240,000.00 $ 10,711.12 $ 17,211.20 $ 23,312.00
$ 51,234.32
1 Cessna Citation Ultra $ 3,100,000.00 $ 1,240,000.00 $ 10,711.12 $ 17,211.20 $ 23,312.00

Total Taxes $ 21,422.24 $ 34,422.40 $ 46,624.00 $ 102,468.64

$ 33,343.63
Griffin Spalding Airport $ 2,017,500.00 $ 807,000.00 $ 6,970.87 $ 11,201.16 $ 15,171.60
$ 73,701.05
Griffin Spalding Hangers $ 4,459,379.00 $ 1,783,751.60 $ 15,408.05 $ 24,758.47 $ 33,534.53
$ 107,044.67
Total Property Taxes $ 6,476,879.00 $ 22,378.91 $ 35,959.63 $ 48,706.13
GRIFFIN AIRPORT PROPERTY TAX -2005
AIRCRAFT Total: $75,698
HANGER Total: $80,769
TOTAL AIRPORT TAX = $156,467

GRIFFINAIRPORT PROPERTY TAX -

2009
AIRCRAFT Total: $33,343
HANGER Total: $73,701
TOTAL AIRPORT TAX = $107,044
2009 – 2012 City and County will contribute local funds for
the study and environmental Ph I & II………..$1Milllion
 Potential Funding Prior to Reimbursement
2009 – Site Selection Study……………….…....$305,000
2010 – Environmental Ph I………………..….…$360,000
2011 – Master Plan / ALP / Permitting..………..$430,000
City and County General Fund………………...$1,050,000
FAA Reimbursement at 95%.............................. $997,500
2012 – Local funds required………..$5.2 Mil
Net local funds required …....$4.2 Mil
• Development Authority Revenue Bonds
• Fund $4.2 million for land acquisition in 2012
• 95% is Reimbursed by the FAA
2013 & 14 – Grading & Drainage………..….$510,000
2015 – Airport Construction..…………….….$650,000
2016 – Airport and Terminal…..…...............$1,197,500
City and County Cost…....………………... $2,357,500
*All cost illustrated are estimates
 Potential Funding Prior to Reimbursement
• Development Authority Revenue Bond or Loan
Fund $2.3million local commitment thru 2016
• Combination of Development Authority Revenue
Bonds and Sale of Existing airport property will fund
cost of tenant relocation est. $8+/- million.
• FAA and GDOT will grant all other costs associated
with airport development $55 to $60 million of
preferred site.

SPLOST in 2014:
• Fund New Terminal Building
• Fund Acquisition of existing properties at old airport
• Fund New Hangers at new Airport
• Fund Industrial Infrastructure for new Business Park
 IN CONCLUSION
Through a unanimous vote, the Airport Advisory Board
makes the following recommendation to the City and
County Commissioners:

To Develop our economic engine, the Griffin-Spalding County

Airport (Gateway to Griffin /Spalding) to a Level III, ILS
Airport, to encourage the growth and development of Griffin,
Spalding County and the Four County Region