Except as otherwise herein provided, the board shall have the authority to govern the operation of the Waterloo municipal airport and the management of development of adjacent areas, including, but not limited to, the following powers and responsibilities:
A. Establish and enforce regulations for the control, operation, supervision and maintenance and security of the airport, provided such regulations do not conflict with existing city ordinances or with state or federal laws, rules or regulations.
B. Establish by regulation rates and charges for use of the airport, airport facilities or airport services, to support the operations and development of the airport, including passenger facility charges, except that admission charges and temporary parking charges for special events may be set by board resolution. The level of rates and charges shall be consistent with the operating and capital improvement budgets.
C. Negotiate and execute leases, concession agreements, and operating agreements of not to exceed three (3) years in duration for the use of real property and facilities under the jurisdiction of the Waterloo airport. Any leases, concession agreements or operating agreements for the use of real property and facilities under the jurisdiction of the Waterloo airport which exceed three (3) years in duration shall require approval by the city council. All agreements, concession agreements and operating agreements under the jurisdiction of Waterloo airport, which do not involve the lease or real property, may be negotiated and executed by the board.
D. Enter into contracts for public improvements contained in the city's capital improvements program (CIP) for the year of initiation when the funding from the general fund, general obligation bonds or state or federal grants is available or has been secured for the project. In awarding contracts for public improvements, the estimated cost of which exceeds twenty five thousand dollars ($25,000.00), the board shall follow the requirements of Iowa Code chapter 384, division VI and applicable provisions of this code. All references to the city council in those provisions shall be deemed to mean the airport board in their application as herein provided.
E. Buy, lease, sell or exchange supplies, equipment and materials and to procure services or work to the extent unencumbered funds are available for payment pursuant to the provisions of this code.
F. Develop for approval by the city council, maintain and follow yearly operating and capital improvement budgets included as part of the total city budget. The board shall submit its operating and capital budgets to the mayor for recommendation and transmittal to the city council in accordance with time tables established by the mayor. The board and the mayor shall jointly agree on the staffing levels which would be included in the operating budget. The board has discretion to transfer expenditures between operating budget account codes as necessary subject to approval of the finance committee of the city council. All expenditures and all transfers between account codes shall be reported to the finance department and shall be reflected in quarterly and annual reports prepared by the finance department. In the process of developing and administering the yearly budget, the board shall assure as a first priority the payment of principal and interest on general obligation bonds issued in the name of the city for airport purposes.
G. Develop and implement a marketing plan aimed at establishing the Waterloo airport as an economic generator and attraction for Waterloo and the state. The board shall engage in appropriate activities which will promote improvements and growth in scheduled passenger airline service, cargo service, general aviation use of the airport, as well air transportation related services for the community.
H. Create advisory committees and appoint members thereto, including both residents and nonresidents of the city. Individuals excluded from board membership because of their direct financial interest may be eligible for appointment to such advisory committees, subject to the limitations imposed by law.
I. Prepare and deliver to the city council an annual report covering program activities and financial status within one hundred twenty (120) days after the end of the fiscal year.
J. Organize, supervise, manage and direct the development of a trade and commerce center located adjacent to the Waterloo municipal airport.
K. Review and either approve or disapprove all plans associated with development or redevelopment of the airport.
L. Ensure that all airport revenues collected by or under board authority are credited to the general fund, and that all expenditures from said fund for airport purposes are done in accordance with applicable state and federal laws and regulations.
M. Maintain a positive cash balance at all times in airport operations.
N. Acquire by voluntary sale or gift property interests as necessary to implement an airport land use plan or other plan approved by the board. All such acquisitions shall be accepted and approved by the city council.
O. File with the city clerk for public inspection copies of minutes summarizing all board meetings, including resolutions and motions passed by the board within seven (7) days of the meeting at which the minutes were approved. The minutes at each preceding meeting shall be presented at the next meeting for approval by the airport board.
P. The board may prepare and present to the city council recommendations for the issuance of bonds, the amount to be financed, method of repayment and the expected revenues and necessary charges to be created in order to meet the debt repayments.
Q. Create subcommittees of the board, including, at least, an airport operations committee and an airport area development committee.
The delegation of power and responsibility to the board is strictly subject to the limitations imposed by any revenue bonds or obligations issued or outstanding which are payable from the revenues of the airport. (Ord. 4400, 12-13-1999)