Calculation of Landing Fee Rate Sample Clauses

Calculation of Landing Fee Rate a. Each year, City will calculate the Airport Landing Fee Requirement for the applicable Fiscal Year by totaling the following amounts: 1. The total of direct and indirect estimated Maintenance and Operating Expenses allocable to Airfield Area. Direct expenses are those that can be assigned either because of specific use or can be allocated based on given criteria such as square footage, man-hour units, Enplaned Passengers, management decision. Indirect expenses (airport management and support as well as City indirect charges) are allocated based on direct expenses for each cost center as a percentage of total direct expenses of all cost centers. 2. The total of Capital Outlays allocable to the Airfield Area. 3. An amount equal to 1.25 times the Annual Debt Service on all Bonds allocable to the Airfield Area or such other amount as may be required by the Bond Ordinance in effect, less amounts paid by other sources (e.g. PFC revenues). 4. The amount of any deposit to the Maintenance and Operating Reserve allocable to the Airfield Area required by the Bond Ordinance in effect. 5. The estimated amount of any assessment, judgment, or charge (net of insurance proceeds) to become payable by City relating directly to the Airport, or its operation, allocable to the Airfield Area. 6. The amount required to replenish any Bond Reserve Fund allocable to the Airfield Area. 7. Less previous year debt service coverage amount, as defined in accordance with “Prior Period Debt Service Coverage” in this Article 6 as allocable to the Airfield Area. 8. Less a portion of “Competitive Credit” as defined in this Article 6 as allocable to the Airfield Area. b. From this total, City will deduct the estimated fuel flowage fees and XXX fees allocable to the Airfield Area to yield the Net Airfield Area Requirement. c. The Landing Fee rate per one thousand (1,000) pound units of Landed Weight will then be calculated by dividing the Net Airfield Area Requirement by total Landed Weight of Aircraft Arrivals. d. The Landing Fee for each airline will be calculated by multiplying Airline’s total Landed Weight for the month by the Landing Fee rate then in effect.

Calculation of Landing Fee Rate. City shall calculate the Landing Fee Rate by dividing the Airfield Rate Base Requirement by the forecast aggregate Maximum Gross Landed Weight for all Signatory Airline aircraft greater than 12,500 pounds landing at the Airport during the Fiscal Year.‌

Calculation of Landing Fee Rate. A. For the use of the airfield at Miami International Airport, each Airline shall pay the County monthly landing fees determined by multiplying the Total Maximum Gross Landed Weight for all the aircraft it landed using the month by the then-current Landing Fee Rate. The Aviation Department shall calculate the Landing Fee Rate in the following manner and as illustrated in the attached exhibit. Page 93 of 153 B. Revenue Requirement. The Revenue Requirement for the period of the fee calculation shall be estimated on a cash basis by totaling the following amounts: 1. Estimated Principal and Interest Requirements2 on bonds then outstanding and on bonds to be issued during the period of the fee calculation; 2. A coverage margin calculated as 20 percent of the estimated Principal and Interest Requirements; 3. Estimated Current Expenses; 4. Estimated change in the operating reserve for Current Expenses, which reserve is calculated as a percentage (not to exceed 20%) of estimated Current Expenses; 5. Estimated deposit, if any, from Revenues to the Bond Reserve Account required to meet the reserve requirement; 6. Deposit to the Reserve Maintenance Fund in the amount recommended by the Consulting Engineers; 7. Estimated debt service payable from Revenues on commercial paper then outstanding and on commercial paper to be issued during the period of the fee calculation, including amounts necessary to make hedge or termination payments; 8. Estimated debt service and revenue covenant requirements payable from Revenues on other indebtedness (including, for example, subordinate debt, PFC debt, or general obligation bonds) then outstanding and on other indebtedness to be issued during the period of the fee calculation; 9. Estimated deposits to funds and accounts payable from Revenues that may be required in connection with commercial paper or other indebtedness; and 10. Costs of Aviation Development Facilities (ADF), if any, that may be payable from Revenues pursuant to a merger of ADF and Port Authority Properties net of ADF revenues related to such costs. The Revenue Requirement does not include any charge for depreciation, imputed interest, or amortization on costs financed from moneys in the Aviation Capital Account.