TAMRMS#: B06
8.4
title
Air Services Opportunity Fund
Presented by: Cathy Heron, Mayor and Kevin Scoble, CAO
label
RECOMMENDED MOTION
recommendation
WHEREAS the City of St. Albert has been asked to contribute $719,000 from June 2021 through 2023 to an Air Services Opportunity Fund, to assist the Edmonton Metropolitan Region in recovering from the effects of the pandemic-related economic
downturn by reversing the decline over the past 18 months in national and international air connections and in other associated services at the Edmonton International Airport;
AND WHEREAS, despite the primarily commercial purpose of an Air Services Opportunity Fund, proposed contributions to the Fund from regional municipalities have been calculated using utilizing the Edmonton Metropolitan Region Board (EMRB) Cost
Allocation model which determines a municipality’s proportionate share of the cost of an initiative on the basis of population and equalized assessment;
AND WHEREAS St. Albert’s equalized assessment is based on more than 84% residential assessment, which is a significantly higher residential assessment base than that of many municipalities in the region;
AND WHEREAS the City of St. Albert desires development of an alternative funding model more representative of benefits received by contributing municipalities and/or potential investment recovery, in full or in part, and/or incremental benefit for Years 2
and 3 of the 3-year Air Services Opportunity Fund;
AND WHEREAS Edmonton Global has decided it will not undertake development of an alternative funding model for the Air Services Opportunity Fund;
AND WHEREAS the Council of the City of St. Albert acknowledges the position of Edmonton Global and the Edmonton Regional Airports Authority that failing to establish the Air Services Opportunity Fund with funding of $15 Million could result in
significant implications for the region’s economic recovery and long-term competitiveness and growth;
AND WHEREAS the ...
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