Ramon L. Van Sickle
D/B/A
INDIANAPOLIS TERRY AIRPORT
11355 E. STATE ROAD 32, ZIONSVILLE, INDIANA 46077
(317) 769-3288
October 26, 2001
Micheal A. Howard
Attorney At Law
694 Logan Street
Noblesville, Indiana 46060
Re: Indianapolis Terry Airport
Dear Mr. Howard,
We have owned and operated the Indianapolis Terry Airport since 1965. The value and investment in the Terry Airport is prepared by first listing the items which could anticipate AIP Participation. This is only this documents opinion and does not represent FAA approval.
|
Land
|
|
| Outer Marker Land |
$ 15,600
|
| Parcels 1 and 2 210 acres @ $19,800 |
4,158,000
|
| Less Parcel 2A and 2B |
48,000
|
|
TOTAL LAND
|
$ 4,125,600
|
|
Infrastructure
|
|
| Existing Airport Terminal Building |
$ 40,000
|
| T-hanger One |
50,000
|
| T-hanger Two |
50,000
|
| A Frame |
4,000
|
| 100 Oct. Fuel Facility |
10,000
|
| Localizer |
75,000
|
| Glide Slope |
75,000
|
| Marker Beacons |
3,000
|
| Original Runway Pavement (5,160' x 75' = 43,000 Sq. Yds. @ $4.00 |
172,000
|
| Taxiway Apron Pavement Outside RPZ (3,900 Sq. Yds.) |
11,600
|
|
TOTAL INFRASTRUCTURE
|
$ 490,600
|
|
The Following Land has been Acquired with AIP Funding
|
|
| AIP 01 - Parcel 3, 40.62AC |
$ 109,555
|
| AIP 03 - Parcel 5, 20.642AC |
71,148
|
| AIP 05 - Parcel 4, 120AC |
314,429
|
| AIP 06 - Parcel 6 and 7, 132.8AC |
874,570
|
|
TOTAL
|
$ 1,369,702
|
|
x 5%
|
$ 68,485
|
| Total Anticipated to be AIP Eligible |
$ 4,684,685
|
| 5% of Parcel 3 eligible for State Participation |
$ 5,467
|
|
The Following Development was Constructed with AIP Funding
|
|
| AIP 01 - Drainage system and detention reservoir |
$ 818,217
|
| AIP 02 - Reconstruct R/W 18-36 (5,000' x 1,000'), HIRL, REIL Rotating Beacon |
1,362,123
|
| AIP 03 - Aircraft Apron, connecting and Partial Parallel T/W, Access Road |
1,085,329
|
| AIP 04 - R/W Extension (500' x 100'), Connecting and Partial Parallel T/W T-hanger T/W PAPI |
1,175,851
|
|
TOTAL
|
$ 4,441,520
|
|
x 5%
|
$ 222,076
|
|
The Following Items are Probably not AIP Eligible
|
|
| Foundation and Framework for new Hanger |
$ 33,000
|
| T-hanger Three |
49,000
|
| Corporate Hanger |
42,000
|
| Temporary Line Trailer |
5,000
|
| Jet Fuel Facility |
25,000
|
|
TOTAL
|
$ 154,000
|
| The existing large maintenance hanger and storage hanger are not owned by the airport. |
|
|
The Following was non AIP Eligible Item was Constructed with AIP Items
|
|
| Auto Parking |
$ 8,742
|
|
|
|
|
TOTAL VALUE AND INVESTMENT
|
$ 5,074,970
|
The land value was determined by appraisal of the 40 acre Parcel 2 required by FAA for owner participation value in Parcels 2A and 2B. The professional value should be obtained by acquiring an appraisel and review per AC 150/5100-17.
We have asked our Consulting Engineer, Mid-States Engineering to provide an analysis of conditions, which exist at the airport.
Yours Truly,
Ramon L. Van Sickle
cc: Mid-States Engineering
Mike Andreoli