Conway City Council will vote on a resolution accepting the City of Conway Municipal Airport Business Plan at their regular meeting Tuesday evening.
The business plan was designed to help the city "better clarify the concept of services provided and describe the process for further development," the document states. It will also be used as a checklist to help track the objectives.
The newly-released business plan is not an update to the master plan released in May 2004, but instead it focuses on how to manage the assets developed at the airport while complying with federal regulations.
When completed, the Conway Regional Airport is expected to function as a general aviation airport. A general aviation airport is one that has less than 2,500 annual enplanements or does not receive any scheduled commercial service. Tenants will be involved in several forms of aviation activity such as flight schools, aircraft maintenance and flying clubs. The city will operate and manage the facility.
The business plan proposes the establishment of a fixed base operator, an entity that functions as the service station providing aeronautical services such as fueling and storage.
When it comes to the finances of the airport, the business plan suggests the airport should aim to be financially self-sufficient by 2020, adopt an enterprise fund model to be implemented by 2015 and adopt a five year financial plan by January 2015.
The airport is part of the National Plan of Integrated Airport Systems and is eligible for federal Airport Improvement Program funds.
A full copy of the 120-page business plan can be found at www.cityofconway.org under the City Council tab.
Aldermen will vote on the business plan at their meeting Tuesday night at 6:30 p.m. at the Judge Russell L. "Jack" Roberts District Court Building.
(Staff writer Angela Spencer can be reached by email at firstname.lastname@example.org or by phone at 505-1212. To comment on this and other stories in the Log Cabin, log on to www.thecabin.net. Send us your news at www.thecabin.net/submit)