WHEREAS, the Sarasota Manatee Airport Authority (the "Authority") is a body politic and corporate created by Chapter 2003-309, Laws of Florida, an amendment; and

WHEREAS, the Authority owns and operates the Sarasota Bradenton International Airport (the "Airport") and

WHEREAS, it is the desire of the Authority to increase air service to the Airport, foster competition, and promote the economic development of the region; and

WHEREAS, the Authority proposes to take affirmative measures to ensure the future viability of the airport and the economic well-being of the community; and

WHEREAS, it has been demonstrated through survey research that each additional domestic passenger spends an average of $21.22 per visit to the Airport; and

WHEREAS, each additional enplaned passenger provides $4.50 in Passenger Facility Charge revenue and incremental increases in Federal Airport Improvement Program entitlement funds based upon the statutory formula.

NOW, THEREFORE, BE IT RESOLVED that the Authority hereby extends and updates Resolution 2019-02 and 2020-07 until October 18, 2022, offering airline marketing and/or support funds as outlined in the attached Sarasota Manatee Airport Authority (SMAA) Air Carrier Incentive Program (ACIP) dated October 19, 2020.

BE IT FURTHER RESOLVED this resolution shall supplement Resolutions No. 2019-02 and any successor resolution establishing air carrier incentives at the Airport.

PASSED AND ADOPTED this 19th day of October 2020.

SARASOTA MANATEE AIRPORT AUTHORITY

ATTEST:

By

Kristin Incrocci, Chairman

Doug Holder, Secretary