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March 29, 2018 City Council Regular Meeting
14. Motion to Approve Five-Year Contract for Airport Business and Financial Consulting with DKMG Consulting, LLC and Ricondo & Associates, Inc.
Strategic Priority

The Savannah Airport Commission recommends approval to enter into a five-year agreement with DKMG Consulting, LLC and Ricondo & Associates Inc. for airport business and financial consulting. The Airport Commission is embarking on a 5- to 7-year capital expansion improvement program, and plans to utilize KPMG and Ricondo to assist with several upcoming large-scale tasks that include capital financing options/processes; tenant relocations and lease negotiations; and airline negotiations. 

Staff is projecting a cumulative expenditure in the amount of $300,000.00 between the two firms during year one for the following services:

  • financial planning for capital improvement program
  • cash flow projections, planning, management, and strategies
  • financing options and the financing process
  • tenant lease negotiations and lease contract language striving for cost recovery
  • tenant relocation negotiations and strategies
  • analyze proposed funding source plans
  • provide other financial / business consulting service as required
  • assist in strategies, methodologies, and terms related to tenant buyout initiatives
  • development of airline lease agreements to include low volume carriers


Brooks Stillwell, City Attorney
Financial Impact
$300,000.00 (year one) in Savannah Airport Commission funds
Review Comments
airport-business-and-financial-consultant (1).pdf
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