CONFIDENTIAL DRAFT Confidential Position Specification Reno-Tahoe Airport Authority President & Chief Executive Officer March 2020 CONFIDENTIAL POSITION SPECIFICATION Position President & Chief Executive Officer Company Reno-Tahoe Airport Authority Location Reno, Nevada Reporting Relationship Reports to the Board of Trustees Website https://www.renoairport.com COMPANY BACKGROUND The Reno-Tahoe Airport Authority (“the Authority”, “RTAA”, or “the airport”) is the owner and operator of Reno-Tahoe International Airport (RNO) and Reno-Stead Airport (RTS), a general aviation facility. The RTAA is an independent entity that is not part of any other unit of local government and does not use local property or sales tax revenue to fund its operation. The Authority is governed by a nine-member Board of Trustees, operates as a business, and receives no local tax dollars. The Reno-Tahoe International Airport is a very important asset to the region, with the 4.4 million passengers going through the airport in 2019 (66th busiest in the United States), bringing $3.2 billion in economic impact to the region. The Authority employs approximately 280 direct airport staff and over 2,400 other staff work on airport premises for various tenants and other companies. RNO is located just five minutes from downtown Reno, therefore, it is literally and figuratively at the heart of the community and only 40 minutes from some of the finest ski resorts and outdoor recreation in the world. The airport makes the all-important first and last impression on passengers coming and going from the region. The Airport truly plays a vital role for the hotel casinos, ski resorts, golf courses, the University of Nevada, and a growing restaurant scene and high-tech business district. Mission Statement The Authority features a clear mission statement - “We Move You! We Bring the World to Reno- Tahoe and Reno-Tahoe to the World.” The mission statement is further detailed as follows for key stakeholder groups: . People – We not only move individuals from place-to-place, but we MOVE them by providing a memorable, positive travel experience. This speaks to customer service, as well as the cleanliness, safety, and efficiency of our facilities. We Move You! . Businesses – We help businesses meet their objectives by affording them efficient, cost- effective, and convenient travel routes. We also offer facilities for tenants and vendors. We also bring customers to them. This speaks to our marketing and business development functions. We Move You Forward! . Air Transportation Industry – We help our industry advance by actively participating in development of new equipment, processes, and technology such as Unmanned Aircraft RTAA | President & Chief Executive Officer 1 System (UAS) development. We provide facilities for UAS testing. We Move You Upward! . Communities – We provide and stimulate economic opportunity and growth for the communities in our catchment area. We serve the community by bringing goods and resources into the region. We are the community’s gateway to the rest of the world. In direct and indirect ways, we improve life and living in the Reno-Sparks-Tahoe community. We Move Together! . Employees – We invest in our employees, and we treat them with respect. Through career development, wages and benefits, health programs and benefits, team building activities and employee assistance programs, we help our employees achieve their goals and to live healthy and happy lives. We Move as One! Core Values The employees of the Authority have themselves adopted THRIVE - a set of organizational values, since approved by leadership and the board. These values serve as the guiding principles for all Authority employees: THRIVE: Teamwork for Results Honesty & Integrity Respect & Recognition Inspire & Innovate Versatility Enthusiasm for Excellence More details on THRIVE are provided in Appendix A. Facts & Figures Some key facts and figures for Reno-Tahoe International Airport for 2019 include: . More than 130 daily commercial aircraft movements. More than 12,200 daily passenger arrivals and departures, representing 4.45 million annually. Approximately 402,000 daily pounds of cargo handled, representing 147 million pounds annually. Both Air Force One and the Concorde have landed at RNO. Reno-Tahoe International Airport is considered a small hub airport. Air Service Passenger Air Service: Ten different airlines offer service at Reno-Tahoe International – Alaska Airlines, Allegiant Air, American Airlines, Delta Air Lines, Frontier Airlines, jetBlue Airways, JSX, Southwest Airlines, United Airlines, and Volaris. The airport’s 50/50 mix of major and low-cost carriers offers the traveling public an excellent choice of air service options, with over 20 non-stop destinations. RTAA | President & Chief Executive Officer 2 Cargo Air Service: In addition to its outstanding passenger air service, Reno-Tahoe International is proud to be part of a region focused on air cargo. Ideally located, the Reno-Tahoe region and Northern Nevada serve as home for numerous West Coast distribution centers, online fulfillment centers and the Tahoe/Reno Industrial Center, which at completion, will be the largest industrial park in the world. Reno-Tahoe International’s air cargo carriers include DHL, FedEx Express, and UPS, as well as numerous ad-hoc charters throughout the year. Reno-Tahoe International is capable of handling all cargo aircraft. Key air service development opportunities going forward include: . More domestic non-stop destinations; . Selected international destinations, with a focus on Canada and Western Europe; RTAA | President & Chief Executive Officer 3 . Diversifying the number of air carriers so as to ensure strong competition; and . Air cargo, building on an already strong base. Airport Infrastructure The terminal at RNO has 23 gates on two concourses. The airport features a three-runway system and other modern equipment and covers more than 1,450 acres at an elevation of 4,415 feet: . Runway 16R/34L (western parallel runway running north-south) - 11,002 feet long, Approach Path Indicators (PAPI), Instrument Landing System (ILS), and VHF Omnidirectional Radio Range (VOR) Approach; . Runway 16L/34R (eastern parallel runway running north-south) - 9,000 feet long, including PAPI, Runway End Identifier Lights (REILs) and VOR Approach; . Runway 7/25 (east-west cross-wind runway) - 6,102 feet long, including PAPI and REILs; . High intensity Runway Lighting (HIRL) and lighted centerlines on Runways 16R and 16L allow reliable, all weather operations; and . Federal Aviation Administration (FAA) staffs and operates 24-hour air traffic control tower. Atlantic Aviation and Stellar Aviation are fuel providers for general aviation traffic at RNO, with Stellar Aviation embarking on the development of a new fixed base operation. Significant tenants include the base for the Nevada Air National Guard, a Dassault Falcon maintenance facility, the Hyatt Place Hotel, and the Aloft Hotel. Reno-Stead Airport is a 5,000-acre general aviation facility owned and operated by the Reno- Tahoe Airport Authority. Home of the National Championship Air Races and one of six airports in the country to be an FAA Designated UAS (drone) test range, Reno-Stead Airport is quickly becoming a major economic hub in northern Nevada. More information on Reno-Stead is available at https://www.renoairport.com/reno-stead Financials The RTAA is financially self-sufficient, meaning that it is funded through airport operations and not local taxes. FY2018-19 total operating revenues were $53.4 million from two key sources: airline and non-airline revenues. While airlines contribute 31% of the revenue stream based on cost recovery calculations negotiated in the airline use and lease agreement, the remaining 69% is generated by non-airline sources such as public parking fees and rents collected from airport tenants, concessionaires, and hangar and land leases. For fiscal year 2019, the RTAA has an operating budget of $42 million and a capital improvement program of $39 million. RNO is a cost-effective airport for airlines with a budgeted cost per enplaned passenger (CPE) of $7.07 in FY2018-19. In addition, the RTAA has very little outstanding debt at $16 million. With a Debt per Enplaned Passenger ratio of $7.75, the RTAA has been highly conservative in its borrowing and is therefore well positioned to fund future capital improvement needs. This ratio compares favorably with the United States industry median of $69.44 per enplaned passenger, per Moody’s Investor Services. RTAA | President & Chief Executive Officer 4 Economic Development The Reno-Tahoe Airport Authority (RTAA) offers cost-effective long-term ground leases allowing for full amortization of the building investment. RTAA has two distinct airports that can meet aviation- related airside access site selection requirements as well as distribution and warehousing site selection criteria. RTAA's goal is to provide companies with the best facility location and business environment in the West. Advantages of operating on Airport Authority property: . 57 million customers within one-day transit; . 62 million customers within two-day transit; . A new 24/7 control tower, operational as of 2010; . 24/7 operations (police, fire, snow removal); . Outstanding snow removal equipment and capabilities; . 24/7 on-site Customs; . Two Instrument Landing Systems (redundancy) and GPS approaches on all six ends . Large ramp; . Rare airside access at two airports; . Sufficient runway length; . Airfield