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Exhibit "A" <br /> Findings and Recommendations of ad hoc <br /> Airport Area Steering Group <br /> Key Airport Area Findings <br /> 1. Airport Area presents significant economic promise due to land availability that is under single <br /> ownership, existing and expandable City infrastructure, appropriate zoning, and location <br /> 2. A live, work, and play environment in the Airport Area is the desirable outcome and achievable if these <br /> elements are aligned through integrated planning and development of compatible land uses <br /> 3. Significant retail development opportunities will occur in the SR 89 and SR 89A corridors in the next 3— <br /> 4 years due to newly approved housing developments in Prescott and Prescott Valley <br /> 4. The Airport Area can be the Greater Prescott hub for new manufacturing and distribution enterprises <br /> 5. The Airport Area presents an excellent opportunity for the City to be creative in its housing policies <br /> with a goal of broadening the mix of types and prices <br /> 4111111. <br /> Key Airport Findings <br /> 1. The Airport is an underutilized City asset <br /> 2. The future economic success will be defined by the City's ability to extend and strengthen the main <br /> runway <br /> 3. The Airport needs updating and new capital investment to realize its economic development potential <br /> while preserving safety and protection from incompatible land uses <br /> 4. Cognizance of airport improvements and how they relate to air traffic management and noise on the <br /> surrounding must be continuous <br /> 5. Airport development requires a long-term financial commitment of the City, but one that will leverage <br /> a ROI of between 8 and 10:1 <br /> 6. The priorities and timing of airport improvements are heavily influenced by and dependent upon <br /> federal (FAA) and state (ADOT) policies and decisions <br /> 1 <br />