Title
Airport Federal Aviation Administration Grant Acceptance
Action
Action:
A. Adopt a resolution accepting a grant in the amount of $14,610,809 from the Federal Aviation Administration for Airport projects, and
B. Adopt a budget ordinance appropriating $14,610,809 in grant funds from the Federal Aviation Administration and $2,870,270 in local share from the Aviation Discretionary Fund to the Aviation Community Investment Plan Fund.
Body
Staff Resource(s):
Brent Cagle, Aviation
Jack Christine, Aviation
Explanation
§ Each year, the Federal Aviation Administration provides Airport Improvement Program entitlement grant funding based on the Airport’s operations and number of boarded passengers.
§ The total amount of the entitlement grant funding for this year is $14,610,809.
§ Per the grant terms, proceeds from this grant will fund 75 percent of the projects costs for the reimbursement of Taxiway A Rehabilitation, Runway 18R/36L Airport Joint Sealant Improvements, Runway 18R/36L Safety Area Grading Improvements, and West Ramp Expansion Phase I.
§ Local funds (Aviation) will pay for the remaining 25 percent of the project costs, which is $2,870,270.
§ The Aviation Department intends to seek approval from the Federal Aviation Administration to reimburse local funds spent with future Passenger Facility Charge funds.
Fiscal Note
Funding: Aviation Community Investment Plan
Attachments
Attachment(s)
Budget Ordinance
Resolution