Title
Airport Funds from North Carolina Department of Transportation
Action
Action:
A. Adopt a resolution accepting funds from the North Carolina Department of Transportation Division in the amount of $25,000,000 as authorized by the N.C.S.L 2017-57 §34.19(c) for improvements to the Charlotte Douglas International Airport, and
B. Approve and authorize the City Manager to execute the Airport Improvement and Debt Service Funding Agreement between the City of Charlotte and the North Carolina Department of Transportation.
Body
Staff Resource(s)
Brent Cagle, Aviation
Jack Christine, Aviation
Explanation
§ In June 2017, the General Assembly of North Carolina issued Senate Bill 57 §34.19(c) that allowed the appropriated funds of the Highway Fund to the Department of Transportation to be allocated for capital improvements at commercial service airports.
§ For Fiscal Year 2019, $25,000,000 was allocated to the Charlotte Douglas International Airport.
§ These funds will be used for the acquisition of land near the Airport’s new entrance at North Josh Birmingham Parkway and Wilkinson Boulevard, known as CLT Gateway Central.
§ This activity is occurring on airport property, Council District 3.
Fiscal Note
Funding: Aviation Community Investment Plan
Attachments
Attachment(s)
Resolution