Title
Airport Federal Aviation Administration Grant Acceptance
Action
Action:
Adopt a resolution accepting a grant in the amount of $12,602,171 from the Federal Aviation Administration for Airport projects.
Body
Staff Resource(s):
Brent Cagle, Aviation
Jack Christine, Aviation
Explanation
§ Each year, the Federal Aviation Administration (FAA) 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 fiscal year 2018 is $12,602,171.
§ Per the grant terms, proceeds from this grant will fund 75 percent of the project cost for the reimbursement of West Ramp Expansion Phase I.
§ Local share from Aviation will pay for the remaining 25 percent of the project cost, which is $4,200,724.
§ Aviation intends to seek approval from the FAA to reimburse local funds spent with future Passenger Facility Charge funds.
§ This activity is occurring on airport property, Council District 3.
Fiscal Note
Funding: Aviation Community Investment Plan
Attachments
Attachment(s)
Resolution