Submitted By: Judy Wade
presenter
Presentation By: Tammi Haslam
end
Department: Aviation
STAFF RECOMMENDATION (Motion Ready):
title
Adopt Budget Resolution 2023-138 amending the Fiscal Year 2022-23 budget to appropriate $500,000 in additional grant funding from the Florida Department of Transportation and transfer an additional $125,000 from the Airport reserve for contingencies account for design and construction of the north T-hangar access road for a total amount of $625,000
end
OCALA'S RELEVANT STRATEGIC GOALS:
Economic Hub, Fiscally Sustainable
PROOF OF PUBLICATION:
N/A
body
BACKGROUND:
Construction of the north T-hangar access road will provide development opportunities to include T-hangars, private hangars, and other businesses.
On January 17, 2023, City Council adopted a resolution authorization entering into Public Transportation Grant Agreement (PTGA) 449858-1-94-01 with the Florida Department of Transportation (FDOT) for $1,500,000 with a match of $375,000.
This amendment increases the total project cost to $2,500,000. The City's share of this amendment is $125,000.
FINDINGS AND CONCLUSIONS:
FDOT has provided funding to complete the project, which was previously approved by City Council, for the design and construction of the north T-hangar access road.
FISCAL IMPACT:
This amendment provides supplemental funding as follows:
FDOT: $500,000 341-050-743-542-69-65010
Match: $125,000 451-027-743-542-69-65010
Total: $625,000
Total project amount:
FDOT: $2,000,000 341-050-743-542-69-65010
Match: $500,000 451-027-743-542-69-65010
Total: $2,500,000
PROCUREMENT REVIEW:
N/A
LEGAL REVIEW:
N/A
ALTERNATIVE:
* Adopt with Changes
* Table
* Deny
BUDGET RESOLUTION 2023-138
A RESOLUTION AMENDING THE FISCAL YEAR 2022-2023 BUDGET TO APPROPRIATE $500,000 IN ADDITIONAL GRANT FUNDING FROM THE FLORIDA DEPARTMENT OF TRANSPORTATION AND TRANSFER AN ADDITIONAL $125,000 FROM THE AIRPORT RESERVE FOR CONTINGENCIES ACCOUNT TO DESIGN AND CONSTRUCT...
Click here for full text