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HomeMy WebLinkAbout08501 ORDINANCE NO. 8501 AN ORDINANCE APPROVING AND RATIFYING A FEDERAL AVIATION ADMINISTRATION (FAA) GRANT AGREEMENT PROJECT NO. 3-08-0046-31 FOR FUNDS IN THE AMOUNT OF $7,300,000 FOR THE PAVING AND LIGHTING OF THE NEW TRAINING RUNWAY AND BUDGETING AND APPROPRIATING $7,684,790 TO CAPITAL PROJECT NO. AP1202-TRAINING RUNWAY PHASE II WHEREAS, the City of Pueblo has received a Grant Agreement from the United States of America Federal Aviation Administration to fund the paving and lighting of a new training runway and associated taxiways at Pueblo Memorial Airport; and WHEREAS, a Colorado Department of Transportation-Aeronautics Division Grant was accepted by the City of Pueblo on May 14, 2012 to assist the City with the matching funds for this project; and WHEREAS, funds need to be budgeted and appropriated; now, therefore, BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. The Grant Agreement between the City of Pueblo, a Municipal Corporation, and the United States of America Federal Aviation Administration making available federal funds in the amount of $7,300,000 for the paving and lighting of the new training runway at Pueblo Memorial Airport is hereby accepted and approved, and Resolution No. 12439 of the City Council is hereby ratified. SECTION 2. Funds are hereby budgeted and appropriated to Capital Project AP1202-Training Runway Phase II from the Federal Aviation Administration grant in the amount of $7,300,000 and from the Colorado Department of Transportation-Aeronautics Division grant in the amount of $192,395. Funds in the amount of $66,983 are hereby transferred from Project CIAN18-Airport Grants and $81,335 from the Combined Service Fees in the General Fund to Capital Project AP1202-Training Runway Phase II. INTRODUCED: July 23, 2012 BY: Leroy Garcia COUNCILPERSON PASSED AND APPROVED: August 13, 2012 Background Paper for Proposed O RDINANCE AGENDA ITEM # R-3 DATE: July 23, 2012 DEPARTMENT: DEPARTMENT OFAVIATION MARK LOVIN, DIRECTOR TITLE AN ORDINANCE APPROVING AND RATIFYING A FEDERAL AVIATION ADMINISTRATION (FAA) GRANT AGREEMENT PROJECT NO. 3-08-0046-31 FOR FUNDS IN THE AMOUNT OF $7,300,000 FOR THE PAVING AND LIGHTING OF THE NEW TRAINING RUNWAY AND ASSOCIATED TAXIWAYS AND BUDGETING AND APPROPRIATING $7,684,790 TO CAPITAL PROJECT NO. AP1202-TRAINING RUNWAY PHASE II ISSUE Should City Council accept a grant from the FAA for the paving and lighting of the new training runway and associated taxiways and budget and appropriate funds for this project? RECOMMENDATION Approval of this Ordinance. BACKGROUND The FAA has determined that the current training runway is unsafe due to it’s proximity to the ramp and they have issued a grant to fund 95% of the project costs for the paving and lighting of a new training runway and associated taxiways. Based upon the date of the FAA award and the need to accept this grant within a very short period of time, City Council previously passed Resolution No. 12439 accepting the award and approving the grant agreement. This Ordinance ratifies that action in order to comply with §3-8 of the Charter. This ordinance also appropriates the grant funding for the project. FINANCIAL IMPACT The FAA has issued a grant to the City for $7,300,000. The State issued a grant to the City for $192,395 to cover half of the City’s 5% matching funds. The City’s local match is $192,395. The City’s matching funds in the amount of $66,983 will be transferred from Project CIAN18-Airport Grants and funds in the amount of $81,335 will be transferred from the Combined Service Fees in the General Fund to Capital Project AP1202-Training Runway-Phase II. The remaining matching funds of $44,077 were transferred to the Project on June 25, 2012 per Resolution No. 12438.