Title
Consider/Discuss/Act on a Resolution Authorizing the City Manager to Apply for and Accept, If Awarded, Federal Airport Improvement Grant Funding for Various Airport Projects
Summary
COUNCIL GOAL: Maximize the Development Potential of McKinney National Airport
MEETING DATE: July 18, 2017
DEPARTMENT: Airport
CONTACT: Kenneth Wiegand, A.A.E., Airport Director
RECOMMENDED CITY COUNCIL ACTION: Approve the Resolution
ITEM SUMMARY:
* This resolution authorizes the City Manager to request federal Airport Improvement Program (AIP) funding for various projects at McKinney National Airport.
BACKGROUND INFORMATION:
* Award of AIP grant funds has become very competitive.
* McKinney National Airport competes with 179 GA airports in the Texas Airport System of which there are 24 similar sized airports that compete for a total of $20 million per year.
* Requests for AIP grant funding does not financially obligate the City for its share until a grant is offered by the Texas Department of Transportation (TxDOT) and is executed by the City.
* Requesting federal funding for the next five years will place projects in line for discretionary funds and end-of-year funding that might become available.
* Federal grant awards are normally awarded in accordance with their priority and availability of funding.
* Project grants are normally awarded for engineering and design in the year following a request and construction in the third year.
* We anticipate that the first project grant could be awarded in FY18 and that the projects will be spaced out at subsequent one to two year intervals.
FINANCIAL SUMMARY:
* If awarded, federal funding will be reimbursed at up to 90% for each project.
* Each project will require the City to provide a minimum share of 10%, which can come from the Airport Operating Fund Balance and/or future issued bonds.
* The below listed project costs are preliminary estimates provided by the Airport's Engineer of Record as its opinion of ...
Click here for full text