Title
Department of Transportation recommending the Board authorize the use of funds from the Accumulated Capital Outlay Fund in the amount of $96,952 to provide the match requirement for United States Department of Transportation - Federal Aviation Administration grant funding for three Placerville airport projects and two Georgetown airport projects.
FUNDING: Accumulated Capital Outlay (ACO) Fund.
Body
BUDGET SUMMARY:
Total Estimated Cost $96,952
Funding
Budgeted $
New Funding $
Savings $17,437
Other* $79,515
Total Funding Available $ $96,952
Change To Net County Cost $0
*To be included in the Department's FY 12/13 budget.
Fiscal Impact/Change to Net County Cost:
Total estimated project costs are $1,251,000. The United States Department of Transportation - Federal Aviation Administration (FAA) will fund 90%, or $1,125,900, of the estimated costs. The Department will apply for a California Aid to Airports matching grant, which would cover 2.5% of the 90% FAA grant award, for a total of $28,148. The Department is proposing that the required County match of $96,952 be provided by the ACO Fund. There will be sufficient savings in the ACO Fund to provide for the $17,437 required for the current Fiscal Year. FY 12/13 matching funds, in the amount of $79,515, will be included in the Department's FY 12/13 budget. Details on these Projects and funding requirements are included in the attachments.
Reason for Recommendation:
The Placerville and Georgetown Airports serve the general aviation needs of Placerville, Georgetown and the surrounding unincorporated area of El Dorado County. The FAA provides grants for airport expansions and repairs, and suggested the Department submit the applications to receive the grants. Acceptance of the grant funding will allow the County to comply with the FAA's recommended improvements and complete necessary repairs.
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