title
GACRAA - AUTHORIZING AND ACCEPTING GRANT OFFER FROM USDOT, FAA (B)
A resolution of the City of Gainesville, Florida, authorizing acceptance of a grant offer from Department of Transportation, Federal Aviation Administration, and authorizing execution by the Mayor and Clerk of the Commission on behalf of the City of Gainesville; and providing an immediate effective date.
recommendation
The City Commission adopt the proposed resolution.
explanation
The Gainesville-Alachua County Regional Airport Authority has requested a Federal grant from the Federal Aviation Administration for airport improvements.
It is anticipated that the U.S. Department of Transportation (USDOT) will make a Grant Offer for funding constructions costs to renovate and rehabilitate a portion of the terminal building - Phase 2. It is further anticipated that the Grant Offer will include a combination of fiscal year 2005 entitlement funds, fiscal year 2006 entitlement funds, and fiscal year 2007 entitlement funds from the Airport Improvement Program (AIP) administered by the Federal Aviation Administration (FAA). The Grant Offer will reimburse 95% of AIP - eligible construction costs, up to $3,655,853.