SUBJECT/RECOMMENDATION:
Title
Accept Florida Department of Transportation (FDOT) Grant Agreement Amendment (No. 450563-1-94-01) in the amount of $2,400,000 for the Construction of Terminal and FBO Building at Clearwater Executive Airport and authorize the appropriate officials to execute same.
Body
SUMMARY:
On January 12, 2023, City Council approved the Lease and Property Operating Agreement (Operating Agreement) with FlyUSA to manage Clearwater Executive Airport and subsequently approved the First Amendment to the Lease and Property Operating Agreement on March 7, 2024.
On September 4, 2024, Council approved Resolution 24-12 and a Public Transportation Grant Agreement with the Florida Department of Transportation in the amount of $1,500,000 for the Construction of Terminal and FBO Building at the Clearwater Executive Airport.
This will bring the total PTGA grant amount to $7,800,000, with FDOT contributing $3,900,000 (50%) and a required match of $3,900,000 (50%) to be funded by an allocation of $760,000 from Penny for Pinellas planned in FY27 and the remaining local matching funds reimbursed by FlyUSA.
This increase in funding is the result of an increase in expected construction costs, determined through the bidding process.
APPROPRIATION CODE AND AMOUNT:
FDOT, FlyUSA reimbursements, and Penny revenues are budgeted in capital project G2307, Aviation Operations Center.
STRATEGIC PRIORITY:
High Performing Government: 1.2 Maintain public infrastructure, mobility systems, natural lands, environmental resources, and historic features through systematic management efforts.
Economic & Housing Opportunity: 2.2 Cultivate a business climate that welcomes entrepreneurship, inspires local investment, supports Eco-friendly enterprises, and encourages high-quality job growth.
