SUBJECT/RECOMMENDATION:
Title
Approve the Joint Participation Agreement (JPA) G1941 between the City of Clearwater and the State of Florida Department of Transportation (FDOT), authorize a $15,000 transfer from Airpark Fund Reserves, authorize the appropriate officials to execute same and adopt Resolution 19-12.
Body
SUMMARY:
FDOT JPA Agreement G1941 provides for a $75,000 (80%/20%) Aviation Grant for the Clearwater Airpark. This grant will fund the installation of a entry gate security office to be used by city Security Aides, allowing for controlled access onto airport property after hours. The Agreement outlines the FDOT contributing $60,000 and City providing a $15,000 match.
APPROPRIATION CODE AND AMOUNT:
A mid-year budget amendment will establish Capital Improvement Project G1908, Clearwater Airpark FDOT Security Grant, recognizing a transfer of Airpark Fund reserves of $15,000 to provide required matching funds.
USE OF RESERVE FUNDS:
Funding for this agreement will be provided by mid-year budget amendment allocating Airpark Fund reserves in the amount of $15,000 to capital improvement project G1908, Clearwater Airpark FDOT Security Grant. The remaining balance of Airpark Fund reserves after 25% working capital reserves is approximately $490,000 or 176% of the current Airpark Fund operating budget.