SUBJECT/RECOMMENDATION:
Title
Approve the Joint Participation Agreement (JPA) G3137 between the City of Clearwater and the State of Florida Department of Transportation (FDOT), Construction of Terminal and FBO Building at the Clearwater Airpark, authorize the appropriate officials to execute same, and adopt Resolution 24-12.
Body
SUMMARY:
On January 12, 2023, City Council approved the Lease and Property Operating Agreement (Operating Agreement) with FlyUSA to manage the Clearwater Airpark, and subsequently approved the First Amendment to the Lease and Property Operating Agreement on March 7, 2024.
As part of the public-private partnership, the City and FlyUSA seek to redevelop the Terminal and FBO building. In accordance with the Operating Agreement, specifically article 12, the City and FlyUSA agreed to seek FDOT funding to support capital improvements such as the Terminal and FBO building. Additionally, the City committed in the agreement to pay a maximum of $750,000 towards the Airpark terminal and cover, subject to reimbursement by FlyUSA, the cash match associated with any FDOT grant funding.
FDOT JPA Agreement G3137 provides for a $1,500,000 grant for the construction of a new terminal and FBO building, with a $1,500,000 cash match. The $1,500,000 cash match associated with FDOT JPA Agreement G3137 will be covered by Penny for Pinellas funding providing $760,000, and Airpark Reserves providing $740,000. As stated, FlyUSA will reimburse the City for $750,000 of the cash match portion in accordance with the Operating Agreement.
The estimated cost to redevelop the terminal and FBO building is $6,000,000. The City intends to seek additional grant dollars from FDOT in the next grant cycle. FlyUSA is responsible to reimburse the City for any additional cash match for grants or cover 100% of the remaining costs to redevelop the terminal and FBO building if no additional FDOT grants are awarded.
APPROPRIATION CODE AND AMOUNT:
A third quarter budget amendment will increase capital improvement project 302-G2307, Aviation Operation Center, by $2,250,000 recognizing $1,500,000 in grant funding and $750,000 in reimbursement revenues.
USE OF RESERVE FUNDS:
Airpark reserves of $740,000 will be allocated to capital improvement project G2307 and will be replenished with reimbursement from FlyUSA.
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.
2.3 Promote Clearwater as a premier destination for entertainment, cultural experiences, tourism, and national sporting events.
