SUBJECT/RECOMMENDATION:
Title
Approve the Joint Participation Agreement (JPA) G2H99 between the City of Clearwater and the State of Florida Department of Transportation (FDOT), to replace golf cart with a new golf cart at the Clearwater Airpark, authorize the appropriate officials to execute same, and adopt Resolution 23-06.
Body
SUMMARY:
FDOT JPA Agreement G2H99 provides for an 80% grant for a replacement golf cart at Clearwater Airpark, with Airpark Reserves providing a 20% match. The existing golf cart has surpassed its useful life and a new golf cart is required. The project cost is estimated at $17,000 with FDOT contributing $13,600 and Airpark Reserves providing a $3,400 match. FlyUSA will reimburse Airpark reserves for the cost of the golf cart.
APPROPRIATION CODE AND AMOUNT:
A mid-year budget amendment will increase 4021325-591000, Contribution to Garage Fund, by $17,000 to fund this purchase. An offsetting revenue amendment will recognize grant revenues of $13,600 and the use of $3,400 of Airpark Fund reserves.
USE OF RESERVE FUNDS:
Funding for this contract will be provided by mid-year budget amendment allocating Airpark Fund reserves in the amount of $3,400 to provide the cash match for this purchase. The remaining balance of Airpark Fund reserves after 25% working capital reserves is approximately $208,167 or 63% of the current Airpark Fund operating budget.