Title
AN ORDINANCE AUTHORIZING THE EXECUTION OF A MISSOURI HIGHWAYS AND TRANSPORTATION COMMISSION AMENDMENT NO. 5 TO STATE BLOCK GRANT AGREEMENT BY AND BETWEEN THE CITY OF LEE'S SUMMIT, MISSOURI, AND THE MISSOURI HIGHWAYS AND TRANSPORTATION COMMISSION, GRANTING ADDITIONAL FEDERAL FUNDS IN THE AMOUNT OF $340.966.00 FOR LAND ACQUISITION FOR RUNWAY 18-36 EXTENSION AT THE LEE'S SUMMIT MUNICIPAL AIRPORT. (F&BC 2-5-18)
Body
Issue/Request:
AN ORDINANCE AUTHORIZING THE EXECUTION OF A MISSOURI HIGHWAYS AND TRANSPORTATION COMMISSION AMENDMENT NO. 5 TO STATE BLOCK GRANT AGREEMENT BY AND BETWEEN THE CITY OF LEE'S SUMMIT, MISSOURI, AND THE MISSOURI HIGHWAYS AND TRANSPORTATION COMMISSION, GRANTING ADDITIONAL FEDERAL FUNDS IN THE AMOUNT OF $340.966.00 FOR LAND ACQUISITION FOR RUNWAY 18-36 EXTENSION AT THE LEE'S SUMMIT MUNICIPAL AIRPORT.
Key Issues:
· The Commission previously approved funds for Land Acquisition for Runway 18-36.
· The Level of funding originally approved is not sufficient to cover the costs associated with Land Acquisition 18-36.
· The Commission has sufficient funds to increase the grant amount for Land Acquisition for Runway 18-36 Extension
· The Commission grants to the sponsor and additional sum not to exceed $340,966 for Land Acquisition for Runway 18-36 Extension.
· The remaining $18,943.00 will be paid with funds from a grant provided under the Commission’s airport aid program.
· Local matching funds of $18,943.00 represent fifty percent (50%) of the estimated local match required for the eligible project costs and has already been expended.
· This Amendment shall expire and the Commission shall not be obligated to pay any part of the costs of the project unless this grant amendment has been executed by the Sponsor on or before April 1, 2018, or such subsequent date as may be prescribed in writing by the Commission.
Proposed City Council Motion:
FIRST MOTION: I move for second reading of AN ORDINANCE AUTHORIZING THE EXECUTION OF A MISSOURI HIGHW...
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