Title
AN ORDINANCE AUTHORIZING THE EXECUTION OF A MISSOURI HIGHWAYS AND TRANSPORTATION COMMISSION FIFTH SUPPLEMENTAL AGREEMENT TO AIRPORT AID AGREEMENT BY AND BETWEEN THE CITY OF LEE'S SUMMIT, MISSOURI, AND THE MISSOURI HIGHWAYS AND TRANSPORTATION COMMISSION, GRANTING ADDITIONAL FUNDS IN THE AMOUNT OF $18,942.00 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 FIFTH SUPPLEMENTAL AGREEMENT TO AIRPORT AID AGREEMENT BY AND BETWEEN THE CITY OF LEE'S SUMMIT, MISSOURI, AND THE MISSOURI HIGHWAYS AND TRANSPORTATION COMMISSION, GRANTING ADDITIONAL FUNDS IN THE AMOUNT OF $18,942.00 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 an additional sum not to exceed $18,942.00 for Land Acquisition for Runway 18-36 Extension.
· Local matching funds of $18,942.00 represent fifty percent (50%) of the estimated local match required for the eligible project costs and has been expended.
· Based upon the revised project schedule, the original project time period of December 31, 2017, will be extended to December 31, 2018, to allow for completion of the work.
Proposed City Council Motion:
FIRST MOTION: I move for second reading of AN ORDINANCE AUTHORIZING THE EXECUTION OF A MISSOURI HIGHWAYS AND TRANSPORTATION COMMISSION FIFTH SUPPLEMENTAL AGREEMENT TO AIRPORT AID AGREEMENT BY AND BETWEEN THE CITY OF LEE'S SUMMIT, MISSOURI, AND THE MISSOURI HIGHWAYS AND TRANSPORTATION COMMISSION, GRANTING ADDITIONAL FUNDS IN THE AMOU...
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