Title
An Ordinance authorizing the execution of a Missouri Highways and Transportation Commission Sixth 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 $4,042.00 which is equal to fifty percent (50%) of the additional match for the sponsor’s State Block Grant for project No. 11-109A-2 for land acquisition for Runway 18-36 Extension at the Lee’s Summit Municipal Airport. (PWC 10/23/18)
Body
Issue/Request:
An Ordinance authorizing the execution of a Missouri Highways and Transportation Commission Sixth Supplemental Agreement to Airport Aid Agreement to Airport by and between the City of Lee's Summit, Missouri, and the Missouri Highways and Transportation Commission, Granting Additional funds in the amount of $4,042.00 which is equal to fifty percent (50%) of the additional match for the sponsor’s State Block Grant for project No. 11-109A-2 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 to exceed $4,042 for Land Acquisition for Runway 18-36 Extension.
? Local matching funds of $4,042 represents 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, 2018, will be extended to December 31, 2019, to allow for completion of the wo...
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