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A RESOLUTION AUTHORIZING THE GRANT ACCEPTANCE OF AN AIRPORT IMPROVEMENT PROGRAM (AIP) PROJECT NO. 3-05-0033-020-2015 FROM THE FEDERAL AVIATION ADMINISTRATION (FAA)
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WHEREAS, the Jonesboro City Council understands the importance of aviation plays in the local economy and industrial expansion efforts; and
WHEREAS, through the Jonesboro Municipal Airport Commission (Designated Sponsor) the City of Jonesboro has been awarded grant funding by the FAA in the amount of $386,042.00, representing 95% of the total Project cost of $406,360.00; and
WHEREAS, the Jonesboro Municipal Airport Commission is providing an applicant match through Airport General Funds of $20,318.00, representing 5% of the total project cost; and
WHEREAS, the award will support the design and construction to rehabilitate Taxiway "B", which includes the repair overlay of asphalt for the specified taxiway; and
WHEREAS, the City of Jonesboro, as the governing body of the Designated Sponsor, must accept the said grant agreement before September 16, 2015, in order to execute said agreement with the FAA.
NOW THEREFORE BE IT RESOLVED BY THE CITY CITY COUNCIL OF THE CITY OF JONESBORO, ARKANSAS THAT:
SECTION 1: The City of Jonesboro will enter into agreement with the Federal Aviation Administration to accept the AIP Project No. 3-05-0033-020-2015 Grant in amount of $406,360.00, and
SECTION 2: The Mayor and City Clerk are hereby authorized by the City Council for the City of Jonesboro to execute all documents necessary to implement this contractual grant.
PASSED AND APPROVED this 8th day of September, 2015.