title
A RESOLUTION AUTHORIZING ACCEPTANCE OF A FEDERAL AVIATION ADMINISTRATION (FAA) FOR A MULTI-YEAR GRANT FOR AIRPORT IMPROVEMENT PROGRAM (AIP) PROJECT NO. 3-05-0033-014-2006
body
WHEREAS, the Jonesboro City Council understands the importance aviation plays in the local economy and industrial recruitment efforts, AND
WHEREAS, the Jonesboro Municipal Airport Commission (Sponsor) has been awarded a grant by the FAA in the amount of $1,458,322.00, representing 95% of the total project cost of $1,535,976.00 for Airfield Lighting and Marking Rehabilitation, AND
WHEREAS, the State of Arkansas is providing the local match of $76,753.80, representing 5% of the total project cost, AND
WHEREAS, the City of Jonesboro, as the governing body of the Sponsor, must accept the grant offer.
NOW, THEREFORE BE IT RESOLVED that the Mayor and City Clerk are hereby authorized to execute the grant acceptance agreement from the FAA for Project No. 3-05-0033-014-2006 and to submit any and all documents as set forth by the FAA.
PASSED AND ADOPTED THIS 20th day of June, 2006.