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HomeMy WebLinkAbout1992-124-08/04/1992-FAA FORT COLLINS/LOVELAND AIRPORT GRANT 3-08-0023-02 GRANT AGREEMENT RESOLUTION 92-124 OF THE COUNCIL OF THE CITY OF FORT COLLINS AUTHORIZING THE MAYOR TO EXECUTE A GRANT AMENDMENT AGREEMENT WITH THE UNITED STATES FEDERAL AVIATION ADMINISTRATION WHEREAS, the Cities of Loveland and Fort Collins, Colorado ("Cities") jointly own and operate the Fort Collins-Loveland Municipal Airport ("Airport") ; and WHEREAS, the Cities have previously accepted Federal Aviation Administration ("FAA") Grant No. 3-08-0023-02 (acquisition of property) for $1 ,738,223. 19; and WHEREAS, the Airport has spent monies in excess of the grant amount to complete Project No. 3-08-0023-02, and a grant amendment to reimburse the Airport for such additional expenditures was presented to the FAA for approval ; and WHEREAS, the FAA has offered to provide the Cities with a grant amendment in the sum of $65,000. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1 . That the City of Fort Collins, Colorado, shall , as co-sponsor with the City of Loveland, Colorado, accept the grant amendment offer in the sum of Sixty-five Thousand Dollars ($65,000) from the FAA for financial assistance for Project No. 3-08-0023-02. Section 2. That the Mayor be, and hereby is, authorized to enter into a Grant Amendment Agreement between the City of Fort Collins, the City of Loveland and the FAA for the receipt of amended grant funds to reimburse the Airport for said project, in the amount of Sixty-five Thousand Dollars ($65,000) . Passed and adopted at a regular meeting of City Council held this 4th day of August, A.D. , 1992. j o � ` M-a "Pro Ten ATTEST: City Clerk