SUBJECT
title
Public Hearing and Introductory Ordinance amending the FY23-24 Laredo International Airport Construction Fund Budget by appropriating revenues and expenses in the amount of $11,111.11 to fund the FY 2024 Routine Airport Maintenance Program (RAMP) Grant. Funds are being awarded by the Texas Department of Transportation (TxDOT). This funding will be used for airport maintenance at the Laredo International Airport. Local match of $11,111.11 was appropriated in FY23-24 Laredo International Airport Construction Fund.
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PREVIOUS COUNCIL ACTION
N/A
BACKGROUND
Through the Routine Airport Maintenance Program, the Texas Department of Transportation provides airport grant monies for routine maintenance on airport improvements. The intention of this grant is to reduce the cost of maintaining airport improvements.
TxDOT Project ID: M2422LRED
FY:2024
Approved Amount: $111,111.11
State Share: $100,000.00
Local Match: $11,111.11
The Laredo International Airport will use this grant for general maintenance with airside improvements taking priority, as required by TxDOT.
COMMITTEE RECOMMENDATION
N/A
STAFF RECOMMENDATION
recommendation
Staff recommends the approval of this introductory ordinance.
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Fiscal Impact
Fiscal Year: 2024
Budgeted Y/N?: N
Source of Funds: Airport Construction Fund
Account #: 433 Accounts
Change Order: Exceeds 25% Y/N: N/A
FINANCIAL IMPACT:
Revenue account: $11,111.11 433-0000-323-2041 PROJECT: AC24RA
Expense account(s) :$11,111.11 433-3658-582-3010 PROJECT AC24RA