Title
Resolution to Accept 2018 State of Alabama Department of Transportation (ALDOT) Airport Improvement Funding Agreement to Construct an 8-Unit T-Hangar at the Foley Municipal Airport
Summary
Description of Topic: (who, what, where, when, why and how much)
Accepts the 2018 ALDOT Airport Funding Agreement for construction of an 8-Unit T-Hangar and amends revenue account by an increase of $250,000. This is a 50/50 grant match with a maximum funding of $250,000.
Budgetary Impact:
Non-Capital Item:
____ Budgeted under account #_______________ (discussion item)
____ Not budgeted, requesting transfer of $__________ from Account #______________ to Account #_____________.**Request to Transfer Departmental Budget Dollars form must be attached**
____ Not budgeted requiring increase to account #___________ in the amount of $____________.**Request to Increase Departmental Budget Dollars form must be attached**
Capital - Departmental **Capital Purchase Worksheet form must be attached**
____ Budgeted under account #______________ for $_________ and described in budget as ________________________. Additional amount needed, if any: Increase in budget of $_________ OR, transfer of $________ from Account #____________ to Account #_____________**Request to Increase OR Request toTransfer Departmental Budget Dollars form must be attached**
____ Not Budgeted - account #____________ requires budget increase of $_____________.**Request to Increase Departmental Budget Dollars form must be attached**
Capital Project - **If requesting to start a project, a Capital Project Worksheet form must be attached**
In current year Capital Projects Plan:
__X___ Yes, described as 8-Unit T-Hangar Construction & Study, planned amount $479,265.34, requesting up to $250,000 revenue from ALDOT be received under account #400-1070-5103 R37 STATE.
_____ No, requesting $___________ as total project estimate, including contingencies, unde...
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