Subject:
Title
Permission to accept CARES Act Airport Grant funds from the FAA.
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Fiscal Impact:
Revenues increase by $30,000.
Dept/Office:
Valkaria Airport
Requested Action:
Recommendation
It is requested the Board of County Commissioners grant permission and authorize staff to accept grant funds delegated to Valkaria Airport through the federal CARES Act. Further, authorize the Chair or County Manager to execute the application and other documentation on behalf of the County in this regard and to approve all necessary financial/budget adjustments.
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Summary Explanation and Background:
The CARES Act has allocated $30,000.00 in grant funds for Valkaria Airport. This is 100% funding. No match funds are required from the airport. These funds will be utilized for operational expenses, such as payroll, utility bills, or payment of debt service. The single stipulation attached to CARES Act Grant funds is that 90% of those employed at Valkaria Airport as of 03/27/2020, remain employed through 2020. There are no currently known additional requirements attached to this grant funding.
Attachments:
1) CARES Act Grant Application Form
2) CARES Act FAQ
Clerk to the Board Instructions: