Title
Approval of grant contract regarding CARES Act Funding for Airport
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SUMMARY: Crossville Memorial Airport is eligible for $30,000 from the CARES Act (Coronavirus Aid, Relief, and Economic Security Act). The primary intent of CARES Act funding is:
•Keep airports in reliable, safe operation to serve the aviation industry, the travelling public, and support the economy
•Keep airport and aviation workers employed
•Keep airport credit ratings stable
The funds will be reimbursed through a TDOT Grant at 100%.
BUDGET ACCOUNT:
Recommended Action
NECESSARY COUNCIL ACTION: Approve contract