Title
Ordinance amending FY19-20 budget Airport Maintenance Building Repairs
Body
SUMMARY: The maintenance building is leaking, much of the insulation is missing, the lighting is substandard and several other repairs are required on the building. The City Council previously approved a grant application for $100,000. The new estimated construction cost is $215,910.
A budget amendment is required for the increase in construction of the project at an additional $115,910. This project will be funded 89% by TDOT Aeronautics with an 11% match by the City at an amount of $23,750. The third reading of this ordinance has been updated to reflect the new construction cost based upon the bid, plus the cost of engineering design ($18,344 with City responsible for 5%).
BUDGET ACCOUNT: 110-52500-920-001 Debit $140,160
110-33498 Credit $114,587
110-27100 Credit $ 25,573
Recommended Action
NECESSARY COUNCIL ACTION: Approve the budget amendment on third reading.