06122024-007 Grant Acceptance Authorization RCA — original pdf

Backup

City of Austin Recommendation for Action File #: 24-4803, Agenda Item #: 7/18/2024(cid:4) Posting Language Approve a resolution authorizing acceptance of grants from the Federal Aviation Administration, the Department of Homeland Security, and other state and federal agencies to the City of Austin, Department of Aviation, for Austin-Bergstrom International Airport for Fiscal Years 2025-2027 in an amount not to exceed $500,000,000. Lead Department Aviation Fiscal Note Grant reimbursement will apply to projects in the Fiscal Years 2025-2027 Approved Capital and/or Operating Budgets of the Aviation Department. Grant funds will be placed in the Airport Capital Fund, the ABIA Improvement Funds and/or the ABIA Operating Fund. The General Fund will not be required to contribute to this grant. There is no unanticipated fiscal impact. Prior Council Action: Council approved Resolution No. 20220324-004 similarly authorizing acceptance of grant funds for Fiscal Years 2022-2024. For More Information: Rajeev Thomas, Chief Financial Officer, Department of Aviation: (512) 530-2463 or Rajeev.Thomas@flyaustin.com <mailto:Rajeev.Thomas@flyaustin.com> . Council Committee, Boards and Commission Action: To be reviewed by the Airport Advisory Commission on June 12, 2024. Additional Backup Information: In March 2022, City Council adopted Resolution 20220324-004 which authorized the Department of Aviation to accept grant funds from the Federal Aviation Administration, Department of Homeland Security, and other state and federal agencies for Fiscal Years 2022-2024. That authorization is set to expire at the end of Fiscal Year 2024, and the Department is requesting new authorization for Fiscal Years 2025-2027. Approval of this request will allow the City Manager or the Chief Executive Officer of the Department of Aviation to quickly accept and execute grant offers made available by the abovementioned government agencies. Grant Amounts, as they may become available, would reduce the need to utilize airport-generated capital or revenue bonds for funding airfield and terminal improvements, capital infrastructure, equipment, as well as numerous projects within the Airport Expansion and Development Program. These projects include the Central Utility Plant Relocation, Midfield Taxiways, Concourse B - Phase 1 and tunnel system, the Utility Infrastructure Campus Wide Project, and the new Arrivals and Departures Hall. Grant funding may also reimburse operating expenses. City of Austin Page 1 of 1 Printed on 5/16/2024 powered by Legistar™ (cid:5) (cid:6)