TITLE
Consider a memorandum/resolution approving an inter-fund loan agreement between the General Fund and Aviation.
SUMMARY
DATE: December 11, 2018
TO: Ronald L. Olson, City Manager
FROM: Matthew Van Valkenburgh A.A.E., Executive Director of Aviation
SUBJECT: INTER-FUND LOAN AGREEMENT BETWEEN THE GENERAL FUND AND AVIATION
BACKGROUND AND FINDINGS:
The federal government, on March 23, 2018, provided the Federal Aviation Administration's (FAA) Airport Improvement Program (AIP) an additional $1 billion in discretionary grants. Specifically, the FAA was given direction to give priority consideration to projects at primary airports that are classified as Small or Nonhub airports. The Killeen Fort Hood Regional Airport (KFHRA) is on the FAA list as a primary nonhub airport.
As such, staff visited the FAA on 17 September to discuss this program as well as several other issues. The FAA believes KFHRA has a very strong project which would compete well for this supplemental funding; that project is the rehabilitation of taxiway B and its associated pavements. This is a comprehensive project that includes rehabilitation for full length of taxiway B (approximately 10,500 ft), the addition of shoulders to the taxiway to provide primary surface stabilization, electrical upgrades to the lighting, drainage improvements, and the rehabilitation of taxiway B3. Rehabilitation, in this case, means a mill and overlay of approximately 2” of all existing surfaces. This project is on the City and FAA CIP lists; however, it is scheduled for FY 22. This rehabilitation was originally an airport project for 2015, however, the bids came in considerably higher than expected, funding was not available at the time, so we deferred this project and performed extensive internal maintenance [crack sealing] on the surfaces to preserve surface integrity until sufficient funding became available for the project.
The total cost of the project is approximately $7,807,400 (pe...
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