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Approve a resolution authorizing application to the California Department of Transportation for a State Airport Loan in the amount of $1,299,277 to construct Aircraft Hangars at the Nut Tree Airport; and Delegate signing authority to the County Administrator to execute the application, agreement, loan modifications for project funding and any other necessary documents associated with the State Airport Loan
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Published Notice Required? Yes ____ No _X _
Public Hearing Required? Yes ____ No _X _
DEPARTMENTAL RECOMMENDATION:
The Department of General Services recommends that the Board of Supervisors:
1. Approve a resolution authorizing application to the California Department of Transportation for a State Airport Loan in the amount of $1,299,277 to construct Aircraft Hangars at the Nut Tree Airport; and
2. Delegate signing authority to the County Administrator to execute the application, agreement, loan modifications for project funding and any other necessary documents associated with the State Airport Loan.
SUMMARY:
The General Services Department is recommending the Board approve a resolution authorizing the application to the California Department of Transportation for a State Airport Loan and authorize the County Administrator to execute the loan application and associated loan agreement to secure the Caltrans hangar project loan.
FINANCIAL IMPACT:
The T-Hangar Project is estimated to cost $1,998,185. The project will also include an optional airport maintenance building estimated at $270,000, for a total estimated project cost of $2,643,391. Of the total project cost, $1,299,277 would be funded by the Caltrans airport loan. Attachment B provides a breakdown of project costs and funding sources.
DISCUSSION:
The Nut Tree Airport T-Hangar Project is currently in the design phase and construction of the project is planned to begin during summer 2018. The hangar project includes 26 T-Hangars that will become County airport rent...
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