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Adopt a resolution authorizing application to the California Department of Transportation for a State Airport Loan in the amount of $453,000 to renovate aeronautical office building spaces 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. Adopt a resolution authorizing application to the California Department of Transportation for a State Airport Loan in the amount of $453,000 to renovate aeronautical office building spaces at the Nut Tree Airport (Attachment A); 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.
SUMMARY:
On May 11, 2018 the Board approved actions for a state loan agreement for the T-Hangar Project, at that time, staff indicated that approvals necessary to advance the office remodel project would be presented to the Board at a later date. Therefore, the General Services Department is recommending the Board approve a resolution authorizing the application to the California Department of Transportation (Caltrans) for a State Airport Loan and authorize the County Administrator to execute the loan application and associated loan agreement to secure the Caltrans aeronautical office building space renovation project plan.
FINANCIAL IMPACT:
The aeronautical office building space renovation project (Office Renovation Project) is estimated to cost $982,786. Of the total Project cost, $453,000 would be funded by the Caltrans airport loan and $386,593 would be funded from the balance of the...
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