HomeMy WebLinkAboutMINUTES - 12161986 - 1.87 TO: BOARD OF SUPERVISORS
FROM: J. MICHAEL WALFORD, PUBLIC WORKS DIRECTOR
DATE: December 16, 1986
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SUBJECT: Extension of Advance Land Purchase Cost
(0125-4666)
Specific Request(s) or Recommendations & Background & Justification
I. RECOMMENDED ACTION:
APPROVE extension of time period for the advance land purchase of approximately 1 .9
acres of land for Buchanan Field Airport from December 14, 1986 to February 1 , 1987
(60 days) in the amount of $765,155. Interest to be paid out of the Buchanan Field
Airport Enterprise account for the actual time and amount used.
II. FINANCIAL IMPACT:
Current interest rate charged by the County to be paid out of the Airport Enterprise
fund.
III. REASONS FOR RECOMMENDATION/BACKGROUND:
The grant funds from the Federal Aviation Administration cannot be provided until a
title report has been received from the title company. At this time the title
company is backlogged and the report is anticipated within the proposed extension
time.
,H!
Continued on attachment: — yes Signature:
Recommendation of County Administrator _ Recommendation of goard Committee
Approve Other:
Signature(s) -
Action of Board on: [LE r, 1 6 1986 Approved as Recommended 41 Other
Vote of Supervisors I HEREBY CERTIFY THAT THIS IS A TRUE
AND CORRECT COPY OF AN ACTION TAKEN
_V Unanimous (Absent ) AND ENTERED ON THE MINUTES OF THE
Ayes: Noes: BOARD OF SUPERVISORS ON DATE SHOWN.
Absent: Abstain:
Attested DEC 16 1986
Orig. Div.: Public Works (AP) Phil Batchelor
Clerk of the Board of Supervisors
cc: County Administrator and County Administrator
Auditor-Controller
P. W. Accounting n
By
Deputy Clerk
BO:16.t12