HomeMy WebLinkAboutMINUTES - 10141986 - 1.1 (3) TO: BOARD OF SUPERVISORS
FROM: J. MICHAEL WALFORD, PUBLIC WORKS DIRECTOR
DATE: October 14, 1986
SUBJECT: Advance Land Purchase Costs to Buchanan Field Airport in the amount of $765,756.
(01254666)
Specific Requests or Recommendations & Background & Justification
I. RECOMMENDED ACTION:
AUTHORIZE the Public Works Department to borrow general fund money up to $765,756 for
the purchase of approximately 1.9 acres of land for Buchanan Field Airport .for a
period not to exceed 60 days. Interest to be paid out of the Buchanan Field Airport
Enterprise Account for the actual time and amount used.
II. FINANCIAL IMPACT:
This is a budgeted item through a Federal Aid project. The Federal Aid grant has.
been accepted by the Board of Supervisors. The grant will reimburse the Buchanan
Field Enterprise Fund in the amount of 90 percent of the total cost. It is anticipated
that the grant funds will be received from the FAA approximately three weeks after
submittal of the paperwork. The ' County general fund will be immediately reimbursed
upon receipt.
III. REASONS FOR RECOMMENDATION/BACKGROUND:
On land purchases the Federal Aviation Administration requires a title certificate
prior to providing funding.
Continued on attachment: yes Signature.
Recommendation of County Administrator ecommenda ' of Wrd C ittee
Approve Other:
Signature(s):
Action of Board on: OCT 14 1986 Approved as Recommended_ Other
i
t
i
i
Vote of Supervisors I HEREBY CERTIFY THAT THIS IS A TRUE
AND CORRECT COPY OF AN ACTION TAKEN
Unanimous (Absent ) AND ENTERED ON THE MINUTES OF THE
Ayes: Noes: BOARD OF SUPERVISORS ON DATE SHOWN.
Absent: Abstain:
Attested OCT 14 1986
Orig. Div.: Public Works (AP) Phil Batchelor .
cc: County Administrator Clerk of the Board -of Supervisors
Auditor-Controller and.County Administrator
Public Works Accounting
By. .,
BO:10.14.t9 Deputy Clerk
sf
i