HomeMy WebLinkAboutMINUTES - 06171997 - C27 TO: BOARD OF SUPERVISORS
FROM: J. MICHAEL WALFORD, PUBLIC WORKS DIRECTOR
DATE: JUNE 17, 1997
SUBJECT: AUTHORIZATION TO EXECUTE A CALTRANS LOAN AGREEMENT IN THE AMOUNT OF
$680,000 FOR THE CONSTRUCTION OF T-HANGARS AT THE BYRON AIRPORT
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
I. Recommended Action:
APPROVE and AUTHORIZE the Public Works Director to EXECUTE, on behalf of the County, a
California Airport Loan Agreement in the amount of$680,000 for the construction of T-Hangars at the
Contra Costa County - Byron Airport, under the terms and conditions more particularly set forth in said
Loan Agreement.
II. Financial Impact:
The estimated cost of the T-Hangar construction is $680,000 of which 100%will be funded through a loan
from Caltrans. The loan will be repaid from the Airport Enterprise Fund and will be offset from hangar
rents. Hangar rents greater than the loan payments will be deposited in the Airport Enterprise Fund.
III. Reasons for Recommendations and Background:
On April 8, 1997,the Board of Supervisors authorized the Public Works Director to apply, on behalf of the
County, to Caltrans' Division of Aeronautics for a loan of$680,000 to construct twenty-seven T-Hangars
at the Byron Airport. This action will authorize the execution of that loan agreement.
IV. Consequences of Native Action:
The loan with Caltrans will not be executed and T-Hangar development may not occur at the Byron Airport
resulting in reduced income to the Airport Enterprise Fund. The lack of T-Hangar development at the Byron
Airport will not satisfy existing demand for hangared aircraft space and will not attract new tenants to the
Airport.
Continued on Attachment: SIGNATURE:-
-RECOMMENDATION
IGNATURE:—RECOMMENDATION OF COUNTY ADMIN I TRATOR —RECOMMENDATION OF BOARD COMMITTEE
APPROVE _OTHER
SIGNATURE(S):
ACTION OF BOARD ON G -17- 1777 APPROVED AS RECOMMENDED V OTHER
VOTE OF SUPERVISORS
JUNANIMOUS(ABSENT )
AYES: NOES:
ABSENT: ABSTAIN:
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Orig Div: Airports(Dick Awenius 6-5722) of SwpiAvleonl and County Administrator
cc: County Administrator
Public Works Director 61► eptay
Public Works Accounting
Auditor/Controller
Aviation Advisory Committee(via A/P)
Federal Aviation Administration(via A/P)
Caltrans Division of Aeronautics(via A/P)