SUBJECT: Acceptance of the CARES Act Grant Offer, Grant Number 3-06-0152-026-2020, Issued by the Federal Aviation Administration for the Merced Regional Airport, in the Amount of $3,364,156 REPORT IN BRIEF Considers accepting a $3,364,156 CARES Act Grant awarded by the Federal Aviation Administration for use at the Merced Regional Airport. RECOMMENDATION City Council - Adopt a motion: A. Approving a grant agreement between Federal Aviation Administration (FAA) and the City of Merced; and, B. Approving acceptance of grant funds and increasing Airport Fund revenue account 561-1303-321.37-00 in the amount of $3,364,156; and, C. Authorizing the use of pooled cash for expenditures until City receives reimbursement funds; and, D. Authorizing the Finance Officer to make the necessary budget adjustments; and, E. Authorizing the City Manager or the Assistant City Manager to execute all necessary grant documents.

Consent Item Passed Introduced June 5, 2020

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Committee: City Council/Public Finance and Economic Development Authority/Parking Authority
Introduced: June 5, 2020
On agenda: June 15, 2020
Passed: June 15, 2020