2022-2026 Capital Improvement Program.pdf

Depar tment AIRPORT

A3476

Pr oject #

Contact Michael Tharp

Pr oject Name South Hanger Development Apr on Expansion

Type One Phase

Useful Life 20 years Categor y Airport

MATCH % 10% GRANTEE FAA

PLAN Airport Master Plan

TIF DISTRICT None

Pr ior ity Critical (1)

Description Install concrete apron/taxilanes for privately funded hangar development south of existing T-hangars. Total Pr oject Cost: $413,750

Status Active

Justification Airport Commission has sought to jumpstart an effort to get private investment into hangar construction by completing the necessary infrastructure to allow for hangar construction to take place. This construction lays the work for multiple possible units in the area south of the existing south t-hangar complex.

Expenditur es

Total

2022

2023

2024

2025

2026

70,000 343,750 413,750

70,000 343,750 413,750

PLANNING/DESIGN CONSTRUCTION

Total

Funding Sour ces AIRPORT FUND FEDERAL GRANTS

Total

2022

2023

2024

2025

2026

62,063 351,687 413,750

62,063 351,687 413,750

Total

Budget Impact/Other Increased revenue from ground leases for new hangar space.

542