FY2023 Adopted Budget

AIRPORT

Department

A3476

Project #

Michael Tharp

Contact

Project Name South Hanger Development Apron Expansion

One Phase

Type

20 years

Useful Life

GRANTEE FAA

PLAN Airport Master Plan

Airport

Category

MATCH % 10%

TIF DISTRICT None

Critical (1)

Priority

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

Active

Status

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.

Expenditures

Total

2022

2023

2024

2025

2026

PLANNING/DESIGN

70,000

70,000

CONSTRUCTION

343,750

343,750

413,750

413,750

Total

Funding Sources

Total

2022

2023

2024

2025

2026

AIRPORT FUND

62,063

62,063

FEDERAL GRANTS

351,687

351,687

413,750

413,750

Total

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

542