HomeMy WebLinkAbout1992-01-13 92-90 ORDERDate snort/13/92 Item No. 92-90
Item/Subjecn Approving Budget for Airport Terminal 0tpmis]on Project
Responsible Dar artBYWAnR Deperteent
Commentary:
This action will accept a budget of $12.338.710 for the Term]nal
Expearnma Project at Use Airport, and will anticipate $669,727 in Intel
feeding to ba provided in the W 1993 budget.
flue funding sources ere: [rel fundim sdurres are:
IRlerel EM $ 4,216,858 Evict apprcprletion $ 1, Ono, OCo
State MIDI! 702,125 Bonding 6,750,000
Incal 7.419,727 W 1993 Budget 669,727
Total It 12,338,710. 'lbtal $ 7,419,727.
The final local share 1s befell left as a Ff1993 buri9etmy item so Net as
the final actual costs are paid for the project we do not over borrav,
potentially creating ars arbitrage problea for Ne city. If the final
rorty se less Nan Ne budget, Ne ®¢ear fording would telae N
Airport Fad.
Manager's Comments:
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City M,wger
Associated Information:
Budget Approval:
wsorLegal Approval: w. ` ,m
city Sn6drur
Introduced For
O ravage
❑ First Reading rage_ of
E) Referral '
92-90
Awigmed to Councilor Saxl, January 13, 1992
CITY OF BANGOR
(TITLE.) Mrbtr,..._...&�.tcax.WjW. for. Aimort_Tmminal.. ai ton. rcojet_._.....
By 040summit of dm MY of Ranson.
ORDERED,
MT
Whereas the city of Bangor is expanlirg tine terminal at the
ll� Inteemtieral Airport; and,
Whereas a final bmget for the project lumt beat prepare i; and,
Whereas there are multiple Emdirg sources: ari,
Wheteas a crnmnebvaive budget Fee not hem accepted, although
partial funding has been euflforiu_d and contracts have been let,
Merefore, be it mdered that,
A mmprelensive badget of 912,338,730 is Fereby accepted for the
a Ina of tha tsaaiml at the llmg Intexzatimal Airport; and,
]Aim budget slap Included all costs assoclatM with design,
construction, cmtteot management, project adtninistmtim, Asbt issuance,
terminal trending stabilization and otla Gats associated with the
pmlect; cod,
Bwxlim sources are anticipated as follows
Federal FAA
9 4,216,858
State 1AWf
702,125
city-ricr fording
1,0001000
city -b autimity
5,750,000
cityM3 finding
669.721
Total Ihndim $ 12,338,710.
92-90
ORDER'
title,
In City Council January 19,92 p
Approving Budget for Airport Terminal
Passed 6x „ulcer Prosect ......................
City Clerk
...... /P" �Ap..............
Councilman