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HomeMy WebLinkAbout2013-08-12 13-271 RESOLVECOUNCIL ACTION Item No. 13-271 Date: August 12l 2013 Item/Subject: Resolve, Accepting and Appropriating $579,000 in a grant fund from the U.S. Economic Development Administration (EDA) for assistance with the construction of an aircraft paint facility at the Bangor International Airport. Responsible Department: Airport Commentary: This Resolve will accept and appropriate a grant in the amount of $579,000 from the U.S. Economic Development Administration (EDA) to construct an aircraft paint facility at the Bangor International Airport. This project will help support the overall expansion of C & L Aerospace for their maintenance, repair and overhaul (MRO) shop. Key elements of EDA grants include projects that will have the greatest impact for economic development on the region, involve a private/public partnership, result in work that will increase the global competitiveness of the area, as well as result in substantial job creation. Staff recommends approval. Tony Caruso Department Head Manager's Comments: First reading and referal to Finance Committee. City Manager Associated Information: Resolve Budget Approval: mance Director Legal Approval: Introduced for Passage First Reading Referral – Finance Committee Solicitor Page –1— of —1— ASSIGNED TO COUNCILOR SPRAGUE CITY OF BANGOR 13-271 AUGUST 12, 2013 (TITLE.) Resolve, Accepting and Appropriating $579,000 in a grant fund from the U.S. Economic Development Administration (EDA) for assistance with the construction of an aircraft paint facility at the Bangor International Airport. WHEREAS, The City's application to the U.S. Economic Development Administration (EDA) for grant funds to provide for assistance with the construction of an aircraft paint facility at the Bangor International Airport has been accepted, and Economic Development Administration has agreed to provide the funds; and WHEREAS, This project will help support the overall expansion of C & L Aerospace for their maintenance, repair and overhaul (MRO) shop. Key elements of EDA grants include projects that will have the greatest impact for economic development on the region, involve a private/public partnership, result in work that will increase the global competitiveness of the area, as well as result in substantial job creation. BE JTRESOLVEDBYTHECITY COUNCIL OF THE CITY OF BANGOR, THAT The City Finance Director is hereby authorized to accept this grant from the U.S. Economic Development Administration (EDA) in the amount of $579,000 for assistance with the construction of an aircraft paint facility at the Bangor International Airport; and BE IT FURTHER RESOLVED THAT There is hereby appropriated within the Airport Fund the amount of $579,000 recognizing this Federal grant fund to be used for this project. The City Finance Director is hereby authorized to place this amount within the appropriate account. IN CITY COUNCIL August 12, 2013 First Reading and REferral to Finance Committee Meeting of August 19, 2013 4 . CITY AtERR IN CITY COUNCIL August 26, 2013 Motion made and seconded for Passage Passed CI CLELr