Item C1 C.1
Coty f � ,�� ,' BOARD OF COUNTY COMMISSIONERS
�� Mayor David Rice,District 4
The Florida Keys � Mayor Pro Tem Craig Cates,District 1
y Michelle Coldiron,District 2
James K.Scholl,District 3
Ij Holly Merrill Raschein,District 5
County Commission Meeting
September 12, 2022
Agenda Item Number: C.1
Agenda Item Summary #11102
BULK ITEM: Yes DEPARTMENT: Airports
TIME APPROXIMATE: STAFF CONTACT: Richard Strickland(305) 809-5200
n/a
AGENDA ITEM WORDING: Approval of two (2) resolutions for the receipt of unanticipated
funds and one (1) resolution for the transfer of funds relating to the Key West International Airport
Concourse A and Terminal Improvements Program.
ITEM BACKGROUND: Prior to the 2022 Airport Bond closing on 9/15/2022, the $10 million
dollar PNC Bank Revolving Line of Credit(LOC) short-term note must be paid in full using Airport
Operating Funds.
Resolution 1 is to budget$5,820,591.00 in revenue from Airport Rescue Plan Act(ARPA) Grant
437-68 and appropriate it to miscellaneous expense so the Airport can draw down the grant to
replenish the Airport funds being used to pay the PNC LOC. [Coronavirus Response and Relief
Supplemental Appropriation Act(CRRSA) Grant 437-65 in the amount of$3,536,873.00 will also
be draw down to replenish Airport funds used to pay the PNC LOC].
Resolution 2 is to budget the balance of the PNC LOC funds.
Resolution 3 is to transfer the remaining debt service principal and interest previously budgeted in
Fund 207 to Airport Fund 404 as requested by the Clerk's Finance Department.
PREVIOUS RELEVANT BOCC ACTION: Ratification and approval of CRRSA Grant 437-65
on May 19, 2021 and ratification and approval of ARPA Grant 437-68 on December 8, 2021.
CONTRACT/AGREEMENT CHANGES:
n/a
STAFF RECOMMENDATION: Approval.
DOCUMENTATION:
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C.1
Item unant Fund 404 630220 EYW ARPA Grant437-68
Item unant Fund 404 630213 EYW Concourse A-Dsgn & Contt.-Debt Proceeds Revolving LOC
Item Transfer Resolution Fund 207 87612 to 404 630213
FINANCIAL IMPACT:
Effective Date: 9/12/2022
Expiration Date: n/a
Total Dollar Value of Contract:
Total Cost to County:
Current Year Portion:
Budgeted:
Source of Funds:
CPI:
Indirect Costs:
Estimated Ongoing Costs Not Included in above dollar amounts:
Revenue Producing: If yes, amount:
Grant:
County Match:
Insurance Required: N/A
Additional Details:
REVIEWED BY:
Richard Strickland Skipped 09/06/2022 1:44 PM
Beth Leto Completed 09/06/2022 2:10 PM
Pedro Mercado Completed 09/06/2022 2:11 PM
Purchasing Skipped 09/06/2022 1:44 PM
Budget and Finance Completed 09/06/2022 2:16 PM
Brian Bradley Skipped 09/06/2022 1:44 PM
Lindsey Ballard Completed 09/07/2022 10:18 AM
Board of County Commissioners Pending 09/12/2022 5:05 PM
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C.1.a
OMB Schedule Item Number 1
Resolution No. -2022
A RESOLUTION CONCERNING THE RECEIPT OF UNANTICIPATED FUNDS
WHEREAS,it is necessary for the Board of County Commissioners of Monroe County,Florida,to increase items to
account for unanticipated funds in the Monroe County Budget for the Fiscal Year 2022,now therefore,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY,
FLORIDA,that the following accounts of the Monroe County Budget for the Fiscal Year 2022,be and the same is g
hereby increased by the amount hereinafter set forth:
0
U)
Fund: #404 Key West international Airport FAA#3-12-0037-068-2022(100%)
Cost Center: #630220-EYW ARPA Grant#37-68 Assistant Listings#(Formerly CFDA#)20.106
Project: EYW ARPA Grant#37-68 $5,820,591.00
Function: #5400
Activity: #5420 0
Offcl/Division: #1018 06
Revenue:
404 - 630220 - 331400 - RC_00039 Federal Grants-Transp. (100%) $5,820,591.00
Total Revenue: $5,820,591.00 >-
am
00
Appropriations:
404 - 630220 - 530490 - SC_00071 Miscellaneous Exp $5,820,591.00
Total Appropriations: $5,820,591.00
BE IT FURTHER RESOLVED BY SAID BOARD,that the Clerk of said Board,upon receipt of the above,is
hereby authorized and directed to make the necessary changes of said items,as set forth above.
PASSED AND ADOPTED by the Board of County Commissioners of Monroe County, Florida, at a special
meeting of said Board held on the 121 day of September,AD 2022. Q
N
N
Mayor Rice
Mayor Pro Tern Cates
Commissioner Coldiron
Commissioner Scholl
Commissioner Raschein
BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY,FLORIDA
By:
Mayor/Chairman
(Seal)
Attest: KEVIN MADOK, Clerk <
As Deputy Clerk
Item#unant Fund 404 630220 EYW ARPA Grant437-68
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C.1.b
OMB Schedule Item Number 2
Resolution No. -2022
A RESOLUTION CONCERNING THE RECEIPT OF UNANTICIPATED FUNDS
WHEREAS,it is necessary for the Board of County Commissioners of Monroe County,Florida,to increase items to U
account for unanticipated funds in the Monroe County Budget for the Fiscal Year 2022,now therefore, 0
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, 06
FLORIDA,that the following accounts of the Monroe County Budget for the Fiscal Year 2022,be and the same is
hereby increased by the amount hereinafter set forth:
Fund: #404 Key West international Airport
Cost Center: #630213- EYW Concourse A-Dsgn&Const.-Debt Proceeds/Revolving LOC >`
Project: EYW Concourse A-Dsgn&Const.-Debt Proceeds/Revolving LOC
Function: #5400 0
Activity: #5420
Offcl/Division: #1018
0
Revenue: U)
404 - 630213 - 384000 - RC_00384 Debt Proceeds/Revolving LOC $5,568,704.00
Total Revenue: $5,568,704.00
Appropriations:
404 - 630213 - 570700 - SC_00111 - Principal $5,568,704.00
Total Appropriations: $5,568,704.00 �
U
06
BE IT FURTHER RESOLVED BY SAID BOARD,that the Clerk of said Board,upon receipt of the above,is U)
hereby authorized and directed to make the necessary changes of said items,as set forth above.
PASSED AND ADOPTED by the Board of County Commissioners of Monroe County, Florida, at a special
meeting of said Board held on the 12'day of September,AD 2022. �
0
U
Mayor Rice
Mayor Pro Tern Cates
Commissioner Coldiron
N
Commissioner Scholl cam,
Commissioner Raschein
BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY,FLORIDA U_
By:
Mayor/Chairman E
(Seal)
Attest: KEVIN MADOK, Clerk 4,
As Deputy Clerk
Item#unant Fund 404 630213 EYW Concourse A-Dsgn&Const.-Debt Proceeds/Revolving LOC
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C.1.c
OMB Schedule Item Number 3
Resolution No. -2022
A RESOLUTION CONCERNING THE TRANSFER OF FUNDS
WHEREAS, it is necessary for the Board of County Commissioners of Monroe County, Florida, to make
budgeted transfers in the Monroe County Budget for the Fiscal Year 2022,now therefore,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY,
FLORIDA, that there shall be transfers of amounts previously set up in the Monroe County Budget for the
Fiscal Year 2022 as,hereinafter set forth to and from the following accounts: c
U)
Fund: #207 2003 Revenue Bonds
From: 207-87612-570700-SC 00107 Debt Service-Interest
Cost Center: #87612 EYW Concourse A Design U
Amount: $25,181.17 0
To: 404-5420-630213-SC_00107 Debt Service-Interest 06
Cost Center: #630213-EYW Concourse A Dsgn&Const.-Debt Proceeds/Revolving LOC
CL
From: 207-87612-570700-SC_00110 Debt Service-Other Debt Service Costs
Cost Center: #87612 EYW Concourse A Design
Amount: $15,000.00
To: 404-5420-630213-SC_00110 Debt Service-Other Debt Service Costs
Cost Center: #630213-EYW Concourse A Dsgn&Const.-Debt Proceeds/Revolving LOC
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From: 207-87612-570700-SC_00111 Debt Service-Principal
Cost Center: #87612 EYW Concourse A Design
Amount: $839,818.83
To: 404-5420-630213-SC_00111 Debt Service-Principal 0
Cost Center: #630213-EYW Concourse A Dsgn&Const.-Debt Proceeds/Revolving LOC cN
00
BE IT FURTHER RESOLVED BY SAID BOARD,that the Clerk of said Board,upon receipt of the above,is a
hereby authorized and directed to make the necessary changes of said items,as set forth above.
PASSED AND ADOPTED by the Board of County Commissioners of Monroe County, Florida, at a special 9=
meeting of said Board held on the 12'day of September,AD 2022. 2
0
Mayor Rice
Mayor Pro Tern Cates
Commissioner Coldiron
Commissioner Scholl
Commissioner Raschein
BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY,FLORIDA
c�
By:
Mayor/Chairman
(Seal)
Attest: KEVIN MADOK, Clerk
As Deputy Clerk
Item trnsf fund fund 207 87612 to 404 630213 EYW Concourse A-Debt Service
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