HomeMy WebLinkAboutItem I12 I12
BOARD OF COUNTY COMMISSIONERS
COUNTY of MONROE Mayor James K.Scholl,District 3
The Florida Keys Mayor Pro Tern Michelle Lincoln,District 2
Craig Cates,District 1
David Rice,District 4
Holly Merrill Raschein,District 5
Board of County Commissioners Meeting
March 25, 2025
Agenda Item Number: I12
2023-3794
BULK ITEM: Yes DEPARTMENT: Airports
TIME APPROXIMATE: STAFF CONTACT: Richard Strickland
N/A
AGENDA ITEM WORDING: Approval to advertise a public hearing for a budget amendment to
Marathon Airport Fund 403 to utilize cash in Marathon Airport Fund 403 that was borrowed for the
EOC project for the Marathon Runway 7/25 Relocation project.
ITEM BACKGROUND:
The purpose of the budget amendment is to utilize cash in Marathon Airport Fund 403 that was
borrowed for the EOC project as a loan to the Marathon Airport Services Department to bring
$2,811,027.18 of accrued balance forward so that it may be made available for use in the current fiscal
year to fund the local match of the Marathon Airport Runway 7/25 Relocation construction project.
The Runway 7/25 Relocation Construction Project including construction administration services is
estimated at $30,850,376.18. The FAA is funding $25,290,388.00 and FDOT is funding $2,748,961.00,
leaving a local match shortfall of$2,811,027.18.
PREVIOUS RELEVANT BOCC ACTION:
On September 11, 2024, the BOCC approved the operating & capital budget for fiscal year 2025.
INSURANCE REQUIRED:
No
CONTRACT/AGREEMENT CHANGES:
N/A
STAFF RECOMMENDATION: Approval.
2696
DOCUMENTATION:
FINANCIAL IMPACT:
Utilize $2,811,027.18 in Marathon Airport Fund 403 accrued balance forward.
2697