HomeMy WebLinkAboutItem I13 I13
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: I13
2023-3795
BULK ITEM: Yes DEPARTMENT: Airports
TIME APPROXIMATE: STAFF CONTACT: Richard Strickland
N/A
AGENDA ITEM WORDING:
Approval to utilize $10,000,000.00 of General Fund cash in Fund 403 to be used as working capital to
fund the construction of the Marathon Airport Runway 7/25 relocation project.
ITEM BACKGROUND:
It is the intention of the Marathon Airport Services Department to use the $10,000,000.00 of General
Fund cash as working capital during the current fiscal year to fund the construction of the Marathon
Airport Runway 7/25 Relocation project including construction administration services. It is
anticipated that the funds will be returned to the General Fund during the months of September 2025
through February 2026 in the amount of$7.2 million as grant reimbursements are processed and
received, leaving a balance due for the county match of$2.8 million. The remaining $2.8M will be paid
back by the airport to the General Fund over 3 years: $400,000 in FY26, $1.4M in FY27, and $1 M in
FY28.
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,
and 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:
2698
N/A
STAFF RECOMMENDATION: Approval.
DOCUMENTATION:
FINANCIAL IMPACT:
$10,000,000.00 from General Revenue Fund 001 accrued balance forward.
2699