Title
A summary of fund transfers being presented to the Finance and Audit Committee. (INFORMATIONAL ONLY UNLESS OTHERWISE DIRECTED BY THE COMMITTEE)
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Description Amount
DTPW - Airport $2,432,000
1. The Director of Transportation and Public Works has requested an appropriation transfer of $827,000 to reconstruct a segment of Taxiway B at General Mitchell International Airport moving the total cost from $2,140,000 to 2,967,000. The original scope of the project was to reconstruct the taxiway in its current location. In the course of the design work for this project, it was discovered that a wingspan restriction on this taxiway could be eliminated if the taxiway could be shifted slightly to the north by approximately forty five feet. The addition of a new swing gate at the current vehicle checkpoint north of the taxiway location will be required to allow it to open and close without violating the taxiway safety area. In conjunction with this change, additional security cameras and storm sewers will also need to be relocated. The cost of the aforementioned changes is now expected to exceed the original budget by $827,000. The segment of Taxiway B which is being proposed for reconstruction currently consists of 4 inches of asphalt over concrete. The area suffered major degradation of the asphalt material due to the two flood events of 2010.
The funding source for the Taxiway B project has been changed from AIP funding as originally indicated to State aid, allowing the Taxiway B project to be funded with 80% ($2,373,600 State funding) and with the 20% local share ($593,400) initially coming from the Airport’s Capital Improvement Reserve Account. This change in funding requires the removal of $1,605,000 which was set up in Federal Grants (acct#2699) initially while increasing State funding (acct#2299) to $2,373,600 and the contributions from the reserve (acct#4707) to $593,400. The Airport Capital Improvement Reserve Fund will be refunded w...
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