HomeMy WebLinkAbout~Master - Allocation for City's additional financial contribution for Airport Improvements RESOLUTION NO. 15-530
RESOLUTION APPROVING ALLOCATION OF $250,000 FROM HOTEL/MOTEL
TAX FUND FOR AIRPORT IMPROVEMENTS
FOR THE CITY OF AMES
WHEREAS, the City's 2015-2020 Capital Improvements Plan (CIP) includes a project to
construct a new terminal building, itinerant hangar, and related site improvements at the Ames
Municipal Airport; and,
WHEREAS, on July 14, 2015, staff presented a report summarizing the funding history of
the terminal building and detailed a projected budget shortfall for the improvements based on 1)the
fact that the low bid received for the site preparation work came in$202,000 greater than the budget
and, 2) the City's architect for the project provided a cost update for the terminal building which
indicated that the building as proposed with 6,970 sq. ft. is now estimated to be $548,000 over the
budget amount(assuming the least expensive option of a flat roof design is accepted, along with a
projected 10% contingency); and,
WHEREAS,the most recent cost estimates indicate that the Airport improvements reflected
in the CIP are now $750,000 over the current budget; and,
WHEREAS,in order to rectify this$750,000 budget shortfall,the City Council identified that
ISU and the City of Ames must agree to contribute up to an additional$250,000 in cash towards the
improvements that included the engineering/design of the terminal, site preparations, and terminal
construction costs; and,
WHEREAS,the City Council can authorize the City's portion of this additional contribution
come from the available balance in the Hotel/Motel Tax Fund.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that authorization of the City's contribution of up to an additional $250,000 toward the Airport
improvements coming from the Hotel/Motel Tax Fund is hereby approved.
ADOPTED THIS 25`h day of August, 2015.
Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Goodman
Seconded by: Corrieri
Voting aye: Betcher, Corrieri, Gartin, Goodman,Nelson, Orazem
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 25"'day of August, 2015.