HomeMy WebLinkAbout~Master - Acceptance of offer from AEDC to provide funding for construction of new Airport Terminal Building RESOLUTION NO. 15-560
RESOLUTION ACCEPTING OFFER FROM AMES ECONOMIC DEVELOPMENT
COMMISSION TO PROVIDE $250,000 FOR CONSTRUCTION
OF NEW AIRPORT TERMINAL
FOR THE CITY OF AMES
WHEREAS, at the July 14, 2015, meeting, the City Council was advised of a projected
$750,000 shortfall in the budget for the site preparation and building construction projects related
to the proposed 6,985 square feet Airport Terminal; and,
WHEREAS, in response to this news, Iowa State University agreed to modify its existing
agreement with the City regarding these airport improvements and commit to up to an additional
$250,000 for these projects; and,
WHEREAS, in a similar show of support, the City Council authorized up to an additional
$250,000 from the Hotel/Motel Fund balance for these projects; and,
WHEREAS,the remaining portion of the shortfall was to be eliminated by working with the
City's consulting firm to reduce the square footage of the proposed terminal; and,
WHEREAS, on August 25, 2015,the Staff presented a proposed floor plan for the terminal
that reflected a reduction to 5,358 square feet,which was projected to yield the desired decrease in
the construction cost by$250,000; and,
WHEREAS,in addition,it was noted that in order to add the 1,600 square feet that was being
recommended to be reduced from the terminal project could cost as much as$1.4 to$1.8 million in
the future, depending how long the City waits to expand the building; and,
WHEREAS, after reviewing this concept for a reduction in the terminal square footage,the
Ames Economic Development Commission(AFDC)has come forward with an offer to contribute
up to$250,000 towards the Airport terminal building so that the square footage can remain at 6,985;
and,
WHEREAS,according to its proposal,$150,000 in pledges have already been secured,which
leaves an additional $100,000 yet to be raised; and,
WHEREAS, in order to assure that the total$250,000 will be available to the City when the
contract for the terminal project is let,the University has offered to loan up to$100,000 to the AEDC
for the remaining amount committed should AEDC not be able to secure the total funding by the
time it is needed by the City.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that acceptance of the proposal from the Ames Economic Development Commission to provide up
to $250,000 to fund a 6,985 square-foot Airport Terminal Building is hereby approved.
ADOPTED THIS 8t1i day of September, 2015.
A. tom• ���
Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Gartin
Seconded by: Corrieri
Voting aye: Corrieri, Gartin, Goodman,Nelson, Orazem
Voting nay: Betcher Absent: None
Resolution declared adopted and signed by the Mayor this 8th day of September, 2015.