Accepting AIP Grant in the amount of $62,225 for purposes of Terminal Building Design.

WHEREAS, The Monticello City Council previously authorized the filing of an Application for AIP funding in the amount of $62,225, or 95% of the anticipated design cost of $65,500, related to the design and planning for an Airport Terminal building, and

WHEREAS, The total anticipated City share of said design project is $3,275, and

WHEREAS, The Airport Board previously recommended that the Council that this grant be pursued, and

WHEREAS, The Council has heretofore hired the City Engineer to work with the airport board, and others involved, to design said Airport Terminal building.

NOW, THEREFORE, BE IT RESOLVED that the City Council of Monticello, Iowa does hereby accept the grant offer to the City by the FAA in the amount of $62,225, related to the design of an airport terminal building, and further recognizes that the City share of said design phase will be approximately $3,275, or 5% of the total project cost.