Report Prepared by: Amanda Williams, Economic Development Associate
Title
SUBJECT: Approval of a Supplemental Appropriation from the Unencumbered, Unreserved Fund Balance of Fund 1017-Economic Development Opportunity in the Amount of $100,000 and Transferring $250,000 from Fund 5003-Airport Industrial Park to Fund 5006-Airport CIP Fund
REPORT IN BRIEF
Considers approving a supplemental appropriation from the unreserved, unencumbered fund balance from 1017-Economic Development Opportunity in the amount of $100,000 and transferring $250,000 from Fund 5003-Airport Industrial Park, for a total amount of $350,000 for the design phase of the new fuel storage and bulk loading/unloading system at the Merced Regional Airport.
RECOMMENDATION
City Council - Adopt a motion:
A. Approving a supplemental appropriation from the unreserved, unencumbered fund balance of Fund 1017-Economic Development Opportunity in the amount of $100,000, transferring to Fund 5006 Airport CIP and appropriating the same to the Fuel Farm Project CP220067; and,
B. Approving the transfer of $250,000 from Fund 5003-Airport Industrial Park Projects to be Determined to Fund 5006 Airport CIP in the amount of $250,000 and appropriating the same to the Fuel Farm Project CP220067.
Body
ALTERNATIVES
1. Adopt the motion as recommended by staff; or
2. Modify the action (specify in motion); or
3. Deny the action.
AUTHORITY
Charter of the City of Merced, Section 200; Economic Development Opportunity Fund Policy (h) To fully utilize existing real estate, real property, or existing or planned infrastructure, facility or capital improvements.
CITY COUNCIL PRIORITIES
As provided for in the 2024/2025 Adopted Budget.
DISCUSSION
The City received a notice from the State Water Resources Control Board (Attachment 1) mandating permanent closure of all single-walled underground storage tanks on or before December 31, 2025, at the Merced Regional Airport. To comply, we received a proposal from RS&H Cal...
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