10 - Letter of Interest for funding new fuel farm at Cox Field

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RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, APPROVING A LETTER OF INTEREST TO THE TEXAS DEPARTMENT OF TRANSPORTATION AVIATION DIVISION AS TO INFRASTRUCTURE INVESTMENT AND JOBS ACT (IIJA) FUNDING FOR A NEW FUEL FARM AT COX FIELD AIRPORT; AUTHORIZING THE CITY MANAGER TO EXECUTE SAME; AND AUTHORIZING A CASH MATCH FOR THE PROJECT; MAKING OTHER FINDINGS AND PROVISIONS AND DECLARING AN EFFECTIVE DATE. WHEREAS, the fuel farm at Cox Field Airport has exceeded its life expectancy and the airport is in need of a new fuel farm to support growth; and WHEREAS, Infrastructure Investment and Jobs Act (IIJA) funding is available from the Texas Department of Transportation Aviation Division (TxDOT) in the amount of $1,172,000.00 for construction of a new fuel farm; and WHEREAS, the fuel farm project is eligible for this funding, and the grant will require a cash match by the city of 10% or approximately $120,000.00; and WHEREAS, TxDOT requires a Letter of Interest from the city expressing interest in using the IIJA funds for the project; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS: Section 1. That the findings set out in the preamble to this resolution are hereby in all things approved and are incorporated herein for all purposes. Section 2. That the City Council approves the Letter of Interest attached hereto as Exhibit A and authorizes the City Manager to execute same on behalf of the City. Section 3. That the City Council approves a cash match in the approximate match of ONE HUNDRED TWENTY THOUSAND AND NO/100 DOLLARS ($120,000.00) to be budgeted towards the construction of a new fuel farm at Cox Field Airport as required by TxDOT rules. Section 4. That this resolution shall be effective from and after its date of passage. PASSED AND APPROVED this 13th day of May, 2024. Reginald B. Hughes, Mayor