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Item No. 18 IUVM/��Z TO: Mayor, Mayor Pro -Tem & City Council Rose Beverly, City Manager FROM: Robert Vine, Deputy City Manager Paul Strahan, Airport Manager SUBJECT: AIRPORT FUEL FARM DATE: February 24, 2025 BACKGROUND: The City sent a Letter of Interest to TXDOT in May 2024, requesting the use of the airport infrastructure funding for a new fuel farm once all funds become available. TXDOT quoted Cox Field a new fuel farm of $1.2 Million. Following the advice of TXDOT, the city budgeted $120K for this project — 10% of the project. Since then, the overall percentage for the project has been lowered to a 5% match, cutting the overall dollar amount to $60K for the City. STATUS OF ISSUE: The grant paperwork now needs to be signed and returned to TXDOT so this project can be scheduled. The airport will use fiscal years 2022, 2023, 2024, and 2025 Infrastructure Investment and Jobs Act funding to construct a new fuel farm at Cox Field. BUDGET: $120,000, 10% of overall cost for the project, was budgeted for this fiscal year in the ARPA Fund. While only $60,000.00 is now required, all ARPA funds have been expended. This situation was due to erroneously overbudgeting in the ARPA Fund. The $60,000 will now come from the Airport Fund. If this payment causes the Airport Fund to have a deficit at the end of the fiscal year, a transfer from the General Fund will be made to cover the shortfall. RECOMMENDATION: Approve the signing of the grant paperwork by the City Manager and funds to be sent to TXDOT for the upcoming fuel farm project scheduled for 2026.