SUBJECT:
Title
A Resolution of the Town Council of the Town of Erie Approving an Agreement for Transfer of Federal Entitlement Funds from the Erie Municipal Airport to the Fremont County Airport
Body
DEPARTMENT: Utilities/Public Works
Department
PRESENTER(S): Todd Fessenden, Utilities Director
David Pasic, Public Works Director
First Name Last Name, Title
POLICY ISSUES:
N/A
STAFF RECOMMENDATION:
Recommendation
Approve the transfer of funds.
End
SUMMARY AND BACKGROUND OF SUBJECT MATTER:
Each year, the Federal Aviation Administration (FAA) dedicates $150,000 in General Aviation Funds to the Erie Municipal Airport for FAA approved projects. These funds generally comprise 95% of project funding with the remaining 5% typically split between the Colorado Division of Aeronautics and the Town of Erie.
A common practice when the entity does not have a planned project is to loan the funds to another airport with the agreement that that airport will pay back the funds at a future designated year. The Town had done this before in previous years. This allows airports to bank funds for future use in projects costing more than the entitled $150,000.
In 2024, the Town received an entitlement funding loan from Canon City (Fremont County Airport) to help fund the Taxiway A and Apron Rehabilitation project. This is repaying that loan back to Fremont.
COUNCIL PRIORITY(S) ADDRESSED:
ü Attractive Community Amenities
ü Well-Maintained Transportation Infrastructure
ü Safe and Healthy Community
ü Effective Governance
ü Fiscally Responsible
ATTACHMENT(S):
1. Resolution 25-094
2. Transfer Agreement