Title
Discuss and vote on a request by the Town of Siler City to fund 60% of a local match for the Siler City Airport runway rehabilitation project.
Abstract
Action Requested: The Town of Siler City respectfully seeks affirmation from the Chatham County Board of Commissioners, by way of formal action, allocating 60% funding of the local match for the subject project. The requested assistance at 60% of the local match totals $160,346.16. This is an increase of approximately $40,000.00 from the $120,000.00 commitment the County previously made (based on a projected project cost of $2 million) to assist in the completion of the runway rehabilitation project. Provided continued support at 60% of the local match for this project by Chatham County, the Town is committed to funding $106,897.44 to see this project realized.
Introduction & Background:
The Town of Siler City General Aviation Airport located at 80 Aviation Drive, Siler City, is planned to undergo a capital improvement project that involves full-depth reclamation and rehabilitation of the facility's runway, taxiway, and apron surfaces with assistance from the NC DOT Division of Aviation (Division). The Division partnered with the Town in 2013 to design and fund the rehab project. To date, the Division has funded the full cost of design engineering, and is committed to funding the full cost of construction administration, inspection, materials testing, and ongoing preservation maintenance associated with the subject project. In addition, the Division is committing 90% of the $2,672,436.00 cost of project construction. The Town of Siler City is responsible for the remaining 10% of the noted cost as a local match.
In FY2015, the Chatham County Board of Commissioners took action to assist the Town by funding 60% of the local match. At the time the County Board committed to the noted assistance to the Town, the anticipated construction project cost was approximately $2 million. The project cost...
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