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Agenda 07/26/2011 Item #16G27/26/2011 Item 16.G.2. EXECUTIVE SUMMARY Recommendation to authorize budget amendments to recognize revenue from the Federal Emergency Management Agency (FEMA) in the amount of $187,270.83 and return funds in the amount of $274,550.99 to Immokalee Infrastructure Fund 497 borrowed to reconstruct facilities at Everglades Airpark damaged by Hurricane Wilma. OBJECTIVE: To recognize revenue from FEMA and return funds borrowed from Immokalee Development Fund 497 for the reconstruction of facilities at Everglades Airpark damaged by Hurricane Wilma. CONSIDERATIONS: On April 28, 2009, the Board of County Commissioners (BCC) approved and authorized the Airport Authority to utilize $140,700.99 from the Immokalee infrastructure Fund 497 for the reconstruction of the t- hangar building at Everglades Airpark, Agenda Item 16G4. On November 10, 2009, the BCC approved and authorized the Airport Authority to utilize $83,850 from the Immokalee Infrastructure Fund 497 to front -fund the reconstruction of the sheriffs dwelling and tiki but at Everglades Airpark, Agenda Item 16G4. On February 9, 2010, the BCC approved and authorized the Airport Authority to utilize an additional $50,000 from Immokalee Infrastructure Fund to complete the reconstruction of the t- hangar building at Everglades Airpark, Agenda Item 16G2. Purpose Date From 497 T- hangar reconstruction at X01 04/28/09 $140,700.99 Sheriff dwelling &_tiki but at X01_ 11 /10/09 83.850.00 T -hangar reconstruction at X01 02/09/10 50,000.00 Total $274,550.99 After construction was completed, the Airport Authority received additional funding from the Federal Emergency Management Agency (FEMA) in the amount of $187,270.83 for the t- hangar building at Everglades Airpark. Because the Airport Authority did not receive the anticipated funding from FEMA for the sheriffs dwelling and tiki hut, these structures are not being reconstructed at this time. FISCAL IMPACT: No funds are necessary with this Executive Summary. Funds are available in Airport Authority Fund 496. Budget amendments are necessary to recognized FEMA revenue in the amount of $187,270.83 and to transfer $274,550.99 from Airport Authority Fund 496 to Immokalee Infrastructure Fund 497: Packet Page -2475- 7/26/2011 Item 16.G.2. Total $274,550.99 GROWTH IMPACT: None. LEGAL CONSIDERATIONS: This item has been reviewed by the County Attorney, is legally sufficient, and requires majority vote for approval. - JAK RECOMMENDATION: That the Board of County Commissioners, acting as the Airport Authority, authorize budget amendments to recognize revenue from the Federal Emergency Management Agency (FEMA) in the amount of $187,270.83 and return funds in the amount of $274,550.99 to Immokalee Infrastructure Fund 497 borrowed to reconstruct facilities at Everglades Airpark damaged by Hurricane Wilma. Prepared by: Chris Curry, Executive Director, Collier County Airport Authority Packet Page -2476- Transfer to Transfer from Fund 496 Fund 497 Everglades t- hangar project $190,137.69 Everglades dwelling project 83,850.00 Reserve for Contingencies 563.30 Total $274,550.99 GROWTH IMPACT: None. LEGAL CONSIDERATIONS: This item has been reviewed by the County Attorney, is legally sufficient, and requires majority vote for approval. - JAK RECOMMENDATION: That the Board of County Commissioners, acting as the Airport Authority, authorize budget amendments to recognize revenue from the Federal Emergency Management Agency (FEMA) in the amount of $187,270.83 and return funds in the amount of $274,550.99 to Immokalee Infrastructure Fund 497 borrowed to reconstruct facilities at Everglades Airpark damaged by Hurricane Wilma. Prepared by: Chris Curry, Executive Director, Collier County Airport Authority Packet Page -2476- COLLIER COUNTY Board of County Commissioners Item Number: 16.6.2. 7/26/2011 Item 16.G.2. Item Summary: Recommendation to authorize budget amendments to recognize revenue from the Federal Emergency Management Agency (FEMA) in the amount of $187,270.83 and return funds in the amount of $274,550.99 to Immokalee Infrastructure Fund 497 borrowed to reconstruct facilities at Everglades Airpark damaged by Hurricane Wilma. Meeting Date: 7/26/2011 Prepared By Name: BrueggemanDebra Title: Operations Coordinator, Airport Authority 6/27/20114:07:21 PM Submitted by Title: Executive Director - Airport Authority,Airport Authority Name: CurryChris 6/27/20114:07:23 PM Approved By Name: CurryChris Title: Executive Director - Airport Authority,.Airport Authority Date: 7 /12/2011 1:57:38 PM Name: KlatzkowJeff Title: County Attorney, Date: 7 /15/2011 5:04:31 PM Name: KlatzkowJeff Title: County Attorney, Date: 7/18/2011 9:25:35 AM Name: UsherSusan Title: Management/Budget Analyst, Senior,Office of Manage Date: 7 /18/2011 10:34:31 AM Packet Page -2477- 7/26/2011 Item 16.G.2. Name: IsacksonMark Title: Director -Corp Financial and Mgmt Svs,CMO Date: 7 /18/2011 12:38:15 PM Packet Page -2478-