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2057 00. RESOLUTION NO. �bS7 A RESOLUTION APPROVING A GRANT FROM THE FEDERAL AVIATION ADMINISTRATION IN THE AMOUNT OF $446,534.00, OR SUCH GREATER AMOUNT AS MAY BECOME AVAILABLE,FOR PROJECT NUMBER AIP 3-05-0065-25-2014 AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE DOCUMENTS TO OBTAIN THE GRANT,APPROVING EXPENDITURES, AND FOR OTHER PURPOSES. WHEREAS,the City of West Memphis and the West Memphis Municipal Airport Commission have been approved for assistance under the Airport Improvement Program, as authorized by the Airport and Airway Improvement Act of 1982, as amended by the Airport and Airway Safety and Capacity Expansion Act of 1987, and/or the Aviation Safety and Noise Abatement Act of 1979; and WHEREAS,the Federal Aviation Administration has allocated for the West Memphis Municipal Airport a grant in the amount of$446,534.00, with the possibility of additional funds becoming available, for project number AIP 3-05-0065-25-2014 to be used for the purpose of the rehabilitation of the north apron at the West Memphis Municipal Airport; and WHEREAS, all costs of the rehabilitation of the north apron are to be covered by ninety (90%) by the FAA grant and ten (10%)by the Arkansas Department of Aeronautics; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WEST MEMPHIS, ARKANSAS, THAT the grant from the Federal Aviation Administration in the amount of$446,534.00, or such greater amount as may become available, for project number AIP 3-05-0065-25-2014 is hereby approved and accepted and the Mayor and the City Clerk are hereby authorized to execute the necessary documents to obtain the grant; and FURTHER,BE IT RESOLVED that, for purposes of Section 3.08.040 of the West Memphis Municipal Code, project number AIP 3-05-0065-25-2014 may require expenditures of said grant funds in excess of$50,000 and such expenditures are hereby authorized and confirmed by the City Council. ADOPTED this 5th day of June, 2014. WILLIAM H.—J 6 S• , MAYOR ATTEST: - fG P •''rte ITY CLERK SPONSORED BY: RFc$*i 104 o SFO co), ryop its, 49 5„ ClFR4, h� F _