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7.24.
Regular City Council Meeting
Meeting Date:
04/13/2021
Information
Agenda Item
Resolution - Aviation:
Consider a resolution authorizing the Mayor to execute a Grant Agreement between the City and the Federal Aviation Administration, for the Airport Coronavirus Response Grant Program, to provide relief from rent and minimum annual guarantees to on-airport car rental, on-airport parking, and in-terminal concessions, at Lubbock Preston Smith International Airport.
Item Summary
Lubbock Preston Smith International Airport is eligible to receive funds from the Federal Aviation Administration (FAA) under the Coronavirus Response and Relief Supplemental Appropriations Act. The Coronavirus Response funds will assist airport sponsors to address the COVID-19 public health emergency. The FAA will distribute these grants under the new Airport Coronavirus Response Grant Program (ACRGP). The grant funding is to provide relief from rent and minimum annual guarantees (MAG) to on-airport car rental, on-airport parking, and in-terminal concessions in an amount that reflects each eligible airport concession's proportional share to the total amount of rent and MAGs of all eligible airport concessions at Lubbock Preston Smith International Airport.
Fiscal Impact
Notice of Grant Award from the Federal Aviation Administration (FAA) is in the amount of $111,409 for concessions relief.
Staff/Board Recommending
Bill Howerton, Deputy City Manager
Airport Advisory Board
Attachments
Resolution-FAA (MAG)
FAA Grant Agreement for Rent and MAGs
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