Approve creation of a Capital Improvement Project 26033, “Pavement Maintenance Management Plan Update” PW 26-27; approve a Budget Amendment; and authorize Director of Public Works to apply a grant for an estimated amount of $427,500, with a 5% matching requirement of approximately $22,500; and execute a grant agreement with the Federal Aviation Administration (FAA). (Fiscal Impact $450,000 Expense; Airport Fund; Not Budgeted; Discretionary) [4/5 vote required]

This item seeks approval for Capital Improvement Project (CIP) 26033, "Pavement Maintenance Management Plan Update" for Public Works (PW) 26-27. The project has a total estimated cost of $450,000. The city plans to apply for a Federal Aviation Administration (FAA) grant of $427,500, which would cover 95% of the project cost. The remaining $22,500 (approximately 5%) would be the sponsor's matching requirement, funded from the Airport Fund. The project is currently not budgeted and requires a budget amendment. The Director of Public Works is authorized to execute a grant agreement with the FAA. This action requires a 4/5 vote for approval.