12/04/1985 Meeting (2) - Laserfiche WebLink

Home Browse Search

~- . M E M 0 RAN DUM November 25, 1985 TO: Mayor and City Council FROM: Micheal D. Gleason, City Manager SUBJECT: PUBLIC HEARING--STATE FUNDING APPLICATION FOR AIRPORT IMPROVEMENTS BACKGROUND: Earlier this year, the Oregon Legislature passed House Bill 2938, creating the Oregon Public Works Infrastructure Fund from statewide lottery revenue. The purpose of the fund is for loans and grants to local jurisdictions to help fund infrastructure projects with economic development potential. Staff has prepared an application to the administering agency, the State Intergovernmental Relations Division, for $990,000 in funding under this new program. This request would be for $585,000 in loans (20-year term at - 5 percent interest) and $405,000 in grants, and the funding would be used to pay for two elements of the Mahlon Sweet Airport expansion project: construction of expanded parking facilities and installation of a new sanitary sewer line to serve the airport site. A draft of the City.s proposed application has been forwarded to you ~nder separate cover. One of the requirements in the application process is that the applying jurisdiction hold a public hearing on the proposed application, attaching the minutes of that hearing, along with any written testimony presented, to the application materials. ACTION: Pursuant to the regulations, staff has scheduled a public hearing during your December 4 meeting. Following the hearing, Council action is requested authorizing the Mayor to execute the application. Applications for funding in the first round are due on December 13, and the State expects to make funding awards by February 14. Another round, if necessary, will begin in the summer. Should you have any questions about the City's application or the public hearing, please contact Glen Potter, Intergovernmental Relations, 687-5177. e