LEGISLATIVE ACTION ITEM
SPONSOR: Grover C. Robinson, IV, Mayor
SUBJECT:
title
SUPPLEMENTAL BUDGET RESOLUTION NO. 2021-82 - PORT OF PENSACOLA - FLORIDA SEAPORT TRANSPORTATION ECONOMIC DEVELOPMENT (FSTED) GRANT #449499-2-84-01 SEAPORT COVID RELIEF GRANT FOR SEAPORTS
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RECOMMENDATION:
recommendation
That City Council adopt Supplemental Budget Resolution No. 2021-82.
A RESOLUTION AUTHORIZING AND MAKING REVISIONS AND APPROPRIATIONS FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 2021; PROVIDING FOR AN EFFECTIVE DATE.
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HEARING REQUIRED: No Hearing Required
SUMMARY:
Florida Seaport Transportation Economic Development (FSTED) was awarded 250 million dollars to support economic recovery for Florida ports through the American Rescue Plan Act (ARPA). The Port of Pensacola was awarded $806,772 as a sub-recipient to this grant program. This grant is for reimbursement of capital expenditures (facility expansions or upgrades) and operating expenses. Allowable costs do not have to be COVID-19 related; however, sub-recipients will have to report how program funds are used to respond to negative economic impacts and lay the foundation for a strong and equitable recovery.
PRIOR ACTION:
None
FUNDING:
N/A
FINANCIAL IMPACT:
Adoption of the supplemental budget resolution will appropriate the FSTED Grant funds in the amount of $806,772. No matching funds are required.
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STAFF CONTACT:
Keith Wilkins, City Administrator
Amy S. Miller, Deputy City Administrator - Administration and Enterprise
M. Clark Merritt, Port Director
ATTACHMENTS:
1) Supplemental Budget Resolution No. 2021-82
2) Supplemental Budget Explanation No. 2021-82
PRESENTATION: No end