LEGISLATIVE ACTION ITEM
SPONSOR: Grover C. Robinson, IV, Mayor
SUBJECT:
title
PORT OF PENSACOLA - FLORIDA SEAPORT TRANSPORTATION ECONOMIC DEVELOPMENT (FSTED) GRANT 449499-2-84-01 FOR COVID RELIEF FOR SEAPORTS
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RECOMMENDATION:
recommendation
That City Council accept and authorize the Mayor to execute State of Florida, Florida Seaport Transportation Economic Development (FSTED) Grant # 449499-2-84-01 in the amount of $806,772 comprised of $806,772 in FSTED funds and $0 in local match. Further, that City Council authorize the Mayor to take all actions necessary to accept, execute and administer the grant. Finally, that City Council adopt a supplemental budget resolution appropriating the grant funds.
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HEARING REQUIRED: No Hearing Required
SUMMARY:
Florida Seaport Transportation Economic Development (FSTED) was awarded $250 million 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) Grant Agreement No. 449499-2-84-01
2) Supplemental Budget Resolution
3) Supplemental Budget Explanation
PRESENTATION: No end