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HomeMy Public PortalAbout055-2010 - Est Fund for Runway MaintenanceORDINANCE 55-2010 AN ORDINANCE AUTHORIZING THE ESTABLISHMENT OF A RUNWAY MAINTENANCE FUND (303) FOR THE CITY OF RICHMOND AIRPORT WHEREAS, On September 7, 2010 the Common Council of the City of Richmond, Indiana, approved Ordinance Number 38-2010 which Ordinance was an appropriation ordinance authorizing the submittal, acceptance, and appropriation of grant monies to assist with the costs associated with the rehabilitation and construction of the Richmond Airport Terminal Apron and Taxiway; and WHEREAS, Pursuant to the Grant provisions, the Richmond Airport must commit to maintaining the asphalt on a continual basis for the Richmond Airport Terminal Apron, Taxiway, and Runway Overlay, (hereinafter "Asphalt Maintenance Program") in order to pursue and qualify for future grants from the Federal Aviation Administration and Indiana Department of Transportation; and WHEREAS, It has been determined that it is necessary to establish a runway maintenance fund which shall be funded annually from existing airport cash balances in order that the Richmond Airport may implement its Asphalt Maintenance Program. NOW, THEREFORE, be it ordained by the Common Council of the City of Richmond, Indiana, that the following fund be established: 1. Runway Maintenance Fund — Asphalt Maintenance for Airport Runways, Taxiway and Tarmac (Apron). Passed and adopted this _6th day of _December 2010, by the Common Council of the City of Richmond, Indiana. _S/S J. Clayton Miller President Q. Clayton Miller) ATTEST: _S/S Karen Chasteen City Clerk (Karen Chasteen) PRESENTED to the Mayor of the City of Richmond, Indiana, this _71h _ day of _December_ 2010, at 9:00 a.m. S/S Karen Chasteen City Clerk (Karen Chasteen) APPROVED by me, Sarah L. Hutton, Mayor of the City of Richmond, Indiana, this _7th day of December , 2010, at 9:05 a.m. _S/S Sarah L. Hutton _, Mayor (Sarah L. Hutton) ATTEST: _S/S Karen Chasteen City Clerk (Karen Chasteen)