Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Machine Learning Can’t Pick Winning Funds. But It Can Help You Avoid Losers
    • Megacap IPOs Trigger Fund Portfolio Shifts
    • This mutual fund lets you buy SpaceX stock before the IPO – but what are you actually getting?
    • Why Asset Allocation Matters More Than Fund Selection
    • Customizing Your Fixed-Income Allocation With ETFs and Mutual Funds
    • Best SBI mutual fund with up to 32% CAGR: Scheme doubled money in 3 years, tripled it in 5 – Mutual Funds News
    • Top 5 Flexi Cap Mutual Funds Based on Risk-Adjusted Returns – Money Insights News
    • Corporate bond sales cross the Sh100 billion mark for first time
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Kenai accepts airport grant funds for snow removal equipment, new master plan
    Funds

    Kenai accepts airport grant funds for snow removal equipment, new master plan

    August 10, 2024


    The Kenai City Council on Wednesday unanimously approved a pair of ordinances on shortened timelines to accept nearly $2 million in grant funding to the Kenai Municipal Airport from the Federal Aviation Administration for the development of a new master plan and the purchase of new snow removal equipment.

    Both ordinances were introduced and adopted during the group’s regular meeting on Aug. 7. That’s because City Manager Terry Eubank said that they were on a tight timeline for approval from the FAA. The federal fiscal year ends in September, he said, so “this is typically the time of year when the FAA is trying to get a bunch of their grants out the door.”

    Per memos attached to both ordinances, the city had to accept the grants by Aug. 11.

    The first grant, for around $1.2 million, will be used to purchase a wheel loader and a plow/sanding truck.

    The federal government’s funds will be matched by $79,000 in local contributions. Most of that total had already been allocated, Eubank said, but the ordinance adds around $11,000 in local funds to hit the total. In addition to covering the local match, Eubank said that the city includes funds for contingency spending.

    The ordinance saw no discussion from the council. The attached memo says that new and efficient equipment will support the airports operations and “expedite a safe environment for the aircraft and traveling public.”

    The wheel loader will be purchased for around $770,000 from NC Machinery. The plow truck will be purchased for $440,000 from Bob’s Services.

    The second grant, for $718,000, is for completion of “Phase I” of a new airport master plan. The memo says that a master plan is a review of existing facilities and traffic that provides a development roadmap for five years and an outlook for 20 years. Phase I of such a plan would include a swath of analyses of public involvement, activity forecasts, socioeconomic and financial evaluations, facility reports and more.

    The federal government’s funds will be matched by $55,000 in local contributions. Most of that total had already been allocated, Eubank said, but the ordinance adds around $7,000 in local funds to hit the total. In addition to covering the local match, Eubank said that the city includes funds for contingency spending.

    Master plans, Eubank said, are a “key component” for acquiring grants. He said that they need an updated plan to continue securing federal grant funding at the same rate that Kenai has seen in the past.

    Airport Manager Derek Ables said that the last master plan was finished in 2017 — the projects in the plan are either in progress are already completed. He, too, said that to get grants, the airport needs a new plan.

    A contract will be awarded to HDL Engineering Consultants for that work at $729,000.

    Both ordinances were introduced without objection and adopted unanimously.

    A full recording of the meeting and the text of both ordinances can be found at kenai.city.

    Reach reporter Jake Dye at jacob.dye@peninsulaclarion.com.








    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Hedge Funds Are Built To Beat The Market, But Most Indians Cannot Get In: Here’s Why

    May 27, 2026

    Hedge Funds Are Losing Their Edge in a World of ETFs

    May 26, 2026

    Find GuideStone Funds funds and ETFs

    May 25, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    Machine Learning Can’t Pick Winning Funds. But It Can Help You Avoid Losers

    May 28, 2026

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    Machine Learning Can’t Pick Winning Funds. But It Can Help You Avoid Losers

    May 28, 2026

    In recent years, machine learning has been touted as a game changer for investment management.…

    Megacap IPOs Trigger Fund Portfolio Shifts

    May 27, 2026

    This mutual fund lets you buy SpaceX stock before the IPO – but what are you actually getting?

    May 27, 2026

    Why Asset Allocation Matters More Than Fund Selection

    May 27, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Solana ETFs Extend 14-Day Inflows Streak as Whale Buys $5 Million in SOL

    November 15, 2025

    World Bank Launches $2.7B SOFR-Linked Bonds for 2025

    July 17, 2024

    European companies cut costs, scale back investments in China as its economy slows

    May 28, 2025
    Our Picks

    Machine Learning Can’t Pick Winning Funds. But It Can Help You Avoid Losers

    May 28, 2026

    Megacap IPOs Trigger Fund Portfolio Shifts

    May 27, 2026

    This mutual fund lets you buy SpaceX stock before the IPO – but what are you actually getting?

    May 27, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹9000 monthly SIP can help you retire at 45 with ₹2 lakh monthly pension

    May 5, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.