Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • NFO ongoing: Balancing growth and stability with Bajaj Finserv Equity Savings Fund
    • AurealOne- Sponsored Content | ThePrint
    • Retirement mutual funds’ AUM jumps 226% in 5 years: Here are the top 10 performers
    • Specialised investment funds: What investors should know about SEBI’s ₹10 lakh rule
    • Japanese bonds log weekly foreign outflows on BOJ policy caution
    • NRI Mutual Fund Taxation: All You Need To Know About TDS And Importance Of Transaction Date In FY25 | Business News
    • US Exchanges Ask SEC to Consider Rule Change to Speed Up Crypto ETFs
    • GL Supports Next-Gen SIP Testing and Emulation
    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

    Specialised investment funds: What investors should know about SEBI’s ₹10 lakh rule

    July 30, 2025

    Official: Barcelona secure €40m funds boost

    July 30, 2025

    QSE edges up as foreign funds increase net buying

    July 30, 2025
    Leave A Reply Cancel Reply

    Top Posts

    NFO ongoing: Balancing growth and stability with Bajaj Finserv Equity Savings Fund

    July 31, 2025

    Qu’est-ce qu’un green bond ?

    December 7, 2017

    les cat’ bonds deviennent incontournables

    September 5, 2018

    ETF : définition et intérêt des trackers

    May 15, 2019
    Don't Miss
    Mutual Funds

    NFO ongoing: Balancing growth and stability with Bajaj Finserv Equity Savings Fund

    July 31, 2025

    Investing doesn’t have to be about choosing between growth potential and relative stability—some avenues can…

    AurealOne- Sponsored Content | ThePrint

    July 31, 2025

    Retirement mutual funds’ AUM jumps 226% in 5 years: Here are the top 10 performers

    July 30, 2025

    Specialised investment funds: What investors should know about SEBI’s ₹10 lakh rule

    July 30, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Philadelphia school board renews charters, funds year-round schooling

    August 22, 2024

    Polk County Life Services Center secures $750K in federal funds

    August 19, 2024

    All in on ETFs? Experts share how to diversify your portfolio — without overdoing it – Winnipeg Free Press

    July 27, 2025
    Our Picks

    NFO ongoing: Balancing growth and stability with Bajaj Finserv Equity Savings Fund

    July 31, 2025

    AurealOne- Sponsored Content | ThePrint

    July 31, 2025

    Retirement mutual funds’ AUM jumps 226% in 5 years: Here are the top 10 performers

    July 30, 2025
    Most Popular

    ₹10,000 monthly SIP in this debt mutual fund has grown to over ₹70 lakh in 23 years

    June 13, 2025

    ₹1 lakh investment in these 2 ELSS mutual funds at launch would have grown to over ₹5 lakh. Check details

    April 25, 2025

    ZIG, BUZZ, NANC, and KRUZ

    October 11, 2024
    © 2025 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

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