1987 - 05-04-87 Regular Meeting - Laserfiche WebLink

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t N oo 12 ?.arc iOS to accept the offer of a grant in the amount of $33, 500. 00 to be used on the earth work portion of runway extension. After extensive discussion, Commissioner Raymond C. Cox, Jr. , moved that the Board adopt the following ordinance: BE IT ORDAINED that the County of Lee Board of Commissioners accept the Grant offer of State funds, Work Order #9. 9354109, in the amount of $33, 500. 00 from the Department of Transportation, Division of Aviation, to be used on the earth work portion of Runway Extension for a total project cost of $67, 000. 00. This Runway Extension was previously approved and preapplication was filed on June 20, 1985, Recommendation for source of local funds is as follows: Airport Capital Reserve Account $10, 000, City of Sanford 11, 750. County of Lee 11, 750, MATCHING FUNDS for the $67, 000 Project $33, 500. This recommendation was approved by the Sanford-Lee County Airport Commission at a special meeting on Friday, March 20, 1987, upon motion made by Charles Lee Mann, seconded by Harold Pearson, and approved unanimously by the Airport Commission. Based on information recently received from the North Carolina Division of Aviation, this Grant must be accepted no later than the 14th day of May, 1987, or the offer will expire in order that the funds may be offered to other airports. Commissioner Gordon A. Wicker seconded the motion and upon a vote, the motion was unanimously adopted, Mr. Leonard Barefoot, County Planner, appeared before the Board and presented a request from the Carolina Trace Corporation to be granted an extension of one year to complete the improvements in the following subdivisions: We Lakewood, Highland Woods, Woodmere I, Woodmere II, Trentwood, Sedgemoor I, and Sedgemoor II. Mr. Barefoot reported that the improvements to be done consisted in paving short sections of streets and extending one sewer line. Mr. Barefoot recommended a letter of credit in the amount of $72, 050. 00 be posted, Commissioner Gordon A. Wicker moved that the request for extension be granted upon condition Carolina Trace Corporation post a letter of credit in the amount of $72, 050. 00. Commissioner Bertha L. Matthews seconded the motion and upon a vote the motion was unanimously adopted. Mrs. Beatrice Fields, Finance Officer, appeared before the Board and