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Josephine County airports report: runway work done, FAA funds and line-of-credit used to bridge invoices
Summary
County airports staff reported completion of a runway extension and ongoing projects, said lease deals boosted revenue and clarified the $3 million county line of credit was used as standby (about $1.2 million drawn) to cover early contractor invoices; FAA reimbursements expected to restore reserves.
Airport leadership briefed the board on multiple completed and upcoming projects and on short-term finance measures at the Jan. 6 workshop.
Staff said the runway extension project (described in the packet as a $2.7 million project) is substantially complete and on budget, and that PAPI and runway lighting installations are scheduled next week pending an FAA flight survey. Airport staff said hangar construction is finished and leases are in place (certificates of occupancy…
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