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Board reviews FAA grant for Grants Pass runway extension and seeks cash-flow timeline
Summary
Interim Airports Manager Cheri Jadot reported an FAA award of about $1.45 million toward the Grants Pass runway extension and presented an application totaling $2,764,539.00. Commissioners raised cash-flow concerns tied to a General Fund bridge loan and requested staff provide a detailed timeline and worst-case/best-case financial analysis.
Interim Airports Manager Cheri Jadot briefed the board on FAA grant funding connected to the Grants Pass runway extension project.
Jadot reported the county has received an FAA award of approximately $1.45 million that will apply to project costs and presented an FAA grant application in the amount of $2,764,539.00 for the project. She said the county expects additional funding in a future phase.
Commissioners discussed the project's cash-flow implications, noting the county is using a previously approved bridge loan from the General Fund to cover upfront expenses while awaiting reimbursement. The board asked staff to prepare a detailed timeline and financial analysis showing best-case and worst-case cash-flow scenarios to ensure transparency and proper planning.
The board approved proceeding without objection and directed staff to return with the requested financial schedule and analysis.
