HomeMy WebLinkAboutResolution No. 155-14 RESOLUTION
BE IT RESOLVED by the Common Council of the City of Rochester that the City
authorize the Rochester Airport Company, as the City's agent, to negotiate a revenue guarantee
agreement with interested air carriers using funds from the U.S. Department of Transportation
Small Community Air Service Grant.
BE IT FURTHER RESOLVED that this approval of the revenue guarantee agreement is
subject to the City Administrator's and City Attorney's approval of the agreement's terms and
conditions.
BE IT FURTHER RESOLVED that the City authorize the Rochester Airport Company, as
the City's agent, to create a separate account for the sole purpose of meeting the needs and
obligations of the U.S. Department of Transportation Small Community Air Service Grant.
This account will consist of $700,000 of which $500,000 is backed by the Air Service Grant
funds. The City Administrator in partnership with the Executive Airport Director will approve
any release of funds from this account.
The Mayor and City Clerk are authorized and directed to execute the agreement and any
other documents needed to implernent this resolution on behalf of the City.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS DAY OF , 2014.
-1 PRESIDENT O AID COMMON COUNCIL
ATTEST:
CITY CLERK
APPROVED THIS DAY OF
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)
• Res 1O\AirporMgree.56