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HomeMy WebLinkAboutAgenda Report - January 16, 2008 E-12, �0010 I ;� Ah CITY OF LODI COUNCIL COMMUNICATION 5M AGENDA TITLE: Request from San Joaquin Partnershipfor $25,000 to serve as a Partial Match for a Grant for the Stockton Metropolitan Airport MEETING DATE: January 16, 2008 PREPARED BY: City Manager RECOMMENDED ACTION: Deny the request from the San Joaquin Partnership for $25,000 to serve as a partial match for a grant for the Stockton Metropolitan Airport. BACKGROUND INFORMATION: Attached is a letter from the San Joaquin Partnership requesting that Lodi commit $25,000 to serve as part of a matching grant for the Stockton Metropolitan Airport. The County of San Joaquin has submitted a $400,000 grant application for the Stockton Airport. The grant requires a match of $400,000. The purpose of the grant is to provide marketing and revenue guarantees to a main line air carrier with direct hub service. The Council of Governments (COG) in April agreed to provide the required match. However, COG has requested that the San Joaquin Partnership seek additional support in order to reduce COG's obligation. In response to COG's request, San Joaquin Partnership has secured $100,000 from San Joaquin County and hopes to secure $100,000 each from the private sector and the City of Stockton. They hope to secure $25,000 each from the cities of Lodi, Lathrop, Manteca, and Tracy. Either the Stockton Airport is a regional transportation facility, in which case, COG should consider funding, or it is an enterprise activity which should provide a return on investment. If the City were being asked to make an equity contribution towards an enterprise activity, then more details of return on investment should be provided FISCAL IMPACT: Not applicable FUNDING: Not applicable Attachment Blair Kin ity Manager APPROVED: YllaiPWng, City Manager SAN JOAQUIN PARTNERSHIP k'm atc Nor-i'roht E cnnomic Development Uorporabon Sco Dnp San Joaquin County December 6,2007 Blair King Manager — City of Lodi PO Box 3006 Lodi, CA 95241 Re: Local Match; Small Community Air Service Development Program Dear Blair, �p In April, the San Joaquin Council of Government Board of Directors approved allowing the Stockton Metropolitan Airport Director to include $400,000 from San Joaquin Council of Government as the local match for a Small Community Air Service Development Program Grant Application. TIie County has received notice of award in the full amount of $400,000 the grant is to provide marketing and revenue guarantees to a main line air carrier with direct hub service. To date presentation to Delta Airlines in March 2007 has been positive with discussed direct service to their Salt Lake City Hub. However, Delta may not be the committed carrier however, it is the level of service these funds are intended to attract. The San Joaquin Council of Governments in April approved the $400,000 local match for docLsmentation to submit the grant within avery tight time frame. The Board members requested other agencies and the private sector be approached to reduce the San Joaquin Council of Government commitment. Since April the Board of Supervisors has allocated $100,000 to the match and there has been an additional $1 00,000 discussed which is pending formal approval. The intent at this time is to pursue the following distribution of the local match. San Joaquin County $100,000 City of Stockton $100,000 City of Lathrop, Lodi, Manteca, and Tracy $100,000 Private Sector $100,000 $400,000 FAA Grant (allocated) $400,00 Small Community Air Service Development Program $800,000 As a con f mi i ng part of this effort to bring sclicd a led Airline Service (minimums 2 daily, 7 days a week) to the Stockton Metropolitan Airport we are requesting each of our four cities to participate with a coinmitiiient of $25,000. I col}tinue, to work on getting confirmation with the City of Stockton and generating private sector participation of $100,000. After your review of this request please contact me as to our next step related to the request of the City Council consideration. Sincerely Michael E. Locke, PI•esident/CEO -,, ,t r"3 l�'urh L�trit� _ �u'�[c 17(1 . �5€nI f�i+l!t. �'�tliturtli;l {sI)-f,_', {I .:>I} } I,G•,i„E;If . I�'�a.�'_fl �• l:rE�• !-.'. tl , „orh:"''IG�itr! ,tJ'z H.-Wll GeneraMmall Community Rrr Service Dev Prag-eloc CR