Loan for Gnoss Field Reconstruction Project

Board of Supervisors

Meeting Date: 12/12/2017

Preview

The Board will hear a request from the Department of Public Works to authorize a one-time loan of $1.1 million from the General Fund to the Special Aviation Enterprise Fund for the Gnoss Field Airport Runway Reconstruction Project. The construction contract of nearly $2.3 million was awarded in August 2017 to Team Ghilotti. Naturally-occurring asbestos was discovered at the site in October 2017, which prompted a change in the work plan and an increase in costs. The Board has a longstanding policy against using General Fund money for the airport. The proposed loan would cover the costs, and staff would work to identify alternative financing options to repay the loan.

Review

The Board authorized the one-time loan.

Need more info? See the staff report about the proposed loan for the Gnoss Field Reconstruction Project.

Contact: Raul Rojas, Director, Department of Public Works

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