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V <br />which will allow for hangar space to be developed. The recent completion of a wetland <br />mitigation site met the requirement for mitigation of wetland impacts of a proposed <br />project. Future work will include items on the Capital Improvement Plan. The largest <br />capital project proposed is the parallel taxiway project. This project has an estimated <br />design and construction cost of $15 million. Funding for capital projects is typically <br />supported by the Federal Aviation Administration (FAA) through an annual allocation. <br />This allocation is programmed. For larger projects the FAA may use discretionary <br />funding. A local match, typically 10%, is required. The parallel taxiway is proposed to be <br />designed in 2027 and construction beginning in 2029. <br />In addition to the capital plan, work supporting ongoing maintenance and operations <br />continues. Efforts to evaluate the current wetland and determine boundaries are <br />underway. This will help inform permitting and permitted work to help manage habitat. <br />In addition, the County leases land for hangar development as well as business <br />development. Agricultural grazing leases have been in place to help support the airport. <br />The current agricultural grazing leases will expire this year. A call for bids is being <br />prepared and has been discussed and supported by the AAC. <br />FISCAL IMPACT: <br />No fiscal action is requested with this update. <br />ATTACHMENTS: <br />None <br />