ITEM TITLE:
#21-37 - Authorizing Submission of a Sport Fish Restoration Act, Recreational Boating and Access Matching Grant
SUBMITTED BY: Jeremy Talbott, Ports & Harbors Director
FISCAL NOTES:
Expenditure Required: $3,568,000 (Project Cost)
Unencumbered Balance: 6,321,367.56
Funding Source: 350-0318-58000 Harbor Major Maintenance & Replacement
RECOMMENDATION:
Authorize Submission of a grant application to the State of Alaska for a Sports Fish Restoration Act, Recreational Boating and Access Grant.
SUMMARY STATEMENT:
The State of Alaska Department of Fish and Game, administers the Sport Fish Restoration Program for the US Fish and Wildlife Service.
Annually around 50 million dollars is apportioned to the Alaska State Department of Fish and Game through the Wildlife restoration program. The Program is funded by excise taxes collected from the sales of hunting and fishing gear, guns, ammunition, and boat fuel. Annually the State of Alaska Department of Fish and Game implements 30 fishing and boating access projects. The rest of the allocated funds are allocated to research, game management, and aquatic education.
This specific program can cover up to 75% of the project and requires a 25% match. If the ADFG funds the total project cost of $3,568,000, the City would pay $892,000.00 in matching grant funds.