Description
On February 22, 2021, staff submitted a grant application to the Federal Aviation Administration to request funding under the Airport Coronavirus Response Grant Program (ACRGP), Concessions Relief Addendum. The purpose of this grant is to enable airports to provide relief from rent and minimum annual guarantees (MAG) obligations, as applicable, to each eligible airport concession in an amount that reflects their proportional share of the total amount of the rent and MAGs of all eligible concessions at the airport. Relief under this grant must have been provided no earlier than December 27, 2020. Airports may retain up to 2% of their grant amount for administrative fees. The grant was awarded on April 13, 2021 and has been signed by Chairman Green, City of Savannah Manager Brown, and Commission Attorney Stillwell.
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