Of this amount, $360,000 will pay for CPA’s environmental consultancy contract with the Guam-based Allied Pacific Environmental Consulting Inc.; $82,817 is for the expenses incurred by APEC for the first removal of contaminated soil; $75,000 is for CPA’s share of the renovation and expansion of the food beverage concession; and $64,925 for the 5 percent management fee of LSG-JMC.
Of the $360,000 APEC contract, $275,000 will pay for the removal of contaminated soil; $35,000 is for air permitting; and $50,000 is for shipping the hazardous waste out of the island.
Funding for the supplemental budget will come from the CPA airport division’s reimbursement collections from historical projects.
As of fiscal year 2008, collection from historical projects amounted to $7.2 million.
After deducting the annual debt payments, the approved capital improvement project supplemental budget and other related expenditures, CPA reported an available balance of $1.6 million as of Friday.
The newly approved over half a million supplemental budget will be sourced out from this available collection balance.
