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U.S. Department <br /> of Transportation <br /> Federal Aviation 2 0 0 7 - 0 41 <br /> Administration <br /> GRANT AGREEMENT <br /> Part I-Offer <br /> Date of Offer <br /> AUG 1 n 2006 <br /> Prescott Municipal Airport/Planning Area <br /> Project No. 3-04-0030-25 <br /> Contract No. DTFA08-06-C-22011 <br /> TO: City of Prescott <br /> (herein called the"Sponsor") <br /> FROM: The United States of America (acting through the Federal Aviation Administration, herein called the"FAA") <br /> WHEREAS, the Sponsor has submitted to the FAA a Project Application dated April 5, 2006, for a grant of Federal <br /> funds for a project at or associated with the Prescott Municipal Airport/Planning Area which Project Application, as <br /> approved by the FAA, is hereby incorporated herein and made part hereof; and <br /> WHEREAS, the FAA has approved a project for the Airport or Planning Area (herein called the "Project") consisting <br /> of the following: <br /> Prepare an Airport Master Plan Update Study including and Environmental Evaluation/Environmental Overview. <br /> all as more particularly described in the Project Application. <br /> Page 1 of 4 Pages <br />