Lake Development Authority

Purpose: Remove Runway; Construct Taxilane. Activities to Be Performed/expected Outcomes: This Project Constructs 1,540 Feet of Hangar Taxilane to Connect a New Hangar Area to an Existing Taxilane. . This Project Removes 600 Feet of Runway 5/23 From the Airfield to Eliminate Unused Pavement. This Grant Funds the Final Phase, Which Consists of Construction. Intended Beneficiary: This Grant Will Provide Federal Funding for Airports Associated With Willoughby, Ohio.

Committed

$982,132

Paid to

UEI P429JJ721FE5

105 Main Street, Painesville, OH, 44077

Department of Transportation

Federal Aviation Administration

Place

WILLOUGHBY, OH, UNITED STATES

OH-14

Performance

Sep 8, 2023 → Sep 7, 2027

How to read these numbers

One award, start to finish: Everything here is this single award's whole record — signed, amended, paid — not a fiscal-year slice. The by-year charts elsewhere split an award across the years it was committed; this page keeps it whole.
Committed vs. ceiling: Committed is what the government has legally promised on this award so far. Contracts can also carry a ceiling — the maximum if every option is exercised. Unspent ceiling is headroom, not money owed.
Paid out: The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
The ledger: Each transaction is a signing event — an action that created or changed the award, dated the day it was signed — not a payment. Negative amounts are real: money de-committed at closeout or renegotiation.
The money bar: One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .

Source

This award on USAspending.gov ↗

Federal grant · project grant (b)

Department of Transportation

Federal Aviation Administration

Airport Improvement Program, Infrastructure Investment and Jobs Act Programs, and COVID-19 Airports Programs to

Lake Development Authority

Committed

$982,132

Paid to

Lake Development Authority

UEI P429JJ721FE5

105 Main Street, Painesville, OH, 44077

Department of Transportation

Federal Aviation Administration

Place

WILLOUGHBY, OH, UNITED STATES

OH-14

Performance

Sep 8, 2023 → Sep 7, 2027

How to read these numbers

One award, start to finish: Everything here is this single award's whole record — signed, amended, paid — not a fiscal-year slice. The by-year charts elsewhere split an award across the years it was committed; this page keeps it whole.
Committed vs. ceiling: Committed is what the government has legally promised on this award so far. Contracts can also carry a ceiling — the maximum if every option is exercised. Unspent ceiling is headroom, not money owed.
Paid out: The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
The ledger: Each transaction is a signing event — an action that created or changed the award, dated the day it was signed — not a payment. Negative amounts are real: money de-committed at closeout or renegotiation.
The money bar: One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .

Source

This award on USAspending.gov ↗