By: Linda Dickinson Agenda Item 7 May 11, 2004 Tire Product Commercialization and Applied Technologies Grant Awards.

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Presentation transcript:

By: Linda Dickinson Agenda Item 7 May 11, 2004 Tire Product Commercialization and Applied Technologies Grant Awards

Five Year-Plan Approved May 2003 Allocated 1.6 million 5 years

Tire Product Commercialization Grant Awards FY 03/04 21 Applications Received 3 Disqualified 18 Applications Evaluated 10 Passing Applications 8 Non-Passing Applications

3 Disqualified Applicants Applicant 1) it's product was produced outside the State of California Applicant 2) it included Tire Derived Fuel to process waste tires Applicant 3) it included pyrolysis to process waste tires

North/South Split A List $1,482,780 –$982,780 (66% to (4) S. California) –$500,000 (34% to (2) N. California) B List $1,000,000 –$250,000 (25% to (1) S. California) –$750,000 (75% to (3) N. California)

Funding $1,600,000 Allocated $1,482,780 Recommended Funding $117,220 Remaining for Reallocation

Option Number 1 RECOMMENDATION - Approve the proposed awards, directing staff to enter into Grant Agreements with the applicants identified in the resolution until FY 2003/2004 allocated funds are exhausted, and adopt Resolution Number