Laserfiche WebLink
E <br />RESOLUTION 2008-094 <br />A RESOLUTION BY THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, <br />FLORIDA, ESTABLISHING THE STATE ROAD 60 <br />INTEREST SHARE FEE AMOUNT FOR SEGMENT <br />ONE OF THE PROJECT FROM 66TH AVE TO 82ND <br />AVENUE AND SEGMENT TWO FROM 82ND AVENUE <br />TO 1- 95. <br />WHEREAS, the Board of County Commissioners enacted the State Road <br />60 Interest Share Fee Ordinance in 2007; and <br />WHEREAS, the ordinance established a fee to be paid by developers <br />whose project caused a traffic impact to two sections of State Road 60: segment <br />one between 66th Avenue and 82nd Street; and segment two between 82nd <br />Avenue and 1-95; and <br />WHEREAS, when the ordinance was enacted, the amount of the interest <br />share fee was based on the estimated cost of constructing the improvements to <br />State Road 60 of $38,000,000 for segment one and $30,000,000 for segment <br />two; and <br />WHEREAS, construction bids were recently opened for segment one and <br />the construction cost has dropped to $23,833,362 which is significantly less than <br />the original estimate and the Board finds it necessary to change the amount of <br />the segment one interest share fee because the cost of construction of the <br />improvements to State Road 60 were greatly reduced; and <br />WHEREAS, estimates for the cost of constructing segment two from 82nd <br />Avenue to 1-95 have been reduced from $30,000,000 to $15,400,000 which is a <br />significant reduction and the Board finds it necessary to change the amount of <br />the segment two interest share fee because the cost of construction of the <br />improvements to segment two of State Road 60 were greatly reduced; and <br />WHEREAS, simultaneously to approval of this resolution, the Board <br />amended the State Road 60 Interest Share Fee Ordinance so that the fee is <br />established by resolution rather than ordinance, <br />NOW, THEREFORE BE IT RESOLVED, BY THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA that: <br />1. The above recitals are affirmed in their entirety. <br />2. A State Road 60 Interest Share Fee in the amount of $4,054.00 per <br />new Trip for the Segment One Improvements and $8,274.00 per <br />