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RESOLUTION NO. 2009- 006 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, AUTHORIZING THE CHAIRMAN TO EXECUTE A LOCALLY FUNDED AGREEMENT WITH THE FLORIDA DEPARTMENT OF TRANSPORTATION TO CONTRIBUTE FUNDS TOWARD IMPROVEMENTS ON 16T" / 17T" STREET WHEREAS, the anticipated transportation demands on 16th/17th Street between a point 500 feet west of 14th Avenue and U.S. 1 will exceed the level of service established in the Comprehensive Plan; and WHEREAS, if improvements are not made to the roadway and traffic exceeds the level of service, applications for new development would be denied because they would not meet the requirements of the Concurrency Management System; and WHEREAS, improvements to the roadway will eliminate existing deficiencies and create new capacity on the roadway; and WHEREAS, in order for the roadway to meet the requirements of the Concurrency Management System, the improvements must appear in the first three years of the Florida Department of Transportation (FDOT) work program; and WHEREAS, in order for the roadway improvements to appear in the first three years of the FDOT work program, the County must supply the funding to FDOT; and WHEREAS, the County has determined to agree with the FDOT to enter into the Locally Funded Agreement providing for the contribution of funds toward construction of the roadway improvements; and WHEREAS, the Locally Funded Agreement will allow the FDOT to obtain Federal participating funds toward construction of the roadway improvements;