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12H. REcREATloN-NoNE <br />12.L PUBLIC WORKS <br />12.L1. STATE ROAD 60 BETWEEN 82ND AVENUE AND 66THAVENUE. COUNTY - <br />ADVANCED FUNDING FOR WIDENING STATE ROAD 60 FROM 4 -LANES <br />TO 6 -LANES. LOCALLY FUNDEDAGREEMENT WITHFLORIDA <br />DEPARTMENT OF TRANSPORTATION. AMENDMENT NO. 1 <br />Assistant Public Works Director Chris Mora recapped the backup memorandum <br />dated June 9, 2008, to update the Board on the Locally Funded Agreement with the Florida <br />Department of Transportation (FDOT). He advised the Board that the FDOT had reduced the <br />amount of County -advanced funds for the widening of SR60 from $34,669,601.00 to <br />$23,833,362.00, and an amendment to the original agreement must be adopted in order to <br />implement the lower payment. He noted that the reduced County payment would result in a <br />lower interest loss associated with advancing the funds, which would allow the County to reduce <br />the SR60 Interest Share Fee, which is charged to Developers. Director Mora thereafter provided <br />staff's recommendation for: (1) approval of Amendment 1 to the Locally Funded Agreement; <br />and (2) authorization for staff to amend the SR60 Interest Share Fee Ordinance. <br />Commissioner O'Bryan MOVED, SECONDED by Vice <br />Chairman Davis, for discussion, to approve staff's <br />recommendation. <br />Commissioner O'Bryan was pleased to see the cost reduced for the widening of <br />SR60. He also commended the builders and developers who have been paying the SR60 <br />Interest Share Fee. <br />20 <br />June 17, 2008 <br />