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<br /> <br />The proposed budget for the Gifford Road Improvement Fund is $2,500,000. This <br />th <br />fund is for improving the road in front of the Sheriff’s Office from west of 58 Avenue to US#1 <br />in two phases. <br />The proposed budget for the Homeless Assistance Center is $5,000; these are the <br />remaining funds from a grant that must be kept separate. <br />The proposed budget for the Old Fellsmere School is $100,000 and includes a <br />return of the money to the City of Fellsmere. <br />Frank Coffey <br /> distributed another handout, a chart on optional sales tax <br />expenditures. He wanted to know how funding has been shifted from proposed use to cover <br />other needs. He thought the public needed to know. <br />County Administrator Baird estimated the new Administration Complex will be <br />$47 million. The Jail expansion, second phase, is estimated at $20,500,000. Our revenue stream <br />is stronger than projected so we will have a couple million dollars higher than projected. A <br />possible cash flow concern in June 2006 is anticipated. Inter-fund borrowing and re- <br />prioritization of projects may be necessary, in which case staff would come back to the Board. <br />The joint venture with Indian River Community College for the library was good because it <br />released $2.3 million back to us. Staff is analyzing where to find the money and will continue to <br />try to cash-fund our capital projects. The same projects are being done. He then discussed a <br />st <br />stand-alone emergency operations center (EOC) out on 41 Street. <br />Commissioner Davis wanted to talk about additional paving in Vero Lake Estates <br />and specified that a lot of the builders are putting houses in these areas. <br />County Administrator Baird asked if he wanted the County to do an assessment <br />project there and explained some of the particulars. Staff will come back with more information. <br /> <br /> <br /> <br /> <br />July 13, 2005 18 <br /> <br /> <br />