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I <br />N 0 V 181981 booK 48 pArr U <br />ROAD IMPROVEMENT PROGRAM - CASH FLOW PROGRAM <br />The Board reviewed the following material from the <br />County Administrator: <br />TO: The Honorable Members of DATE: November 6, 1981 FILE: <br />the Board of County Commissioners <br />SUBJECT: Indian River County Road Improvement <br />Program - Cash Flow Program as <br />funded by the Transportation Trust <br />Fund. <br />FROM: Neil A. Nelson REFERENCES: <br />County Administrator <br />DESCRIPTION AND CONDITIONS <br />The Department of Public Works has prepared a preliminary flow diagram for <br />the Transportation Trust Fund (80`' of 5th and 6th cent Gas Tax). Only 2 <br />projects have been proposed for funding at this time. These projects are: <br />1. 8th Street, from U.S. 1, to 6th Avenue. Signalization has been previously <br />approved by the Board for this intersection, however, the original approval <br />did not include the Eastern portion of 8th Street. Once signalization <br />design is updated, it will be added to the 8th Street construction cost. <br />Design is currently proceeding and the right-of-way appraisal is almost <br />complete. <br />2. Storm Grove Road right-of-way. This project was considered by the Board <br />during the October 21, 1981, meeting and right-of-way aquisition has been <br />in the works for 2 years or so. It is anticipated that no further funds <br />will be expended on this project at this time. <br />The engineering fees for Indian River Boulevard are not included as project <br />costs. On December 12, 1980, the Board established the Indian River Boulevard <br />project fund, No. 303-214-541-33.13, and deposited $300,000 into the account. <br />Various withdrawals since that time have been made against the account and the <br />current balance is $174,451.42. Therefore, S125,548.58 has been expended. Also, <br />the design engineers have been authorized to complete engineering at a cost of <br />$11,620. Thus, $137,168.58 has'been obligated to date. <br />ALTERNATIVES AND ANALYSIS <br />The projects included on the cash flow sheet have been approved by the Board. <br />Also, the engineering and related costs for the Indian River Boulevard Extension may <br />be reimbursed to the County from the Transportation Trust Fund. The alternatives <br />presented to the Board are as follows: <br />Alternative1: <br />Approve the present Road Imaroven;ent Program cash flow chart as presented at <br />this time. Once all costs for Indian River Boulevard are accounted for as <br />previously approved by the Board, the costs will be applied to the Transportation <br />