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I FEB 8 1984 eQ�►K directed Public Works Director Davis to have a conceptual plan of Apple Way prepared to see what kind of costs would be involved to bring the road up to County standards. FUNDING SHORTFALL - 17TH ST. & U.S.1 INTERSECTION IMPROVEMENTS Public Works Director Davis reviewed the following memo, noting that the bids have come in for the third time on this job: TO The .Honorable Members of DATE: February 6, 1984 FILE: - The Board of County Commissioners SUBJECT: 17th street/US '1 Intersection Improvements - Funding DOT Over Budgeted Costs FROM: , James W. Davis, P.E. REFERENCES: Michael S. DeRosa, DOT Distric- Public Works Director Program Development Engineer, to James W. Davis, dated February 2, 1984 DESCRIPTION AND CONDITIONS For the third -time, bids were received by*the DOT for the improvements at 17th Street/US 1 intersection which were over the DOT budgeted amount. Due to the DOT not being in a position to fund excess costs above -the Engineering Estimate, the County has the option of either funding the $63,757 difference between the low bid by Ft. Pierce Contracting Corp ($220,290.65) and the DOT's budgeted amount ($156,533.65), or inform the DOT that the County has no objection to abandoning the project. ALTERNATIVES AND ANALYSIS The following alternatives are presented: Alternative 1 - Fund the $63,757 shortfall from the Second Gas Tax Fund. Balance of the fund on Feb. 3, 1984 is " $4,7.41,000. This action will allow for a five (5) lane west approach to the U.S. 1/17th Street intersection which will tie into the 16th Street improvement to the west. Alternative No. 2 - Abandon the project. This will create a stressed intersection once the 16th Street improvements are complete and the DOT's budgeted $156,533.65 will probably be used on another project somewhere on the State System. 55 _I