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BOOK 60 Fr,HE.881 <br />TO: DATE: FILE: <br />The Honorable Members of April 24, 1985 <br />the Board of County Commissioners <br />THROUGH: <br />Michael Wright, SUBJECT: Road Improvement Program <br />County Administrator Cash Flow Diagram <br />FROM: James W. Davis, P.E. REFERENCES: apr:rip/cash flow <br />Public -Works Director <br />DESCRIPTION AND CONDITIONS <br />The Transportation Planning Committee has recommended that two <br />road projects be added to the Road Improvement Program funded by <br />the 5th and 6th Cent secondary Gas Tax revenue. The northerly <br />Extension of Indian River Boulevard was approved by the Com- <br />mittee on April 16, 1985, as recommended by the North US 1 <br />Corridor Study conducted by the Traffic Engineering Department. <br />In addition, the northerly extension of 43rd Avenue from North <br />Gifford Road to Lindsey Road was approved as recommended by the <br />Parks and Recreation Committee to provide improved access to the <br />Gifford Park. " <br />ALTERNATIVES AND ANALYSIS <br />The cost of extending 43rd Avenue North of 45th Street is <br />estimated at $40,000. The road is presently paved north of 47th <br />Street. The northerly extension of Indian River Boulevard to <br />Kingsbury Road (4 -lane divided) is estimated to cost $6,000,000. <br />The road is anticipated to be constructed in phases, with <br />revenue to be provided by gas tax revenue as well as proposed <br />impact fees. <br />Attached is a draft of the revised Road Improvement Program Cash <br />Flow chart which includes the above projects. This program is <br />developed for County initiated Collector Road improvements. <br />Some of the projects are joint County/Developer funded. <br />As prepared, the funding by Gas Tax is adequate up to Oct. 1986. <br />Right-of-way acquisition costs are not projected. <br />RECOMMENDATIONS AND FUNDING <br />It is recommended that the program be approved by the Board and <br />that funding for Indian River Boulevard North Extension be <br />considered from various options including Local Option Gas Tax, <br />Bonding the Second Gas Tax Revenue, impact fees, or a com- <br />bination of the above. Attached is an update on Local Option <br />Gas Tax adoption throughout the State. In a recent seminar <br />conducted by the State Association of County Engineers and Road <br />Superintendents, the Local Option Gas Tax was one of the best <br />methods of funding Transportation Projects. <br />66 <br />