9/23/1986 - Laserfiche WebLink

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- M coordination phase in the contract to cover getting all the required agencies involved and to basically set the ground rules as to what type of mitigation we have to do in the wetlands area and what design changes, if any, we are going to have to do. That is scheduled to take about 3 months; then we will get into the preliminary and final design stages and hope to be in construction within a year. Chairman Scurlock expressed his concern about the funding of these projects as the impact fees come in. He noted that we have some large projects within specific zones, such as Indian River Boulevard or a bridge, for instance...Impact fees may come in slowly or quickly and they may only be used in specific areas; therefore, if we build a large project out of gas tax or some other revenue source, he wanted to be sure we have a process where we can do a borrowing situation so that when future impact fees come in, they can repay those monies. He believed this is a concern because at the beginning we will have a shortfall. OMB Director Baird noted this particular project was budgeted for the new year and has a fund of its own, but it was noted that the question is where is the anticipated funding source for the overall project. Chairman Scurlock continued to discuss using gas tax funds in the initial stages but only as a borrowing tool, and OMB Director Baird advised that we segregate all impact fees collected in the certain zone where they are collected and know our balance at all times. Chairman Scurlock asked how much of this project would reasonably be paid if we had the impact fees in hand, and Director Davis stated that we could pay 100% of this project with impact fees; it qualified for that type of a funding program. Commissioner Bowman asked if we can actually project that the impact fees will be sufficient to pay for the complete project, and Director Davis noted that we could bond the project 23 Book 65 FmH 8?3 I