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Page 2 BCC Agenda Item Sector 3 Beach Restoration May 7, 2013 FUNDING Local funding of Beach Restoration includes a portion of Local Option Tourist Tax Revenue as well as allocation of the One Cent Sales Tax. For FY 12/13, funding in the amount of$480,945 is budgeted and available for monitoring and mitigation of the Sector 3 Beach Restoration project in the Beach Restoration Fund, Sector 3 Beach Restoration Account No.12814472-033490- 05054. Please note that $1.6 million in mitigation costs may or may not be needed. Additionally, these funds would not be expended until December 2015 which would allow one to two additional years of tourist tax revenues and other sources as budgeted, to accumulate for this purpose. There is currently no state cost sharing approved for this project. FDEP has agreed that the project will qualify for 50% state cost sharing, however- the FY 2012-2013 state budget cycle does not include funding for Sector 3 construction. Under the rules of the cost sharing grant program, the County can construct the project with its own funds and then has up to 3 years to seek reimbursement under the cost sharing program. RECOMMENDATION The recommendation of staff is for the Board to approve Work Order No. 1 to the contract with Coastal Planning and Engineering Inc. and authorize the Chairman to sign on behalf of the County. ATTACHMENT Coastal Planning and Engineering, Inc. Work Order No. 1 (2 original copies) APPROVED AGENDA ITEM Indian River County Approved Date Administration � "- C3 FOR: Ma 7, 2013 Budget 4 29 !3 BY:Q4Lx� Legal ) Public Works `�►�,'� y� �.3 Coastal Eng. Division JDC7 141?5113 F:\Public Works\JamesG\Sector 3\CPE Work Orders\Work Order No. 1 -2013 Physical Monitoring\Agenda Item\agenda item Coastal.Planning and Engineering Work Order#l.docx 47