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INDIAN RIVER COUNTY, FLORIDA <br />MEMORANDUM <br />TO: Jason Brown, County Administrator <br />FROM: Richard B. Szpyrka, P.E., Public Works Director <br />SUBJECT: FDOT County Incentive Grant Program (CIGP) Agreement and Resolution Authorizing the <br />Chairman's Signature for Construction and Construction Engineering Inspection (CEI) <br />Services for SR -60 & 43rd Avenue project FM No. 431759-2-54-01 <br />DATE: February 21, 2017 <br />DESCRIPTION AND CONDITIONS <br />On May 19, 2015, the Board of County Commissioners approved an FDOT County Incentive Grant Program (CIGP), <br />Agreement whereby the Florida Department of Transportation (FDOT) and the County shared the cost of right of <br />way acquisition, with FDOT acquiring the right of way through the FDOT procurement process. The County agreed <br />to provide one-half (1/2) of the cost for right of way acquisition ($4,404,627.00), FDOT agrees to provide the other <br />one-half (1/2) ($4,404,627.00) of the funds for right of way acquisition. <br />With right of way acquisition currently under way, FDOT has provided the County with the attached County <br />Incentive Grant Program (CIGP) Agreement to provide up to 50% funding for Construction and Construction <br />Engineering Inspection Services (CEI) for the SR -60 & 43rd Avenue Improvement Project. The current cost estimate <br />for the project is $10,231,462.74. At this time, only $3,645,573.00 is available from FDOT to fund the project. As <br />such, the attached agreement is for a proposed project cost of $7,291,146.00 and the County's portion will be <br />$3,645,573.00. FDOT has stated that once additional funding for the project is available, which appears to be next <br />fiscal year, FDOT will provide the County with an amendment to the attached agreement. <br />FUNDING <br />Funding for the County's cost share in the amount of $3,645,573.00 is budgeted in Optional Sales Tax/ROW/431 <br />Ave & SR 60 Acct # 31521441-066120-06041 for $1,681,520.00 and available through a budget amendment from <br />Traffic Impact Fees/District II Cash Forward -Oct 1st to Traffic Impact Fees/District II/ROW/43rd Ave & SR 60 Acct# <br />10215241-066120-06041 for $1,964,053.00. <br />RECOMMENDATION <br />Staff recommends the Board of County Commissioners approve the FDOT County Incentive Grant Program (CIGP) <br />Agreement and Resolution and authorize the Chairman to execute the same. <br />ATTACHMENTS <br />1. Authorizing Resolution <br />2. FDOT County Incentive Grant Program (CIGP) Agreement - FM No. 431759-2-54-01 <br />AGENDA ITEM FOR March 7, 2017 <br />C:\Users\GRANIC—l\AppDataU.ocal\Temp\BCL Technologies\easyPDF 7\@BCL@2405A157\@BCL@2405A157.doc <br />BE <br />P105 <br />