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43rd Ave Widening <br />26th St to 12th St. 1996 $500,000 <br />Widen Main Relief Canal to <br />5 lanes - widen portions of road <br />to 3 lanes <br />Subtotal <br />$ 850,000 <br />10th Ave. Widening 100,000 <br />TOTAL $ 950,000 <br />District 5 - Current Balance $500,907.99 <br />Projected Revenue by 9-94 440,100.00 <br />(based on past four year average) $941,007.99 <br />RECOMMENDATIONS AND FUNDING <br />Based on the past four years average yearly revenue, it appears <br />that planned improvements can proceed if the District 5 funds are <br />approved for 10th Avenue. Staff recommends, however, that $70,000 <br />be allocated at this time to cover the existing shortfall of <br />$69,856.39, and if additional funds are needed for unforeseen <br />costs, staff will evaluate a future request for funding. Funding <br />to be from Dist. 5 Traffic Impact Fee Fund 101-155 in the amount of <br />$70,000. <br />ON MOTION by Commissioner Macht, SECONDED by <br />Commissioner Eggert, the Board unanimously <br />authorized the allocation of $70,000 from the <br />District 5 Traffic Impact fee Fund, as set forth in <br />stafffs recommendation. <br />RIGHT-OF-WAY PURCHASE - 45TH STREET - KENNEDY GROVES PARCELS <br />The Board reviewed the following memo dated April 28, 1993: <br />TO: <br />James E. Chandler <br />County Administrator <br />THROUGH: James W. Davis, P.E. <br />Public Works Director <br />and <br />Terry B. Thompson, Pff-11� <br />Capital Projects Manager <br />FROM:-Dkb�onald G. Finney, SRA <br />County Right of Way Agent <br />SUBJECT: Purchase Authorization; 45th Street Right -of -Way Acquisition, Kennedy two <br />parcels, Indian River Boulevard, Phase IV <br />DATE: April 28, 1993 <br />Indian River County is planning to widen and pave 45th Street east of U.S. Highway #1 to Indian <br />River Boulevard, Phase 4. The two parcels are the largest parcels to be purchased and there remains <br />one last parcel to acquire. <br />21 <br />MAY 4 1993 ` BOOK 8G11 4 AAE 439 <br />