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MAY 111993 BOOK 89 pAcE 525 TO: FROM: SUBJECT: RE: DATE: James E. Chandler County Administrator James W. Davis, P.E. Public Works Director City of Vero Beach - AlA Widening Request for Traffic Impact Fees District 2 Clifford J. Suthard, Director of Engineering City of Vero Beach to James Davis Dated April 27, 1993 May 3, 1993 DESCRIPTION AND CONDITIONS The City of Vero Beach Engineering Department has received bids for three lane widening of SR AlA between Castaway Boulevard and Beachland Boulevard. The programmed improvement will result in added capacity to a State Arterial Road. The Florida Department of Transportation budgeted $3,200,000.00 for the construction, however, the, contract amount is approximately $3,500,000.00. To fund the approximate $300,000.00 shortfall, the City is requesting a $300,000.00 allocation from the District 2 Traffic Impact Fee Fund (balance as of March 31, 1993 is $1,160,391.00). ALTERNATIVES AND ANALYSIS The projects to be funded with District 2 Traffic Impact Fees in the next 18 months include the following: Estimated Cost SR AlA Widening from Castaway Cove to Moorings Widen to three lanes 1996 $ 700,000.00 Intersection Improvements SR AlA/Mooring Line Drive 1996 $ 150,000.00 Subtotal $ 850,000.00 Requested AlA Widening $ 300,000.00 Total $1,350,000.00 RE—CO�ONS AND FUNDING Based on the current District 2 balance, it appears that planned improvements can proceed if the District 2 funds are approved for AlA Widening. Staff recommends that $300,000.00 be allocated at this time to cover the existing shortfall. Funding to be from District 2 Traffic Impact Fee Fund 101-152 in the amount of $300,000.00 ON MOTION by Commissioner Eggert, SECONDED by Commissioner Macht, the Board unanimously authorized payment of $300,000.00 to the City of Vero Beach for SR-AlA widening, to be funded with District 2 Traffic Impact Fees, as recommended by staff. 60 r