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BOOK W PAGE 460 <br />DISTRICT 5 TRAFFIC IlVIPACT FEES/CITY OF VERO BEACH <br />The Board reviewed a Memorandum of September 23, 1994: <br />TO: James E. Chandler, <br />County Administrator <br />FROM: James W. Davis, P.E., <br />Public Works Direct <br />SUBJECT: Request from City of Vero Beach for District 5 <br />Traffic Impact Fees - 21st Street Widening <br />from 19th Avenue to 14th Avenue <br />REF. LETTER: Monte Falls to James Davis dated Sept. 9, 1994 <br />DATE: September 23, 1994 FILE: 21SRWIDE.AGN <br />DESCRIPTION AND CONDITIONS <br />The City of Vero Beach Engineering Department is currently designing three <br />lane widening improvements to 21st Street between 19th Avenue and 14th <br />Avenue. At this time, the city is requesting a $350,000 allocation from the <br />District 5 Traffic Impact Fee Fund to implement project construction. This <br />project was considered by the MPO on May 11, 1994(minutes excerpt attached) <br />and approved. <br />ALTERNATIVES AND ANALYSIS <br />Staff has prepared a 5 -Year cash flow chart for each Traffic Impact Fee <br />District so that project funding can be tracked. The chart was prepared <br />placing the project in the FY96/97. The City would like to accelerate the <br />funding to FY94/95. A recent detailed review of the cash flow chart by staff <br />indicates that the funding can be accelerated without a significant impact to <br />the program. <br />RECO�DATIONS AND FUNDING <br />Staff recommends that District -5 Traffic Impact Fee funding in the amount of <br />$350,000 be approved for the 21st 'Street widening project during the 1994/95 <br />Fiscal Year. Funding to be from Fund 101-155-541. <br />ON MOTION by Commissioner Adams, SECONDED by <br />Commissioner Eggert, the Board, by a 3-0 vote <br />(Commissioner Macht and Commissioner Bird being <br />absent), approved the District 5 Traffic Impact Fee <br />funding in the amount of $350,000 for the 21st <br />Street widening project during the 1994/95 fiscal <br />year, as recommended by staff. <br />OCTOBER 4, 1994 32 <br />