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