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S. Widening of 21st Street <br />The Board reviewed the following memo dated February 3, 1995: <br />TO:- James E. Chandler, <br />County Administrator <br />FROM: James W. Davis, P.E., <br />Public Works Director <br />SUBJECT: 21st Street Improvements - City of Vero Beach Project #9427 <br />REF. LETTER: Monte K. Falls to James Davis dated 01-27-95 <br />DATE: February 3, 1995 <br />DESCRIPTION AND CONDITIONS <br />FILE: 21STWIDN. AGN <br />On Oct. 4, 1994, the Board approved a $350,000 allocation from the <br />District 5 Traffic Impact Fee Fund for the three lane widening <br />improvements to 21st Street between 14th Avenue and 20th Avenue. <br />On May 11, 1994, the MPO approved the FY94/95 Transportation <br />Improvement Program by Resolution No. 94-1 which included $325,000 <br />funding for this project in FY94/95. <br />The low bid recently received for the road work is $377,840.11. At <br />this time, the City is requesting an additional $50,000 TIF <br />District 5 allocation to fund the additional $27,840.11 and a <br />contingency of $22,159.89 for Change Orders. <br />ALTERNATIVES AND ANALYSIS <br />Staff has reviewed the TIF District 5 Fund program (see attached <br />program) and a negative cash flow balance will result if the 37th <br />Street widening and 41st Street projects are constructed between <br />US1 and Indian River Boulevard. <br />These two projects are critical to manage traffic onto Indian River <br />Boulevard and relieve congestion on 37th Street near the Hospital. <br />The following alternatives are presented: <br />Alternative No...1 <br />Approve the requested $50,000 additional allocation and <br />delay the connection of 41st Street between US1 and <br />Indian River Boulevard until FY96/97. This project <br />contains improvement of the 41st Street drainage outfall, <br />which is needed for a connection to the proposed Gifford <br />Drainage Project. Of the five projects identified for <br />District 5 funding, after 41st Street, 37th Street, and <br />21st Street, four could be constructed in FY97/98 and <br />FY98/99. The remaining project, Widening of Old Dixie <br />Highway between SR60 and 12th Street, would not be fully <br />funded until 2004. This project has been identified in <br />the new Recommended Minimum Transportation Improvement <br />Plan recently approved by the MPO. Staff is of the <br />opinion that the limits of the Old Dixie Highway Widening <br />project could be reduced by deleting the section between <br />SR60 and 16th Street, which is only serving 4000 vehicles <br />per day. <br />FEBRUARY 7, 1995 27 <br />