2019-203E - Laserfiche WebLink

Home Browse Search

iv Long Term Financial Planning and Major Initiatives Chapter 163 Florida Statutes and Florida Administrative Code Rule 9J-5 requires each local government to have a Comprehensive Land Use Plan. An important part of this plan is the Capital Improvements Plan (CIP) which evaluates the need for public facilities in support of the Future Land Use Element, to estimate the costs of improvements for which local government has fiscal responsibility, to analyze the fiscal capacity of the local government to finance and construct improvements, and to adopt financial policies to guide the funding and construction of the improvements. The CIP is updated annually and encompasses a period of five years. Listed below are some major projects included in the current CIP along with the source of funding and estimated costs:  County Road 512(CR512) Resurfacing & Shoulder Widening from Myrtle Street to 125th Avenue – The $2.0 million project consists of adding five foot paved shoulders to accommodate bicycle lanes, milling and resurfacing the roadway. Upgrades to existing traffic signal equipment, replacing school zone flashers, and installation of a traffic signal at Willow Street & CR512 will also be completed. Funding is provided by a Florida Department of Transportation (FDOT) Small County Outreach Program (SCOP) grant and gas taxes.  49th Street Milling and Resurfacing from 58th Avenue to 31st Avenue – The milling and resurfacing of the roadway, adding sidewalks and shoulders, and replacing signs and pavement markings will be constructed. The $1.0 million project will be funded by a FDOT SCOP grant and gas taxes.  Sector 5 Beach Restoration - The $6.3 million Sector 5 project is a 3.1 mile section of shoreline that sustained damages from Hurricane Matthew (2016), Hurricane Irma (2017) and Hurricane Dorian (2019). The project will place approximately 123,800 cubic yards of beach compatible sand within the project area. Funding is provided by Federal Emergency Management Agency grants, Florida Department of Environmental Protection (FDEP) grants and local option tourist tax.  Jones Pier Wetland Restoration and Conservation Improvements – The planned improvements include a 4-acre saltmarsh with boardwalks, parking area with pavilion and restroom, restored hydric hammock, 100 foot living shoreline, hiking trail and elevating the 1920s Bungalow Cottage. The $1.4 million project will be funded from Optional Sales Tax, Indian River Lagoon National Estuary Program grant, Florida Inland Navigation District grant and FDEP grant.  State Road 60 (SR60) and 43rd Avenue Intersection Improvements – Through the County Incentive Grant Program with FDOT, improvements will be completed at the intersection of SR60 and 43rd Avenue. The project includes adding right turn lanes along SR60, 43rd Avenue reconstruction and widening from 2-lane undivided to 4-lane divided roadway, mill and resurface existing pavement, add bike lanes, pedestrian sidewalks and upgrade existing curb ramps to meet Americans with Disabilities Act standards. The FDOT and County agreed to share equal funding of fifty percent of the total estimated construction costs of $16.1 million. Optional sales tax will provide funding.