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BOOK 97 PAGE 239 <br />TRAFFIC EWPACT FEE - DISTRICT 5 - 21ST STREET WIDENING - <br />BUDGET AMENDMENT #011 <br />The Board reviewed the following memo dated 1/17/96: <br />TO: James E. Chandler, <br />County Administrator <br />FROM: James W. Davis, P.E <br />Public Works Director <br />SUBJECT, Traffic Impact Fee W) District 5 Funding for City of Vero Beach 21 st Street <br />Widening between 19th Avenue and 14th Avenue - BA -011 <br />DATE: January 17, 1996 <br />DESCRIPTION AND CONDITIONS <br />On February 7, 1995, the Board approved TIF District 5 funding in the amount <br />of $365,000 for the City of Vero Beach 21st Street widening project. At that time, <br />the funds were approved for the 94/95 Fiscal Year. Recently, the project was <br />completed and the City is now requesting reimbursement in the amount of <br />$365,000. At this time, the funding needs to be allocated in FY95/96 and <br />payment be made to the City. <br />RECOMMENDATIONS AND FUNDING <br />Staff recommends that TIF District 5 funding be extended to FY95/96 for the <br />City's 21st Street widening project and that payment in the amount of $365,000 <br />be forwarded to the City. <br />ON MOTION by Commissioner Eggert, SECONDED by <br />Commissioner Tippin, the Board unanimously extended <br />TIF District 5 funding to FY 95/96 for the City of <br />Vero Beach widening project; authorized the payment <br />of $365,000 to the City; and approved Budget <br />Amendment #011, as recommended by staff. <br />68 <br />FEBRUARY 6, 1996 <br />� r <br />