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FDEP Grant Agreement 221R1 <br />February 21, 2023 BCC Meeting <br />FUNDING <br />As the construction phase of the project was completed in March of 2022, funding for <br />construction related activities, in the amount of $7,124,944.00, was budgeted and made <br />available in the Beach Restoration Fund/Sector 3 Beach Renourishment account, number <br />12814472-066514-17001 and includes funding from the Local Option Tourist Tax Revenue, FEMA <br />Project Worksheets, and Local Government Funding Request Grant 171R2 reimbursements. <br />Funding for post -construction related monitoring activities, in the amount of $197,925.00, was <br />budgeted and made available in the Beach Restoration Fund/Other Contractual Services/Sector <br />3 Post -Construction Monitoring account, number 12814472-033490-05054. <br />Account Name <br />Account Number <br />Amount <br />Beach Restoration Fund/Sector 3 Beach Renourishment <br />12814472-066514-17001 <br />$7,124,944.00 <br />Beach Restoration Fund/Other Contractual <br />Services/Sector 3 Post -Construction Monitoring <br />12814472-033490-05054 <br />$197,925.00 <br />Total <br />$7,322,869.00 <br />RECOMMENDATION <br />Staff recommends the Board approve FDEP Grant Agreement No. 221111 for up to $7,322,869.00 <br />and authorize the Chairman to sign the Agreement on behalf of the County. Following Board <br />approval, the County will transmit the partially executed Agreement to the State for final <br />signatures. Upon receipt of the fully executed original FDEP Grant Agreement 221R1 from the <br />State, staff will transmit to the Clerk to the Board of County Commissioners for filing. <br />ATTACHMENTS <br />1. FDEP Grant Agreement 221R1 <br />2. Indian River County Grant Form No. 221R1 <br />APPROVED AGENDA ITEM FOR: February 21, 2023 <br />59 <br />