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BUDGETARYIMPACT Per the SCOP grant agreement, the County must fund the project and then request reimbursement of the grant share from FDOT to a maximum amount of $1,546,281.00, which will be recorded in the Secondary Roads/Indian River Blvd Ped & Bid/ DOT Grants revenue account, number 109033-334403-21021. The FY 2024/2025 Capital Improvements Element (CIE) allocated $8,398,496.00 for this project. If the bid is awarded, the difference of $2,427,504.00 will be programmed into the FY 2025/2026 CIE, since the project is expected to span multiple fiscal years. Project expenses related to Utilities, in the amount of $698,498.00, will be recorded in the Utilities/WIP/IR Blvd Ped & Bike Access expense account, number 471-169000-21021. All other project expenses, in the amount of $10,127,502, will come from the Secondary Roads/Indian River Boulevard Ped & Bid Access account, number 10921441-066510-21021, for a total project cost of $10,826,000.00. PREVIOUS BOARD ACTIONS On November 19, 2024, the Board of County Commissioners approved a Small County Outreach Program (SCOP) Grant from the Florida Department of Transportation (FDOT) in the maximum amount of $1,546,281.00 for bicycle and pedestrian improvements at Indian River Boulevard from 4' Street to 17th Street. POTENTIAL FUTURE BOARD ACTIONS Budget amendment if needed. STAFF RECOMMENDATION Staff recommends the project be awarded to Timothy Rose Contracting, Inc. in the amount of $10,826,000.00. Staff further recommends the Board approve the sample agreement and authorize the Chairman to execute said agreement after review and approval of both the agreement and required Public Construction Bond by the County Attorney as to form and legal sufficiency, and the receipt and approval of required insurance by the Risk Manager. Indian River County, Florida Page 2 of 2 Printed on 7/1.0/2025 powered by legistarTM 61