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• <br />• <br />In addition to the old District 3 fund, the new District 1 Traffic <br />Impact Fee fund has $212,165.79. Since the CR512 Phase I project <br />is estimated to cost $2,815,400, new District 1 revenue is needed. <br />The County's 2020 Long -Range Transportation Plan approved by the <br />MPO and BCC includes Barber Street improvements during 2001-2005. <br />RECOMMENDATIONS AND FUNDING <br />Since the Barber Street project is included in the 2020 Long Range <br />Transportation plan, staff recommends allocating $105,000 from the <br />old District 3 Traffic Impact Fee fund (pre Sept. 1999) and $95,000 <br />from the new District 1 Traffic Impact Fee Fund. The attached <br />Interlocal Agreement between the County and City should be approved <br />and the Chairman authorized to execute. All additional funding for <br />the project'shall be by other City of Sebastian revenue sources. <br />ATTACEMENT <br />1) Referenced letter <br />2) Interlocal Agreement <br />3) 2020 Long Range Transportation Plan <br />4) Public Works Projects Budget <br />APRIL 49 2000 <br />ON MOTION by Commissioner Stanbridge, <br />SECONDED by Commissioner Ginn, the Board <br />unanimously approved the Interlocal Agreement with <br />the City of Sebastian; authorized the Chairman to <br />execute same; approved allocating $105,000 from <br />the Old District 3 Traffic Impact Fee Fund (pre - <br />September, 1999) and $95,000 from the new District <br />1 Traffic Impact Fee Fund, with all additional <br />funding to be by other City of Sebastian revenue <br />sources; all as recommended by staff. <br />AGREEMENT WILL BE ON FILE IN THE OFFICE <br />OF THE CLERK TO THE BOARD <br />WHEN EXECUTED AND RECEIVED <br />