05/19/2015 (4) - Laserfiche WebLink

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CONSENT INDIAN RIVER COUNTY, FLORIDA MEMORANDUM TO: Joseph A. Baird, County Administrator THROUGH: Christopher R. Mora, P.E., Public Works Directo, Christopher J. Kafer,Jr., P.E., County Engine-, /- FROM: Richard B. Szpyrka, P.E., Project Engineer el* SUBJECT: F.D.O.T.County Incentive Grant Program(CIGP)—Locally Funded Agreement(LFA) and Resolution Authorizing the Chairman's Signature for Right of Way Appraisal, Consultant, Acquisition, and Relocation Services of Various Parcels for the Construction of Intersection Improvements at SR-60 and 43rd Avenue and Authorizing the Chairman's Signature for the Three Party Escrow Agreement IRC Project No. 0853, FPN -431759-1-4B/42/43/45-01 DATE: April 27, 2015 DESCRIPTION AND CONDITIONS Intersection improvements at SR-60 and 43rd Avenue are funded in the latest Capital Improvements Element, approved on December 2, 2014. The acquisition of right of way for construction of these intersection improvements is estimated to be $8,809,254.00. Through the FDOT County Incentive Grant Program (CIGP), FDOT has provided a Locally Funded Agreement(LFA),whereby FDOT and the County will share the cost of right of way acquisition. If the County agrees to provide one-half(1/2)of the cost for right of way acquisition($4,404,627.00), FDOT agrees to provide the other one-half(1/2)($4,404,627.00)of the funds for right of way acquisition. The agreement requires that the County's portion of the funding be submitted in three payments over a three-year period, with each payment being submitted no later than October 31 of each fiscal year, starting in FY 2015-2016. Specifics for the funding can be found on pages three and four of the attached agreement. FDOT has provided a Three Party Escrow Agreement(Exhibit B) which will establish an escrow account for the project for project funding to be disbursed by an Escrow Agent. FUNDING Funding for the County's share in the amount of$2,111,907.00 for FY 15-16, $1,271,523.00 for FY 16-17, and $1,021,197.00 for FY 17-18, has been allocated in the County's Five Year Schedule of Capital Improvements from Optional Sales Tax/Right of Way/43rd Ave-SR 60/18th Street to 26th Street, Account Number 31521441-066120-06041. RECOMMENDATION Staff recommends the Board of County Commissioners approve the attached F.D.O.T. County Incentive Grant Program(CIGP)—Locally Funded Agreement(LFA),Resolution Authorizing the Chairman's Signature for Right of Way Appraisal, Consultant, Acquisition, and Relocation Services of Various Parcels for the Construction of Intersection Improvements at SR-60 and 43rd Avenue, and Authorizing the Chairman's Signature for the Three Party Escrow Agreement. F:\Public Works\ENGINEERING DIVISION PROJECTS\0853-43rd AVE 18th ST to 26th ST(Arcadis)\Admim\agenda items\FDOT CIGP LFA 91 Agenda 041515\0853 BCC Agenda Memo for Resolution for FDOT CIGP-LFA Agreement 041515.doc