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• • <br />RECOMMENDATION <br />Staff recommends that the Board of County Commissioners approve utilizing the above shown <br />amounts as Cash Forward Revenue to offset the 2001/2002 ad valorem taxes and request that the <br />Constitutional Officers reduce their budgets. <br />ON MOTION by Commissioner Adams, SECONDED BY <br />Commissioner Macht, the Board unanimously approved <br />utilization of Florida Retirement System savings in the total <br />amount of $171,213.00 as Cash Forward Revenue to offset the <br />2001/2002 ad valorem taxes and requested that the <br />Constitutional Officers (not including the Tax Collector) reduce <br />their budgets, as recommended in the memorandum. <br />11.G. VERO LAKE ESTATES STORMWATER IMPROVEMENTS, <br />PHASE I - FIRST AMENDMENT TO COST-SHARING AGREEMENT <br />WITH ST. JOHNS RIVER WATER MANAGEMENT DISTRICT <br />(WABASSO CAUSEWAY IMPROVEMENTS) <br />The Board reviewed a Memorandum of June 19, 2001: <br />TO: James Chandler, County Administrator <br />THROUGH: James W. Davis, P.E., Public Works Director <br />U <br />FROM: W. Keith McCully, P.E., Esq., Stormwater Engineer <br />SUBJECT: Vero Lake Estates Stormwater Improvements, Phase I <br />DATE: June 19, 2001 <br />DESCRIPTION AND CONDITIONS <br />Indian River County has a Cost -Sharing Agreement with St. Johns River Water Management District <br />(SJRWMD) for the Vero Lake Estates Stormwater Improvement Project and the Wabasso Causeway <br />Improvements Project. SJRWMD proposes to update the Agreement with respect to the Vero Lake <br />Estates project, and the proposed Amendment is attached for signatures. For the Vero Lake Estates <br />Project, the following modifications are proposed: (1) the description of the Scope of Work is being <br />improved, (2) the time for completion is revised to July 6, 2003, and (3) the compensation being <br />given by SJRWMD to the County is increased from $350,000 to $400,000 <br />July 10, 2001 <br />27 <br />BK 3PG828 <br />