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HomeMy WebLinkAbout2006-116RESOLUTION NO. 2006- 116 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, ACKNOWLEDGING TERMS OF REIMBURSEMENT FOR ACCELERATED CONSTRUCTION OF STATE ROAD 60 WHEREAS, the Safe Accountable Flexible Efficient Transportation Equity Act — a Legacy for Users (SAFETEA-LU) requires that each MPO annually prepare a five-year Transportation Improvement Program (TIP); and WHEREAS, the TIP contains federal and state surface transportation funds programmed for use on projects identified as the MPO's top priorities; and WHEREAS, the federal and state funds contained in the TIP are inadequate to complete the construction of the MPO's current number one priority project, the widening of SR 60 from 82°a Avenue to I-95; and WHEREAS, the County and FDOT have agreed to enter into a Joint Participation Agreement for advancing construction of . SR 60, whereby construction funding of approximately $30 Million will be made available by Indian River County in 2008/09; NOW, THEREFORE, BE IT RESOLVED THAT THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA ACKNOWLEDGES THAT, BY PARTICIPATING IN THE ADVANCED CONSTRUCTION AGREEMENT, THE COUNTY WILL COMMIT A SUM OF FIVE MILLION DOLLARS FROM ITS FEDERAL FUND ALLOCATION IN EACH YEAR BETWEEN 2011/12 AND 2016/17 FOR REPAYMENT OF THE ADVANCEMENT OF THE PROJECT. The forgoing Resolution was offered by Commissioner Lowther and seconded by Commissioner Neuberger and upon being put to a vote, the vote was as follows: Arthur R. Neuberger, Chairman Aye Gary C. Wheeler, Vice Chairman Aye Wesley S. Davis, Commissioner Aye Thomas S. Lowther, Commissioner Aye Sandra L. Bowden, Commissioner Nay The Chairman thereupon declared the resolution duly passed and adopted at a meeting held this 22" day of August, 2006. 37 BOARD OF COUNTY COMMISSIONERS INDIAN RIVER COUNTY, FLORIDA Arthur -R-: Neub-rger,=Cliai ATTEST: 'N `•-c - Ac`� I ' LC Fts,/ '. Jeffrey K. Barton, Clerk APPROVED AS TO FORM AND LEGAL SUFFICIENCY William G. Collins II, County Attorney APPROVED AS TO PLANNING MATTERS Ro.ert M. Keating, AICP Community Development Dire or F:\Community Development \ Users \MPO\highway Grants\SR 60 Advanced Construction\BCC Resolution of Accelerated Payment.doc