Title:
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Approve and authorize the Chairman to execute a Resolution implementing Budget Amendment Request (BAR) #24-037 in the 2014 Infrastructure Sales Tax Fund to transfer $245,510 from reserves for the SR46 at Airport Blvd Right Turn Lane Project. District5; Herr (Timothy Jecks, Budget & Management Director) - Requesting Dept: Public Works
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Division:
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Management and Budget
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Authorized By:
Timothy Jecks, Director of Management & Budget
Contact/Phone Number:
Sara Carrick, Financial Administrator - 407-665-7180
Background:
At the February 27, 2024 BCC meeting, a Locally Funded Agreement, Off System Construction & Maintenance Agreement, and an Escrow Agreement between the Florida Department of Transportation (FDOT) and Seminole County was presented to the Board for approval. The agreement states that Seminole County will contribute $245,510 in funding for the State Road 46 and Airport Blvd Project. This funding will be used to construct a northbound right turn lane along Airport Blvd. The turn lane will be constructed in conjunction with the State Road 46 milling and resurfacing project being handled by FDOT.
The attached budget amendment will include a transfer of funds from 2014 Infrastructure Sales Tax Fund reserves to provide payment to FDOT. Current reserves are budgeted at $9.3M.
Requested Action:
Staff requests that the Board approve and authorize the Chairman to execute a Resolution implementing Budget Amendment Request (BAR) #24-037 in the 2014 Infrastructure Sales Tax Fund to transfer $245,510 from reserves for the SR46 at Airport Blvd Right Turn Lane Project.