Title:
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Approve and authorize the Chairman to execute a Resolution implementing Budget Amendment Request (BAR) #24-041 in the 2014 Infrastructure Sales Tax Fund to transfer $820,650 from reserves for right-of-way acquisition costs for the Hillview Drive Drainage Project. District3 - Constantine (Timothy Jecks, Management & Budget Director) Requesting Department - Public Works
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Division:
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Management and Budget
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Authorized By:
Timothy Jecks, Management & Budget Director
Contact/Phone Number:
Sara Carrick, Financial Administrator/407-665-7180
Background:
The Hillview Drive Drainage Project (CIP#01785258) includes safety improvements along Hillview Drive with a new curb & gutter, storm sewer system, and off-site retention pond. Construction for this project began in March 2023 and is awaiting further right-of-way acquisition. The attached BAR will add funds in the amount of $820K from reserves to be used on right-of-way acquisition services and to purchase additional parcels. Current reserves in this fund are budgeted at $9.3M. Once these services are complete, construction will resume with an anticipated completion date of December 2024.
Requested Action:
Staff requests that the Board approve and authorize the Chairman to execute a Resolution implementing Budget Amendment Request (BAR) #24-041 in the 2014 Infrastructure Sales Tax Fund to transfer $820,650 from reserves for right-of-way acquisition costs for the Hillview Drive Drainage Project.