Title:
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Approve and authorize the Chairman to execute a Resolution implementing Budget Amendment (BAR) #25-020 in the 2014 Infrastructure Sales Tax Fund to transfer $805,000 of existing project budget to the CR419/SR426 Phase 3 Widening project. District1,2 - Dallari/Zembower (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/407-665-7180
Background:
The CR419/SR426 Phase 3 Widening project (CIP#01785408) involves the widening of a segment of SR426/CR419 from Avenue B to Lockwood Blvd and will result in the completion of the two (2) lanes to four (4) lanes for SR46/CR419 from Pine Avenue to Lockwood Blvd in Oviedo.
This budget amendment will allocate additional funding for design. The bid for design is $1.8M which exceeded the initial engineering estimate of $1M. This BAR will allocate the additional $800K from exiting project budgets with funding that has been postponed due to scheduling. There will be no impact on 2014 Infrastructure Sales Tax reserves. Seminole County will be submitting a grant application to the US Department of Transportation for funding of the construction and CEI portion of this project in the future.
Requested Action:
Staff requests the Board approve and authorize the Chairman to execute a Resolution implementing Budget Amendment (BAR) #25-020 in the 2014 Infrastructure Sales Tax Fund to transfer $805,000 of existing project budget to the CR419/SR426 Phase 3 Widening project.