Title:
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Approve and authorize the Chairman to execute a Resolution implementing Budget Amendment (BAR) # 26-022 in the 2024 Infrastructure Sales Tax Fund to transfer $25,000,000 to the Central Florida Expressway Authority from reserves for the SR 417 Sanford Airport Connector Project. District5 -Herr (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:
On February 10, 2026, the Board of County Commissioners approved an interlocal agreement with the Central Florida Expressway Authority (CFX) related to the construction of an expressway connection between SR 417 and the Orlando Sanford International Airport. The agreement requires that within 30 days of final execution, the County make an initial payment of $25,000,000 to CFX, which shall obligate CFX to achieve a 60% design milestone.
In FY28, a second payment of $25,000,000 will be made to CFX, which shall be used toward property acquisition, pre-construction, and construction phases of the project. The total County contribution under the agreement is $50,000,000.
The attached BAR will transfer $25,000,000 from 2014 Infrastructure Sales Tax reserves to establish budget in the SR 417 Sanford Airport Connector Project (CIP 02607050) to make the first payment to CFX. Reserves in the 2014 Infrastructure Sales Tax Fund are currently budgeted at $65.6M.
Requested Action:
Staff requests the Board approve and authorize the Chairman to execute a Resolution implementing Budget Amendment (BAR) # 26-022 in the 2024 Infrastructure Sales Tax Fund to transfer $25,000,000 to the Central Florida Expressway Authority from reserves for the SR 417 Sanford Airport Connector Project.