Title:
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BAR 24-062; Approve and authorize the Chairman to execute a Resolution implementing a Budget Amendment Request (BAR) in the 2014 Infrastructure Sales Tax Fund to transfer $256,388 of available budget for projects at CR 427 Streetscapes and Longwood Bike Pedestrian Improvements; and to transfer $318,612 to fund reserves. District4; Lockhart (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 CR 427 Context Sensitive Streetscapes Project (CIP#01785154) and the Longwood Bike Pedestrian Improvements (CIP#01785148) are infrastructure sales tax projects that were identified in Exhibit B and Exhibit C of the 2014 Infrastructure Sales Tax Interlocal Agreement as joint city/county projects. The City of Longwood is requesting reimbursement from the County on design costs related to both projects. The CR 427 Context Sensitive Streetscapes Project was constructed by FDOT and the Longwood Bike Pedestrian Improvement Project was constructed by the City.
The attached BAR will allocate funding for design from the Main Street Sidewalk Project (CIP#01785407). This project will be cancelled as the scope of work is included in the Midway Drainage Improvement Project. The remaining funds left in this project after this transfer will be returned to 2014 Infrastructure Sales Tax fund reserves. Current reserves are budgeted at $11.8M.
Requested Action:
Staff requests the Board approve and authorize the Chairman to execute a Resolution implementing a Budget Amendment Request (BAR) in the 2014 Infrastructure Sales Tax Fund to transfer $256,388 of available budget for projects at CR 427 Streetscapes and Longwood Bike Pedestrian Improvements; and to transfer $318,612 to fund reserves.