Title:
title
Approve and authorize the Chairman to execute a Funding Agreement with the State of Florida Division of Emergency Management to accept Hurricane Ian and Nicole Repair and Recovery Funding of $5 million; approve and authorize the Chairman to execute a Resolution implementing the Budget Amendment Request (BAR) #24-053 in the General Fund to appropriate funding of $5 million; and authorize the County Manager or designee to execute all documents and Budget Transfer Requests associated with the funding. Countywide (Timothy Jecks, Management & Budget Director) Requesting Department - Public Works
end
Division:
division
Management and Budget
body
Authorized By:
Lorie Bailey Brown, CFO/Resource Management Director
Contact/Phone Number:
Davison Heriot/407-665-5134
Background:
During the 2022 hurricane season, Hurricane Ian left a significant impact on Seminole County and other communities across the state. Seminole County received record rainfall and flooding that led to significant damages in many locations. The repairs at three locations are still in the design phase with cost estimates exceeding $6.3 million.
The State Legislature in 2023 recognized the financial burden placed on local governments to fund the recovery and passed Hurricane Ian and Nicole Repair and Recovery Funding appropriated by the 2023 General Appropriations Act. This appropriation allows the Florida Division of Emergency Management to provide agencies with advanced payments or 0% interest loans. The loan will be repaid via an offsetting funds transfer once FEMA Public Assistance funding is obligated. In the event that eligible project expenses obligate at a lesser amount than the amount approved in the loan, the County can request loan forgiveness of the remaining amount. Seminole County was approved to use up to $5 million from this program to support the projects at Michigan Ave, DeLeon St/Solary Canal, and S Country Club Rd. The remaining funding will come from General Fund reserves on a future BAR.
The estimated cost of the three projects is $6,371,984. The projects have been submitted to FEMA through the Public Assistance program which will reimburse 75% of the project costs. An additional 12.5% is reimbursed through the State cost-share under FEMA PA.
Requested Action:
Staff requests the Board approve and authorize the Chairman to execute a Funding Agreement with the State of Florida Division of Emergency Management to accept Hurricane Ian and Nicole Repair and Recovery Funding of $5 million; and execute a Resolution implementing Budget Amendment Request (BAR) #24-053 in the General Fund for $5 million to appropriate budget; and authorize the County Manager or designee to execute all documents and Budget Transfer Requests associated with the funding.