SUBJECT
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Approve State-Funded Supplemental Agreement with the Florida Department of Transportation (FDOT) to accept $2,500,000.00 in construction funding for the North Ridge Trail Project, associated resolutions, CIP Amendment, and resolution to establish budget ($2,500,000.00 one-time unanticipated revenue)
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DESCRIPTION
The Board approved a State-Funded Grant Agreement with FDOT on November 1, 2022, to accept $5,000,000.00 in construction funding for the North Ridge Trail Project. The North Ridge Trail Project is a new two-lane roadway, and the limits are Deen Still Road to Sand Mine Road. The length of the project is 4.1 miles. This supplement to the agreement is for an additional $2,500,000.00, bringing the grant total to $7,500,000.00.
The Board approved a separate State Funded Grant Agreement with FDOT on May 17, 2022, to accept $9,500,000.00 in construction funding for the North Ridge Trail Project.
The total grant funding available for the North Ridge Trail Project is $17,000,000.00 upon execution of this supplemental agreement for $2,500,000.00.
RECOMMENDATION
Request Board Approve State-Funded Supplemental Agreement with the Florida Department of Transportation (FDOT) to accept $2,500,000.00 in construction funding for the North Ridge Trail Project, associated resolutions, CIP Amendment, and budget resolution for $2,500,000.00 which is a one-time unanticipated revenue.
FISCAL IMPACT
Upon approval of the agreement and CIP Amendment and budget resolution, budget in the amount of $2,500,000.00 will be established in the Special Revenue Grants Fund for a project specific fund within the Roads and Drainage North Ridge Trail CIP Project.
CONTACT INFORMATION
Douglas Gable, P.E.
Transportation Engineer
Roads & Drainage Division
(863) 535-2285
Jay M. Jarvis, P.E.
Roads & Drainage Division Director
(863) 535-2200