AGENDA ITEM REPORT
TITLE:
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A RESOLUTION AUTHORIZING THE MAYOR TO EXECUTE THE INTERLOCAL AGREEMENT BETWEEN BROWARD COUNTY AND THE CITY OF COCONUT CREEK, FLORIDA FOR THE SURTAX-FUNDED MUNICIPAL TRANSPORTATION PROJECT: COMPREHENSIVE STREET IMPROVEMENT PROJECT (PHASE II), SURTAX PROJECT NUMBER BC-CREEK-FY2020-000001.
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BACKGROUND:
In 2015, the City adopted a 4-phase Comprehensive Street Improvement (CSI) Plan to rehabilitate roadway infrastructure. Phase I of the CSI Plan was completed in 2018. On November 6, 2018, Broward County voters approved the Transportation Surtax Ballot Measure to fund transportation projects throughout Broward County such as the City’s CSI Plan. CSI Phase II design was approved by the City Commission in 2019 and construction is pending receipt of the Broward County Transportation Surtax funding.
DISCUSSION:
In 2018, the City of Coconut Creek approved and executed an Interlocal Agreement (ILA) with Broward County to participate in the Transportation System Surtax. In 2020, the CSI Phase II project was approved for funding in Cycle 1 of the Transportation System Surtax program. This Interlocal Agreement provides $3 Million in funding administered by Broward County from said surtax program.
RECOMMENDATION:
Staff recommends approval of this resolution.
FISCAL IMPACT:
REVENUES: $ 3,000,000
EXPENDITURES: $ 0
BUDGETED? Yes
NOTES: Funds will be deposited to revenue account 12-V31261 - Transportation Surtax Proceeds, and will be used to cover the cost of the CSI Phase II project.