AGENDA ITEM REPORT
TITLE:
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A RESOLUTION AUTHORIZING THE CITY MANAGER, OR DESIGNEE, TO PREPARE AND SUBMIT A GRANT APPLICATION TO THE FLORIDA DEPARTMENT OF ECONOMIC OPPORTUNITY JOB GROWTH GRANT FUND FOR THE MAINSTREET PROJECT AREA PUBLIC IMPROVEMENTS; AND AUTHORIZING THE CITY MANAGER, OR DESIGNEE, TO ENTER INTO THE APPROPRIATE AGREEMENTS REQUIRED TO RECEIVE FUNDING.
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BACKGROUND:
Pursuant to Section 288.101, F.S., the Florida Job Growth Grant Fund was created to promote economic opportunity by improving public infrastructure and enhancing workforce training. Eligible entities that wish to access this grant fund must submit public infrastructure proposals for infrastructure that is owned by the public and is for public use, or predominately benefits the public.
DISCUSSION:
The City is committed to the responsible development and redevelopment of the MainStreet Project Area and intends to submit an application to the Florida Department of Economic Opportunity (DEO) Job Growth Grant Fund. The Job Growth Grant Fund provides an opportunity to provide financial assistance for a portion of the infrastructure associated with the MainStreet Project Area. The City's application will request a grant for the proposed Banks Road improvements.
The Banks Road improvements are estimated to cost $5.9 million and will provide public connectivity to all surrounding communities, businesses, schools, parks, and public safety services. Furthermore, adding this connection to create a continuous road segment between Wiles Road and Sample Road allows this roadway to serve as a parallel route to US 441 and Lyons Road in this area, helping to prevent those corridors from further additional traffic burden from the development of the MainStreet Project Area.
The attached resolution will grant the City Manager, or designee, the authority to sign the application and submit it to the DEO for consideration. Also, if awarded the grant, the resolution authorizes the City Manager, or des...
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