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County Administrator's Report 8. 8.

BCC Regular Meeting

Budget & Finance Consent

Meeting Date:	06/02/2015
Issue: Supplemental Budget Amendment #146 - State of Florida, Economic Development Transportation Project Fund Agreement
From:	Stephan Hall
Department:	OMB
CAO Approval:

RECOMMENDATION:

Recommendation Concerning Supplemental Budget Amendment #146 - Stephan Hall, Management and Budget Services Interim Department Director

That the Board adopt the Resolution approving Supplemental Budget Amendment #146, Local Option Sales Tax III Fund (352), in the amount of $1,950,000, to recognize proceeds from a State of Florida, Department of Transportation (FDOT) Economic Development Transportation Project Fund Agreement (EDTPFA), and to appropriate these funds for transportation improvements on County Road 184 (Muscogee Road) and State Road 95 (US 29) in Escambia County.

BACKGROUND:

On June 2, 2015, the Board is expected to approve an Economic Development Transportation Project Fund Agreement (EDTPFA) with the State of Florida FDOT for funding not to exceed $1,950,000, for transportation improvements on County Road 184 (Muscogee Road) and State Road 95 (US 29). Escambia County has agreed by Resolution to accept future maintenance and other attendant costs occurring after completion of the project for the portion of the project on the county's system.

BUDGETARY IMPACT:

This amendment will increase Fund 352 by $1,950,000.
Escambia County is prepared to complete the project at an estimated total cost of $2,090,000 from Local Options Sales Tax III funds, and FDOT is prepared to provide $1,950,000 toward to the total cost of construction.

LEGAL CONSIDERATIONS/SIGN-OFF:

N/A

PERSONNEL:

N/A

POLICY/REQUIREMENT FOR BOARD ACTION:

Board policy requires increases and decreases in revenues to be approved by the Board.

IMPLEMENTATION/COORDINATION:

N/A

Attachments
SBA#146