Recommendation Concerning Reallocation of Capital Improvement Program Funds - Joy D. Blackmon, P.E., Public Works Department Director
That the Board approve the reallocation of funds from the Capital Improvement Program, totaling $1,000,671, from the Congestion Improvement Program to the Pensacola Beach Access - Congestion Improvements and Lane Widening Project (District 4).
[Funding Source: Fund 352, Local Option Sales Tax III, Account 210107]
BACKGROUND:
Staff requests the Board's approval to transfer $1,000,671 from the Congestion Improvement Program to the Pensacola Beach Access -Congestion Improvements and Lane Widening Project A transfer of funds will be required to allow construction to begin on this project. This project will provide improved ingress/egress and trolley access from Flounders, Morgan Park, Quietwater Beach to fishing pier.
BUDGETARY IMPACT:
No budgetary impact occurs. Funding is currently available in Fund 352 "Local Option Sales Tax III", Account 210107.
LEGAL CONSIDERATIONS/SIGN-OFF:
N/A
PERSONNEL:
N/A
POLICY/REQUIREMENT FOR BOARD ACTION:
Scheduling and prioritization of capital improvements projects is at the discretion of the Board.