Subject:
Title
Approval RE: Transportation Impact Fee Technical Advisory Committee for the South Mainland Benefit District Project Funding Recommendations (Districts 3, 4 and 5).
End
Fiscal Impact:
FY19/20: The transportation impact fees that will fund these project recommendations were collected prior to the start of this fiscal year and are currently budgeted as Reserves for Capital Outlay in the amount of $9,248,822. If approved, $4,771,832.16 in Reserves will be re-budgeted as a Transfer to Brevard County Public Works ($347,378.40) or Grants and Aid ($4,280,123.42). The transportation impact fees collected in the Town of Malabar of $144.330.34 will continue to be held in reserve pending identification of eligible projects.
Dept/Office:
Planning and Development Department
Requested Action:
Recommendation
It is requested that the Board of County Commissioners consider approval of the project funding recommendations in the amount of $4,771,832.16 as prepared by the Technical Advisory Committee for the South Mainland Benefit District on December 5, 2019; and if approved, authorize the Chairman to execute Transportation Impact Fee Disbursement Agreements with the Town of Grant-Valkaria and the City of West Melbourne; and authorize the Budget Office to execute any budget change requests necessary for implementing these appropriations.
End
Summary Explanation and Background:
The Technical Advisory Committee for the South Mainland Benefit District met on December 5, 2019 and unanimously adopted the project funding recommendations itemized below. The Technical Advisory Committee consists of the Town Administrater of Grant-Valkaria, the Town Manager of Malabar, the Deputy City Manager of West Melbourne and the Brevard County Public Works Director.
Project Funding Recommendations:
1. Appropriate an additional $289,123.42 for the Multi-purpose Trail Project to be administered by the Town of Grant-Valkaria;
2. Appropriate $581,000.00 for construction of a traffi...
Click here for full text