Subject:
Title
Approval RE: Transportation Impact Fee Technical Advisory Committee for the North Mainland Benefit District Project Funding Recommendations (Districts 1 and 2).
End
Fiscal Impact:
FY19/20: The $754,669.00 in unexpended funds from the Carpenter Road Sidewalk project is held in Fund 1230 which is a part of the Brevard County Public Works Department budget. These funds will be re-appropriated to the recommended projects and stay in Fund 1230.
The $717,447.00 in unexpended funds from the Park Avenue Phase I & 2 project and the Titusville 2015 Improvements project have been previously disbursement to the City of Titusville. These funds will be re-appropriated to the Sidewalk Infill on Collector Roads project and do not require disbursement to the City of Titusville.
The $1,272,803.00 in unappropriated funds represent funds carried forward from the prior fiscal year ($991,468.62) and new transportation impact fees collected in the City of Titusville prior to June 30, 2020 ($281,334.38). They are currently budgeted as Reserves for Capital Outlay ($3,899,192). If approved, the budget for Reserves for Capital Outlay will be reduced by $1,272,803.00) and be re-budgeted as a Capital Contribution to Government and disbursed to the City of Titusville. The $49,403.91 reserved for future projects in the City of Titusville will remain on deposit in Fund 1211 which is the Transportation Impact Fee Trust Fund for the North Mainland Benefit District and will not be disbursed to the City.
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 $2,794,322.84 as prepared by the Technical Advisory Committee for the North Mainland Benefit District on August 17, 2020; authorize the Chair to execute the disbursement agreement with the City of Titusville; and authorize the Budget Office to execute any budget ch...
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