Subject:
Title
Approval RE: Transportation Impact Fee Technical Advisory Committee for the Central Mainland Benefit District Project Funding Recommendations (Districts 1, 2, and 4).
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Fiscal Impact:
FY20/21: The transportation impact fees that will fund these project recommendations were collected prior to January 1, 2021 and are currently budgeted as Reserves for Capital Outlay in the amount of $3,478,125. If approved, $15,000.00 in Reserves will be re-budgeted as Grants and Aid to be disbursed to the City of Cocoa. The transportation impact fees collected in the City of Cocoa ($1,257,578.47), City of Rockledge ($1,214,826.56) and Town of Palm Shores ($13,236.90) 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 $215,000.00 as prepared by the Technical Advisory Committee for the Central Mainland Benefit District on February 4, 2021; and if approved, authorize the Chair to execute the Transportation Impact Fee Disbursement Agreement with the City of Cocoa; and authorize the Budget Office to execute any budget change requests necessary for implementing these appropriations.
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Summary Explanation and Background:
The Technical Advisory Committee for the Central Mainland Benefit District met on February 4, 2021 and unanimously adopted the project funding recommendations itemized below. The Technical Advisory Committee for the Central Mainland Benefit District consists of one representative from the City of Cocoa, Town of Palm Shores, City of Rockledge and Brevard County.
Project Funding Recommendations:
1. Return $41,885.00 in unexpended impact fees from the Murrell Road Right Turn Lane project;
2. Return $49,687.00 in unexpended impact fees from the Holiday Springs Right Turn Lane project;
3. Return $10,893.00 in ...
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