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HomeMy WebLinkAboutsummary formDate: 12/14/2004 AGENDA ITEM SUMMARY FORM FILE ID: O 4 O 1414 Requesting Department: Capital Improvements Commission Meeting Date: 1/13/2005 District Impacted: 2 Type: ❑ Resolution ❑ Ordinance ® Emergency Ordinance ❑ Discussion Item ❑ Other Subject: Ordinance to acceptance and appropriate grant funds for Bicentennial Park Shoreline Stabilization Phase II Purpose of Item: Authorization to accept and appropriate grant funds, in the amount of $419,670, to Capital Improvement Project No. 331418, entitled "Bicentennial Park Improvements" from the Florida Inland Navigation District (FIND) FY 2005 Waterways Assistance Program, and authorization for the City Manager to execute the Project Agreement, in substantially the attached form. Background Information: On March 25, 2004 the City Commission approved R-04-0186, authorizing the City Manager to submit an application to FIND to request grant funding through the FY 2005 Waterways Assistance Program in an amount not to exceed $1,550,000, for the Bicentennial Park Shoreline Stabilization Phase II Project. The resolution, R-04-0186, also approved the allocation of required matching funds for fifty percent (50%) of the Project, in an amount not to exceed $1,550,000 from anticipated issuance of the second series Homeland Defense/Neighborhood Improvement Bonds previously approved by voter referendum for Capital Improvements Project No. 331418, entitled "Bicentennial Park Improvements." FIND has approved a reduced grant of $419,670 for Phase II, which will contribute towards the completion of the seawall replacement along the southern edge of Bicentennial Park. Phase I of the project also was funded, in part, by a previous FIND grant. In addition, a new seawall will be constructed along the western and southern edges of the FEC slip which will allow for tie-in with a public plaza and continuation of the pedestrian promenade. Budget Impact Analysis YES Is this item related to revenue? NO Is this item an expenditure? If so, please identity funding source below. General Account No: Special Revenue Account No: CIP Project No: NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: Final Annrovals Page 1 of 2 CIP If using o Grants Purchasin Chief 1 �,(SI FtAND DATE) `A(O'D1� Budget bJ `2Aw r( Risk Management Dept. Direct City Manage Page 2 of 2