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HomeMy WebLinkAboutsummary formAGENDA ITEM SUMMARY FORM FILE ID: OS- QO%OQ Date: 1/25/2005 Requesting Department: Capital Improvements & Transp Commission Meeting Date: 2/24/2005 District Impacted: All Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item ❑ Other Subject: Resolution to authorize submission of a grant application to Florida Inland Navigation District.. Waterways Assistance Program. for Phase III of the Bicentennial Park Shoreline Stabilization Project Purpose of Item: To adopt the attached resolution authorizing the City Manager to submit an application for grant funding to the Florida Inland Navigation District ("FIND") Waterways Assistance Program, in an amount not to exceed $2,200,000, for Phase III of the Bicentennial Park Shoreline Stabilization Project. Background Information: IMRE The City has received grant awards from FIND for Phases I and II of the Bicentennial Park Shoreline Stabilization Project in the amount of $700,000 and $419,670, respectively. The City is now ready to proceed with Phase III of the project to complete restoration of the seawall at Bicentennial Park along the Intercoastal Waterway. In addition to the stabilization and restoration of the seawall, Phase III will allow for tie-in with a public plaza and continuation of a pedestrian promenade. The estimated. cost of the Project is $4,400,000 and the City will apply for funding in the amount of $2,200,000, to be matched by an equal amount of City funds from the proceeds of the second series Homeland Defense/Neighborhood Improvement Bonds previously approved by voter referendum for Capital Improvements Project No. 331418 entitled "Bicentennial Park Improvements". Budget Impact Analysis NO Is this item related to revenue? NO Is this item an expenditure? If so, please identify 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: CIP If using Grants Final Approvals (SIGN AND DATE) • Budget Risk Management Page 1 of 2 �. Purchasing_ Chief ' ept. Director ity Manager Page 2 of 2