Agenda Item Name:
Title
Increase Interfund Loan for Poe Springs Trail Grant
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Presenter:
Ramon Gavarrete, P.E.
Description:
Increase in interfund loan from $10,000 to $750,000 for reimbursement grant to construct Poe Springs Trail Grant.
Recommended Action:
Recommended Action
Approve increase in interfund loan from $10,000 to $750,000 from the most appropriate fund with repayment of the loan at the completion of the project.
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Prior Board Motions:
March 26, 2013 - Board ranked Poe Springs Road Trail as the number 1 priority for the Federal Transportation Alternative Program
September 13, 2016 - Board approved LAP Agreement with FDOT for the design of Poe Springs Road Trail
October 9, 2018 - Board approved LAP Agreement with FDOT for the construction of Poe Springs Road Trail.
August 27, 2019 - Board approved Capital Construction Agreement for Poe Spring Trail
Fiscal Consideration:
Fiscal Consideration
Grant is a Federal reimbursement grant via Florida Department of Transportation (FDOT) so loan is needed to pay for construction expenditures till reimbursements are received.
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Background:
In 2013, Poe Springs Road Trail was listed as the number 1 priority for the Federal Transportation Alternative Program. In September of 2016, the Board approved a LAP agreement with FDOT for design of the Trail in the amount of $10,000. In October of 2018, the Board approved LAP Agreement with FDOT for the construction of Poe Springs Road Trail.
Bid 19-900 Poe Springs Road Trail (LAP-FPN 433990-2-58-01) advertised on May 1, 2019 and May 8, 2019. The deadline for receipt of Bid 19-900 Poe Springs Road Trail (LAP-FPN 433990-2-58-01) was June 5, 2019; three (3) vendors responded. August 27, 2019, Curt’s Construction, Inc., was awarded the Construction Contract in the amount of $1,148,987.57, as the lowest responsible and responsive bidder meeting specifications.
The project is funded through the Federal Transportation Alternatives Program via FDOT, project #6304, and consists of a 10 ft wide trail on the north side of NW 182nd Ave from US 27/41 to Poe Springs Park totaling 3.3 miles in length. Construction is scheduled to begin in October and reach final completion Spring 2020.