Agenda Item Name:
Title
Second Amendment to the State Infrastructure Bank Loan (SIB) Agreement for Celebration Pointe
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Presenter:
Ramon Gavarrete, PE 352-548-1233
Description:
Second Amendment to the State Infrastructure Bank (SIB) Loan Agreement Between the State of Florida, Department of Transportation (FDOT), Celebration Pointe Holdings, LLC, Patricia A. Shively and Alachua County. Amendment is to adjust the agreement to take into account where Alachua County returned $187,163.75 of the $1,800,000 advanced for Construction Engineering & Inspection (CEI) services for the building of a new multi-modal bridge over Interstate 75.
Recommended Action:
Recommended Action
Approve second amendment to the SIB Loan Agreement between the State of Florida, Department of Transportation (FDOT), Celebration Pointe Holdings, LLC, Patricia A. Shively and Alachua County and authorize the Chair to execute same.
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Prior Board Motions:
12/2/2014 - BoCC approved original SIB Loan Agreement between the State of Florida, Department of Transportation (FDOT), Celebration Pointe Holdings, LLC, Patricia A. Shively and Alachua County.
07/19/2017 - BoCC approved first amendment to SIB Loan Agreement between the State of Florida, Department of Transportation (FDOT), Celebration Pointe Holdings, LLC, Patricia A. Shively and Alachua County.
Fiscal Consideration:
Fiscal Consideration
County returned unused funds on 02/22/2019 and has fulfilled their portion of this agreement so there are no fiscal considerations with this amendment.
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Background:
On September 9, 2014, the Board of County Commissioners (BoCC) approved the Construction and Maintenance Agreement (CMA) with FDOT and Celebration Pointe Holdings, LLC to take over operation and maintenance of SW 30th Ave Bridge after construction. The CMA also states the County will oversee and inspect the construction of the SW 30th Ave Bridge. The loan agreement allows the state to fund the cost of the CEI service...
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