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Summary:
Florida Department of Transportation (FDOT) uses the attached escrow agreements to enter escrow funds provided by the City into their financial system. These funds were addressed in the local funding agreement (LFA) that City Council approved on July 10, 2017. That LFA with the FDOT is to upgrade traffic signals to mast arms and certain pedestrian crosswalks with stamped asphalt. This work is part of the FDOT project 239496-3 to widen John Young Pkwy (SR 423) from north of Colonial Dr to Shader Rd. This is a complement to the previous work north of Shader Rd.
This action will approve two escrow agreements, one for the mast arms and the other for stamped asphalt crosswalks.
Note that the two agreements contain a pen-and-ink change to the FDOT financial project number from 239496-3-52-02 (mast arms) and 239496-3-52-03 (crosswalks) to 239496-3-52-01 (both agreements). |
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Fiscal & Efficiency Data:
Transportation will fund this work from two projects:
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Element
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Cost
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Project Nr
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Project Name
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Mast Arms
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$471,250
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TRE0001_P
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New Traffic Signals
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Paving
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$326,167
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TRE0006_P
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Intersection Safety Improvements
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Total
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$797,417
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Note: this agenda item corrects an error in the Element and Cost, which were reversed in the previous agenda item for the LFAs.
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Recommended Action:
Authorize execution of the two escrow agreements by the Mayor/Mayor Pro Tem and City Clerk subject to the review and approval of the City Attorney's Office |
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Agenda Item attachment(s) on file in the City Clerks Office.
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Note:
All agenda items must
be in the City Clerk's office by Noon Friday, six(6) business days prior to the
regular Monday City Council meeting.
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Contact:
Benton Bonney, Chris Cairns, Roy Payne, Jeremy Crowe
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Approved By:
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Department
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Date and Time
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| Budget Outside Routing Approval |
7/27/2017 5:59 PM |
| City Clerk |
7/28/2017 7:46 AM |
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