Title
Resolution authorizing the execution of a Joint Participation Agreement between Miami-Dade County and the City of Coral Gables for disbursement of Road Impact Fee funds in the amount of $1,490,000.00 to the City, for the construction of roadway capacity improvements and a raised landscaped median on Ponce de Leon Boulevard from Alcazar Avenue to Salamanca Avenue.
City Manager's Recommendation
Approval.
Brief History
The redevelopment of Ponce de Leon Boulevard with a raised landscape median has been in the City’s Capital Improvements Program for the past five years. In 2007 a raised landscape median for a seven block segment was completed under the Ponce de Leon Boulevard Phase I Improvement Project. The Road Impact Fee funds of $1,490,000.00 coupled with Federal Stimulus funds from the ARRA of $1,036,796.00 will provide the bulk of the funds needed to move forward with the Phase II segment of the Ponce de Leon Boulevard Median Improvement Project. The remaining funds will include Storm Sewer Improvements funding ($380,904.00) for a total construction budget of $2,907,700.00. Although the City is still waiting for the final Local Agency Program (LAP) Agreement from the FDOT, the project schedule includes a bid letting in the first quarter of 2010 with a project duration of one year.
The project will improve roadway capacity in the area, promote vehicular and pedestrian safety, enhance aesthetics and the environment with new landscaping, and improve efficiency and safety of the Coral Gables Trolley with the construction of curb bulb-outs at trolley stops.
Financial Information: (If applicable)
FINANCIAL INFORMATION: (If Applicable)
|
No. |
Amount |
Source of Funds |
|
1. |
$ 1,490,000.00 |
Miami-Dade County Road Impact Fees. |
|
2. |
$ 1,036,796.00 |
American Recovery and Reinvestment Act of 2009 |
|
3. |
$ 380,904.00 |
Storm Sewer Improvements Fund |
|
Total: |
$ 2,907,700.00 |
|
|
APPROVED BY: |