☐ Consent Agenda ☐Quasi-Judicial Public Hearing
☒ Regular Business 9:00 am
☐ Public Hearing Resolution
DEPARTMENT: Engineering
SUBMITTED BY: Jill Kersey
PRESENTED BY: Michael Giardullo
TITLE & DESCRIPTION:
title
Resolution/Agreement/County Road 769 Phase 1 Road Expansion
body
REQUESTED MOTION:
To approve the Locally Funded Agreement, and the Three-Party Escrow Agreement and the Transportation Off System Post Project Maintenance Agreement with the Florida Department of Transportation, to approve the accompanying Resolution for the County Road 769 Phase 1 Expansion Road Construction and authorize payment into the escrow account in the amount of $1,718,458.
SUMMARY:
The Florida Department of Transportation (FDOT) is nearing the end of the design of Phase 1 of the CR 769 expansion project. Before the project can be bid and go to construction in 2027, FDOT requires the County to enter into the Locally Funded Agreement, the Three-Party Escrow Agreement and the Transportation Off System Post Maintenance Agreement and to make payment into the escrow account in the amount of $1,718,458.00 by October 15, 2026. This amount is comprised of the estimated County’s share of the construction of the roadway improvement construction of $1,309,458.00 and the Construction Engineering and Inspection (CEI) in the amount of $409,000.
BACKGROUND:
The Phase 1 expansion of CR 769 includes the portion of the roadway from Charlotte County line to S.W. Glenadine Avenue (FDOT Financial Project IDs 440342-2-52-01 & 440342-2-62-01). Based on the 60% design documents, the total construction cost is anticipated to be $29,748,001. This includes $3,771,903 in Federal funding, $15,015,640 in State funding and $9,651,000 in utility costs (paid for by the Peace River Regional Water Supply Authority and DeSoto County Utilities). The remaining amount of $1,309,458 for road construction is to be funded by DeSoto County. The total CEI cost is estimated at $2,035,772 which includes $1,626,772 of State funding with the remaining amount of $409,000 to be funded by DeSoto County. This agenda item does not include costs associated with DCU utility adjustments which will be covered in a separate agreement. The numbers are also based on partially completed design documents and are subject to change as the design is finalized and the project is bid and moves through construction.
FUNDS:
Budget Amount: Click or tap here to enter text.
Actual Agenda Item: $1,718,458.00
Cost: Click or tap here to enter text.
Account Number: 307-60555416300000
Explanation: $4,229,140 has been set aside in the King’s Highway Capital Reserve. Budget amendment to follow to fund this payment.