? 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...
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