TO: CRA Board of Commissioners
FROM: Christine Tibbs, Assistant Director
THROUGH: Renée A. Jadusingh Esq., Executive Director
DATE: February 25, 2020
Title
REVISED INTERLOCAL AGREEMENT BETWEEN THE CITY AND CRA FOR FUNDING THE NE 3RD AVENUE/STREET PROJECT- FY 2019-2020
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Recommended Action:
Approve the Interlocal Agreement (ILA) between the City and the CRA for funding for the NE 3rd Avenue/Street Capital Improvement Project within the CRA District for Fiscal Year 2019-2020.
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Background:
The implementation of many of the projects contained in the Community Redevelopment Plan, particularly the public infrastructure projects resulting from the adopted Neighborhood and Redevelopment Plans, require a joint City/CRA effort. The typical arrangement involves the CRA funding all or a portion of the project, and the City’s Engineering or other staff overseeing the bidding and construction processes. Each year the City and CRA enter into interlocal agreements to formalize the CRA’s commitment to fund specific projects.
On October 1, 2019, the CRA Board approved two ILAs between the City and the CRA for funding the General Capital Improvements Projects and the NE 3rd Avenue/Street Project within the CRA District for Fiscal Year 2019-2020.
At the December 10, 2019, City Commission meeting, the NE 3rd Avenue/Street Project was discussed. During that discussion, the City stated that based on the updated cost estimates, additional funding would be needed. The CRA had previously committed funding $1,000,000.00.
On January 28, 2020, the CRA Board revised the General Capital Improvements Projects ILA to reflect changes to the projects list and the amount of funding needed for each project. As a result of those changes, additional funding was made available to reallocate to other projects. Subsequently, the CRA Board discussed the NE 3rd Avenue/Street Project and directed staff to reallocate $651,298.21 of the available additional funding to the NE 3rd Av...
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