TO: Mayor and Commissioners
FROM: Missie Barletto, Assistant Public Works Director
THROUGH: George Gretsas, City Manager
DATE: March 3, 2020
Title
INTERLOCAL AGREEMENT BETWEEN THE CITY AND CRA FOR FUNDING THE NE 3RD AVENUE/STREET STREETSCAPE PROJECT- FY 2019-2020
Body
Recommended Action:
Recommendation
Approve the Interlocal Agreement (ILA) between the City of Delray Beach (City) and the Delray Beach Community Redevelopment Agency (CRA) for funding of the NE 3rd Avenue/Street Streetscape Project within the CRA District for Fiscal Year 2019-2020.
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Background:
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 Avenue/Street Project.
At this time, the funding for the NE 3rd Avenue/Street Project is being revised. Strikethroughs represent a change in the CRA Funding due to actual project costs. The revised funding is as follows:
NE 3rd Avenue/ Street Project Funding and Costs
Funding Source Funding Commitment
Revised CRA Commitment to City $1,651,298.21
CRA Commitment to Developer $250,000.00
Water/Sewer Network (City) $90,571.35
Stormwater Administration (City) $62,8...
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