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HOME Or PELICAN ISLAND
AGENDA TRY NSMITTAL
Subject: CRA Triangle Flagpole
App ove or Submittal by:
e"r, City Manager
Agenda No. U4-D5S,
Department Origin: Ci Mana er
Finance Director!,
City Clerk:
City Attorney: ,:§i—�/
Date Submitted: March 17, 2009
For Agenda of: March 25, 2009
EXPENDITURE AMOUNT BUDGETED:
REQUIRED: $20,000 0.00
SUMMARY
APPROPRIATION
REQUIRED: $20,000
The CPA Triangle Flagpole project is ready to proceed at an estimated cost of $20,000. This
was originally budgeted as part of the Gateway Enhancement Project In September 2007, due to
the pending Florida Supreme Court case, Strand v Escambia County, this and other CRA projects
were cancelled in order to finance the Indian River Drive / Main Street project.
At this time, we need to re -appropriate $20,000 for the CRA Triangle Flagpole project. The
Clambake Foundation has approved a $6,000 contribution, which will be presented to City
Council at the April 8, 2009 Regular Council Meeting. Additionally, we are requesting CPA
funding of $14,000, which can be transferred from the Indian River Drive / Main Street Project.
Currently the Indian River Drive / Main Street project has $1,004,894 designated as "available
for contingencies or other items". The latest summary of the Indian River Drive / Main Street
project budget is attached for your information.
ACTION
Move to approve the creation of a project budget of $20,000 for the CRA Triangle Flagpole
Project. The source of thisfunding is a $6,000 contribution from the Clambake Foundation and
$14,000 from the Indian River Drive / Main Street Project.
INDIAN RIVER DRIVEIMAIN STREET
PROJECT C0741
Direct Charges to CRA Fund
Land Purchase
397,849.24
Appraisals on 806 Indian River Drive
10,000.00
Notices/Postage
779.75
Schulke for Design
190,061.25
598,690.24
Transfer to Protect from CRA Fund:
FY2007
215,401.00
FY2008
619,561.00
834,962.00
Transfer to Project from Recreation Impact Fees
500,000.00
Expected Proceeds from Florida Boating Improvement
Grant
425,291.00
Expected Proceeds from FIND Grant
487,532.00
Total from All Funding Sources
2,846,475.24
Less Direct Charges to CRA Fund (Shown Above)
(598,690.24)
Current Budget for Project in Construction Fund
2,247,785.00
Charges to Budget for Project:
Trash/Landclearing
(1,799,24)
Public Notices
(271.67)
Tree Consultation/Spraying
(865.00)
Schulke for Construction Admin.
(46,052,50)
(48,988.41)
Currently Available Balance for Project C0741
2,198,796.59
HD Construction Contract Amount
Available for Contingencies or Other Items
1,193,903.00
1,004,893.59
Ken Kilgore
3/17/2009