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Item L2 Marine Resources BOARD OF COUNTY COMMISSIONERS AGENDA ITEM SUMMARY Meeting Date: 18 February 2004 Bulk Item: Yes -L No Division: Growth Management Department: Marine Resources AGENDA ITEM WORDING: Approval of a Resolution committing approximately $1.3 M in Infrastructure Sales Tax monies, originally slated for a decentralized wastewater project, to offset the costs of the Conch Key and Baypoint wastewater projects. ITEM BACKGROUND: At its April 2003 regularly scheduled meeting, the BOCC agreed to cease work on the EP A Decentralized Utility project and shift the County 304 Capital Infrastructure Fund match allocated to this project to assist in offsetting the Cost of the Conch Key and Baypoint projects. The funds committed to this project were approximately $ 1.3 M. Construction bids for both the Conch Key and Baypoint wastewater projects have been received by the FKAA. Projected connection fees, with existing grant commitments and without the $1.3 M, exceed the County's target connection fee of $2,700 / EDU. The commitment of up to the $1.3 M would bring projected connection fees much closer to the target range. The attached resolution commits the $1.3 M in 304 Funds up to the point of meeting the target range for wastewater connection fees and allows the FKAA to distribute this commitment between the two wastewater projects to achieve equity between the projects. The commitment of these funds is essential at this time in order to be able to accept bids and negotiate contracts in good faith for the Conch Key and Baypoint projects PREVIOUS RELEVANT BOCC ACTION: April 2003 - Commitment to hold $1.3 M CONTRACT/AGREEMENT CHANGES: NA STAFF RECOMMENDATIONS; Approval TOTAL COST: See estimates for proiects BUDGETED: Yes No COST TO COUNTY: $1.3 M SOURCE OF FUNDS: Infrastructure Sales Tax REVENUE PRODUCING: Yes No X AMOUNT Per Month APPROVED BY: County Atty -L DIVISION DIRECTOR APPROVAL: unk Year Risk Management DOCUMENTATION: Included -L To Follow DISPOSITION: Not Required L2- AGENDA ITEM NO.: BC040240.doc 0\128/042:59 PM Marine Resources RESOLUTION NO. 2004 A RESOLUTION OF THE MONROE COUNTY BOARD OF COMMISSIONERS COMMITTING UP TO $ 1.3 MILLION IN INFRASTRUCTURE SALES TAX MONEY, FUND 304, TO THE FLORIDA KEYS AQUEDUCT AUTHORITY (FKAA) TO OFFSET THE COST OF CONSTRUCTION AND CONNECTION FOR THE CONCH KEY AND BAYPOINT W ASTEW A TER PROJECTS. WHEREAS, the Board of County Commissioners agreed at their April 2003 meeting to rescind commitments for approximately $ 1.3 M in Infrastructure Sales Tax Funds to match an EP A Decentralized Utility Gran; and WHEREAS, the BOCC agreed at the April 2003 Board meeting to reserve these funds for the FKAA to offset the cost of construction and connection for the Conch Key and Baypoint wastewater projects once the costs were better known; and WHEREAS, the FKAA has received bids, that while encouraging, still require the commitment of additional funds inorder to meet the target connection figures, now, therefore, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS, MONROE COUNTY, FLORIDA THAT: 1. 1.3 million dollars ($ 1.3 M) of Fund 304 Infrastructure Sales Tax money be formally committed to the FKAA for the Conch Key and Baypoint wastewater projects to meet the Commission's target goal for connection fees on such projects; and 2. the FKAA may only utilize as much of these funds as is required for each project to meet the target connection fee; and 3. the FKAA may distribute the funds as necessary to achieve rate equity between the Conch Key and Baypoint wastewater projects; and 4. this Resolution serves to commit the funds immediately to these wastewater projects for the purposes of negotiating contracts in good faith with project BC04024\ Res$I.3M.doc 01128/042:58 PM JAN-28-04 13,25 FROM,MONROE COUNTY ATTY OFFICE 10,3052823518 PAGE 8/8 Marine Resources bidders. Specific amendments to interlocal agreements for each project will be required before funds may physically be distributed. PASSED AND ADOPTED by the Board of County Commissioners~ Monroe County~ Florida at a regular meeting of said Board held on the 18th day of February , A.D.~ 2004. Mayor Murray Nelson Mayor Pro Tern David Rice Commissioner Dixie Spehar Commissioner George Neugent Commissioner Charles "Sonny" McCoy BOARD OF COUNTY CO:M}..1lSSIONERS MONROE COUNTY~ FLORIDA BY: MA YORJCHAIR PERSON (SEAL) ArrEST: DANNY 1. KOLHAGE, CLERK BY: DEPUTY CLERK BC04024\ R(,$$L3M 01128/2004 2;58 PM