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Item J3BOARD OF COUNTY COMMISSIONERS AGENDA ITEM SUMMARY Meeting Date: May 21, 2008 Division: Engineering ______ Bulk Item: Yes No X Department: _ Engineering _________ Staff Contact/Phone #:Dave Koppel, X4427 AGENDA ITEM WORDING: Discussion and approval of reallocation of funding to Key Largo Wastewater Treatment District (KLWTD). ITEM BACKGROUND: Monroe County has entered into joint resolutions and interlocal agreements to provide KLWTD with funding from federal, state and local sources, including $20,000,000 from infrastructure sales tax revenue. Based on allocation of $29,560,000 in federal funding to KLWTD, the $20,000,000 infrastructure sales tax revenue should be reallocated to Monroe County wastewater projects. PREVIOUS RELEVANT BOCC ACTION: Joint Resolution – (Monroe County and Florida Keys Aqueduct Authority: MC Resolution 083-2002 and FKAA Resolution 02-08). Interlocal Agreement, 2/21/2003 (Monroe County, the District and the Florida Keys Aqueduct Authority). Loan Agreement, 12/15/2004, (Monroe County and the District). Interlocal Agreement 6/15/05 (Monroe County and the District). First Amended and Restated Interlocal Agreement 7/20/05 (Monroe County and the District). CONTRACT/AGREEMENT CHANGES: Reallocation of infrastructure sales surtax revenue as stated above. __________________________________________________________________________________ STAFF RECOMMENDATIONS: Discussion of funding and reallocation as stated above. TOTAL COST: BUDGETED: ________________ Yes X No COST TO COUNTY:SOURCE OF FUNDS: REVENUE PRODUCING:AMOUNT PER MONTHYear ____ Yes No APPROVED BY: County Atty OMB/Purchasing Risk Management ____ DOCUMENTATION: Included Not Required_____ DISPOSITION:AGENDA ITEM # Revised 11/06 Engineering Division MEMORANDUM To: Monroe County Board of County Commissioners From: Dave Koppel, P.E., County Engineer Date: April 1, 2008 Re: Key Largo Wastewater Treatment District Funding Allocation The Engineering Division is requesting a discussion of funding currently allocated to Key Largo Wastewater Treatment District (KLWTD), and approval to reallocate funds from infrastructure sales tax revenue previously allocated to KLWTD to unincorporated Monroe County. The attached table summarizes wastewater costs and grant funding by wastewater entity. The U.S Army Corps of Engineers (USACOE) authorized $100,000,000 funding for wastewater project in the Keys. The current distribution of the USACOE funding provides $29,650,000 to KLWTD. In order to more fairly distribute available funds, Monroe County is proposing to reallocate the balance of the $20,000,000 of infrastructure sales tax revenue that was previously allocated to KLWTD. It is estimated that the amount of funding still in Monroe County’s possession is $14,000,000. Engineering Division supports the reallocation of funds.