Title
Resolution for Traffic Signal Maintenance and Compensation Agreement (B)
Explanation
The City of Gainesville is a Florida Department of Transportation (FDOT) certified local agent. This designation allows the City to enter into an agreement with FDOT and receive reimbursement in the amount of $36,346.33 for a portion of the cost incurred to maintain and operate traffic signals and highway lighting on the State highway system. The Resolution is required by FDOT to confirm that the City Commission approved the signing of the Traffic Signal Maintenance and Compensation Agreement.
Fiscal Note
The FDOT will reimburse the City of Gainesville annually through State of Florida revenue funds.
Recommendation
The City Commission approve the Resolution authorizing execution of the Traffic Signal Maintenance and Compensation Agreement with the Florida Department of Transportation.