Title
319 Grant Program Application to the Florida Department of Environmental Protection for the Depot Park Project (B)
This item involves a request to submit a grant application to the Florida Department of Environmental Protection (FDEP) for the 319 Grant Program Funds in the amount of $500,000 for the Depot Park Project.
Explanation
The FDEP 319 Grant Program provides funding assistance for stormwater facility construction. The stormwater facility at Depot Park is in the final design phase. This request is to seek funding assistance for the design and construction phase of this Project.
Depot Park will provide recreation, support economic development to the downtown area, and generate environmental benefits. An additional consideration will be the facility's role in support of the Total Maximum Daily Load (TMDL) pollution reduction goals established for Paynes Prairie.
Fiscal Note
The FDEP 319 Grant Program funds request is for $500,000. If the Grant is awarded, a local match of $500,000 is required and available in the Stormwater Management Utility Fund fund balance.
Recommendation
Recommended Motion: The City Commission: 1) authorize the City Manager to submit the Grant Application to FDEP for the 319 Grant Program Funds; 2) authorize the City Manager to allocate $500,000 to the Depot Park Project from the Stormwater Management Utility Fund fund balance to provide the matching funds; and 3) execute any and all related documents with this Grant, if awarded, subject to approval by the City Attorney as to form and legality.
Alternative Recommendation A: The City Commission decline applying for the FDEP 319 Grant Program Funds. The resulting fiscal impact is the forfeiture of $500,000 in grant assistance.