Title
Resolution for a Joint Participation Agreement - Florida Department of Transportation (FDOT) for Traffic Management System Construction and Implementation Funds (B)
This item involves a request for adoption of a Resolution authorizing the City Manager to execute a Joint Participation Agreement between the City of Gainesville and the Florida Department of Transportation (FDOT) to accept the allocation for Traffic Management System Construction of $6,652,100.95 from the Transportation Regional Incentive Program (TRIP) for FY 2007 - 2010.
Explanation
FDOT allocates TRIP Funding for regional transportation projects. The City of Gainesville operates and maintains the traffic signal system serving the Gainesville urbanized area as well as all traffic signals in Alachua County via inter-local agreements. The City of Gainesville was designated as the lead agency for the construction and implementation of the Traffic Management System.
Fiscal Note
The Operating Assistance Joint Participation Agreement requires a 50% match. Funds in the amount of $6,652,100.95 for this match are available within the Public Works FY 2007 operating budget.
Recommendation
Recommended Motion: The City Commission: 1) adopt the Resolution; and 2)authorize the City Manager to execute a Joint Participation Agreement between the City of Gainesville and the Florida Department of Transportation (FDOT); subject to approval by the City Attorney as to form and legality.
Alternative Recommendation: The City Commission reject the motion to adopt the Resolution authorizing the execution of the Joint Participation Agreement for Traffic Management System Construction and Implementation Funds. The resulting fiscal impact is the loss of the FDOT TRIP Funds allocation of $6,652,100.95 for FY 2007-2010.