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HomeMy WebLinkAboutEmergency Item #1 he center of Good L Jp /v',n Jtlh L:l is AGENDA ITEM COVER SHEET Meeting Date: September 26, 2012 Item # Emergency Reviewed By: �� Contact Name: Al Butler, CIP Manager Department Director: , Contact Number: 407 - 905 -3100, ext. 1543 City Manager: /! / / %� Subject: Approval of and authorization for the Finance Department to temporarily allocate Stormwater Utility funding in the amount of $200,000 to modify an Orange County construction project at the intersection of Clarcona -Ocoee Road and Clarke Road, pending receipt of payment by the Arden Park developer, in order to accommodate traffic impacts of that development. (District 4 — Commissioner Keller) Background Summary: The City Commission approved an emergency item at its September 18, 2012 meeting authorizing the Finance Department to issue a purchase order in the amount of $183,416.46 to DeWitt Excavating. The purpose of the action was to authorize changes at the intersection of Clarcona -Ocoee Road and Clarke Road. The action was deemed to be an emergency by the City Commission due to the immediate need to carry out certain elements of the construction concurrent with other activities underway as part of an Orange County construction project. However, the Finance Department determined that it was unable to issue the required purchase order until such time as payment was received from the developer of the Arden Park subdivision, which is Standard Pacific. In order to avoid the resulting delay in issuing the purchase order and risk a substantial increase in construction costs, staff requests authority to temporarily allocate funds from the Stormwater Utility to allow the purchase order to be issued prior to receipt of the payment from Standard Pacific. The temporary use of funds will not impact stormwater operations or construction projects. Issue: Should the City Commission authorize the Finance Department to temporarily allocate Stormwater funds so it can issue a purchase order in the amount of $183,416.46 to DeWitt Excavating to make modifications to the Clarcona -Ocoee Road at Clarke Road intersection? Recommendation: The Engineering Department recommends that the City Commission authorize the Finance Department to temporarily allocate Stormwater funds to roadway construction so it can issue a purchase order in the amount of $183,416.46 to DeWitt Excavating to make modifications to the Clarcona -Ocoee Road at Clarke Road intersection. In order provide for a contingency allowance, staff recommends that $200,000 be temporarily reallocated. Under the terms of the development agreement, the limit of the available funding from the developer is $227,565.80. Attachment: None. 1 Financial Impact: There is no long -term cost to the City for this action. The City will utilize its available, unallocated funds in the Stormwater Utility to serve as a working capital funding mechanism and backstop for future payment by the developer. Type of Item: (please mark with an "x") Public Hearing For Clerk's Dent Use: Ordinance First Reading Consent Agenda Ordinance Second Reading Public Hearing Resolution Regular Agenda X Commission Approval Discussion & Direction Original Document/Contract Attached for Execution by City Clerk Original Document/Contract Held by Department for Execution Reviewed by City Attorney N/A Reviewed by Finance Dept. '/j444-"' N/A 2