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Item #27 Special Project Agreement with the State Department of Economic Opportunity for the Joing Study of the State Road 429 Interchanges with the City of Winter GardenUR 'J 000(_ florido AGENDA ITEM COVER SHEET Meeting Date: December 2, 2014 Item # Q I Reviewed By: Contact Name: Craig Shadrix Department Director: Contact Number: City Manager: Subject: Special Project Agreement with the State Department of Economic Opportunity for the Joint Study of the Sta Road 429 Interchanges with the City of Winter Garden Background Summary: The Cities of Ocoee and Winter Garden are interested in the economic development potential of the SR 429 Corridor from approximately the Florida Turnpike on the South to Clarcona / Ocoee Road on the North. This geography includes at least three key 429 interchange / intersection locations: Crown Point Pkwy /West Road, 438 (Plant St and Franklin St), and at Route 50. In addition to the interchange locations, the two Cities are particularly interested in their East -West linkage along Route 438 (Plant Street / Franklin St) which run to through the historic commercial heart of the two communities. The two Cities have formed a working group to collectively examine the potential of the area. To date, the Cities have retained Angelou Economics to assess the market potential of the West Orange and 429 Corridor Specific areas, with the eventual goal of identifying and activating specific linkages between target industries and potential sites. This work has yielded insight regarding the competitive position of the area, key target industries as well as complimentary uses which may be attracted in support, and some of the site characteristics or needs necessary to attracting investment. Some preliminarily identified uses include Medical Device Manufacturing, Back Office operations and Clean Tech start -ups. The Economic Development Plan prepared by Angelou Economics recommended the need to master plan the key interchanges. The next necessary step is to develop a general physical vision that describes the potential outcome of the economic development findings. This involves the development of urban planning and infrastructure concepts on key sites that can be used to articulate opportunities, explore land use options and ultimately promote the potential of the area. The work is also necessary to develop organization to land and circulation patterns which will promote value, efficient delivery of services and the ability to capitalize on unique resources which the two communities share, such as their historic downtowns, neighborhoods, the popular West Orange Trail and Starke Lake. Referring to Exhibit 1 (attached), the general visioning area is described by the Red Line. Specific Focus areas are described in yellow. These include the three noted interchange locations as well as the two historic downtowns. The City of Ocoee applied for and received a special projects grant from the Florida Department of Economic Opportunity as part of this year's approved state budget. This grant was applied for to conduct this very important joint study of the State Road 429 interchanges with the City of Winter Garden. The execution of this agreement will allow the City of Ocoee to be reimbursed for the cost of this study in the amount of $100,000, and it will be billed out as each deliverable identified in the scope of services is completed. Issue: Should the Honorable Mayor and City Commissioners approve the Special Project Agreement with the Florida Department of Economic Opportunity? Recommendations Staff recommends that the Mayor and City Commission approve the Special Project Agreement with the Florida Department of Economic Opportunity, and authorize the Mayor to sign and execute the agreement as edited by the City Attorney for legal sufficiency. Attachments: Special Project Agreement with the Florida Department of Economic Opportunity Financial Impact: This is a cost reimbursement agreement with the State of Florida for work performed in completion of the State Road 429 Interchange Study. Type of Item: (please mark with an `x') Public Hearing For Clerk's Dept Use: Ordinance First Reading Consent Agenda Ordinance Second Reading Public Hearing Resolution Regular Agenda X Commission Approval X Discussion & Direction Original Document/Contract Attached for Execution by City Clerk Original Document/Contract Held by Department for Execution Reviewed by City Attorney Reviewed by Finance Dept. Reviewed by () N/A N/A N/A 4 AGREEMENT IS FORTHCOMING EXHIBIT 1 0— Wb*. d.. JoifA Stdy A— Attachment B Generalised Corridor Focus Areas "A f i