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Item #04 Approval of Funding for Street Lighting on SR 50 as part of FDOT's Widening Project from Good Homes Road to the Entrance to the West Oaks MallContact Name: Contact Number: \..` ' ocoee florida AGENDA ITEM COVER SHEET Meeting Date: August 4, 2015 Item # David A. Wheeler, P.E. 407 - 905 -3100, ext. 9 -1504 Reviewed By Department Director: City Manager: Subject: Funding for Street Lighting on SR 50 as part of FDOT's Widening Project from Good Homes Road to the Entrance to the West Oaks Mall (District 2 — Commissioner Wilsen) Background Summary: The Florida Department of Transportation (FDOT) has completed the widening of the portion of SR 50 from Good Homes Road to the entrance to the West Oaks Mall. FDOT and the City have been working together to have street lights installed along this portion of the road widening project. At the January 6th City Commission funding was approved for this project by advancing the funds from funds budgeted for paving in the Streets Department. Upon completion of the installation of the street lights, the City was to invoice the State for reimbursement of the $120,000 needed to pay Duke Energy Florida, Inc. However, the road project was not completed until the end of May of this year. The Public Works Department had started its road repaving program for the year and encumbered most of the funds in Streets Department for paving. This did not leave enough funds to cover the monies needed to advance the new street lights for the portion of SR 50. Although the State will be reimbursing the City for the cost of the street light installation, the City needs to fund the project in the interim. The Finance Department proposes to fund the street light project from designated funds in the Capital Projects fund and Streets Operating budget at this time. Based upon the timing to install the street lights, receive the invoice from Duke Energy, and to invoice the State for the reimbursement, monies from the State may not be received in this fiscal year. Whenever the reimbursement is received from the State, it will be deposited into the Capital Projects fund. Issue: Should the City of Ocoee provide a new funding source for the installation of the LED street lights along the section of SR 50 between Good Homes Road and the entrance to the West Oaks Mall? Recommendations: The Engineering and Finance Departments recommend that the City Commission approve the change in funding for the street light project to be advanced from the Capital Projects fund and Street Operating budget. Reimbursement from the State will be deposited to the Capital Projects Fund. Attachments: None Financial Impact: This project was included in the 5 -year CIP Plan with the funding source being FDOT. The monies to encumber for the issuance of the Purchase Order to Duke Energy will come from account 001- 541 -10- 6302 in the amount of $41,800 and from account 317 - 541 -00 -6300 in the amount of $78,200. Type of Item: (please mark with an 'V) Public Hearing Ordinance First Reading Ordinance Second Reading Resolution Commission Approval Discussion & Direction For Clerk's Dept Use: XX Consent Agenda Public Hearing Regular Agenda 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. o N/A Reviewed by () N/A 2