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Agenda 01/11/2022 Item #16A17 (BA - Realocating funds within GMD Stormwater Bond Fund)01/11/2022 EXECUTIVE SUMMARY Recommendation to authorize the necessary budget amendments to reallocate funds, in the amount of $8,535,606, within the Growth Management Department Stormwater Bond Fund (327). OBJECTIVE: To meet critical project needs and compliance objectives within the Collier County Stormwater Management System. CONSIDERATIONS: These funds will be used for stormwater improvements in Immokalee as part of the Immokalee Complete Streets - Growing Connections to Create Mobility Opportunities Project (“TIGER Project”). The stormwater improvements are consistent with the Immokalee Stormwater Master Plan. On September 22, 2020 (Agenda Item 11.B), the Board approved authorizing the issuance of $60,000,000 of debt to fund stormwater capital improvements. The executive summary contained a list of stormwater improvement projects, such as Lake Trafford Road and recognized that the funding included improvements related to system restorations and upgrades, as well as system enhancements. The Bond Resolution and language within the disclosure documents provide the County the flexibility to use the proceeds for other like stormwater capital needs authorized by the County. As such, the Immokalee Complete Streets TIGER project is providing stormwater system restorations, upgrades and system enhancements consistent with the Immokalee Stormwater Master Plan and thus this project is eligible to utilize the associated bond funding. FISCAL IMPACT: A budget amendment in the amount of $8,535,606 is required to transfer funds from Stormwater Bond Fund Reserves, Fund (327) to Project 33563, TIGER IX Improvements. LEGAL CONSIDERATIONS: This item has been reviewed by the County Attorney, raises no legal issues and requires majority vote for approval. -JAK GROWTH MANAGEMENT IMPACT: This action is consistent with the Stormwater Management Sub-Element of the Collier County Growth Management Plan. RECOMMENDATION: To authorize the necessary budget amendments to reallocate funds within Stormwater Bond Fund 327, Stormwater Capital Projects, to meet critical infrastructure and program needs. Prepared by: Michael Tisch, Project Manager, Transportation Engineering Division 16.A.17 Packet Pg. 324 01/11/2022 COLLIER COUNTY Board of County Commissioners Item Number: 16.A.17 Doc ID: 20848 Item Summary: Recommendation to authorize the necessary budget amendments to reallocate funds, in the amount of $8,535,606, within the Growth Management Department Stormwater Bond Fund (327). Meeting Date: 01/11/2022 Prepared by: Title: – Transportation Engineering Name: Michael Tisch 12/15/2021 10:41 AM Submitted by: Title: Division Director - Transportation Eng – Transportation Engineering Name: Jay Ahmad 12/15/2021 10:41 AM Approved By: Review: Transportation Engineering Jay Ahmad Additional Reviewer Completed 12/15/2021 11:28 AM Growth Management Department Anthony Khawaja Additional Reviewer Completed 12/15/2021 12:00 PM Growth Management Department Lissett DeLaRosa Growth Management Department Completed 12/15/2021 2:16 PM Growth Management Department Lisa Abatemarco Additional Reviewer Completed 12/16/2021 8:21 AM Transportation Engineering Mark McCleary Additional Reviewer Completed 12/16/2021 8:34 AM Growth Management Department Lisa Taylor Additional Reviewer Completed 12/16/2021 8:40 AM Growth Management Department Michael Tisch Growth Management Skipped 12/15/2021 10:19 AM Grants Valerie Fleming Level 2 Grants Review Completed 12/16/2021 10:50 AM Growth Management Department Trinity Scott Transportation Completed 12/18/2021 11:13 AM County Attorney's Office Scott Teach Level 2 Attorney Review Completed 12/22/2021 8:58 PM Office of Management and Budget Debra Windsor Level 3 OMB Gatekeeper Review Completed 12/23/2021 8:32 AM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 12/23/2021 9:23 AM Office of Management and Budget Susan Usher Additional Reviewer Completed 12/27/2021 12:03 PM Grants Therese Stanley Additional Reviewer Completed 01/04/2022 9:54 AM County Manager's Office Mark Isackson Level 4 County Manager Review Completed 01/05/2022 11:44 AM Board of County Commissioners Geoffrey Willig Meeting Pending 01/11/2022 9:00 AM 16.A.17 Packet Pg. 325