Resolution 2025-230 RESOLUTION NO. 2025 -230
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF
COLLIER COUNTY, FLORIDA, AMENDING RESOLUTION NO. 2022-123 IN
ORDER TO INCREASE AND AUTHORIZE THE BORROWING OF UP TO
$50,000,000 AND UPDATE THE LIST OF PROJECTS DESCRIBED IN EXHIBIT
A.
WHEREAS, on July 12, 2022, the Collier County Board of County Commissioners adopted
Resolution No. 2022-123, which authorized a commercial paper loan for in order to finance the costs of
the Vanderbilt Beach Road extension; and
WHEREAS, at its meeting on October 14, 2025, the Finance Committee has recommended that
the Board update the list of projects that may be included under this financing, by amending Exhibit A,
Project A-3 Description.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS
OF COLLIER COUNTY, FLORIDA, that:
1. The Board hereby amends Resolution No. 2022-123 by increasing the borrowing limit
in Section 4 from $30,000,000 to $50,000,000.
2. The list of projects described in Exhibit A, Project A-3 Description, as set forth in the
attached.
3. All other provisions of Resolution No. 2022-123 shall continue in full force and effect.
THIS RESOLUTION ADOPTED upon majority vote on this Zell day of ( fokr , 2025.
ATTEST:, BOARD OF COUNTY COMMISSIONERS
Crystal C1erl f Courts COLLIER COUNTY, FLORIDA,
By: '' By:
Attest as t6,Cbairman's_D„M? .i
signature �r41�+ +a y eputy Clerk Burt L. Saunders, Chairman
I
Approved a to r and legality:
Jeffrey Klat ow, County Attorney
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EXHIBIT A
PROJECT A-3 DESCRIPTION
Project A-3 generally includes the following, as more particularly described in the plans and
specifications on file with the Public Agency, as the same may be modified from time to time:
Project 60249 - Vanderbilt Beach Rd Extension Phase 2 (16th Str NE to Everglades Blvd): A
continuation of Vanderbilt Beach Rd. Extension, this 2-mile project consists of two travel lanes from
16th St. NE to Everglades Blvd. The footprint of this project will allow for a future 6-lane expansion
as traffic demand increases. A new signalized intersection is planned at the corner of Everglades Blvd,
while one new bridge will be constructed within the limits of this project.
Project 68056 - Collier Blvd (Green Blvd to City Gate North): Add one lane in each direction; include
a roadway alignment shift, access management, revised signal, bridges, on-street bike lanes, and
pedestrian upgrades.
Project 60263 - Everglades Blvd (Vanderbilt Beach Rd to Oil Well Rd): The 3-mile section of
Everglades Blvd N from Oil Well Road to Vanderbilt Beach Road (planned) will be widened from 2
lanes to 4 lanes. Intersection improvements will be made at Randall Blvd. and Vanderbilt Beach Road.
Minor improvements will be made to side street intersections,
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