Resolution 2008-326
RESOLUTION NO. 2008 - 326
A RESOLUTION BY THE BOARD OF COUNTY COMMISSIONERS,
COLLIER COUNTY, FLORIDA, APPROVING, AND AUTHORIZING ITS
CHAIRMAN TO EXECUTE, A LOCAL FUNDED AGREEMENT BETWEEN
THE STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION AND
COLLIER COUNTY AND A MEMORANDUM OF AGREEMENT BETWEEN
THE FLORIDA DEPARTMENT OF TRANSPORTATION, FLORIDA
DEPARTMENT OF FINANCIAL SERVICES, DIVISION OF TREASURY,
AND COLLIER COUNTY, BOTH PERTAINING TO A PROJECT FOR
IMPROVEMENTS ON COUNTY ROAD 901 AT VANDERBILT DRIVE
BRIDGE AND THE COCOHA TCHEE RIVER BRIDGE.
WHEREAS, the State of Florida Department of Transportation (FDOn and Collier
County, Florida ("Collier County") wish to enter into a Locally Funded Agreement ("LF A") to
include bicycle/pedestrian improvements as part of FDOT's project involving the CR 901 at
Vanderbilt Drive Bridge 030176 Cocohatchee River Bridge replacement identified as FOOT
Project FM No. 4084401 5201; and
WHEREAS, FDOT as a condition of incorporating those improvements into its project is
seeking the execution of the LF A, which includes a requirement that the County provide an
advance deposit of the full estimated project cost in the amount of$I,761,81 1.00; and
WHEREAS, as a further condition of the LF A, the County, FDOT, and the Florida
Department of Financial Services, Division of Treasury ("Dept. of Financial Services"), are
required to enter into a Memorandum of Agreement whereby the parties agree to deposit the
advance deposit funds into an interest bearing escrow account opened by the Department of
Financial Services, Bureau of Collateral Management for the purpose of preserving those funds
for payment of the aforementioned improvements; and
WHEREAS, the Collier County Board of County Commissioners fmds that the LF A and
Memorandum of Agreement are proper and that it is in the public interest to enter into those
Agreements.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF COLLIER COUNTY, FLORIDA, that:
1. The Board of County Commissioners approves, and authorizes its Chairman to sign, the
attached Locally Funded Agreement and Memorandum of Agreement.
2. The Collier County Clerk will forward a certified copy of this Resolution to FDOT
along with the Locally Funded Agreement and Memorandum of Agreement for
execution by FDOT and the Florida Department of Financial Services, Division of
Treasury .
3. This Resolution shall take effect immediately upon adoption.
TIDS RESOLUTION ADOPTED after motion, second, and majority vote favoring
same, this c2 JfV\ day of October, 2008.
ATTEST: . ~ 1
DWIGHT ~\DR.OCf(~~rk
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Attest as, to at4 (
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BOARD OF COUNTY COMMISSIONERS
OF COLLIER C,OUNY, FLORI A
By: ,:J1;L
Tom Henning, Chairman
By:
~ roved -;PZ =gal sufficiency:
cott R. Teach,
Deputy County Attorney