Subject:
Title
Funding Agreement between the County, City of St. Petersburg, and Power Design Inc. for the design and construction of a new traffic signal at the intersection of Dr. Martin Luther King Jr. Street North and 116th Avenue North.
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Recommended Action:
Recommended Action
Approval of the Funding Agreement (Agreement) between the County, the City of St. Petersburg (City), and Power Design Inc. (Power Design) for the design and construction of a new traffic signal at the intersection of Dr. Martin Luther King Jr. Street North (MLK Street North) and 116th Avenue North Project 005747A.
• Total project cost is not to exceed $900,000.00.
• City and County will each contribute up to $382,500.00 towards the project under the Agreement.
• Power Design is a private, for-profit business with its headquarters located at the northwest corner of MLK Street North and 116th Avenue North and will contribute up to $135,000.00 towards the project.
• City will manage the design, construction, and inspection of the project.
• Design anticipated to start in Fiscal Year (FY) 2024.
• County obligation is funded by the Multi-Modal Impact Fees (MMIF). There is an adequate balance in MMIF District 11 to fund this agreement in FY 2024.
The total cost of the project is not to exceed $900,000.00; County portion of design and construction cost is $382,500.00; Authorize the Chairman to sign and the Clerk of the Circuit Court to attest.
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Strategic Plan:
Foster Continual Economic Growth and Vitality
4.4 Invest in infrastructure to meet current and future needs
4.5 Provide safe and effective transportation systems to support the efficient flow of motorists, commerce, and regional connectivity
Deliver First Class Services to the Public and Our Customers
5.3 Ensure effective and efficient delivery of county services and support
Summary:
Summary
The City and Power Design wish to participate with the County in a Funding Agreement to design and construct a new traffic signal at the intersection of MLK Street North and 116th Avenue North. The project will intersect with 116th Avenue North and MLK Street North, which is a County owned and maintained right of way within the municipal limits of the City. The City will manage the design, construction, and inspection of the project. The project has a budget not to exceed $900,000.00. Power Design will contribute up to $135,000.00 and the City and County will each contribute up to $382,500.00 towards the project under the Agreement.
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Background Information:
The City conducted a traffic study to determine a traffic signal is warranted at this intersection. The City will be responsible for procuring and retaining the necessary entities to design, construct, and inspect a new traffic signal and related elements at the intersection of MLK Street North and 116th Avenue North in St. Petersburg. The City will share design documents with the County and Power Design during the design phase of the project in order to allow the County and Power Design to provide comments on the design. The design will be based on the Florida Department of Transportation (FDOT) Design Manual, FDOT Standard Specifications for Road & Bridge Construction, Florida Greenbook, and applicable design standards and specifications of the City.
Fiscal Impact:
The funding source is the Multi-Modal Impact Fee. MMIF District 11 has an adequate balance to fund the $382,500.00 requested in FY 2024. The agreement, if approved, will be programmed into the FY 2024 Proposed Capital Improvement Plan under project 005747A. The parties agree to share in the eligible costs of the project, as follows:
Power Design (15%) $135,000.00
County (42.5%) $382,500.00
City (42.5%) $382,500.00
Total cost (not to exceed): $900,000.00
Staff Member Responsible:
Kelli Hammer Levy, Director, Public Works
Partners:
City of St. Petersburg
Power Design Inc.
Attachments:
Agreement
Power Design Sunbiz Report
Project Location Map