Submitted By: Noel Cooper
presenter
Presentation By: Sean Lanier
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Department: Engineering
FORMAL TITLE:
title
Budget Resolution 2026-146 to amend the Fiscal Year 2025-26 budget to accept and appropriate grant funds from the Florida Department of Transportation in the amount of $579,922
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OCALA'S RELEVANT STRATEGIC GOALS:
Fiscally Sustainable, Quality of Place
PROOF OF PUBLICATION:
N/A
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BACKGROUND:
The proposed State-Funded Grant Agreement (SFGA) FPN 456984-1-54-01 addresses the construction of safety and operational improvements at the intersection of State Road (SR) 464 and SE 25th Avenue, as approved in the Fiscal Year 2025- 26 Capital Improvement Plan.
The scope of the grant project includes minor widening and reconstruction of the south leg of the intersection to allow the northbound intersection approach of SE 25th Avenue at SR 464 to have a left-turn lane, shared left-turn lane/through lane, and a dedicated right-turn lane. In addition, an exclusive westbound right-turn lane and marked bike lane will be added on SR 464, along with signal retiming for the intersection.
The total estimated construction cost of the SFGA project is $773,230, and the Florida Department of Transportation (FDOT) agrees to reimburse the City an amount not to exceed $579,922. The City's match is $193,308, which is included in the current year budget. The City also agrees to bear all expenses in excess of the FDOT's participation.
FINDINGS AND CONCLUSIONS:
A budget resolution is needed to appropriate the grant funds associated with the project.
FISCAL IMPACT:
Funding for this project will be appropriated in the following accounts:
091-050-260-541-69-65010 FDOT Grant (construction)
$579,922
091-020-260-541-69-65010 City Funds (construction)
$193,308
TOTAL
$773,230
PROCUREMENT REVIEW:
N/A
LEGAL REVIEW:
N/A
ALTERNATIVE:
* Approve with Changes
* Table
* Deny
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BUDGET RESOLUTION 2026-146
A RESOLUTION TO AMEND THE FISCAL YEAR 2025-26 BUDGET TO ...
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