TO: Honorable Mayor & Members of the North Port Commission
FROM: Peter D. Lear, CPA, CGMA, Interim City Manager
TITLE: Traffic Signal Maintenance and Compensation Agreement Exhibit A with the Florida Department of Transportation for FY 2017-2018
Recommended Action
Approval of Traffic Signal Maintenance and Compensation Agreement Exhibit A with the Florida Department of Transportation for FY 2017-2018.
Background Information
Yearly, the State of Florida Department of Transportation (FDOT) provides a lump sum payment to the City of North Port for the maintenance of traffic signals on U.S. 41. The City executed Resolution 2016-R-10 on May 24, 2016 to accept a lump sum payment of $32,000 for the maintenance of the traffic signals. On December 6, 2016, Commission approved an amendment to Resolution 2015-R-12, Traffic Signal Maintenance and Compensation Agreement, which changed some conditions such as time to repair and frequency of inspections.
In accordance with the Agreement, the City of North Port will be responsible for maintaining the traffic signals at the following intersections:
? U.S. 41 and Salford Boulevard
? U.S. 41 and Sumter Boulevard
? U.S. 41 Home Depot Entrance
? U.S. 41 Tuscola Boulevard
? U.S. 41 and North Port Boulevard
? U.S. 41 and Pan American Boulevard
? U.S. 41 and Biscayne Drive
The City has received the FY 2017-2018 Traffic Signal Maintenance and Compensation Agreement Exhibit A. This year, the amount the City will receive for maintenance is $32,799, a $799 increase from last fiscal year. The estimated total amount to be spent in this fiscal year is $32,000. The following provides the revenues and expenditures during the previous two fiscal years for maintenance, payment of electricity bills, and bulb replacement/repairs:
Fiscal Year 2015/2016:
Revenues: $27,956.88
Expenditures: $27,255.00
Fiscal Year 2016/2017:
Revenues: $32,000.00
Expenditures: $31,785.00 (estimated)
The City Attorney has reviewed and approved this a...
Click here for full text