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CASSELBERRY CITY COMMISSION Minutes of November 15, 2021 — Regular Meeting Page 13 of 26 improvements to State Road 436 from U.S. Highway 17-92 down to the Seminole County/Orange County line. City and County staff have been working on this for some time and both parties are now agreeable at the staff level. The agreement is related to projects identified in the Third Generation Sales Tax list for the same segment of the corridor and there are also two projects on Metroplan's prioritized list for covering the same area. There have been previous planning efforts along this corridor by both FDOT (Florida Department of Transportation) and Lynx; however, there is no near-term funding for design or construction at the federal level, so the City and County have worked together to develop a strategy to utilize sales tax funding, as this was identified as a sales tax project. There is $4.77 million available for this segment of the corridor in the Third General Sales Tax, which was originally intended to be administered with Seminole County; however, the County has agreed that it is more appropriate for the City to administer this project because it's largely within or adjacent to City limits. The latest estimates for this major project from Metroplan are over $40 million for the entire corridor, but full funding is not available at this time, so the idea is to use local funding to try and get at least part of it to a shovel ready status. The project has been broken down into four different components, with the first and highest priority component being the segment from U.S. Highway 17-92 to Wilshire Boulevard, with a focus on the active transportation portions of that, such as bicycle/pedestrian and safety improvements, and aesthetics. If the City Commission approves this item tonight, and the Board of County Commissioners also approves it, the next step would be to update FDOT's development concept for the segment from U.S. Highway 17-92 to Wilshire Boulevard. It is not anticipated that the full $4.77 million will be spent on that segment, but the idea is to be able to leverage the funding in hopes that federal funding for construction can be obtained sooner. Budget Impact: There is no impact to the City Budget at this time. Once the Interlocal Agreement is approved by Seminole County, future Budget Amendments will be brought forward to City Commission as needed to reflect revenue and expenditure. Recommendation: The City Manager and the Public Works Director recommended approval of Resolution 21-3277. Audience Participation: No one came forward to address Resolution 21-3277. MOTION: Commissioner Aramendia Vice Mayor Busch moved to approve Resolution 21- 3277, as presented. Motion was seconded by Commissioner Meadows. Motion carried unanimously by voice vote 4-0. 10. FIRST READING OF ORDINANCES A. Ordinance 21-1562 — Issuance of Capital Improvement Revenue Bond Series 2021 The City Clerk read Ordinance 21-1562 by title, as follows: "AN ORDINANCE OF THE CITY OF CASSELBERRY, FLORIDA, AUTHORIZING THE ISSUANCE OF ITS NOT TO EXCEED $10,000,000 CAPITAL IMPROVEMENT REVENUE BOND, SERIES 2021 IN ORDER TO FINANCE THE DESIGN, ACQUISITION, CONSTRUCTION AND EQUIPPING OF A NEW POLICE STATION COMPLEX; PROVIDING AUTHORIZATION FOR THIS ORDINANCE; PROVIDING FINDINGS; PROVIDING FOR THE