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RESOLUTION 23-3558 <br />A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF <br />CASSELBERRY, FLORIDA, APPROVING AND AUTHORIZING THE <br />EXECUTION OF A THREE PARTY ESCROW AGREEMENT WITH THE <br />STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION AND THE <br />STATE OF FLORIDA DEPARTMENT OF FINANCIAL SERVICES <br />DIVISION OF TREASURY IN ORDER TO PROVIDE FOR FUNDING FOR <br />CONSTRUCTION ENGINEERING AND INSPECTION SERVICES FOR <br />THE SOUTHCOT DRIVE BICYCLE / PEDESTRIAN IMPROVEMENTS <br />PROJECT; PROVIDING FOR CONFLICTS, SEVERABILITY, AND <br />EFFECTIVE DATE. <br />WHEREAS, the City of Casselberry is committed to making its community safer, more <br />comfortable, and more connected for people of all ages and abilities to walk and bike; and <br />WHEREAS, in 2016 as part of its adopted Multimodal Transportation Master Plan, the City <br />identified the Southcot Drive Bicycle/Pedestrian Improvements project as part of its Capital <br />Improvement Program; and <br />WHEREAS, for FDOT purposes the project is also referred to as the "Southcot Drive <br />Sidewalk from Sunset Drive to Lake Triplett Drive" project; and <br />WHEREAS, construction of the proposed improvements using federal funds was <br />programmed into the State of Florida Department of Transportation's (FDOT's) Work Program for <br />State Fiscal Year (FY) 2022-2023; and <br />WHEREAS, design of the project has been completed using federal funds; and <br />WHEREAS, FDOT is prepared to undertake construction engineering and inspection (CEI) <br />services for the project and partially fund said services; and <br />WHEREAS, a Locally Funded Agreement with FDOT is necessary in order for the City to <br />provide partial funding for CEI services using local funds; and <br />WHEREAS, a related Three Party Escrow Agreement with FDOT and the State of Florida <br />Department of Financial Services Division of Treasury is also necessary to facilitate transfer of local <br />funds; and <br />WHEREAS, City Staff has reviewed the aforementioned Escrow Agreement and finds it <br />acceptable to meet the needs of the City. <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE <br />CITY OF CASSELBERRY, FLORIDA, AS FOLLOWS: <br />SECTION L The City Commission of the City of Casselberry hereby approves the Three <br />Party Escrow Agreement with the State of Florida Department of Transportation and the State of <br />Florida Department of Financial Services Division of Treasury to provide for funding for <br />