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A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, APPROVING AND AUTHORIZING THE PROPER CITY OFFICIALS TO EXECUTE A REIMBURSEMENT AGREEMENT BETWEEN THE CITY OF POMPANO BEACH AND 14TH STREET TOWNHOMES ASSOCIATION, INC. REGARDING THE UNDERGROUNDING OF OVERHEAD UTILITIES; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: 40% of project costs not to exceed $109,000)
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(Staff Contact: John Sfiropoulos)
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Summary Explanation/Background:
The 14th Street Townhomes Association is proposing to underground their overhead utilities (electric, cable and phone). Total linear feet to underground is 1,264 feet of which 501 feet of this total, or 40%, is directly adjacent to 14th Street Causeway. Since 14th Street Causeway is a major corridor in City, the Association has requested City to assist in subsidizing costs. Attached is the “Project Estimate” which represents $276 K for the entire project of which 40% equates to $109 K.
Note that City Commission previously approved same Reimbursement Agreement with the Association in 2014 and 2018 (attached) however, there was a 2-year expiration clause and the Association has had many challenges and was unable to complete the project within those time-frames. Consequently, the Association recently reached back out to City and requested attached Reimbursement Agreement to be renewed (refer to “Request from Association President”).
Origin of request for this action: Staff
Fiscal impact and source of funding: 40% of project costs not to exceed $109,000 from General Fund/Fund Balance with the attached budget adjustment.
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