TRANSPORTATION DEPARTMENT AND TRANSIT DIVISION RECOMMEND APPROVAL OF THE ABOVE MOTION.
This item supports the Boards Value of "Cooperatively delivering an efficient and accessible regional intermodal transportation network."
As background, the Transit Division (BCT) staff and Real Property worked with the City of Miramar and other entities to enter into contracts for property and easements to construct a Park and Ride lot to serve customers of BCT's highly-utilized 95 Express Bus Service between Miramar and Miami. The property for the development of the Miramar Park and Ride site is located northeast of the Miramar Town Center at the intersection of Hiatus Road and Miramar Parkway, east of the Miramar Commons Shopping Center South of Pembroke Road. When built, the Miramar Park & Ride facility will contain approximately 550 parking spaces; shelters; charging stations; sidewalks, as well as pick-up and drop-off areas.
The County originally entered into a Joint Participation Agreement (JPA) with the Florida Department of Transportation (FDOT) for additional funding for the County to construct the Miramar Park & Ride facility on May 19, 2015, Item No. 8. The JPA was to provide $1,046,787 in FDOT funding, which required an equal County match. Construction never started and the JPA expired on December 31, 2017. In order to proceed with this project, FDOT has agreed to assume construction and construction management activities and is requesting to utilize the previously encumbered FDOT and County match funds towards the project.
The total cost of the Miramar Park & Ride facility is now estimated to be $8,207,203. FDOT has agreed to provide additional funding to their original JPA funds for a total FDOT project contribution of $1,499,999. As a result, the County’s share of the Miramar Park & Ride facility will be $6,707,204. The County currently has $3,718,574 budgeted for this project. As a result a budget modification has been included to transfer $2,987,630 Transit Capital Funds to this project to finance the County share of the construction costs.
In order to implement the project, FDOT requires a Locally Funded Agreement which details each party’s financial commitments. Of the total estimated projects cost of $8,207,203, a total of $7,347,600 is for construction activities and a total of $859,603 is for Construction Engineering and Inspection (CEI). FDOT will use their funding for the $859,603 of CEI. The $7,347,600 of construction costs will be shared with the County providing $6,706,204 and FDOT providing $640,396. The LFA details the use of these funds. In addition, a Three Party Escrow agreement has also been requested. Within 30 days of the approval of the LFA, Broward County will deposit its share of project construction costs in the amount of $6,706,204 in an escrow account to be managed by the Florida Department of Financial Services. Funds will be dispersed from this account to FDOT for eligible construction expenditures. Finally, a Maintenance Agreement has been prepared which identifies Broward County as being responsible for all Miramar Park & Ride facility operations and maintenance costs once the completed project has been turned over to the County.
The Locally Funded Agreement, the Three Party Escrow Agreement and the Maintenance Agreement have been reviewed and approved as to form by the Office of the County Attorney. In conformity with FDOT’s statewide requirement, the Maintenance Agreement requires Broward County to indemnify FDOT for any violations by Broward County of any permits issued to FDOT or jointly to Broward County and FDOT after construction is completed, to the extent permitted by law.
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