Fort Walton Beach — Fiscal Year 2021-22 Adopted Budget — reading text

193 City of Fort Walton Beach, Florida FY 2022 - 2026 Budget Capital Improvement Program (CIP) (For Projects/Equipment Costing Over $25,000 and Estimated Useful Life of Ten Years or Greater) Priority No. 1 Project Title: Street Resurfacing Responsible Department: Utility Services Neighborhood/Loc Citywide Responsible Division: Streets Project Manager: Daniel Payne Project Category: Infrastructure Project Type: Multi-Year Project Number: 5018 Estimated Useful Life (years): 25 Criteria Type: Improve Existing Svs/Infrastructure Projected Date of Completion: 09/30/22 Project Description/Justification: The City resurfaces a portion of roadways each year. Resurfacing is accomplished by conventional overlay or milling and resurfacing. Overlaying a road surface required the use of compacted SP 9.5 asphalt to a depth of 1" to 1 1/2" over the existing surface. Milling and resurfacing requires cutting the existing asphalt surface down and applying a new cost of asphalt on top. Preventative maintenance prevents roadways from deteriorating to a point requiring more costly complete rehabilitation, and provides a safe, comfortable, and aesthetically pleasing transportation network. Golf Course Drive NE from Eagle Street NE to N. Fairway Avenue NE, Fairway Avenue NE from Mooney Road NE to Golf Course Drive NE, Powell Drive NE from S. Fairway Avenue NE to Eagle Street NE, Stafford Circle NE from Mooney FY 2022 Road NE to Cul-de-sac, Carlyle Court NE from Merioneth Drive NE to Cul-de-sac, White Wilson alley. Choctawhatchee Road SE from Elliot Road SE to Hollywood Boulevard NE, Kepner Drive NE from Okaloosa Road NE to FY 2023 Choctawhatchee Road NE, Hudson Drive NW from Fliva Avenue to Sotir Street NW. Striping on Sleepy Oaks from Yacht Club Drive to Mimosa, Brooks Street, Alconese and Robinwood Drive South of FY 2024 Hollywood Boulevard. FY 2025 Ready Avenue NW from Lovejoy Road NW to Hollywood Boulevard NW. FY 2026 Anchors Street NW from State right of way at Mary Esther Cut-Off to Hill Avenue NW. BUDGETED EXPENDITURE SCHEDULE FY FY FY FY FY Five Year Total Project Elements: 2022 2023 2024 2025 2026 Total Project Cost Improvements 300,000 300,000 300,000 300,000 300,000 1,500,000 Furniture/Fixture/Equip. - - - - - - Operational Impact - - - - - - Total Expenditures 300,000 300,000 300,000 300,000 300,000 1,500,000 2,073,586 Expenses From Prior Year(s): $573,586 Funded from Prior Yr. Revenue: $573,586 Prior Year Activity on Project: Robinwood Drive NW from Hollywood Boulevard SW to Holmes Boulevard NW. Temple Avenue SW from Hollywood FY 2021 Boulevard SW to Coral Drive SW. Yacht Club Drive NE from Cinco Bayou to Ferry Road NE. Hughes Street NE from Cinco Bayou to Ferry Road NE. Industrial Street NW from West of Fort Walton Concrete to East of Fort Walton Concrete. Victoria Place NW from FY 2020 Oakland Circle NW to Marie Circle NW. 4th Street SE alley from 3rd Street SE to 4th Street SE. Hill Avenue NW from City Limits to Lovejoy Road NW, Smith Drive NE from 319 Smith Drive NE to Gardner Drive NE, Gardner Drive NE from Smith Drive NE to 346 Gardner Drive NE, McArthur Avenue from Sotir to Beal Parkway and 417 FY 2019 Hollywood Boulevard. Striping along Walter Martin NE from Eglin Parkway NE to Beal Parkway NE Marilyn Avenue NW from Rogers Street NW to Holmes Boulevard NW, Ferry Road NE from Yacht Club Drive NE to entrance of the Yacht Club, Holmes Boulevard NW from the Wright Parkway NW to Memorial Parkway NW, and Wright FY 2018 Parkway NW Alley. FY 2017 Vista Street SW, Holmes Boulevard NW from Robinwood Drive NW to Beal Parkway NW, Rogers Street NW FY FY FY FY FY Five Year Total Revenue Funding Summary: 2022 2023 2024 2025 2026 Total Revenue City Funding 300,000 300,000 300,000 300,000 300,000 1,500,000 Grant Funding - - - Debt Financing - Other Outside Funding - Revenue Enhancements - - - - - - Total Revenue Funding: 300,000 300,000 300,000 300,000 300,000 1,500,000 2,073,586 Strategy #1: Economic Diversification & Resiliency Insert Picture Here 194 City of Fort Walton Beach, Florida FY 2022 - 2026 Budget Capital Improvement Program (CIP) (For Projects/Equipment Costing Over $25,000 and Estimated Useful Life of Ten Years or Greater) Priority No. 1 Project Title: Downtown Parking Lot Improvements Responsible Department: Utility Services Neighborhood/Loc East Miracle Strip Responsible Division: Streets Project Manager: Daniel Payne Project Category: Infrastructure Project Type: 1-Year Project Number: Estimated Useful Life (years): 25 Criteria Type: Improve Existing Svs/Infrastructure Projected Date of Completion: 09/30/22 Project Description/Justification: The existing owned parking lot and leased section at 164 & 166 Miracle Strip Parkway SW is in need of asphalt and stormwater improvements. Reconstruction of the parking lot will include removing the existing underlying building foundation and tying into the adjacent FDOT stormwater FY 2022 Downtown Parking Lot Improvements FY 2023 FY 2024 FY 2025 FY 2026 BUDGETED EXPENDITURE SCHEDULE FY FY FY FY FY Five Year Total Project Elements: 2022 2023 2024 2025 2026 Total Project Cost Improvements 200,000 - - - 200,000 Furniture/Fixture/Equip. - - - - - - Operational Impact - - - - - - Total Expenditures 200,000 - - - - 200,000 200,000 Expenses From Prior Year(s): $0 Funded from Prior Yr. Revenue: $0 Prior Year Activity on Project: FY 2021 FY 2020 FY 2019 FY 2018 FY 2017 FY FY FY FY FY Five Year Total Revenue Funding Summary: 2022 2023 2024 2025 2026 Total Revenue City Funding 200,000 - - - - 200,000 Grant Funding - - - - - Debt Financing - - - - - - Other Outside Funding - - - - - - Revenue Enhancements - - - - - - Total Revenue Funding: 200,000 - - - - 200,000 200,000 Strategy #3: Support Intelligent Growth 195 City of Fort Walton Beach, Florida FY 2022 - 2026 Budget Capital Improvement Program (CIP) (For Projects/Equipment Costing Over $25,000 and Estimated Useful Life of Ten Years or Greater) Priority No. 3 Project Title: Street Lighting Responsible Department: Utility Services Neighborhood/Loc Citywide Responsible Division: Streets Project Manager: Daniel Payne Project Category: Infrastructure Project Type: Multi-Year Project Number: 5018 Estimated Useful Life (years): 25 Criteria Type: Improve Existing Svs/Infrastructure Projected Date of