Fort Walton Beach — Fiscal Year 2022-23 Adopted Budget — reading text

Improve Existing Svs/Infrastructure Projected Date of Completion: 09/30/23 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. Sotir Street NW from Memorial Parkway NW to Bayou Woods Drive NW. Hudson Drive NW from Fliva Avenue to Sotir Street NW, Alabama Alley. Stafford Circle NE from Mooney Road NE to Cul-de-sac, Carlyle Court NE from Merioneth FY 2023 Drive NE to Cul-de-sac, White Wilson alley. FY 2024 Coral Drive SW from Robinwood Drive SW to Memorial Parkway SW. FY 2025 Coral Drive SW from Memorial Parkway SW to Hollywood Boulevard SW. Striping on Sleepy Oaks from Yacht Club Drive to Mimosa Street, Brooks Street, Alconese Avenue and Robinwood Drive FY 2026 south of Hollywood Boulevard. FY 2027 Ready Avenue NW from Lovejoy Road NW to Hollywood Boulevard NW. BUDGETED EXPENDITURE SCHEDULE FY FY FY FY FY Five Year Total Project Elements: 2023 2024 2025 2026 2027 Total Project Cost Improvements 400,000 400,000 400,000 400,000 400,000 2,000,000 Furniture/Fixture/Equip. - - - - - - Operational Impact - - - - - - Total Expenditures 400,000 400,000 400,000 400,000 400,000 2,000,000 2,573,586 Expenses From Prior Year(s): $573,586 Funded from Prior Yr. Revenue: $573,586 Prior Year Activity on Project: Golf Course Drive NE from S. Fairway Avenue NE to N. Fairway Avenue NE, Fairway Avenue NE from Mooney Road FY 2022 NE to Wedgewood Lane NE, Powell Drive NE from S. Fairway Avenue NE to Eagle Street NE. 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 FY FY FY FY Five Year Total Revenue Funding Summary: 2023 2024 2025 2026 2027 Total Revenue City Funding 400,000 400,000 400,000 400,000 400,000 2,000,000 Grant Funding - - - Debt Financing - Other Outside Funding - Revenue Enhancements - - - - - - Total Revenue Funding: 400,000 400,000 400,000 400,000 400,000 2,000,000 2,573,586 Strategy #1: Economic Diversification & Resiliency Insert Picture Here 196 City of Fort Walton Beach, Florida FY 2023 - 2027 Budget Capital Improvement Program (CIP) (For Projects/Equipment Costing Over $25,000 and Estimated Useful Life of Ten Years or Greater) Priority No. Project Title: Community Redvelopment Area (CRA) Wayfinding Signage System Responsible Department: Community Redvelopment Neighborhood/Loc East Miracle Strip Responsible Division: CRA Project Manager: Chris Frassetti Project Category: Infrastructure Project Type: Multi-Year Project Number: Estimated Useful Life (years): 20 Criteria Type: Improve Existing Svs/Infrastructure Projected Date of Completion: 09/30/29 Project Description/Justification: The Community Redevelopment Area (CRA) Plan identifies locations for updated wayfinding signage through the CRA to establish a unique identity for the CRA and enhance the CRA's vision to improve economic development, quality of life, and sense of community. FY 2023 Design of CRA wayfinding signage program FY 2024 Install wayfinding in West Waterfront, South Beal Pkwy, & Uptown Industrial Districts FY 2025 Install wayfinding in Eglin Commercial, Health and Wellness, & Central Residential Districts FY 2026 FY 2027 Install wayfinding in Downtown Core District BUDGETED EXPENDITURE SCHEDULE FY FY FY FY FY Five Year Total Project Elements: 2023 2024 2025 2026 2027 Total Project Cost Improvements 65,000 65,000 65,000 - 30,000 225,000 Furniture/Fixture/Equip. - - - - - - Operational Impact - - - - - - Total Expenditures 65,000 65,000 65,000 - 30,000 225,000 225,000 Expenses From Prior Year(s): Funded from Prior Yr. Revenue: $0 Prior Year Activity on Project: FY 2022 FY 2021 FY 2020 FY 2019 FY 2018 FY FY FY FY FY Five Year Total Revenue Funding Summary: 2023 2024 2025 2026 2027 Total Revenue City Funding 65,000 65,000 65,000 30,000 225,000 Grant Funding - - - Debt Financing - Other Outside Funding - Revenue Enhancements - - - - - - Total Revenue Funding: 65,000 65,000 65,000 - 30,000 225,000 225,000 Strategy #1: Economic Diversification & Resiliency Insert Picture Here 197 City of Fort Walton Beach, Florida FY 2023 - 2027 Budget Capital Improvement Program (CIP) (For Projects/Equipment Costing Over $25,000 and Estimated Useful Life of Ten Years or Greater) Priority No. Project Title: Liza Jackson Park Renovation Responsible Department: Recreation & Cultural Services Neighborhood/Loc South Bayou Responsible Division: Parks Project Manager: Jeff Peters Project Category: Park Facilities Project Type: Multi-Year Project Number: Estimated Useful Life (years): 25 Criteria Type: Improve Existing Svs/Infrastructure Projected Date of Completion: 09/30/24 Project Description/Justification: Liza Jackson Park renovation to include interior road connection, boat launch area, boat/trailer drop off, pavilion rebuild, restroom replacement FY 2023 Design Plans/Submit Project to TDD FY 2024 Waterfront Park Renovation FY 2025 FY 2026 FY 2027 BUDGETED EXPENDITURE SCHEDULE FY FY FY FY FY Five Year Total Project Elements: 2023 2024 2025 2026 2027 Total Project Cost Improvements 75,000 1,000,000 - - - 1,075,000 Furniture/Fixture/Equip. - - - - - - Operational Impact - -