Fort Walton Beach — Fiscal Year 2019-20 Adopted Budget — reading text

- Debt Financing - Other Outside Funding - Revenue Enhancements (1/2 Cent) 25,000 20,000 220,000 - 265,000 Total Revenue Funding: 25,000 - 20,000 220,000 - 265,000 265,000 Strategy #3: Support Intelligent Growth 177 City of Fort Walton Beach, Florida FY 2020 - 2024 Budget Capital Improvement Program (CIP) (For Projects/Equipment Costing Over $25,000 and Estimated Useful Life of Ten Years or Greater) Priority No. 2 Project Title: Intersection and Pedestrian Improvements Responsible Department: Utility Services Neighborhood/Loc Citywide Responsible Division: Streets Project Manager: Daniel Payne Project Category: Capital Equipment Project Type: Multi-Year Project Number: Estimated Useful Life (years): 25 Criteria Type: Equipment Replacement Projected Date of Completion: 09/30/20 Project Description/Justification: Replace existing traffic control cabinet and add mast arms at City maintained intersections to accommodate pedestrian movements and allow for them to be compatible with Okaloosa County Traffic. The addition of mast arms provides protection for hurricane events. The following intersections are recommended for traffic cabinet replacement: Hollywood Boulevard NW and Wright Parkway NW. FY 2020 Hollywood Boulevard NW and Wright Parkway NW. FY 2021 Hollywood Boulevard NW and Memorial Parkway SW. FY 2022 Hollywood Boulevard NW and Robinwood Drive SW. FY 2023 FY 2024 BUDGETED EXPENDITURE SCHEDULE FY FY FY FY FY Five Year Total Project Elements: 2020 2021 2022 2023 2024 Total Project Improvements 75,000 50,000 50,000 - - 175,000 Furniture/Fixture/Equip. 75,000 25,000 - - - 100,000 Operational Impact - Total Expenditures 150,000 75,000 50,000 - - 275,000 275,000 Expenses From Prior Year(s): $0 Funded from Prior Yr. Revenue: $0 Prior Year Activity on Project: FY 2019 N/A FY 2018 N/A FY 2017 N/A FY 2016 N/A FY 2015 N/A FY FY FY FY FY Five Year Total Revenue Funding Summary: 2020 2021 2022 2023 2024 Total Revenue City Funding 150,000 75,000 50,000 275,000 Grant Funding - Debt Financing - Other Outside Funding - Revenue Enhancements - Total Revenue Funding: 150,000 75,000 50,000 - - 275,000 275,000 Strategy #1: Safe and Livable Community for Citizens Insert Picture Here 178 City of Fort Walton Beach, Florida FY 2020 - 2024 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: 09/30/20 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. FY 2020 Yacht Club Drive NE from Cinco Bayou to Ferry Road NE FY 2021 Robinwood Drive NW from Hollywood Boulevard SW to Holmes Boulevard NW. 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 Road FY 2022 NE to Cul-de-sac, Carlyle Court NE from Merioneth Drive NE to Cul-de-sac. 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. BUDGETED EXPENDITURE SCHEDULE FY FY FY FY FY Five Year Total Project Elements: 2020 2021 2022 2023 2024 Total Project Cost Improvements 300,000 175,000 175,000 175,000 175,000 1,000,000 Furniture/Fixture/Equip. - - - - - - Operational Impact Total Expenditures 300,000 175,000 175,000 175,000 175,000 1,000,000 1,573,586 Expenses From Prior Year(s): $573,586 Funded from Prior Yr. Revenue: $573,586 Prior Year Activity on Project: FY 2019 Striping along Walter Martin NE from Eglin Parkway NE to Beal Parkway NE 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 2018 Hollywood Boulevard 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 2017 Parkway NW Alley. FY 2016 Vista Street SW, Holmes Boulevard NW from Robinwood Drive NW to Beal Parkway NW, Rogers Street NW FY 2015 Baker Avenue NW from Holmes Boulevard NW to Beal Parkway NW and Adams Street NW, Striping of Hill Avenue NW FY FY FY FY FY Five Year Total Revenue Funding Summary: 2020 2021 2022 2023 2024 Total Revenue City Funding 300,000 175,000 175,000 175,000 175,000 1,000,000 Grant Funding - Debt Financing - Other Outside Funding - Revenue Enhancements - Total Revenue Funding: 300,000 175,000 175,000 175,000 175,000 1,000,000 1,573,586 Strategy #1: Safe and Livable Community for Citizens Insert Picture Here 179 City of Fort Walton Beach, Florida Sales Tax Project Capital Improvement Program (CIP) (For Projects/Equipment Costing Over $25,000 and Estimated Useful Life of Ten Years or Greater) Priority No. Project Title: Downtown FWB Master Plan - Infrastructure Improvements Responsible Department: Community Redvelopment Neighborhood/Loc East Miracle Strip Responsible Division: CRA Project