01-41
RESOLUTION NO. 01-41
A RESOLUTION OF THE CITY OF CLEARWATER, FLORIDA,
AUTHORIZING THE EXECUTION OF THE THIRD AMENDMENT
TO THE JOINT PARTICIPATION AGREEMENT BETWEEN THE
CITY OF CLEARWATER AND THE STATE OF FLORIDA
DEPARTMENT OF TRANSPORTATION, TO CONSTRUCT A NEW
MEMORIAL CAUSEWAY EAST BRIDGE; PROVIDING AN
EFFECTIVE DATE.
WHEREAS, on June 27, 1997, the City Commission approved the Joint Participation
Agreement (JPA) between the Florida Department of Transportation (FDOT) and the City of
Clearwater for the design, right-of-way acquisition and construction of the Memorial Causeway
Bridge replacement. This JPA was amended in January 2001 to recognize $12 million in federal
funding, and again in June 2001 to recognize an additional $8,770,662 in federal funding; and
WHEREAS, construction costs for the Memorial Causeway Bridge have increased above
the anticipated project cost; and
WHEREAS, the FDOT has now elected to contribute an additional $2.5 million to the
project, bringing their total contribution to $15.5 million; and
WHEREAS, there exists an opportunity to maximize the interest earnings accrued on the
City's advance deposits for the project; now, therefore,
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF
CLEARWATER, FLORIDA:
Section 1. The City Commission hereby accepts and approves the third amendment to the
Joint Participation Agreement between the City of Clearwater and the Florida Department of
Transportation and authorizes the execution of the same.
Section 2. This resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED this 1st
,2001.
Brian J. Aungst
Mayor-Commissioner
Approved as to form:
Attest:
fJ/J
City Attorney
~ (L;Leu &uL
fltrJ Cynt E. Goudeau' =' , '='-(f)
'~ City Clerk
Resolution No. 01-41