Title of Item:
BUDGET APPROPRIATION FOR PHASE 1 OF THE DOWNTOWN WAYFINDING SIGNAGE PROGRAM (RC):
RESOLUTION No. 04-2019 CRA; A RESOLUTION OF THE BOARD OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF STUART, FLORIDA, AUTHORIZING BUDGET AMENDMENT #4 TO THE FY 2019 CRA BUDGET TO TRANSFER FUNDS FROM THE CRA FUND BALANCE TO ALLOCATE TO PHASE 1 OF THE DOWNTOWN WAYFINDING SIGNAGE PROGRAM IN THE AMOUNT OF $8,000 FOR THE PURCHASE OF THE WAYFINDING POLE SIGNS TO ESTABLISH UNIFORM SIGNAGE IN DOWNTOWN STUART; PROVIDING FOR CONFLICTS; SEVERABILITY; PROVIDING FOR AN EFFECTIVE DATE, AND FOR OTHER PURPOSES.
Summary Explanation/Background Information on Agenda Request:
The proposed Downtown Wayfinding Signage Program will be implemented in two phases. Phase I will be implemented in the Old Downtown District for businesses located within the boundaries of the Old Downtown District. Phase II will be implemented along SE Ocean Blvd and S Colorado Avenue. Phase I will be implemented in FY 2019 and Phase II will be budgeted and implemented in FY 2020.
The first phase will include 4 wayfinding signs and the estimated cost is $6,988 and the second phase will include 3 wayfinding signs and the estimated cost is $4,000. The program will be managed by the CRA and funded with Tax Increment Financing (TIF).
Funding Source:
FROM: CRA FY 2019 Fund Balance - $8,000
TO: Downtown Wayfinding Signage Program Phase 1 - $8,000
Recommended Action:
Approve Resolution No. 04-2019 CRA, a budget allocation of $8,000 for Phase 1 of the Downtown Wayfinding Signage Program. |