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HomeMy WebLinkAboutR2026-04 Interlocal Agreement with Seacoast Utility Authority_Bouy RoadRESOLUTION 2026-04 A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF NORTH PALM BEACH, FLORIDA, APPROVING AN INTERLOCAL AGREEMENT WITH SEACOAST UTILITY AUTHORITY FOR JOINT PARTICIPATION AND PROJECT FUNDING FOR THE BUOY ROAD INFRASTRUCTURE IMPROVEMENTS AND AUTHORIZING THE MAYOR AND VILLAGE CLERK TO EXECUTE THE AGREEMENT; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, Village Staff recommended executing an Interlocal Agreement with Seacoast Utility Authority ("SUA") for joint participation and project funding for the Buoy Road Infrastructure Improvement Project; and WHEREAS, the Village will oversee and manage the construction project, with: (1) the Village paying the cost for milling and resurfacing the existing roadway, installation of drainage infrastructure, and pavement striping; (2) SUA reimbursing the Village for cost of the installation of new water and sewer main facilities; and (3) the Village and SUA sharing the costs for maintenance of traffic, excavation, sidewalks, driveway aprons, and swale regrading and sodding; and WHEREAS, the Village Council determines that the execution of an Interlocal Agreement with SUA to facilitate the Buoy Road Infrastructure Improvement Project is in the best interests of the Village and its residents. NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE VILLAGE OF NORTH PALM BEACH, FLORIDA, as follows: Section 1. The foregoing recitals are ratified and are incorporated herein. Section 2. The Village Council hereby approves an Interlocal Agreement with Seacoast Utility Authority for Joint Participation and Project Funding for the Buoy Road Infrastructure Improvement Project, a copy of which is attached hereto and incorporated herein, and authorizes the Mayor and Village Clerk to execute the Interlocal Agreement on behalf of the Village. The total cost of the Project is estimated to be $398,660.00, with the Village's cost responsibility estimated to be $196,527.62, with funds expended from Stormwater Utility Account No. H7321-66210 (Streets and Grounds - Construction and Major Renovation). Section 3. This Resolution shall become effective immediately upon adoption. P • �� NDy ��•� TED THIS 12TH DAY OF FEBRUARY, 2026. FLORIDA ( e Seal) -MAYOR ATTEST:: VILLAGE CLERK