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ITEM: INTERLOCAL AGREEMENT WITH PALM BEACH COUNTY SCHOOL BOARD FOR INSTALLATION OF TRAFFIC SIGNAL IMPROVEMENTS AT LAKE WORTH ROAD AND ISLE VIEW DRIVE
REQUEST: Approval of interlocal agreement with Palm Beach County School Board for installation of Traffic Signal Improvements at Lake Worth Road and Isle View Drive.
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EXPLANATION: The Village and School Board have determined a need for the installation of a traffic signal at Lake Worth Road and Isle View Drive for the safety of students, staff and the public, (“Project”).
The Village has designed, constructed and permitted the traffic signal improvements (“Improvements”) and has agreed to maintain said Improvements.
The School Board is willing to reimburse the Village for the installation of said Improvements necessary and related to the Project up to the amount of Two Hundred Thirty-Two Thousand Nine Hundred Fifty-Six and 29/100 Dollars ($232,956.29). Approval of the Interlocal Agreement is required in order for the School District to fund its portion of the Project.
BUDGET AMENDMENT REQUIRED: NO
PUBLIC HEARING: NO QUASI-JUDICIAL:
FIRST READING: SECOND READING:
LEGAL SUFFICIENCY: YES
FISCAL IMPACT: Wellington will save $232,956.29 on the cost of the Project.
WELLINGTON FUNDAMENTAL: Responsive Government
RECOMMENDATION: Approval of interlocal agreement with Palm Beach County School Board for installation of Traffic Signal Improvements at Lake Worth Road and Isle View Drive.