florida central railroad track rehabilitation local matching funds board of county commissioners...
DESCRIPTION
Presentation Outline BackgroundBackground Agreement TermsAgreement Terms Requested ActionRequested ActionTRANSCRIPT
![Page 1: Florida Central Railroad Track Rehabilitation Local Matching Funds Board of County Commissioners August 28, 2012](https://reader035.vdocuments.us/reader035/viewer/2022062401/5a4d1aec7f8b9ab05997b567/html5/thumbnails/1.jpg)
Florida Central Railroad
Track RehabilitationLocal Matching Funds
Board of County CommissionersAugust 28, 2012
![Page 2: Florida Central Railroad Track Rehabilitation Local Matching Funds Board of County Commissioners August 28, 2012](https://reader035.vdocuments.us/reader035/viewer/2022062401/5a4d1aec7f8b9ab05997b567/html5/thumbnails/2.jpg)
Presentation Outline
• Background• Agreement Terms• Requested Action
![Page 3: Florida Central Railroad Track Rehabilitation Local Matching Funds Board of County Commissioners August 28, 2012](https://reader035.vdocuments.us/reader035/viewer/2022062401/5a4d1aec7f8b9ab05997b567/html5/thumbnails/3.jpg)
Presentation Outline
• Background• Agreement Terms• Requested Action
![Page 4: Florida Central Railroad Track Rehabilitation Local Matching Funds Board of County Commissioners August 28, 2012](https://reader035.vdocuments.us/reader035/viewer/2022062401/5a4d1aec7f8b9ab05997b567/html5/thumbnails/4.jpg)
Background
• $18.4 million Improvement Project• Downtown Orlando – Plymouth
– Continuous Weld Track Upgrades– Track Stabilization– Railroad Tie Replacement– Railroad Crossing Improvements– Dora Canal Bridge Replacement
• Upgrades Class of Freight (I to III)• Allows for Future Passenger Rail Service
![Page 5: Florida Central Railroad Track Rehabilitation Local Matching Funds Board of County Commissioners August 28, 2012](https://reader035.vdocuments.us/reader035/viewer/2022062401/5a4d1aec7f8b9ab05997b567/html5/thumbnails/5.jpg)
Background
![Page 6: Florida Central Railroad Track Rehabilitation Local Matching Funds Board of County Commissioners August 28, 2012](https://reader035.vdocuments.us/reader035/viewer/2022062401/5a4d1aec7f8b9ab05997b567/html5/thumbnails/6.jpg)
Background
• FDOT has committed $13.8 million (75%) to fund facility improvements
• 25% ($4.6 million) Local Match Required– FCEN had committed $1.2 million– $3.4 million funding gap
![Page 7: Florida Central Railroad Track Rehabilitation Local Matching Funds Board of County Commissioners August 28, 2012](https://reader035.vdocuments.us/reader035/viewer/2022062401/5a4d1aec7f8b9ab05997b567/html5/thumbnails/7.jpg)
Background
• Lake County/Municipalities – 55% ($1.87M) of funding gap– Lake County– Eustis– Mt. Dora– Tavares– Umatilla
• $1.53 million - remaining funding gap– Orange County– Apopka– Orlando– Ocoee– Winter Garden
![Page 8: Florida Central Railroad Track Rehabilitation Local Matching Funds Board of County Commissioners August 28, 2012](https://reader035.vdocuments.us/reader035/viewer/2022062401/5a4d1aec7f8b9ab05997b567/html5/thumbnails/8.jpg)
Background
• October 2010 – BCC directed staff to work with MPO’s to develop Memorandum of Understanding (MOU)
• March 2011 – BCC directed staff to negotiate a funding agreement, not to exceed $650K
• Subsequently, Federal Railroad Administration (FRA) authorized additional grant ($2.2 million), which reduces County’s share
![Page 9: Florida Central Railroad Track Rehabilitation Local Matching Funds Board of County Commissioners August 28, 2012](https://reader035.vdocuments.us/reader035/viewer/2022062401/5a4d1aec7f8b9ab05997b567/html5/thumbnails/9.jpg)
Presentation Outline
• Background• Agreement Terms• Requested Action
![Page 10: Florida Central Railroad Track Rehabilitation Local Matching Funds Board of County Commissioners August 28, 2012](https://reader035.vdocuments.us/reader035/viewer/2022062401/5a4d1aec7f8b9ab05997b567/html5/thumbnails/10.jpg)
Agreement Terms
• FCEN will perform work and invoice partners
• Orange County will pay 1.85% of costs• County costs not to exceed $340K• If FCEN sells or leases to public partner,
will reimburse County (pro-rated)
![Page 11: Florida Central Railroad Track Rehabilitation Local Matching Funds Board of County Commissioners August 28, 2012](https://reader035.vdocuments.us/reader035/viewer/2022062401/5a4d1aec7f8b9ab05997b567/html5/thumbnails/11.jpg)
Presentation Outline
• Background• Agreement Terms• Requested Action
![Page 12: Florida Central Railroad Track Rehabilitation Local Matching Funds Board of County Commissioners August 28, 2012](https://reader035.vdocuments.us/reader035/viewer/2022062401/5a4d1aec7f8b9ab05997b567/html5/thumbnails/12.jpg)
Requested Action
• Approval of Agreement for Local Funding of Railroad Track Rehabilitation (Orange County) between Orange County, Florida and Florida Central Railroad Company, Inc. Districts 1, 2, 3, 5, and 6.
![Page 13: Florida Central Railroad Track Rehabilitation Local Matching Funds Board of County Commissioners August 28, 2012](https://reader035.vdocuments.us/reader035/viewer/2022062401/5a4d1aec7f8b9ab05997b567/html5/thumbnails/13.jpg)
Florida Central Railroad
Track RehabilitationLocal Matching Funds
Board of County CommissionersAugust 28, 2012