LEGISLATIVE ACTION ITEM
SPONSOR: Grover C. Robinson, IV, Mayor
SUBJECT:
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PORT OF PENSACOLA - FLORIDA SEAPORT TRANSPORTATION ECONOMIC DEVELOPMENT (FSTED) GRANT NO. 445548-1-94-02, LANDSIDE IMPROVEMENTS
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RECOMMENDATION:
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That City Council authorize the Mayor to execute Florida Seaport Transportation Economic Development (FSTED) Grant No. 445548-1-94-02 for Hurricane Sally-related landside improvements in the amount of $453,131. Further, that City Council authorize the Mayor to take all actions necessary to accept, execute and administer the grant. Finally, that City Council adopt a supplemental budget resolution appropriating the grant funds.
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HEARING REQUIRED: No Hearing Required
SUMMARY:
On September 16, 2020, Hurricane Sally made landfall before dawn near Gulf Shores, Alabama, causing significant damage to both the waterside and landside improvements at the Port of Pensacola. While the Port has received funding from the Federal Emergency Management Agency (FEMA) and the Florida Division of Emergency Management (FDEM) through FEMA’s Public Assistance Program, the assistance only reimburses 87.5% of the total project cost, leaving the remaining 12.5% to be covered by the Port. Since repairs for both the waterside and landside improvements are estimated to be in the millions, staff started researching options to assist the Port in covering the 12.5% not covered under FEMA’s Public Assistance Program.
At the January 12, 2021, Florida Ports Financing Commission (FPFC) meeting, the FPFC agreed to issue Florida Ports Financing Commission Refunding Revenue Bonds, Series 2021 in order to refinance the Series 2011 Bonds. The savings realized by the refunding were deposited into the State of Florida’s Seaport Grant Program and funds were awarded to various Florida ports through the Florida Department of Transportation (FDOT). The Port of Pensacola’s allocation totaled $628,581 for waterside rehabilitations and $453,131 for landslide rehabilitations. As part of the application process, the Port requested that these allocations be used to fund any costs the Port would be responsible for covering as it relates to the Hurricane Sally Public Assistance projects approved by FEMA.
The Florida Ports Financing Commission in the fall of 2020 refinanced their series 19 bonds and, using a portion of those proceeds and the FSTED grant allocation process, has awarded the Port of Pensacola $453,131 for use for hurricane rehabilitation Landside projects. Additionally, these funds may also be used to satisfy the 12.5% FEMA match requirement for projects related to damage from Hurricane Sally. These funds may be used for any of the following Landside Hurricane Sally damages. 1) Rehabilitate port administration building damaged by hurricane generated storm surge and wave action; 2) Rehabilitate warehouses 1,4,5,6,8,9/10 damaged by hurricane generated storm surge and wave action; 3) Replace asphalt damaged by hurricane generated storm surge and wave action; 4) Rehabilitate on port rail damaged by hurricane generated storm surge and wave action. Additionally, obligated funds from FEMA Project Worksheets (PW) projects may be used to satisfy the local match.
PRIOR ACTION:
None
FUNDING:
Budget: $453,131 FDOT Seaport Grant Program
Actual: $453,131 Landside Rehabilitation Projects
FINANCIAL IMPACT:
Adoption of the supplemental budget resolution will appropriate the grant funds in the amount of $453,131. Any required grant match will be met with funds allocated by FEMA already budgeted in the Natural Disaster Fund.
LEGAL REVIEW ONLY BY CITY ATTORNEY: Yes
1/26/2022
STAFF CONTACT:
Kerrith Fiddler, City Administrator
Amy Miller, Deputy City Administrator-Administration & Enterprise
Clark Merritt, Port Director
ATTACHMENTS:
1) Grant Agreement No. 445548-1-94-02
2) Supplemental Budget Resolution No. 2022-021
3) Supplemental Budget Explanation No. 2022-021
PRESENTATION: No end