LEGISLATIVE ACTION ITEM
SPONSOR: D.C. Reeves, Mayor
SUBJECT:
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SUPPLEMENTAL BUDGET RESOLUTION NO. 2023-015 - PLAZA FERDINAND INTERLOCAL AGREEMENT DOWNTOWN IMPROVEMENT BOARD
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RECOMMENDATION:
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That City Council adopt Supplemental Budget Resolution No. 2023-015
A RESOLUTION AUTHORIZING AND MAKING REVISIONS AND APPROPRIATIONS FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 2023; PROVIDING FOR AN EFFECTIVE DATE:
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HEARING REQUIRED: No Hearing Required
SUMMARY:
The Interlocal Agreement between the City of Pensacola and Downtown Improvement Board details the roles and responsibilities between the two parties regarding the expansion of the Palafox Market within Plaza Ferdinand.
The Palafox Market provides an opportunity for local vendors to sell locally crafted goods, artwork, and foods to the general public and has become an important feature and amenity to those citizens visiting, living and working in the DIB district. The citizens of Pensacola and its visitors will benefit from expanding the Palafox Market to Plaza Ferdinand through increased patronage of commercial establishments such as restaurants, stores, cafes, and other facilities due to increased pedestrian traffic on Palafox Place and surrounding roadways, because of the addition of Palafox Market to Plaza Ferdinand. Palafox Market situated in Plaza Ferdinand will be designed to accommodate the maximum of eight-six (86) booths along the sidewalks contained within the Plaza and pedestrian traffic will be limited to those interior sidewalks.
To provide for adequate electrical capacity to accommodate for the Palafox Market expansion, the City and Downtown Improvement Board agree to reimbursement of City funding for upgrades to the Plaza Ferdinand electrical system. The upgrades will include full re-wiring of the entire electrical system, repairing all existing power pedestals, installation of at least seven (7) new power pedestals, and replacing existing fountain lights with new “in-fountain” color changing lights. The total cost for the upgrades is estimated at $90,000.00. The City will fund and oversee construction of the upgrades and submit a reimbursement invoice with all applicable receipts to the Downtown Improvement Board upon completion of the upgrades. The Downtown Improvement Board shall reimburse the City within 90 days of receipt of the reimbursement invoice at an amount of $50,000.00.
This item was submitted prior to the Downtown Improvement Board considering the Interlocal Agreement. The Downtown Improvement is scheduled to consider the Interlocal Agreement at its February 28, 2023 regular meeting.
PRIOR ACTION:
February 9, 2023 - City Council voted to approve Proposed Ordinance No. 07-23 on first reading.
February 23, 2023 - City Council adopted Ordinance No. 07-23 on second reading.
FUNDING:
Budget: $ 50,000.00 Downtown Improvement Board
40,000.00 Parks & Recreation Budget
$90,000.00
Actual: $ 90,000.00 Estimated Upgrades - Plaza Ferdinand
FINANCIAL IMPACT:
Adoption of the supplemental budget resolution will appropriate the Downtown Improvement Board’s $50,000 contribution toward the upgrades at Plaza Ferdinand. The remaining $40,000 will be found within the Parks & Recreation’s Fiscal Year 2023 Operating Budget.
LEGAL REVIEW ONLY BY CITY ATTORNEY: Yes
2/28/2023
STAFF CONTACT:
Kerrith Fiddler, City Administrator
David Forte, Deputy City Administrator - Community Development
Adrian Stills, Parks and Recreation Director
Tonya Byrd, Assistant Parks and Recreation Director
ATTACHMENTS:
1. Supplemental Budget Resolution No. 2023-015
2. Supplemental Budget Explanation No. 2023-015
PRESENTATION: No end