22CF0003690-1.pdf

This document is an Amendment No. 1 to a Cooperative Funding Agreement between the Southwest Florida Water Management District and the City of St. Petersburg for a stormwater drainage improvement project. The project consists of 60% design plans, third-party review, and construction of stormwater improvements for the neighborhood west of 4th Street North between 50th Avenue North and 54th Avenue North canal. The project aims to reduce existing flooding problems during a 100-year, 24-hour storm event by implementing low impact development (LID) techniques and increasing stormwater conveyance capacity through enlarged conduits. The project is scheduled to commence on October 1, 2021, with various phases including design package, third-party review, and construction, with a final completion date of August 14, 2025.

The total project budget is $6,216,690, with the Southwest Florida Water Management District contributing $2,728,500 and the City of St. Petersburg (Cooperator) providing a matching fund of $3,488,190. The funding is categorized into different components including third-party review, property acquisition, construction, and construction engineering and inspection. The project is designated as a Type 3 risk level with an effective date of October 1, 2022, and an expiration date of March 1, 2026. Land acquisition costs are set at $300,000, and the project is subject to the Florida Single Audit Act, with the Cooperator being a subrecipient of state financial assistance and potentially subject to audits and monitoring.