APPROVE A SURTAX FUNDING AGREEMENT FOR CITY ELIGIBLE MUNICIPAL REHABILITATION AND MAINTENANCE PROJECTS WITH BROWARD COUNTY IN THE AMOUNT OF $722,605; PROVIDING FOR A FORMULA-BASED FUNDING MODEL FOR R&M PROJECTS AND ON-DEMAND TRANSPORTATION PROJECTS; PROVIDING FOR AN EFFECTIVE DATE. — R&M-MT MARG FY2026 SFA FINAL — Regular City Commission Meeting (2026-04-15)

AI Summary

Broward County and the City of Margate entered into a Surtax Funding Agreement on March 19, 2026, allocating $722,605 in formula-based surtax funds to the City for fiscal year 2026. The funding will be used for the project "Milling and Resurfacing, Curbs, Gutters, and Sidewalks" (Map ID RMMARG-005), which the City requested to fully implement. The agreement establishes standard terms and conditions governing how the City must manage the project, including procurement requirements, compliance certification, municipal accounting, and County oversight procedures.