SR 429WEKIVA PARKWAY Orange County Commission Presentation December

SR 429/WEKIVA PARKWAY Orange County Commission Presentation December 20, 2011 by Noranne Downs, P. E. FDOT D 5 Secretary

Project Description • The Wekiva Parkway project constructs 25 centerline miles of new toll expressway. It also constructs an additional $500 million of non –toll road improvements including Ø Construction of 7 miles of 4 and 6 -laning of SR 46 in Lake and Seminole Counties Ø Reconstruction of the US 441/SR 46 interchange in Mount Dora Ø Relocation of CR 46 A to provide improved wildlife connectivity and additional local road system benefits • Provides connectivity to SR 417 and I-4 corridors

Wekiva Parkway <4> Seminole County 4 <4 < > <6> > M ile s 4. 9 M Expressway Arterial < x > Number of Lanes Both Directions 5. 0 Miles <4> 5. 9 iles Lake County Orange County 9. 4 Miles <6>

Tolled/Non-Tolled Segments CR 46 A Realignment Seminole County SR 46 Six-Laning US 441/SR 46 Interchange Redesign Lake County SR 46 Six-Laning Service Road Orange County Frontage Roads

Early Acquisitions Pine Plantation (Acquiring) Wekiva Mitigation Bank 1 Silvestri/Silco Neighborhood Lakes 2 Pine Plantation Stanton Ridge 1 Wekiva Parkway R/W acquired, remaining portions of parcel are a perpetual conservation easement. 2 Joint purchase by OOCEA and other partners.

Ultimate 6 Lane Expressway with Frontage Roads 6

Why Now? • Multiple partners guarantees “finishing the beltway” will be accomplished. • It will give Central Floridians another “choice” of transportation. • Secretary Prasad took the lead as a commitment “to be able to” do a design build by Fall 2012 to “start” the important project, pending approvals. 7

Funding Partners • Florida Department of Transportation District 5 • Florida’s Turnpike • Orlando Orange County Expressway Authority Currently working on finalizing agreement between OOCEA and FDOT

Proposed Partnership Funding Percentages for discussion purposes only. Final percentages subject to financing assumptions

FDOT/OOCEA Agreement in Principle FDOT • Seminole County – Section 7 A, 7 B & 8 • Lake County – Section 3 A, 3 B, 4 B, 5 & 6 • Orange County – Section 4 A OOCEA • Orange County – Section 1 A, 1 B, 2 A, 2 B • Lake County – Section 2 C

Project Construction Sections T F A DRAFT R D 11

FDOT/OOCEA Agreement in Principle For each agency’s respective section they will: – Perform Final Design – Construct – Finance – Operate – Maintain – Collect Tolls – Keep all toll revenue

FDOT/OOCEA Agreement in Principle $235, 000 OOCEA Debt Repayment to begin in FY 2013 • $10, 000 in FY 2013 • $20, 000 annually from FY 2014 – 2024 • Remaining balance paid in FY 2025

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Project Status Environmental Document • Reevaluation of Noise Walls (recent new criteria) • Finding of No Significant Impact expected by the end of 2011

Project Status Design • 15% preliminary engineering currently being performed by FDOT. – Identifying Right of Way Requirements – Value Engineering – Risk Assessment • Final design for all segments can begin as early as July 2012

Project Status Construction • Construction anticipated Fall 2012 in portion of Orange and Lake County (4 A & 4 B) • Wekiva Parkway Complete Fall 2021 • Revenue can be started by Jan 2015 (initial operating section)

QUESTIONS?