The GIBA quarterly board meeting was held on Wednesday, April 24, 2017 in the Woman’s Club Room at the Boca Grande Community Center.
The executive director’s report included traffic and revenue figures for the first two quarters of 2017.
Traffic counts were flat compared to last year, with a corresponding one-percent revenue decrease in cash sales.
Bridge pass sales were up by five percent.
For the second quarter of fiscal year 2017, bridge openings were down an average of 11 percent from the same period in fiscal year 2016.
Executive Director Kathy Banson-Verrico reported that the new GIBA maintenance boat was purchased at the end of February, and the cost for the boat and trailer was $8,500. The old GIBA boat and trailer were fully depreciated and sold for $2,500.
A new toll gate and arm were installed in lane three in March, and gates for the other two lanes are currently on order. Maintenance projects requiring lane closures are being planned for completion during the reduced-traffic summer months.
The replacement contract for the new truck scale was awarded today to Fairbanks Scales, with an estimated start date of June 2017.
Information on temporary lane policies will be distributed to carriers a month in advance. Staff is also in the process of completing engineered drawings for the repair of the toll booth roof. After the drawings are complete, they will be advertised to solicit bids from contractors for the repair. The goal is to have the work done before the start of next season.
Engineering Chairman Peter Strong and GIBA staff have been working on a remediation plan for the noise issue with pinion girder movement that was identified during the FDOT inspection last October.
The plan detailed by swing bridge designer Hardesty and Hanover Inc. with the concurrence of the consulting engineers and GLF Construction will require that Seacoast Inc. (the original machinery installer) provide the remediation at a cost of $18,950.
The work will require a seven-day channel closure with a start date set for August 7, pending Coast Guard approval.
As reported in the past, this movement issue does not affect the safety or operational stability of the bridge.
Finance Chairman Drew Tucker reviewed the fiscal year 2017 second-quarter financial statement. The cash position remains strong as reserves are being accumulated for an initial prepayment on the SunTrust Bank loan at the end of this summer. GIBA remains in a strong financial position and is meeting all required loan covenants. Revenue is up four percent vs. budget, and expenses are down 16 percent. Staff is currently working on a draft request for proposal for a new toll system.
The GIBA board voted to include data-collecting equipment and software for an upgraded security camera system that captures and stores vehicle identification information traveling in both directions through the toll collection area in the RFP. The RFP is expected to be reviewed and approved for distribution at the June 28th board meeting.
The GIBA board voted to distribute RFP2017-02 Professional Engineering and Consulting Services. Qualified respondents will be added to GIBA’s list of approved engineers for future services.
The list of respondents will be reviewed at the June 28th board meeting.