HomeMy WebLinkAboutSummary Formu� AGENDA ITEM SUMMARY FORM
FILE ID • d 0 1p %a
Date: 6/1/2009 Requesting Department: Public Works Law Department
Commission Meeting Date: 7/9/2009 District Impacted: 2 Matter ID No.
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Resolution authorizing Amendment No. 1 to the Locally Funded Joint Participation Agreement with
the Florida Department of Transportation ("FDOT") for the construction of certain roadway enhancements
along_Biscayne Boulevard.
Purpose of Item:
A Resolution of the Miami City Commission, with attachment(s), authorizing the City Manager to
execute Amendment No. 1, in substantially the attached form, to the Locally Funded Joint
Participation Agreement with the Florida Department of Transportation ("FDOT"), for the
construction of certain roadway enhancements along Biscayne Boulevard, Miami, Florida, in order to
modify the financial provisions in Section 3(e) of the agreement to allow FDOT to keep any interest
accumulated in the escrow account to be applied to any shortfall in project funding.
Background Information:
On June 14, 2007, the City Commission adopted Resolution No. 07-0361 authorizing the Locally'
Funded Joint Participation Agreement with FDOT for the construction of roadway enhancements !I
along Biscayne Boulevard in an amount not to exceed $219,000. The lowest responsive bidder's unit
price for the enhancements was significantly higher than the projected $219,000. FDOT agreed to
cover the additional cost. It is in the best interest of the City to amend the Agreement to allow FDOT
to keep any interest accumulated in the escrow account to be applied to any shortfall in project,
Budget Impact Analysis
NO Is this item related to revenue?
NO Is this item an expenditure? If so, please identify funding source below.
General Account No.-
Special
o:Special Revenue Account No:
CIP Project No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
CIP t-� I K
If using or receiving capital funds
Grants
Chief
Final Approvals
Budget
Risk Management
Dept. Direct
City Manager