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HomeMy WebLinkAboutSummary FormAGgNDA ITEM SUMMARY FORM L Fti..�, FILE ID: Linz. u ,12/2007 Commission Meeting Date: 04/12/2007 Requesting Department: Public Works District Impacted: All Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item ❑ Other Subject: Resolution authorizing the City to enter into an Interlocal Agreement for the repayment of FEMA Funded Stormwater Drainage Projects between the City of Miami and Miami -Dade County Purpose of Item: This resolution authorizes the City Manager to enter into an Interlocal Agreement ("Agreement") between the City of Miami and Miami -Dade County for FEMA Funded Stormwater Drainage Projects. Specifically for the completion of the dredging of the Comfort Canal. The Agreement establishes a reimbursement plan for the local match which the County spent on the City's behalf. The City's Cost Share of ninety-two percent (92%) is $431,742 with a two percent (2%) Management Fee based on the City's share of the Current Estimated Cost and is $69,079. The grand total to be paid to the County is $500,821, plus interest (interest rate equivalent to the annual average, based on monthly totals set by the Miami -Dade County Finance Department). This amount is to be paid in two installments with the first payment being released on or before September 30, 2007 and the second and final payment being released on or before September 30, 2008. Funds are being allocated from Capital Improvements, Project B-30534. Background Information: On December 4, 2004, the Department of Environmental Resources Management (DERM) transmitted a draft Interlocal Agreement between the County and the City for the FEMA Funded Project on the Comfort Canal. The project was completed last year (2005), after which DERM provided a fmal cost update to the City on December 12, 2005. At this time, the County is requesting that the City enter and complete the Agreement so that the County can recoup the funds which it has already spent on the City's behalf, under the Local Share of named project. The Comfort Canal services the C-5 Drainage Basin area by lowering the watertable which allows for a greater aquifer drainage and storage interaction during rainfall events and minimizes the possibility of localized street flooding even in areas serviced by exfiltration systems (no direct discharge areas). Hence, improved conveyance of the Comfort Canal due to the recent FEMA Funded Project benefits the entire basin area depicted on the attached map as Attachment "A" of the Interlocal Agreement. Budget Impact Analysis NO Is this item related to revenue? YES Is this item an expenditure? If so, please identify funding source below. General Account No: Special Revenue Account No: Purchasing Chief t j",7fi-/ (Q\ANVYAt City Manager CIP Project No: B-30534 NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: 0.00 Maintenance Cost: Total Fiscal Impa • $500.821 (plus interest) Final Approvals / 'SIGN AND DATE], CIF I . f •�" Budget ` r,1 �i►•A gw lti,^�. g115jo'7 If usin+ or receiving capital funds 'n Grant Risk Management 'I Trek MOVIRPOI I Dept. Director