HomeMy WebLinkAboutSummary FormDate: 2/04/2016
AGENDA ITEM SUMMARY FO t�M
FILE ID: 16-00163
Requesting Department: Public Works
Commission Meeting Date: 3//11/16 District Impacted: 3
Type: VI Resolution Ordinance n Emergency Ordinance ❑ Discussion Item
n Other
Law Department
Matter ID No.
Subject: A Resolution authorizing the City Manager to execute a Three Party Escrow Agreement with
the State of Florida Department of Transportation ("FDOT") and the State of Florida, Department of
Financial Services, Division of Treasury for the transfer of funds needed from the City of Miami to the
State for the installation of 19 decorative street light poles on SW 1st Street from SW 22 Avenue to SW
17 Avenue.
Purpose of Item:
A Resolution authorizing the City. Manager to execute a Three Party Escrow Agreement with the
Florida Department of Transportation (FDOT) and the State of Florida, Department of Financial
Services, Division of Treasury for the transfer of funds in the amount of $133,000 needed for the cost
of new additional decorative street lights to be installed on SW 1st Street between SW 22 Avenue and
SW 17 Avenue as part of the FDOT's SW 1st Street (SR 968) reconstruction project FM 414633-2.
Background Information:
Currently decorative street light poles exist along SW 1 Street (SR 968) from SW 17 Avenue to the
east limits of the state road. This agreement will allow the City to fund the cost differential between
standard roadway lighting and decorative street light poles. The Florida Department of Transportation
will be reconstructing SW 1st Street and as part of the project the roadway lighting will be replaced.
Standard lighting (Aluminum poles) cost $5,000 each and the proposed decorative light poles cost
$12,000 each. The total estimated cost differential of $133,000, ($7,000 per pole) for the nineteen
poles was included in the Public Works Department 2016 Fiscal Year Budget. Once the FDOT
contract is bid the final cost may exceed the estimated differential and the City would incur additional
cost.
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: 13000.201000.449000.0000,
CIP Project No: B-30439
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
CIP N/A
$133,000
$133,000
Final Approvals
(SIGN AND DATE)
Bud
If using or receiving capital funds
Grants N/A Risk Managem
Purchasing N/A Dept. Directo
Chief
F 2 J4) l G City Manager
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