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HomeMy WebLinkAboutExhibit - AgreementAMENDMENT NO. 1 TO JOINT PARTICIPATION AGREEMENT WITH DOWNTOWN DEVELOPMENT AUTHORITY DOWNTOWN MIAMI SIGNAGE AND WAYFINDING SYSTEM This AMENDMENT NO. 1 to the Joint Participation Agreement, dated October 18, 2013 (the "Agreement"), by and between the CITY OF MIAMI, FLORIDA, a municipal corporation of the STATE OF FLORIDA (hereinafter referred to as "City"), and the MIAMI DOWNTOWN DEVELOPMENT AUTHORITY, a public -private non-profit business organization of the City (hereinafter referred to as "DDA"), for the Downtown Wayfinding Signage System, Project B-30941 ("Project") is entered into this day of , 2015. RECITALS WHEREAS, both parties herein wish to facilitate the construction of signage and wayfinding improvements, within both the City and DDA limits, hereinafter referred to as the "Project," described as follows: The Project scope includes, but is not limited to: new vehicular, pedestrian, and parking wayfinding signage, and improvements to the public right-of-way, such as the removal of repetitive and aging signs, and the installation of district gateway and destination signs. WHEREAS, the City and the DDA wish to enhance the signage and wayfinding system for motorists, pedestrians, bicyclists, and transit users within the Downtown Miami area; and WHEREAS, the City and the DDA applied for and were awarded a federal grant in the amount of $1,000,000.00 from the Florida Department of Transportation for the construction of the Project; and WHEREAS, in the Agreement, the DDA supported the City's efforts by providing funding in an amount not to exceed $150,000.00 towards the Project; and WHEREAS, the DDA now wishes to increase its contribution of funds towards the Project by an amount not to exceed $350,000.00 for an aggregate total contribution of $500,000.00 towards the Project; and WHEREAS, the City Commission has adopted Resolution No. to accept the additional contribution of funds towards the Project, in an amount not to exceed $350,000.00; NOW, THEREFORE, in consideration of the foregoing, the parties hereby amend the Agreement as follows: 1 1. Article 2.3. Construction Administration and Inspection The City shall exercise all responsibilities of the owner under the construction contract, including construction administration and inspections. The City may delegate this function to an authorized agent or Construction Engineering Inspection consultant. The City will allow the DDA access to the site for review and observation during construction. The DDA will assist the City in preparation of the final punch list and close-out of the Project. The costs associated with the construction administration and inspection(s) for the Project shall be borne by the DDA on a reimbursement basis. The DDA shall reimburse the City for the construction administration and inspections costs incurred for the Project upon the completion and close-out of the Project, at a fee not to exceed fifteen percent (15%0) of the total construction costs for the Project 2. Article 3.3. Funding Amount: The DDA agrees to provide funds for the Project in the not to exceed amount of 8-1-50,000 Five Hundred Thousand Dollars ($500,000.00), for eligible expenses, as defined herein, incurred by the City for the construction of the Project. The DDA shall disburse finds to the City for the Project on a reimbursement basis. The DDA shall incur no liability for any costs in excess of said funding amount unless there has been a duly authorized increase approved by the DDA Board of Directors. The not to exceed amount of S15 nn shall in a not to ex fee of nn more n 5 paid }n }he T� , .. 70—JT7'Gln7T �VCri r`iiITi�;1TIVfG- l0-CTG Project. The costs associated with the construction, administration and inspection(s) for the Project shall be borne by the DDA on a reimbursement basis. The DDA shall reimburse the City for the construction, administration, and inspection(s) costs incurred for the Project upon the completion and close-out of the Project at a fee not to exceed fifteen percent (15%) of the total construction costs for the Project. 3. Article 4, Eligible Expenses: The parties agree that only the construction administration expenses incurred by the City that are directly related to the Project, and specifically identified in Exhibit "A," are eligible expenditures for DDA's funding, and documentation will be made available to substantiate expenditures in the form of approved invoices, verified payment requests, documented journal entries, and/or check vouchers, at the request of the DDA. 2 4. The "Exhibit A REVISED" attachment hereto, which by this reference is incorporated into the Agreement, shall replace the original Exhibit "A" attachment from the Agreement. 5. All other terms and conditions of the Agreement are in operative force and effect and remain unchanged. IN WITNESS WHEREOF, the parties hereto set their hands and official seals the day and year first above written. ATTEST: MIAMI DOWNTOWN DEVELOPMENT AUTHORITY, BY ITS BOARD OF DI RECTORS BY: BY: Todd B, Hannon Alyce Robertson Clerk of the Board Executive Director THE CITY OF MIAMI, FLORIDA CITY OF MIAMI, a municipal corporation of the State of Florida (Affix City Seal) ATTEST: BY: BY: Todd B. Hannon Daniel J. Alfonso City Clerk City Manager APPROVED AS TO FORM AND APPROVED AS TO INSURANCE CORRECTNESS: REQUIREMENTS: BY: BY: Victoria Mendez, City Attorney Ann -Marie Sharpe, Director Risk Management Department EXHIBIT A - REVISED Miami Downtown Development Authority will reimburse the City of Miami for the construction administration expenses of the Downtown Miami Signage and Wayfinding System, Capital Project B-30941 with the following Project elements: • Construction of new vehicular, pedestrian and parking wayfinding signage, and improvements to the public right-of-way, such as the removal of repetitive and aging signs, and the installation of district gateway and destination signs. The project is bounded by the DDA limits (see attached Exhibit B). DDA Funding Amount: not to exceed $150,000.00 $500,000.00 4