HomeMy WebLinkAboutSummary FormAGENDA -ITEM -SUMMARY FORM
FILE ID: 15-01700
Date: 12/09/2015 Requesting Department: Public Works
Commission Meeting Date: 1/28/2016 District Impacted: ALL
Type: Z Resolution n Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ 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") for the transfer of funds needed from the
City of Miami to the "FDOT" for the decorative streetlights on SW 1st Street,
Purpose of Item:
A Resolution authorizing the City Manager to execute a Three Party Escrow Agreement 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 as part of the FDOT's SW 1st Street reconstruction project.
Background Information:
Currently decorative street light poles exist within the corridor and the additional 19 will be installed
to supplement the existing roadway lighting. 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 decorative
lighting (Aluminum poles) cost $5,000 each. The proposed decorative light poles cost $12,000 each.
The total for the nineteen poles is $133,000 was included in the Public Works Department 2016 Fiscal
Year Budget.
Budget Impact Analysis
NO Is this item related to revenue?
,-.Ny0 Is this item an expenditure? If so, please identify funding source below.
General Account No: -B 3=0439-
Special Revenue Account No: 20-650003
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:
Final Approvals
(SIGN AND DATE)
CIP N/A Budget ° J3
Risk age
Purchasing N/A wept. Director'
ChiefCity Manager
If using or receiving capital funds
Grants N/A
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