C7J - Approve Fdot Funding Agreement

A Resolution Of The Mayor And City Commission Of The City Of Miami Beach, Florida, Approving, In Substantial Form, The Third Amended Funding Agreement Between The Florida Department Of Transportation (“fdot”) And The City For Roadway And Drainage Improvements Being Designed, Developed And Constructed By The City Along Indian Creek Drive, From 26st street To 41st street (the “project”); Said Agreement Incorporating The Relocation Of An Emergency Pump Station Generator Within The Scope Of The Agreement, At A Cost Of $1,101,389.00, Increasing The Total Project Budget To $38,601,389.00; And Establishing Each Party’s Share Of The Costs, By Increasing Fdot’s Participation By $367,130.00, From $28,250,000.00 To The Maximum Participation Of $28,617,130.00; And Increasing The City’s Participation By $734,259.00, From $9,250,000.00 To A Maximum Participation Of $9,984,259.00; And Further Authorizing The City Manager To Finalize And Execute The Agreement.