C7O - Approve Alton Rd Agreements

A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING AND AUTHORIZING THE CITY MANAGER AND CITY CLERK TO EXECUTE THE FOLLOWING AGREEMENTS AS PART OF THE FOOT'S STATE ROAD 907/ALTON ROAD RECONSTRUCTION PROJECT (FPID 429193-1-52-01), FROM MICHIGAN AVENUE TO 43RD STREET (ED SULLIVAN DRIVE): (1) A LOCALLY FUNDED AGREEMENT ("LFA") FOR THE CONSTRUCTION OF A PEDESTRIAN AND BICYCLE SHARED-USE PATH ALONG THE EAST SIDE OF ALTON ROAD, FROM MICHIGAN AVENUE TO CHASE AVENUE, ABUTTING THE MIAMI BEACH GOLF COURSE, INCLUDING MODIFICATIONS TO THE GOLF COURSE IRRIGATION SYSTEM AND ADJACENT PARKING LOT CONFIGURATION, FOR A TOTAL ESTIMATED CONSTRUCTION COST OF $1,400,000.00; AND (2) A UTILITY WORK BY HIGHWAY CONTRACTOR AGREEMENT ("UWHCA") FOR THE REPLACEMENT AND UPGRADES OF THE CITY-OWNED WATER AND SEWER SYSTEMS ALONG ALTON ROAD, FROM MICHIGAN AVENUE TO CHASE AVENUE, WITH AN INITIAL ESTIMATED CONSTRUCTION COST OF $19,817,695.00; AND FURTHER, AUTHORIZING THE CITY TO DEPOSIT THE TOTAL AMOUNT DUE UNDER SAID AGREEMENTS ($21,217,695.00), ON OR BEFORE MARCH 2, 2026, IN ACCORDANCE WITH THE PREVIOUSLY APPROVED THREE PARTY ESCROW AGREEMENT.