R7K - Approving, in Substantial Form, Amendment No

A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING, IN SUBSTANTIAL FORM, AMENDMENT NO. 2 TO THE AGREEMENT DATED APRIL 16, 2019, BETWEEN THE CITY AND TRANSCORE ITS, LLC, PURSUANT TO REQUEST FOR PROPOSALS (RFP) NO. 2016-199-KB FOR THE DESIGN, BUILD, OPERATION, AND MAINTENANCE SERVICES FOR AN INTELLIGENT TRANSPORTATION AND SMART PARKING SYSTEM ("ITS/SPS" OR PROJECT"); SAID AMENDMENT (1) APPROPRIATING FUNDING FOR PHASES 3 THROUGH 6 OF THE PROJECT, TO INCLUDE THE REMAINING CORRIDORS AND INSTALLATION OF ADDITIONAL DEVICES CITYWIDE, IN THE AMOUNT OF $7,502,842.60, INCLUSIVE OF A 10% CONTINGENCY, THEREBY INCREASING THE TOTAL CONTRACT AMOUNT FOR DESIGN AND CONSTRUCTION OF PHASES 1 THROUGH 6 FROM $12,904,661.17 TO $20,407,503.77; AND (2) INCREASING THE GUARANTEED MAXIMUM PRICE ("GMP") FOR DESIGN, CONSTRUCTION, OPERATION AND MAINTENANCE OF THE PROJECT DURING PHASES 1 THROUGH 6 FROM $25,000,000 TO $31,130,482.11; AND FURTHER AUTHORIZING THE CITY MANAGER TO EXECUTE THE AMENDMENT AND SUBSEQUENT RELATED SERVICE ORDERS, SUBJECT TO FUNDING APPROVAL AS PART OF THE SEVENTH AMENDMENT TO THE FY 2024 CAPITAL BUDGET AT THE JUNE 26, 2024 CITY COMMISSION MEETING.