C7P - Approve Fdot Utility Work and Easement Agreements

A Resolution Of The Mayor And City Commission Of The City Of Miami Beach, Florida, Approving, In Substantial Form, A Utility Work By Highway Contractor Agreement And A Three Party Escrow Agreement With The Florida Department Of Transportation (fdot), Attached To This Resolution As Composite Exhibit "1," To Construct Water Main System Improvements And Adjustments To The City-owned Utilities Located Along Fdot's State Road A1a/collins Avenue, From 44th Street To The 4700 Block, And Indian Creek Drive From 41st Street To 44th Street (city's Improvements), With An Initial Estimated Construction Cost Of $3,468,095.00, Subject To Receipt Of The Official Estimate From Fdot; And Authorizing The Administration To Deposit With Fdot The Initial Estimated Construction Cost For The City's Improvements Pursuant To The Escrow Agreement; And Should Additional Funds Be Required Pursuant To The Official Estimate, Authorizing The Administration To Pay Said Additional Funds Pursuant To The Escrow Agreement, Subject To Funding Availability; Provided, However, That Any Increases To The Construction Costs Exceeding $100,000.00 Shall Require The Prior Approval Of The City Commission; And Further Authorizing The City Manager To Finalize And Execute The Agreements.