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Florida Power& Light Company, 700 Universe Blv.,Juno Beach, FL 33408-8248 <br /> FPL <br /> December 7, 2007 <br /> Mr. Jorge Vera <br /> Assistant City Manager <br /> City of Sunny Isles Beach <br /> 18070 Collins Avenue <br /> Sunny Isles Beach, FL 33160 <br /> Re: City of Sunny Isles Beach— Overhead to Underground Conversion Project <br /> Phase 1 - Collins Ave. Si Terracina Ave. <br /> \VR#2842355 <br /> Dear Mr. Vera: <br /> FPL welcomes the opportunity to assist you in determining if underground service is right for your <br /> area. As per your request, we have completed a binding cost estimate for the Collins Ave. & <br /> Terracina Ave. —Phase I project. The binding estimate amount, known as the Contribution In Aid of <br /> Construction (CIAC), required for convening the area to underground is $348,329.00. This amount is <br /> based on the enclosed design. In addition, the cost estimate includes a more than $274,000 <br /> adjustment credit for both FPL's new Government Adjustment Factor (G.A.F.) waiver and as <br /> required in the CIAC formula, tariff Section 12.1, credit for an equivalent overhead system designed <br /> at the current hardened (i.e. extreme wind) standard. Further the cost assumes the following: <br /> • Rapid trench construction (e.g. no temporary or permanent patching of the roadway, or <br /> replacement of traffic loops) <br /> • All work will be performed during the daylight hours <br /> • Maintenance of Traffic (MOT) — Standard MOT - $75,060.00 allocation. Because MOT <br /> requirements are not in FPL's control, any MOT costs exceeding that presented above. FPL <br /> would require the City to reimburse FPL for any additional MOT costs beyond the standard <br /> charges that FPL reasonably and necessarily incurs to respond to directions from the City or <br /> any other body having authority over the traffic and/or public safety on roads within the <br /> City. <br /> This binding cost estimate is valid for 180 days and a response must be received within that <br /> timeframe. Should you agree to move forward with the project, please sign and return the enclosed <br /> documents. Once we receive the acceptance package (e.g. partially executed documents), we will <br /> commence the construction process (i.e. initiate bid requests and material purchasing). Any deposits <br /> that you have already paid will be applied towards the CIAC and you must pay the remaining <br /> difference of 5325,649.00 before we begin construction. However, if you choose to cancel your <br /> request or not respond in time, your engineering deposit will not be returned and the estimate will be <br /> withdrawn. <br /> an FPL Group company <br />