Reso 2016-2650 - Laserfiche WebLink

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RESOLUTION NO. 2016- 2,6,50 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF SUNNY ISLES BEACH, FLORIDA, APPROVING A PAYMENT TO FLORIDA POWER AND LIGHT (FPL), IN AN AMOUNT NOT TO EXCEED FOUR HUNDRED SEVENTY- SEVEN THOUSAND SEVENTY-TWO DOLLARS ($477,072.00) FOR THE COLLINS AVENUE OVERHEAD UNDERGROUNDING CONVERSION PROJECT FROM 17275 TO 17555 COLLINS AVENUE, ATTACHED HERETO AS EXHIBIT "A"; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO EFFECTUATE THIS RESOLUTION; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City is currently proceeding with the Collins Avenue Overhead Undergrounding Conversion Project; and WHEREAS, this work is moving in advance of the balance of the Sunny Isles Beach Conversion Project to facilitate the removal of overhead services which are the responsibility of developments along Collins Avenue specifically "Sole on the Beach" and "Chateau Beach Residences"; and WHEREAS, in lieu of the individual projects completing a temporary undergrounding, Sunny Isles Beach staff was able to negotiate with FPL, Atlantic Broadband, Comcast and ATT to expedite this portion of the conversion project; and WHEREAS, the current activity is handled in a different timeframe, a separate payment is required to facilitate this work, and the two (2) properties mentioned have deposited funds appropriate for their specific properties to compensate for a portion of the work involved, and the balance of the cost will be in the form of a reduction of the cost for the overall conversion project previously agreed to with FPL; and WHEREAS, this credit amount is currently being prepared by FPL, however due to the immediacy of the work, now anticipated to be completed by February 2017, two (2) years in advance of the overall project, Florida Power and Light (FPL) has submitted an invoice in the amount of Four Hundred Seventy-Seven Thousand Seventy-Two Dollars ($477,072.00), attached hereto as Exhibit"A", which needs to be satisfied as early as possible. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS: Section 1. Approval of Payment. The City Commission hereby approves the payment to Florida Power and Light (FPL), in an amount not to exceed Four Hundred Seventy-Seven Thousand Seventy-Two Dollars ($477,072.00), for the Collins Avenue Overhead Undergrounding Conversion Project from 17275 to 17555 Collins Avenue, attached hereto as Exhibit"A". R2016-FPL Payment for Undergrounding Conversion Page I oft