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RESOLUTION NO. 2017- Z aciS <br /> A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF <br /> SUNNY ISLES BEACH, FLORIDA, APPROVING AN ECONOMIC <br /> DEVELOPMENT TRANSPORTATION PROJECT FUND <br /> AGREEMENT WITH THE FLORIDA DEPARTMENT OF <br /> TRANSPORTATION ("FDOT") FOR THE NORTH BAY ROAD <br /> EMERGENCY/PEDESTRIAN BRIDGE, IN AN AMOUNT OF FIVE <br /> HUNDRED THOUSAND DOLLARS ($500,000.00), IN <br /> SUBSTANTIALLY THE SAME FORM ATTACHED HERETO AS <br /> EXHIBIT "A"; AUTHORIZING THE MAYOR TO EXECUTE SAID <br /> AGREEMENT; AUTHORIZING THE CITY MANAGER AND CITY <br /> ATTORNEY TO DO ALL THINGS NECESSARY TO EFFECTUATE <br /> THIS RESOLUTION; PROVIDING FOR AN EFFECTIVE DATE. <br /> WHEREAS, the Florida Department of Transportation ("FDOT") has grant funding <br /> available through the Fiscal Year 2016-17 General Appropriations Act, Chapter 2016-66, Laws <br /> of Florida, that provides the Agency with an appropriation of Five Hundred Thousand Dollars <br /> ($500,000.00) from the amount in Specific Appropriation 1906, Economic Development <br /> Transportation Projects for North Bay Road Emergency/Pedest.ian Bridge; and <br /> WHEREAS, on December 15[11, 2016 the City Commission adopted Resolution No. <br /> 2016-2648 approving an Economic Development Transportation Project Fund Agreement. in <br /> substantially the same form, with FDOT; and <br /> WHEREAS, FDOT revised the initial terms of the agreement, requiring Commission re- <br /> approval; and <br /> WHEREAS, this Agreement provides conditions necessary for the release of the funds <br /> appropriated to the Agency by Chapter 2016-66, Laws of Florida, and the Agency is prepared to <br /> complete the Project at an estimated total cost of$1,796,673.45; and <br /> WHEREAS, FDOT is prepared to provide $500,000.00 under Financial Project Number <br /> 439414-1-54-01 toward the total cost of the Project as set forth in the Agreement and the <br /> Schedule of Funding; and <br /> WHEREAS, the term of this Agreement shall commence upon full execution by both <br /> parties and continue through December 1, 2018; and <br /> WHEREAS, the City Commission approve the Economic Development Transportation <br /> Project Fund Agreement between the City and FDOT, for the North Bay Road <br /> Emergency/Pedestrian Bridge Project, in an amount of Five Hundred Thousand Dollars <br /> ($500,000.00), attached hereto, in substantially the same form, as Exhibit"A". <br /> _ NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE <br /> CITY OF SUNNY ISLES BEACH, AS FOLLOWS: <br /> R2016- FDOT Agmt Ped/Emer Bridge Page 1 of 2 <br />