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<br />Interlocal Agreement by and between the City of Sunny Isles Beach, Florida, <br />and The School Board of Miami-Dade County, Florida <br /> <br />WHEREAS, the School Board of Miami-Dade County, Florida, authorized the execution <br />of this Agreement at its meeting of December 14, 2011, Board Action #115,383, and the City <br />Commission in turn authorized execution of this Agreement at its meeting of December 15, <br />2011. <br /> <br />NOW THEREFORE, in consideration of the terms and conditions, promises and <br />covenants hereinafter set forth, the Parties agree to and accept the responsibilities set forth in this <br />Agreement. <br /> <br />Section 1. <br /> <br />Recitals. <br /> <br />The above recitals are true and correct and are incorporated herein. <br /> <br />Section 2. Purpose. The purpose of this Agreement is to set forth terms and conditions <br />acceptable to the Parties for the financing and cost sharing of the design and construction of the <br />Addition, including a timeline for the project's implementation, as well as to define certain <br />operational improvements at the K-8, such as signage and additional Miami-Dade County Public <br />Schools ("School District") provided bus transportation for the K-8 students. As it relates to the <br />Project, the Parties agree that it shall be subject to and comply with all laws, codes, ordinances, <br />rules and regulations applicable to traditional public schools. <br /> <br />Section 3. Project Description. Subject to the terms and provisions of this Agreement, the <br />City and Board agree to the following: <br /> <br />A. Proposed K-8 Addition: <br /> <br />The Project shall consist of an addition over the existing K-8 cafeteria, to include <br />12 intermediate classrooms with individual restrooms, for an estimated 264 total <br />student stations, and walkway connectors between the Addition and the existing <br />School facility, as depicted in the conceptual site plan (Attachment "A"); <br /> <br />B. Project Cost Financin2: <br /> <br />The estimated total project cost is $4 million ("the Project Cost"), which includes <br />site work, design, construction and FF&E (Furniture, Fixtures and Equipment). <br />The Parties agree that the City shall either provide for the upfront funding of the <br />Project Cost, based on the terms and conditions set forth in Attachment "B", <br />Option A., or provide for funding for its contribution, up to $2,000,000, as <br />provided for in Attachment "B", under Option B., if said option is exercised by <br />the Board. The Parties further agree that the Board and the City shall share in the <br />project cost. The Parties cost responsibilities shall be as follows: <br /> <br />C. Cost Sharin2 Responsibilities: <br /> <br />Board - The Board's share of the project cost shall be $2 million, provided <br />however that any project cost overruns over and above the estimated $4 million <br /> <br />2 <br /> <br />s~ //:; <br />jJ <br />