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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 />cost shall be borne by the Board. The Board's share of the project cost shall be <br />contributed to the City based on the payment schedule set forth in Attachment <br />"B", if Option A. is exercised by the Board. Under said Option A, it is further <br />agreed by the Patties that the Board shall have the right but not the obligation to <br />satisfy its contribution obligations, in whole or in part, under this Agreement <br />earlier than contemplated, or to otherwise accelerate such contributions, without <br />incurring penalties or other fees. <br /> <br />City - The City's share of the project cost shall be a not-to-exceed amount of $2 <br />million. <br /> <br />Notwithstanding the above, if the total project cost is less than $4 million, each of <br />the Parties shall share equally in the cost reduction. <br /> <br />D. Project Desi2n and Construction: <br /> <br />The Board shall be responsible for design and construction of the Project, <br />including commissioning of a design professional and award of construction <br />contract, all in accordance with all state governing laws and regulations, as they <br />pertain to public schools. Additionally, the Board shall design and build the <br />Project in accordance with all applicable state regulations and codes in place at <br />the time of design and construction, specifically as they peltain to public school <br />facilities. The Board shall also be responsible for the Project's site plan review, <br />permitting and inspection activities, as provided by state law governing public <br />schools. <br /> <br />The Board agrees to engage the City during the design and construction <br />processes, by inviting the City to participate in progress reviews during the design <br />stage and in construction meetings during construction. The Board also agrees to <br />have School District designated staff provide to the City Commission or its <br />designee a courtesy presentation on the overall conceptual site plan, once same is <br />developed. A copy of the conceptual site plan shall be provided to the City ten <br />calendar days prior to the scheduled courtesy presentation. <br /> <br />E. Timin2 of Construction: <br /> <br />The Board agrees that it will achieve substantial completion of the Project in time <br />for the 2013-2014 school year. <br /> <br />Section 4. <br /> <br />Additional K-8 Operational Improvements. <br /> <br />A. <br /> <br />Additional School Zone Signage - The Parties agree that school zone signage, <br />appropriately located and in sufficient quantity, is paramount to student safety. <br />As such, the Parties agree to collaborate on the installation of new school zone <br />signage in the vicinity of the K-8, generally in conformance with Attachment <br />"C", or as may be modified upon further review by the Parties, including sharing <br /> <br />3 <br /> <br />\: ' <br />vlB <br />