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Florida Power&Light Company,2455 Port West Blvd.,West Palm Beach, FL 33407 <br /> FPL <br /> May 16, 2017 <br /> Mr. Paul Abbott <br /> Project Manager <br /> City of Sunny Isles Beach <br /> 18070 Collins Avenue <br /> Sunny Isles Beach, FL 33160 <br /> Re: City of Sunny Isles Beach <br /> Electric Facilities Conversion <br /> Collins Ave.—N.E. 175 Ter. to Sunny Isles Blvd. <br /> Binding Cost Estimate <br /> WR# 4981986 <br /> Dear Mr. Abbott: <br /> FPL welcomes the opportunity to assist you in determining if underground service is right for <br /> your area. As per your request, FPL has completed a binding cost estimate for the project <br /> designated as the Collins Ave. Phase 1A Conversion project. The binding cost estimate <br /> amount, known as the Contribution In Aid of Construction (C.I.A.C.), required for <br /> converting the area to underground is $898,066.00. This estimate is based on the attached <br /> underground design and it includes the Vista switch technology as requested by the City. In <br /> addition, the cost estimate includes a more than $ 450,000 adjustment credit for both FPL's <br /> Governmental Adjustment Factor (G.A.F.) and as required in the C.I.A.C. formula, tariff <br /> Section 12.1, credit for an equivalent overhead system designed at the current hardened (i.e. <br /> extreme wind)standard. Further the cost assumes the following: <br /> • Method of Construction -Rapid Trench. <br /> • All work will be performed during the daylight hours, Monday through Friday, 8 <br /> A.M. to 5 P.M.. Any after hours work, e.g. disconnect / reconnect service <br /> appointments, would be an additional expense for the 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 <br /> enclosed documents. Once we receive the acceptance package (e.g. partially executed <br /> documents and C.I.A.C. payment), we will commence the construction process (i.e. initiate <br /> bid requests and material purchasing). Any deposits that you have already paid will be <br /> applied towards the C.I.A.C. and you must pay the remaining difference of $891,311.00 <br /> a NextEra Energy,Inc.company <br />