Title
A Resolution Of The Hollywood, Florida Community Redevelopment Agency ("CRA"), Relating To Phase II Construction Services For The Phase IV - Undergrounding Of Overhead Utilities And Streetscape Beautification At State Road A1A From Hollywood Boulevard To The Southern City Limits, And The Florida Department Of Transportation Resurfacing Restoration And Rehabilitation At State Road A1A From Monroe Street To Seacrest Parkway; Correcting Certain Dollar Amounts Contained In Resolution No. R-CRA-2024-30.
Strategic Plan Focus
Infrastructure & Facilities
Body
Staff Recommends: Approval of the attached Resolution.
Explanation:
On July 3, 2024, the CRA Board passed and adopted Resolution No. R-CRA-2024-30, subsequently discovering certain incorrect amounts in the Resolution. The mistake stemmed from entering the amount of $1,373,553.00 instead of the correct amount of $1,303,168.34.
By entering the correct amount of $1,303,168.34 on to the original first GMP of $48,277,581.36, (i) the initial amount of $49,651,133.36 shall be corrected to $49,580,749.70; (ii) adding the Phase II Construction Services GMP amount of $26,525,180.55 increases the amendment amount to a total Guaranteed Maximum Price of $76,105,930.25 instead of $76,176,313.91.
Fiscal Impact:
There is a positive fiscal impact given that the correct amount of $1,303,168.34 is less than the amount shown on the approved resolution.
Recommended for inclusion on the agenda by:
Jorge Camejo, Executive CRA Director