SUBJECT/RECOMMENDATION:
Title
Approve the First Amendment to the Cooperative Funding Agreement (CFA) between Southwest Florida Water Management District (SWFWMD) and the City of Clearwater for the Groundwater Replenishment Project, and authorize the appropriate officials to execute same. (consent)
Body
SUMMARY:
December 17, 2015, City Council approved the CFA between SWFWMD and the City for the Groundwater Replenishment Project, providing 50% reimbursement of the project cost up to a maximum of $14,340,000
The agreement requires that the 30% Design of the project be reviewed by a third party to validate the design criteria and engineering estimates of construction. The Third Party Review was completed in July of 2016. There was an increase in the engineering estimate at the 30% design. SWFWMD approved of the Third Party Review and the increase in cost at their Board Meeting in September of 2016.
This amendment provides for an increase of reimbursement from SWFWMD of 50% with a maximum in the amount of $2,018,000 for the total project cost of $32,716,000 and total SWFWMD reimbursement up to $16,358,000 maximum in accordance with the latest engineering estimate.