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2008-020
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2008-020
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Last modified
3/21/2016 11:20:53 AM
Creation date
10/1/2015 1:22:37 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
01/15/2008
Control Number
2008-020
Agenda Item Number
11.I.2
Entity Name
Florida Department of Transportation
Subject
Locally Funded Agreement Reconstruction and widening SR-60
Area
SR 60 from 82nd Ave. CR-609 to 66th Ave.
Supplemental fields
SmeadsoftID
8717
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0 <br /> ( D ) The payment of funds under this Agreement will be made : <br /> Directly to the DEPARTMENT for deposit and as provided in the Memorandum of <br /> Agreement (MOA) between PARTICIPANT , DEPARTMENT , and the State of Florida , <br /> Department of Financial Services , Division of Treasury , a copy of which is attached <br /> hereto as Exhibit " B " . <br /> NOTE : The MOA is a benefit to both the DEPARTMENT and the PARTICIPANT . <br /> Interest earned will be used for any additional costs of PARTICIPANT responsibility . <br /> Any unused funds , including interest , will be provided to the PARTICIPANT after the <br /> final accounting of the PROJECT has been performed . <br /> ( E ) The DEPARTMENT ' S obligation to pay any sum pursuant to this Agreement is <br /> contingent upon an annual appropriation by the Florida Legislature . <br /> 5 . In the event the PROJECT modifications or changes to bid items occur that increase or exceed <br /> the amount authorized in paragraph 4 , the PARTICIPANT will be notified by the <br /> DEPARTMENT . The PARTICIPANT agrees to provide , without delay , additional funding <br /> needed to complete the PROJECT by means of a Supplemental Amendment , to be signed by <br /> both parties before work is undertaken . The DEPARTMENT acknowledges and agrees that <br /> any additional funding provided by the PARTICIPANT shall be reimbursed in addition to the <br /> amount authorized in paragraph 4 , during the scheduled reimbursement . The DEPARTMENT <br /> shall notify the PARTICIPANT as soon as it becomes apparent the actual costs will overrun <br /> the award amount . However , failure of the DEPARTMENT to so notify the PARTICIPANT <br /> shall not relieve the PARTICIPANT from its obligation to pay for its full participation during <br /> the PROJECT and on final accounting as provided herein . Funds due from the <br /> PARTICIPANT during the PROJECT not paid within forty (40 ) days calendar days from the <br /> date of the invoice are subject to an interest charge at a rate established pursuant to <br /> Section 55 . 03 , F . S . <br /> 6 . In the event it becomes necessary for the DEPARTMENT to institute suit for the enforcement <br /> of the provisions of this Agreement , each party shall be responsible to pay their own attorney <br /> fees and court costs . <br /> 7 . This AGREEMENT and any interest herein shall not be assigned , transferred or otherwise <br /> encumbered by the PARTICIPANT under any circumstances without the prior written consent <br /> of the DEPARTMENT . However , this AGREEMENT shall run to the DEPARTMENT and its <br /> successors . <br /> 8 . Except as otherwise set forth herein , this AGREEMENT shall continue in effect and be binding <br /> to both the PARTICIPANT and the DEPARTMENT until the PROJECT is completed as <br /> evidenced by the written acceptance of the DEPARTMENT , or June 30 , 2011 whichever <br /> occurs first . <br /> 9 . The PARTICIPANT warrants that it has not employed or obtained any company or person , <br /> other than bona fide employees of the PARTICIPANT , to solicit or secure this AGREEMENT , <br /> and it has not paid or agreed to pay any company , corporation , individual or firm , other than a <br /> 4of7 <br />
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