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2008-020
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2008-020
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Last modified
2/6/2026 11:38:40 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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(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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