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MEMORANDUM OF AGREEMENT <br />THIS AGREEMENT, made and entered into this 3 RD day of <br />D c, b' ' <br />, 1969, by and between the STATE OF FLORIDA <br />DEPARTMENT OF TRANSPORTATION, a component agency of the State of <br />Florida, hereinafter called the Department, and the BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, hereinafter called <br />the County; <br />WI THE S SE TH:, <br />WHEREAS, •the County by Resolution No. 69-52 has requested <br />the Department to install a traffic signal at the intersection of <br />S.R. 60 and S.R. S-611(Northwest 43rd Avenue) in Indian River <br />County, Florida, the estimated cost of which is $7,000, to be <br />identified as Job No. 88060-3502; <br />NOW, THEREFORE, THIS INDENTURE WITNESSETH: That the Depart- <br />ment and the County for and in consideration of the premises and <br />of the sum of One Dollar each to the other in hand paid, the receipt <br />whereof is hereby acknowledged, do mutually covenant and agree as <br />follows: <br />THE DEPARTMENT AGREES: <br />1. To prepare plans and specifications for the work invol- <br />ved, and advertise for bids for the equipment andfmaterials. The <br />decision as to the type and make of equipment purchased will be at <br />the Department's discretion. <br />2. To furnish technical supervision during the installation <br />phase of the work and finally inspect the completed project. <br />3. To pay 50% of the cost of said project using primary <br />• a <br />funds therefor. The remaining 50% will be paid from Federal -Aid <br />funds. <br />1i'1k 12 47 <br />1969 <br />