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• • FM No: 2308721413/41/42/43/45 FEJD No: 596-000-673 STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION LOCALLY FUNDED AGREEMENT THIS AGREEMENT, entered into this day of 200_, by and between the State of Florida Department of Transportation hereinafter called the DEPARTMENT, and the Indian River County, located at 1840 25th Street, Vero Beach, Florida 32960, hereinafter called the PARTICIPANT. WITNESSETH WHEREAS, the DEPARTMENT and the PARTICIPANT are desirous of having the DEPARTMENT make certain improvements in connection with State FM Number 230872-1-4B/41/42/43/45-01 for Right of Way Acquisition along 16"'/17th Street from 500' W. of 14th Avenue to US -1 in Indian River County Florida. The purpose of the LFA is to allow for the commencement of ROW Phase on this project. The original LFA for this project was executed for the Engineering Design Phase. Under this LFA the following R/W phases will be performed• 48- OPS 41- Support, 42- Consultants, 43- Land, 45- Relocation, 46- Utility Replacement. Also, five parcels (101, 102, 103 (Fee), and 701, 702 (TCE)} have been identified. WHEREAS, the improvements are in the interest of both the PARTICIPANT and the DEPARTMENT and it would be more practical, expeditious, and economical for the DEPARTMENT to perform such activities; and, WHEREAS, the PARTICIPANT by Resolution No.2003-160 adopted on 12-09 , 2003 , a copy of which is attached hereto and made a part hereof, authorizes the proper officials to enter into this AGREEMENT. NOW THEREFORE, in consideration of the mutual benefits to be derived from joint participation on the PROJECT, the parties agree to the following: 1. The recitals set forth above are true and correct and are deemed incorporated herein. 2. The DEPARTMENT shall be responsible for assuring that the Project complies with all applicable Federal, State and Local laws, rules, regulations, guidelines and standards. 3. The PARTICIPANT agrees to make all previous studies, maps, drawings, surveys and other data and information pertaining to the Project available to the DEPARTMENT at no extra cost. 4. The DEPARTMENT shall have the sole responsibility for resolving claims and requests for additional work for the Project. The DEPARTMENT will make reasonable efforts to obtain the PARTICIPANT input in its decisions. 5. The total project cost is estimated to be SEVEN HUNDRED TWENTY ONE THOUSAND EIGHTY TWO DOLLARS ($721,082.00). The total PARTICIPANTS share is estimated to be a payment of NINETY THOUSAND ONE HUNDRED THIRTY FIVE DOLLARS ($90,135.00), which is 12.5% of the project cost. In the event PARTICIPANT'S share of the project cost is 1 of5