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C fi <br /> i y � <br /> RESOLUTION NO. 2002- 040 <br /> A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF <br /> INDIAN RIVER COUNTY, FLORIDA, AUTHORIZING A JOINT <br /> PARTICIPATION AGREEMENT FOR TRAFFIC SIGNAL MAINTENANCE <br /> AND COMPENSATION <br /> WHEREAS,it is a policy of the State of Florida to construct and make improvements to the <br /> state transportation system in a cooperative partnership; and <br /> WHEREAS,such partnership shall be encouraged through the joint funding ofprojects that <br /> improve traffic flow and reduce congestion on the State Highway System; and <br /> WHEREAS, the Board of County Commissioners of Indian River County wishes to <br /> authorize the Chairman of the Commission to enter into a Joint Participation Agreement with the <br /> State of Florida Department of Transportation(FDOT)on behalf of the Commission, <br /> NOW, THEREFORE,BE IT RESOLVED BY THE BOARD OF COUNTY <br /> COMMISSIONERS OF INDIAN RIVER COUNTY,FLORIDA THAT: <br /> The Board of County Commissioners of Indian River County,Florida hereby authorize the <br /> Chairman of the Commission to enter into a Joint Participation Agreement with the State of Florida <br /> Department of Transportation(FDOT) for: <br /> 1. The FDOT shall fund the project cost,as detailed in Exhibits A and B of the Traffic <br /> Signal Maintenance and Compensation Agreement. The Board authorizes the <br /> County Traffic Engineer to annually prepare, update and submit Exhibit A to the <br /> FDOT for compensation. <br /> 2. The County shall maintain and operate the traffic signal system. If the project cost <br /> exceeds the amount shown in Exhibits A and B, the County shall pay the overage. <br /> F:\Traffic\Dawn\BCC AGENDA ITEMS\RESOLUTION\resolution jpa traffic signal maint and compensation june 2002.doc 1 <br />