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Contract No.: AP -168 <br />FM No: 228627-1-A8-01 <br />Vendor No: VF 596-000-679 <br />STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION <br />AND <br />INDIAN RIVER COUNTY <br />ADVANCE REIMBURSEMENT LOCALLY FUNDED AGREEMENT <br />AMENDMENT NUMBER ONE <br />THIS AMENDMENT, made and entered into this day of , <br />200_, by and between the STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION, <br />hereinafter called the DEPARTMENT, and INDIAN RIVER COUNTY, located at 1801 27Th <br />STREET, VERO BEACH, FLORIDA 329606, hereinafter called the PARTICIPANT. <br />WITNESSETH <br />WHEREAS, on January 289 2008, the parties entered into a Locally Funded Agreement, <br />hereinafter referred to as the AGREEMENT, wherein the PARTICIPANT agreed to provide advance <br />funding for certain improvements in connection with the Reconstruction and Widening of SR -60 from <br />82°d Avenue/CR-609 to 66th Avenue/CR-615 in Indian River County, Florida for FM# 228627-1-A8- <br />01 and hereinafter referred to as the PROJECT, and, <br />WHEREAS, the parties desire to amend the AGREEMENT; and <br />WHEREAS, the parties hereto mutually agree that this Amendment is in their best interest; <br />NOW, THEREFORE, in consideration of the mutual covenants, promises and representations <br />herein, the parties agree to further amend that certain Locally Funded Agreement dated January 28, <br />2008, as follows: <br />1. The recitals set forth above are true and correct and are deemed incorporated herein. <br />2. The estimated cost for the PROJECT is hereby reduced by TEN MILLION EIGHT <br />HUNDRED THIRTY SIX THOUSAND TWO HUNDRED THIRTY NINE DOLLARS <br />($10,836,239.00), thus making the PARTICIPANT'S PROJECT share TWENTY THREE <br />MILLION EIGHT HUNDRED THIRTY THREE THOUSAND THREE HUNDRED <br />SIXTY TWO DOLLARS ($23,833,362.00). <br />3. Paragraph 4 of the Agreement shall be removed in its entirety and replaced as follows: <br />The construction of the PROJECT is estimated to be completed in January, 2011. The <br />PARTICIPANT'S advanced funding for this PROJECT is in the amount of TWENTY <br />THREE MILLION EIGHT HUNDRED THIRTY THREE THOUSAND THREE <br />HUNDRED SIXTY TWO DOLLARS ($23,833,362.00). <br />Page 1 <br />