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2008-197
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2008-197
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Last modified
3/7/2022 3:30:52 PM
Creation date
10/5/2015 9:03:35 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
First Amendment
Approved Date
06/17/2008
Control Number
2008-197
Agenda Item Number
12.I.1
Entity Name
Florida Department of Transportation
Subject
Advance Reimbursement Locally Funded Agreement 66th Ave. Expansion
Amendment No.1
Area
SR-60 from 82nd. Ave./CR609 to 66th Ave./CR 615
Project Number
FM# 228627-1-A8-01
Supplemental fields
SmeadsoftID
8724
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The PARTICIPANT will submit the advance funding for the Project in three payments. The <br />PARTICIPANT has previously furnished the DEPARTMENT with a check for the first <br />payment which is 14.5% of the PROJECT estimate in the amount of THREE MILLION <br />FOUR HUNDRED SIXTY SIX THOUSAND NINE HUNDRED SIXTY DOLLARS <br />AND TEN CENTS ($3,466,960.10). The PARTICIPANT has furnished a second payment <br />made to the DEPARTMENT, which is 58.2% of the PROJECT estimate, in the amount <br />THIRTEEN MILLION EIGHT HUNDRED SIXTY SEVEN THOUSAND EIGHT <br />HUNDRED FORTY DOLLARS AND FORTY CENTS ($13,867,840.40). The third and <br />final payment, which is 27.3% of the PROJECT estimate, is in the amount of SIX MILLION <br />FOUR HUNDRED NINETY EIGHT THOUSAND FIVE HUNDRD SIXTY ONE <br />DOLLARS AND FIFTY CENTS ($6,498,561.50) and is due seven days prior to the <br />execution of the construction contract by the DEPARTMENT. Currently, the construction <br />contract is scheduled to be executed on May 29, 2008. <br />The DEPARTMENT agrees to reimburse the PARTICIPANT for their participation in <br />accordance with Section 339.12(4)(c), Florida Statutes. The PARTICIPANT acknowledges <br />and agrees that it will not invoice the DEPARTMENT for any portion of the TWENTY <br />THREE MILLION EIGHT HUNDRED THIRTY THREE THOUSAND THREE <br />HUNDRED SIXTY TWO DOLLARS ($23,833,362.00) prior to July 1, 2009, the fiscal year <br />the PROJECT is scheduled in the Department's Work program. After a receipt of a properly <br />documented invoice, the payments will be made to the PARTICIPANT in eight (8) equal <br />quarterly payments of TWO MILLION NINE HUNDRED SEVENTY NINE <br />THOUSAND ONE HUNDRED SEVENTY DOLLARS AND TWENTY FIVE CENTS <br />($2,979,170.25), which equals TWENTY THREE MILLION EIGHT HUNDRED <br />THIRTY THREE THOUSAND THREE HUNDRED SIXTY TWO DOLLARS <br />($23,833,362.00). <br />Remittance shall be made payable to the Department of Financial Services, Revenue <br />Processing. Payment shall be clearly marked to indicate that it is to be applied to FM Project <br />No. 228627-1-32-02, 228627-1-52-01, & 228627-1-62-01. The DEPARTMENT shall utilize <br />this deposit for payment of the cost of Projects No. 228627-1-32-02, 28627-1-52-01, & <br />228627-1-62-01. <br />Payment shall be mailed to: <br />Florida Department of Transportation <br />Professional Services Unit - <br />3400 W. Commercial Boulevard <br />Fort Lauderdale, Florida 33309-3421 <br />Attention: Leos A. Kennedy, Jr. <br />Page 2 <br />
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