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Breakdown of Funding <br />Design Services <br />FM# 228627-1-32-02 <br />Construction <br />FM# 228627-1-52-01 <br />CEI Services <br />FM# 228627-1-62-01 <br />$250,000.00 <br />$20,346,473.00 <br />$3,236,889.00 <br />Total estimated Project Cost = $23,833,362.00 <br />(A) The DEPARTMENT intends to have it final and complete accounting of all costs <br />incurred in connection with the work performed hereunder within three hundred <br />sixty (360) days of final payment made to the Contractor. The DEPARTMENT <br />considers the PROJECT complete when the final payment is made to the <br />Contractor, not when the construction work is complete. All PROJECT cost <br />records and accounts shall be subject to audit by a representative of the <br />PARTICIPANT for a period of five (5) years after final close out of the <br />PROJECT. The PARTICIPANT will be notified of the final cost. Both parties <br />agree that in the event the final accounting of total PROJECT costs pursuant to the <br />terms of this Agreement is less than the total deposits to date, a refund of the excess <br />will be made by the DEPARTMENT to the PARTICPANT. If the final <br />accounting is not performed within three hundred and sixty (360) days, the <br />PARTICIPANT is not relieved from its obligation to pay. <br />(B) In the event the final accounting of total PROJECT costs is greater than the total <br />deposits to date, the PARTICIPANT will pay the additional amount within forty <br />(40) calendar days from the date of the invoice from the DEPARTMENT. The <br />PARTICIPANT agrees to pay interest at a rate as established pursuant to Section <br />55.03, F. S., on any invoice not paid within forty (40) calendar days until the <br />invoice is paid. <br />(C) The payment of funds under this Agreement will be made: <br />Directly to the DEPARTMENT for deposit and as provided in the Memorandum <br />of Agreement (MOA) between PARTICIPANT, DEPARTMENT, and the State <br />of Florida, Department of Financial Services, Division of Treasury, a copy of which <br />is attached hereto as Exhibit "B". <br />NOTE: The MOA is a benefit to both the DEPARTMENT and the <br />PARTICIPANT. Interest earned will be used for any additional costs of <br />PARTICIPANT responsibility. Any unused funds, including interest, will be <br />provided to the PARTICIPANT after the final accounting of the PROJECT has <br />been performed. <br />(D) The DEPARTMENT'S obligation to pay any sum pursuant to this Agreement is <br />contingent upon an annual appropriation by the Florida Legislature. <br />Page 3 <br />