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1998-120
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1998-120
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Last modified
3/3/2016 9:40:51 PM
Creation date
1/8/2016 2:51:45 PM
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Resolutions
Resolution Number
1998-120
Approved Date
10/27/1998
Resolution Type
Authorizing participation with Florida Dept. of Transportation
Subject
Certain road improvements
Area
CR 510 east of US#1
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D.) if the accepted bid amount is less than the advance deposit amount,the DEPARTMENT <br /> will refund the amount that the deposit exceeds the bid amount if such refund is requested <br /> b the COUNTY in writing y wrt g and approved by the Comptroller of the Department of <br /> Transportation or his designee. <br /> E.) Should contract modifications occur that increase the COUNTY's share of the total <br /> Project costs,the COUNTY will be notified by the DEPARTMENT accordingly.The <br /> COUNTY agrees to provide,in advance of the additional work being performed,adequate <br /> funds to ensure that cash on deposit with the DEPARTMENT is sufficient to fully fund its <br /> share of the Project.The DEPARTMENT shall notify the COUNTY as soon as it becomes <br /> apparent the actual costs will overrun the award amount;however,failure of the <br /> DEPARTMENT to so notify the COUNTY shall not relieve the COUNTY from its <br /> obligation to pay for its full contribution on final accounting as provided herein below. <br /> F.) Upon final payment to the Contractor, the DEPARTMENT intends to have its final and <br /> complete accounting of all costs incurred in connection with the work performed <br /> hereunder within three hundred sixty days. All project cost records and accounts shall be <br /> subject to audit by a representative of the COUNTY within three(3)years after final close <br /> out of the project .The COUNTY will be notified of the final cost.Both parties agree that <br /> in the event final accounting of total project costs pursuant to the terms of this agreement <br /> is less than the total deposits to date,a refund of the excess will be made by the <br /> DEPARTMENT to the COUNTY in accordance with Section 215.422,Florida Statutes. <br /> If the final cost exceeds the advance payment the COUNTY will be invoiced for the <br /> balance.Upon receipt of the final invoice,the COUNTY agrees to reimburse the <br /> 4 <br />
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