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County under this Agreement and the Bank agrees to liquidate any invest- ment deemed necessary from the Account and wire transfer said amount within twenty-four (24) hours to: Barnett Bank of Tallahassee Florida State Treasury Concentration Account #100004444 For: Florida Department of Transportation The Department will provide the County Director of Finance, concurrently with Bank notification, a monthly cost statement for this project. Pay- ments not received, by the Department within thirty (30) days of Depart- ment's notification of the Bank shall be considered delinquent. Such delinquent amounts shall accrue interest at the rate of 12% per annum until paid in full. The Department's costs for collection of delinquent amounts, including court costs, attorney's fees, and costs of appeal, shall be reim- bursed by the County to the Department. Notification of each wire transfer shall be mailed by the Bank to: and to: Florida Department of Transportation Office of the Comptroller, MS -42 605 Suwannee Street Tallahassee, Florida 32301 Attention: Ms. Debbie Winkler Director of Finance County of Indian River 1840 25 Street Vero Beach, Florida 32960 Attention: Mr. Edwin Fry 4. The County agrees to make necessary additional deposits into the account,, as, provided for in the Utility Work contract, within five (5) working days of receipt of notification of any increase in the estimated costs of the project. 5. This Agreement shall remain in full force and effect until the County has met all obligations required of it by this Agreement and shall not be terminated or discontinued without the written consent of the Department. 6. Upon receipt of written notification by the Department that all costs incurred by the County under the Utility Work contract have been paid, the Bank will allow the County to close the Account and any unused funds shall revert to the County. 13 Boos SEP 19 � � J