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RESOLUTION NO. 2016- o7o <br />A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF <br />INDIAN RIVER COUNTY, FLORIDA, AUTHORIZING THE EXECUTION OF <br />THE REVISED TERMS AND CONDITIONS FOR THE TRAFFIC SIGNAL <br />MAINTENANCE AND COMPENSATION AGREEMENT AND PROVIDING <br />AN EFFECTIVE DATE. <br />WHEREAS, it is a policy of the State of Florida to construct and make improvements to the <br />state transportation system in a cooperative partnership; and <br />WHEREAS, such partnership shall be encouraged through the joint funding of projects that <br />improve traffic flow and reduce congestion on the State Highway System; and <br />WHEREAS, the Board of County Commissioners of Indian River County wishes to authorize <br />the Chairman of the Commission to enter into the Revised Terms and Conditions for the Traffic <br />Signal Maintenance and Compensation Agreement with the State of Florida Department of <br />Transportation (FDOT) on behalf of the commission, <br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS <br />OF INDIAN RIVER COUNTY, FLORIDA THAT: <br />The Board of County Commissioners of Indian River County, Florida hereby authorizes the <br />Chairman of the Commission to enter into the Revised Terms and Conditions for the Traffic Signal <br />Maintenance and Compensation Agreement with the State of Florida Department of Transportation <br />(FDOT) for: <br />1. The FDOT shall fund the project cost, as detailed in Exhibits A, B and C of the Revised <br />Terms and Conditions for the Traffic Signal Maintenance and Compensation Agreement. <br />The Board authorizes the County Traffic Engineer or designee to annually prepare, <br />update and submit Exhibits A, B and C to the FDOT for compensation <br />2. The County shall maintain and operate the traffic signal system If the project cost exceeds <br />the amount shown in Exhibits A, B and C, the County shall pay the overage. <br />C:\UsersUdark\Desktop\8-16-16\FDOT Signal Maint and Compensation Resolution 08-16-16.doc <br />