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without the prior written consent of the DEPARTMENT. <br />H. All notices (except invoices) under this Agreement shall be directed to the following <br />addresses: <br />TO DEPARTMENT: <br />TO COUNTY: <br />Florida Department of Transportation <br />Indian River County <br />3400 West Commercial Blvd. <br />Public Works Department <br />Fort Lauderdale, FL 33309-3421 <br />180127" Street <br />Attn: Leos A. Kennedy, Jr. <br />Vero Beach, FL 32960-3388 <br />With a copy to: General Counsel <br />Attn: Richard Szpyrka <br />With a copy second copy to: Donovan Pessoa <br />With a copy to: County Attorney <br />3 -Term <br />A. Except as otherwise set forth herein, this AGREEMENT shall continue in effect and <br />be binding to all parties until the Project is completed as evidenced by the written acceptance of <br />the DEPARTMENT and the COUNTY or December 30, 2019, whichever occurs first. <br />B. This Agreement shall not be renewed. Any extension shall be in writing and executed <br />by both parties, and shall be subject to the same terms and conditions as set forth in this Agreement. <br />4- Compensation and Payment <br />A. The estimated Project cost is SEVEN MILLION TWO HUNDRED NINETY ONE <br />THOUSAND ONE HUNDRED FORTY SIX DOLLARS AND NO CENTS ($7,291,146.00). The <br />COUNTY and the DEPARTMENT agree to share the cost of this Project. The COUNTY agrees <br />to provide one-half of the cost of the Project expenditures and the DEPARTMENT agrees to <br />provide the other one-half pursuant to Florida Statutes 339.2817. Based on the aforesaid amount, <br />the parties further agree that the DEPARTMENT'S maximum participation is THREE MILLION <br />SIX HUNDRED FORTY FIVE THOUSAND FIVE HUNDRED SEVENTY THREE DOLLARS <br />AND NO CENTS ($3,645,573.00) and all remaining costs of the Project will be borne by the <br />COUNTY. However, in the event the total Project cost is less than the amount stated above, the <br />DEPARTMENT shall only pay 50% of the lesser amount and all remaining costs of the Project <br />will be paid by the COUNTY. Payment shall be made in accordance with the table set forth below: <br />FM No. 431759-2-54-01 <br />FY 16/17 <br />FY 17/18 <br />Total Amount <br />Department's Share <br />$845,948.00 <br />$2,799,625.00 <br />$3,645,573.00 <br />County's Share <br />$845,948.00 <br />$2,799,625.00 <br />$3,645,573.00 <br />Total <br />$1,691,896.00 <br />$5,599,250.00 <br />$7,291,146.00 <br />Page 3 <br />P109 <br />