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2019-085
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2019-085
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Last modified
12/27/2019 1:19:45 PM
Creation date
6/5/2019 2:55:04 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Amendment
Approved Date
06/04/2019
Control Number
2019-085
Agenda Item Number
8.I.
Entity Name
Florida Department of Transportation
Subject
Intersection Agreements through Incentive Grant Program Agreement
Amendment Number One
Area
SR 60 and 43rd Avenue
Project Number
IRC-0853
Document Relationships
2019-038
(Agenda)
Path:
\Resolutions\2010's\2019
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The COUNTY agrees to provide one-half ('/2) of the cost of the Project expenditures and the <br />DEPARTMENT agrees to provide the other one-half (1/2) pursuant to Florida Statutes 339.2817. The <br />estimated Project cost is THIRTEEN MILLION ONE HUNDRED SEVENTY ONE THOUSAND <br />SEVEN HUNDRED EIGHTY TWO DOLLARS AND NO CENTS ($13,171,782.00). The parties <br />further agree that the DEPARTMENT'S maximum participation is SIX MILLION FIVE <br />HUNDRED EIGHTY FIVE THOUSAND EIGHT HUNDRED NINETY ONE DOLLARS AND <br />NO CENTS ($6,585,891.00) and all remaining costs of the Project will be borne by the COUNTY. <br />However, in the event the total Project cost is less than the amount stated above, the DEPARTMENT <br />shall only pay 50% of the lesser amount and all remaining costs of the Project will be paid by the <br />COUNTY. <br />FM No. <br />431759-2-54-01 <br />� FY 16/17 <br />(Original Agreement) <br />FY 17/18 <br />(Funds Authorization) <br />FY 18/19 <br />(Amendment No. 1) <br />Total Amount <br />Department's <br />Share <br />$845,948.00 <br />$2,799,625.00 <br />$2,940,318.00 <br />$6,585,891.00 <br />County's <br />Share <br />$845,948.00 <br />$2,799,625.00 <br />$2,940,318.00 <br />$6,585,891.00 <br />Total <br />$1,691,896.00 <br />$5,599,250.00 <br />$5,880,636.00 <br />$13,171,782.00 <br />All provisions, covenants, terms and conditions of the Agreement between the parties theretofore <br />entered on March 20, 2017, as originally set forth therein, which are not hereby expressly amended or modified <br />and not in conflict with terms hereof, are hereby ratified and confirmed and shall remain the same and be <br />unaffected by these presents. <br />THIS SPACE INTENTIONALLY LEFT BLANK <br />2 of 3 <br />
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