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04/07/2020
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04/07/2020
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Last modified
8/19/2020 1:37:24 PM
Creation date
6/1/2020 12:14:35 PM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
04/07/2020
Meeting Body
Board of County Commissioners
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STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION <br />STATE -FUNDED GRANT <br />SUPPLEMENTAL AGREEMENT <br />SUPPLEMENTAL NO. <br />01 <br />CONTRACT NO. <br />G-1952 <br />FPN <br />436379-1-54-01; 436379-1-54-02 <br />Recipient: INDIAN RIVER COUNTY <br />This Supplemental Agreement ("Supplemental"), dated arises from the desire to supplement the <br />State -Funded Grant Agreement ("Agreement") entered into and executed on May 22nd, 2019 as identified above. All <br />provisions in the Agreement and supplements, if any, remain in effect except as expressly modified by this Supplemental. <br />The parties agree that the Agreement is to be amended and supplemented as follows: <br />This Amendment adds Financial Project Number (FPN) 436379-1-54-02 to this Agreement. <br />This Amendment also increases the total Department participation needed for the Construction and CEI Services of the <br />Project by EIGHT MILLION FIVE HUNDRED THOUSAND DOLLARS AND NO CENTS ($8,500,000.00). <br />Paragraph 6b of the Agreement is amended to read as follows: <br />The Department agrees to participate in the Project cost up to the maximun amount of $13;247,018.00 and, additionally <br />the Department's participation in the Project shall not exceed 50% of the total cost of the Project, and as more fully <br />described in Exhibit "B", Schedule of Financial Assistance. The Department's participation may be increased or <br />reduced upon a determination of the actual bid amounts of the Project by the execution of an amendment. The <br />Recipient agrees to bear all expenses in excess of the amount of the Department's participation and any cost overruns <br />or deficits incurred in connection with completion of the Project. <br />Paragraph 6c remains in full force and effect. <br />Reason for this Supplemental and supporting engineering and/or cost analysis: <br />The funding increase is for additional State funding for Construction and CEI services. <br />69 <br />
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