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2023-026
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2023-026
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Last modified
2/13/2023 11:40:27 AM
Creation date
2/13/2023 11:39:34 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
01/31/2023
Control Number
2023-026
Agenda Item Number
8.P.
Entity Name
Florida Department of Transportation (FDOT)
Subject
Utility Work by Highway Contractor Agreement for the adjustment of utility valves
for the SR60 re-surfacing from West of CR 512 to West of 94th Drive
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The Escrow Agent agrees to provide written confirmation of receipt of funds to <br />FDOT. FDOT agrees to provide a copy of such written confirmation to Participant <br />upon request. <br />8. The Escrow Agent further agrees to provide quarterly reports to FDOT concerning <br />the escrow account. FDOT agrees to provide a copy of such quarterly reports to <br />Participant upon request. <br />9. The Escrow Agent shall not be liable for any error of judgment or for any act done <br />or omitted by it in good faith, or for anything which it may in good faith do or refrain <br />from doing in connection herewith. <br />10. Escrow Agent shall have no liability for any claim, cost, expense, damage or loss <br />due to the acts or omissions of FDOT and Participant, nor from any separate <br />agreements between FDOT and Participant and shall have no responsibility to <br />monitor or enforce any responsibilities herein or in any separate agreements <br />associated with this Agreement between FDOT and Participant. <br />11. This Agreement shall be governed by and interpreted in accordance with the laws <br />of the State of Florida. <br />12. This Agreement may be executed in two or more counterparts, each of which shall <br />be deemed an original, but all of which together shall constitute one and the same <br />instrument. <br />13. This Agreement shall terminate upon disbursement by the Escrow Agent of all <br />money held by it in the escrow account in accordance with the instructions given <br />by FDOT's Comptroller or designee and notification from FDOT to Escrow Agent <br />that the account is to be closed. <br />The remainder of this page is blank. <br />
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