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FM No: 405606-7-52-01 FEID No: VF -596-000-674 STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION LOCALLY FUNDED AGREEMENT THIS Locally Funded Agreement ("Agreement"), entered into this day of 20 , by and between the State of Florida Department of Transportation hereinafter called the DEPARTMENT, and the Indian River County, located at 1801 27th Street, Vero Beach, Florida 32960, hereinafter called the COUNTY. WITNESSETH WHEREAS, the DEPARTMENT and the COUNTY are desirous of having the COUNTY provide financial assistance for improvements in connection with the DEPARTMENT'S construction work along CR -510 from CR -512 to 87th Street in Indian River County, Florida. (Financial Management (FM) Number 405606- 7-52-01, Funded in Fiscal Year 2024/2025); and WHEREAS, the COUNTY has requested that the DEPARTMENT perform the following additional work (FM Number 405606-7-52-01, Funded in Fiscal Year 2024/2025): Painting of the mast arm assemblies and the construction (installation) of a 6 -inch fiber -mesh reinforced sidewalk, as set forth in Exhibit A attached hereto and made a part hereof and hereinafter referred to as the Project; and WHEREAS, the improvements are in the interest of both the COUNTY and the DEPARTMENT and it would be more practical, expeditious, and economical for the DEPARTMENT to perform such activities; and WHEREAS, the COUNTY by Resolution No. 2023-007 adopted on February 7 , 20 23 , a copy of which is attached hereto and made a part hereof, authorizes the proper officials to enter into this Agreement. NOW, THEREFORE, in consideration of the mutual benefits to be derived from joint participation on the Project, the parties agree to the following: 1. The recitals set forth above are true and correct and are deemed incorporated herein. 2. The DEPARTMENT shall be responsible for assuring that the Project complies with all applicable Federal, State and Local laws, rules, regulations, guidelines and standards. 3. The COUNTY agrees to make all previous studies, maps, drawings, surveys and other data and information pertaining to the Project available to the DEPARTMENT at no extra cost. 4. The total cost for the DEPARTMENT'S construction work and the Project is estimated to be SIXTEEN MILLION TWO HUNDRED FIFTY SIX THOUSAND EIGHT HUNDRED FIFTY DOLLARS AND NO CENTS ($16,256,850.00). The COUNTY'S share for the Project is a one- time lump sum payment of THREE HUNDRED THIRTY SEVEN THOUSAND EIGHT HUNDRED FIFTY SEVEN DOLLARS AND NO CENTS ($337,857.00), which sum shall be Page 1