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system within the Facility. Following a favorable outcome on the asbestos remediation project for the hotel rooms, the fund balance for the "Second Amendment Improvements" is approximately $257,000. Consistent with the Amended and Restated Facility Lease Agreement as twice amended, the proposed Third Amendment delegates the primary project management functions and solicitation of bids to Verotown. Subject to the approval and the collaboration of County Staff, Verotown has developed a scope of work, obtained no less than 2 competitive bids, and will cooperate with the general oversight and monitoring of the project by the County. Verotown will also provide a certificate of insurance naming the County as additional insured in a form and amount to approved by the County's Risk Manager. Verotown has selected the lowest responsive and responsible bid at $190,000. Additionally, Verotown has agreed to secure a payment and performance bond; however, if the projected cost of the project is less than $200,000, the Board may waive this requirement pursuant to Florida Statute Section 255.05. Under the Statute, the County may exempt the selected contractor from executing a payment and performance bond. It is recommended herein as part of the approval of the Third Amendment since the low bid is under $200,000, the Board waive this requirement given the discretion afforded by the statute, Funding No new funding is required to accommodate this request. The changes as detailed above and stated in the Amendment will be funded from budgeted allocations for County responsibilities in the current Agreement (as approved by the Board of County Commissioners on December 18, 2018, and affirmed on February 9, 2021, and July 12, 2022, respectively). These improvements are funded by a combination of Tourist Tax and the One Cent Sales Tax. All obligations imposed by the Agreement and subsequent Amendments not reformed by this Third Amendment shall remain in full force and effect. Staff Recommendation: Staff recommends the Board of County Commissioners approve the proposed Third Amendment to the Amended and Restated Facility Lease Agreement for the Jackie Robinson Training Complex and authorize the Chairman to execute the Third Amendment in substantial form subject to any minor changes and following execution by the County Attorney. 2. Additionally, staff requests the Board of County Commissioners waive the County's procedural requirements for bids in order to allow MLB Verotown to manage the additional projects under the Third Amendment and to complete facility improvement projects contemplated by the Third Amendment to the Agreement as detailed above in a similar manner to the original approval on December 18, 2018, and February 9, 2021, and July 12, 2022, respectively. 103