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RESOLUTION NO. 2015- nrl <br />A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF <br />INDIAN RIVER COUNTY, FLORIDA, AUTHORIZING AN AGREEMENT <br />FOR TRAFFIC SIGNAL MAINTENANCE AND COMPENSATION <br />WHEREAS, it is a policy of the State of Florida to construct and make improvements to the <br />state transportation system in a cooperative partnership; and <br />WHEREAS, such partnership shall be encouraged through the joint funding of projects that <br />improve traffic flow and reduce congestion on the State Highway System; and <br />WHEREAS, the Board of County Commissioners of Indian River County wishes to <br />authorize the Chairman of the Commission to enter into an Agreement For Traffic Signal <br />Maintenance and Compensation with the State of Florida Department of Transportation (FDOT) on <br />behalf of the Commission, <br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA THAT: <br />The Board of County Commissioners of Indian River County, Florida hereby authorizes the <br />Chairman of the Commission to enter into an Agreement For Traffic Signal Maintenance and <br />Compensation with the State of Florida Department of Transportation (FDOT) for: <br />The FDOT shall fund the project cost, as detailed in Exhibits A, B, and C of the <br />Traffic Signal Maintenance and Compensation Agreement. The Board authorizes the <br />County Traffic Engineer or designee to annually prepare, update and submit Exhibit <br />A, B and C to the FDOT for compensation. <br />2. .The County shall maintain and operate the traffic signal system. If the project cost <br />exceeds the amount shown in Exhibits A, B and C, the County shall pay the overage. <br />