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2015-103
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2015-103
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Last modified
3/30/2017 1:42:47 PM
Creation date
7/24/2015 10:38:24 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Grant
Approved Date
05/19/2015
Control Number
2015-103
Agenda Item Number
8.J.
Entity Name
Florida Department of Transportatian
Subject
County Incentive Grant Program
Locally Funded Agreement
Area
SR-60 and 43rd Avenue
Project Number
431759-1-4B/42/43/45-01
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(s. <br />return. Investments in the escrow account will be assessed a fee in accordance <br />with Section 17.61(4)(b), Florida Statutes. All income of the investments shall <br />accrue to the escrow account. <br />6. Unless instructed otherwise by FDOT, all interest accumulated in the escrow <br />account shall remain in the account for the purposes of the Project. <br />7. 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 Partik'tpnt <br />upon request. <br />8. The Escrow Agent further agrees to provide quarterly reports to F i : _ oncerning <br />the escrow account. FDOT agrees to provide a copy of suclyq► v erly reports to <br />Participant upon request. <br />9. The Escrow Agent shall not be liable for any error of�rjl ment or for any act done <br />or omitted by it in good faith, or for anything it may in good faith do or <br />refrain from doing in connection herewith. <br />10. Escrow Agent shall have no liability f ar y claim, cost, expense, damage or loss <br />due to the acts or omissions of FIi' and Participant, nor from any separate <br />agreements between FDOT ar d Participant and shall have no responsibility to <br />monitor or enforce any ressibilities herein or in any separate agreements <br />associated with this Agrbetween FDOT and Participant. <br />11. This Agreement slekbe governed by and interpreted in accordance with the laws <br />of the State of • <br />12. This At may be executed in two or more counterparts, each of which shall <br />be de.. ���,• an original, but all of which together shall constitute one and the same <br />ent. <br />�y <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 />Page 16 <br />
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