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RESOLUTION NO. 2015- <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 /> 1. 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 /> 50 <br />