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1997-115
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1997-115
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Last modified
10/25/2015 11:43:21 PM
Creation date
9/29/2015 2:28:13 PM
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Resolutions
Resolution Number
1997-115
Approved Date
10/07/1997
Resolution Type
Joint Participation Agreement
Entity Name
Florida Department of Transportation District 4
Subject
16th St. Canal Improvements
Area
16th St. canal between 6th Ave. & 8th Ct. Rockridge Sudivision
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a' <br /> advance deposit,the COUNTY will pay the additional amount within 40 days from the <br /> date of the Invoice. <br /> B.) The payment of funds as required above will be made directly to the DEPARTMENT for <br /> deposit into the State Transportation Trust Fund.Payment shall be clearly marked to <br /> • <br /> indicate that it is to be applied to project number 88010.3518,WPI 4115464. <br /> C.) Upon final payment to the Contractor, the DEPARTMENT intends to have its final and <br /> complete accounting of all costs incurred in connection with the work performed <br /> • hereunder within three hundred sixty days. All project cost records and accounts shall be <br /> subject to audit by a representative of the COUNTY within three(3)years after final close <br /> out of the project.The COUNTY will be notified of the final cost.Both parties agree that <br /> in the event final accounting of total project costs pursuant to the terms of this agreement <br /> is less than the total deposits to date,a refund of the excess will be made by the <br /> DEPARTMENT to the COUNTY in accordance with Section 215.422,Florida Statutes. <br /> If the final cost exceeds the advance payment the COUNTY will be invoiced for the <br /> balance.Upon receipt of the final invoice,the COUNTY agrees to reimburse the <br /> DEPARTMENT in the amount of such actual cost within forty(40)days from the date of <br /> the invoice.The COUNTY shall pay an additional charge as specified in Section 55.03, <br /> Florida Statutes,on any invoice not paid within the time specified in the preceding <br /> sentence,until the invoice is paid.The DEPARTMENT shall have the right to retain out of <br /> any payment due the COUNTY under this Agreement an amount sufficient to satisfy any <br /> amount due and owing to the DEPARTMENT by the COUNTY on any other Agreement <br /> between the COUNTY and the DEPARTMENT,whether existing now or in the future. <br /> 4 <br />
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