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DESCRIPTION AND CONDITIONS <br />The FDOT has prepared a joint participation agreement (JPA), between the FDOT and Indian River <br />County, to allow the County to begin receiving funding from the FDOT for routine maintenance of <br />the County -operated traffic signal system. The JPA will initially provide for $19,252 in funds in FY <br />2002/2003, with increased funding in subsequent years. <br />The original agreement, which was approved by the Board on June 18, 2002, has been revised by the <br />FDOT. <br />The new agreement provides the County with more freedom to adjust traffic signal timing, and <br />reduces County liability through removal of the indemnification provision. <br />ALTERNATIVES AND ANALYSIS <br />The attached JPA is a standard agreement similar to many agreements the County has executed in the <br />past. The alternatives are as follows: <br />Alternative No. 1 <br />Approved the JPA and authorize the Board of County Commissioners Chairman's signature, <br />on the JPA and authorizing resolution. <br />Alternative No. 2 <br />Deny approval of the JPA and cancel the project. <br />RECOMMENDATIONS & FUNDING <br />Staff recommends Alternative No. 1 — approval of the JPA. There is no funding impact generated by <br />this project. <br />ATTACHMENT <br />Two (2) Copies of the JPA and Resolution <br />ON MOTION by Commissioner Adams, SECONDED BY <br />Commissioner Ginn, the Board unanimously adopted <br />Resolution No. 2002-061 authorizing a Joint Participation <br />Agreement for Traffic Signal Maintenance and Compensation. <br />September 3, 2002 <br />COPY OF PARTIALLY EXECUTED AGREEMENT IS ON FILE <br />IN THE OFFICE OF THE CLERK TO THE BOARD <br />36 <br />V <br />Lilt <br />r fn <br />