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V ; � <br /> State FM No : 228613-1 -54-01 <br /> FEID No : VF-596000674056 <br /> Contract No : AF996 <br /> STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION <br /> JOINT PARTICIPATION AGREEMENT <br /> AMENDMENT NO . ONE <br /> THIS AMENDMENT made and entered into this day of 20 , by and <br /> between the STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION , an agency of the State of <br /> Florida , hereinafter called the Department, and INDIAN RIVER COUNTY with offices located at 1840 25TH <br /> Street , Vero Beach , Florida , hereinafter called the COUNTY . <br /> W I T N E S S E T H <br /> WHEREAS , on SEPTEMBER 22 , 1998 , the parties entered into a Joint Participation Agreement, <br /> hereinafter referred to as AGREEMENT, wherein the DEPARTMENT agreed to contribute toward certain <br /> improvements , described as follows , and hereinafter referred to as the PROJECT: The enhancement of <br /> computerized Traffic Signal System operations , located in Indian River County (WPA 4115463 ) State FM <br /> No . 228613/1 /54/01 ; and , <br /> WHEREAS , the Original Agreement estimated $ 100 , 000 . 00 per year for five (5 ) years beginning in <br /> Fiscal Year 1998/ 1999 . <br /> WHEREAS , both parties agreed to extend this agreement and provide additional funding up to Fiscal <br /> Year 07/08 ; <br /> NOW, THEREFORE , in consideration of the mutual covenants , promises , and representations herein , <br /> the parties agree to amend that certain Joint Participation Agreement dated SEPTEMBER 22 , 1998 , as <br /> follows <br /> 1 . The recitals set forth above are true and correct and are deemed incorporated herein . <br /> 2 . Funding for Fiscal Years 98/99 , 99/00 , 00/02 , 01 /02 and 02/03 is decreased to FOUR HUNDRED <br /> THOUSAND DOLLARS AND 00/100 ($400 , 000 . 00) . <br /> 2 . The DEPARTMENT'S additional contribution for this project to cover fiscal years 2003/2004 <br /> through 2007/2008 is EIGHT HUNDRED SEVENTY THOUSAND TWO HUNDRED EIGHTY <br /> EIGHT AND 00/100 ($ 8701288 . 00 ) . <br /> 4 . Pursuant to section 287 .0582 , Florida Statutes , the DEPARTMENT's obligation to pay under this <br /> section is contingent upon an annual appropriation by the Florida Legislature . A Maximum Limiting <br /> Amount of $ 870 , 288 . 00 shall be paid as follows : <br /> FISCAL YEAR Maximum <br /> (Commencing July 1 of each year) Contribution <br /> 2003/2004 $ 157 , 500 . 00 <br /> 2004/2005 $ 165 , 375 . 00 <br /> 2005/2006 $ 173 , 644 . 00 <br /> 2006/2007 $ 182 , 326 . 00 <br /> 2007/2008 $ 1919443 . 00 <br /> TOTAL $ 870 , 288 . 00 <br /> 1 of 2 <br />