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6 . The PARTICIPANT and the DEPARTMENT agree to share the cost of this project 405606- 1 -21 /22- P <br /> 01 , The PARTICIPANT agrees to provide one-half ( 1 /2 ) non federal funds required to match the <br /> federal share of the project and the Department agrees to provide the other one half of the non- <br /> federal funds required to match the federal share . <br /> 7 . The share of the Participant shall be , at a minimum , the stated percentage of the actual costs of the <br /> project; provided , however, that in the event the Federal Government fails to provide which is equal <br /> to the anticipated federal share , the participant shall be responsible for one-half ( 1 /2 ) of at the funds <br /> required to make up the an amount which is equal to the anticipated federal share , the participant <br /> shall be responsible for one-half ( 1 /2 ) of the funds required to make up the shortfall , including one-half <br /> ( 1 /2 ) of the cost overruns and/or supplemental agreements not paid by federal funds . The <br /> Department shall be responsible for the remaining one-half ( 1 /2) of any federal funding shortfall and <br /> one-half ( 1 /2 ) of the cost overruns and/or supplemental agreements not paid by federal funds . <br /> 8 . The estimated total costs as set forth in the DEPARTMENT' S Adopted work program for this <br /> Project is ONE MILLION FIVE HUNDRED THOUSAND DOLLARS ($ 19500 .000 . 00) The estimated <br /> Participant share for one-half ( 1 /2 ) the non -federal portion of the project is TWO HUNDRED SIX <br /> THOUSAND TWO HUNDRED FIFTY DOLLARS ($206,250 . 00) <br /> 9 . The Participant agrees that it will , furnish the DEPARTMENT the amount of TWO HUNDRED SIX <br /> THOUSAND TWO HUNDRED FIFTY DOLLARS ($206 ,250 . 00) within 30 calendar days of the <br /> DEPARTMENT' S execution of this AGREEMENT. <br /> 10 . The payment of funds under this Locally Funded Agreement will be made directly to the <br /> DEPARTMENT for deposit, and mailed to : <br /> Florida Department of Transportation , <br /> Lizz Holmes , Procurement Manager <br /> 3400 West Commercial Blvd . , <br /> Fort Lauderdale , Florida 33309 <br /> Remittance shall be made payable to the Department of Financial Services , Revenue Processing . <br /> Payment shall be clearly marked to indicate that it is to be applied to FM Project No . : 405606-1 -21 /22 - <br /> 01 , as stipulated in Exhibit A, Memorandum of Agreement. <br /> 11 . If the accepted bid amount plus allowances is less than the advance deposit amount, the Department <br /> will refund amount plus allowances if such refund is requested by the Participant in writing . <br /> 12 . Should project modifications occur that increase the Participant's share of total project costs , the <br /> Participant agrees to provide , without delay, in advance of the additional work being performed , <br /> adequate funds to ensure that cash on deposit with the Department is sufficient to fully fund its <br /> share of the project. The Department shall notify the Participant as soon as it becomes apparent the <br /> actual costs will overrun the award amount; however, failure of the Department to so notify the <br /> Participant shall not relieve the Paticipant from its obligation to pay for its full participation on final <br /> accounting as provided herein below. <br /> 2 <br />