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2009-033
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2009-033
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Last modified
3/18/2016 11:07:59 AM
Creation date
10/1/2015 12:53:46 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
02/03/2009
Control Number
2009-033
Agenda Item Number
12.I.2
Entity Name
Florida Department of Transportation
Subject
Improvements on 16th / 17th Street west of US 1
Resolution 2009-006
Area
16th/17th St., 14th Ave.to SR-5/US 1
Supplemental fields
SmeadsoftID
7766
Document Relationships
2009-006
(Attachment)
Path:
\Official Documents\2000's\2009
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5 . The Project referenced above consists of several types of funding . The PARTICIPANT'S <br /> total share of the Project is FIVE HUNDRED FIFTEEN THOUSAND SIX HUNDRED <br /> SEVENTY EIGHT DOLLARS ($515, 678 . 00) . <br /> (A) The estimated total cost as set forth in the DEPARTMENT'S adopted work program <br /> for this Project is FOUR MILLION EIGHT HUNDRED NINETY SIX THOUSAND SIX <br /> HUNDRED FORTY DOLLARS ($4,896 ,640 . 00) . The PARTICIPANT and the <br /> DEPARTMENT agree to share the cost of this Project ( FM# 230872-1 -52-01 & <br /> 230872-1 -5A-01 ) . The PARTICIPANT agrees to provide one-half ( 1 /2 ) of the non - <br /> federal funds required to match the federal participating share of the Project and the <br /> DEPARTMENT agrees to provide the other one-half ( 1 /2) of the non -federal funds <br /> required to match the federal participating share . The funds to be paid by the <br /> DEPARTMENT, the PARTICIPANT, and the Federal Highway Administration <br /> ( FHWA) pursuant to this Agreement is in the estimated amount of THREE MILLION <br /> TWO HUNDRED SEVENTY THOUSAND ONE HUNDRED SIXTY THREE <br /> DOLLARS ($3 ,270 , 163 .00) which amount is subject to increase or decrease . The <br /> PARTICIPANT shall pay a minimum of 9 .035% of THREE MILLION TWO <br /> HUNDRED SEVENTY THOUSAND ONE HUNDRED SIXTY THREE DOLLARS <br /> ($ 3 , 270 , 163 .00) which equals TWO HUNDRED NINETY FIVE THOUSAND FOUR <br /> HUNDRED SIXTY DOLLARS ($ 295 ,460 . 00) . However, in the event FHWA fails to <br /> provide an amount which is equal to their anticipated participating share , the <br /> PARTICIPANT shall be responsible for 100 % of the funds not being paid by FHWA <br /> including but not limited to cost overruns and or supplement agreements . The <br /> DEPARTMENT is solely responsible for a payment not to exceed 9 . 035% of the <br /> estimated amount of THREE MILLION TWO HUNDRED SEVENTY THOUSAND <br /> ONE HUNDRED SIXTY THREE DOLLARS ($3 ,270, 163. 00) which amount is <br /> subject to increase or decrease . <br /> The FHWA participating share is 81 .93% of the estimated amount of THREE <br /> MILLION TWO HUNDRED SEVENTY THOUSAND ONE HUNDRED SIXTY <br /> THREE DOLLARS ($3 ,270 , 163 . 00) which amount is subject to increase or <br /> decrease . <br /> i . If the accepted bid amount plus allowances is in excess of the advance deposit <br /> amount, the PARTICIPANT will provide an additional deposit within fourteen <br /> ( 14) calendar days of notification from the DEPARTMENT or prior to posting of <br /> the accepted bid , whichever is earlier, so that the total deposit is equal to the bid <br /> amount plus allowances . The DEPARTMENT will notify the PARTICIPANT as <br /> soon as it becomes apparent the accepted bid amount plus allowances are in <br /> excess of the advance deposit amount; however, failure of the DEPARTMENT <br /> to so notify the PARTICIPANT shall not relieve the PARTICIPANT from its <br /> obligation to pay for its full participation . If the PARTICIPANT cannot provide the <br /> additional deposit within fourteen ( 14) days , a letter must be submitted to and <br /> approved by the DEPARTMENT' S project manager indicating when the deposit <br /> 2 of 9 <br />
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