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The MOA is a benefit to both the DEPARTMENT and the PARTICIPANT . Interest <br /> earned will be applied to any additional costs of the PARTICIPANT . Any unused <br /> funds , including interest, will be provided to the PARTICIPANT after the final <br /> accounting of the Project has been performed . <br /> ( B) In addition to the amount to be paid by the PARTICIPANT previously stated in <br /> paragraph 5A, the PARTICIPANT agrees to pay to the DEPARTMENT the amount <br /> of TWO HUNDRED TWENTY THOUSAND TWO HUNDRED EIGHTEEN <br /> DOLLARS ($220, 218.00) for Project costs . The PARTICIPANT share of TWO <br /> HUNDRED TWENTY THOUSAND TWO HUNDRED EIGHTEEN DOLLARS <br /> ($220 ,218 .00) is non -refundable . If the actual cost of the Project is less than the funds <br /> provided the excess will be applied to other phases of the Project. <br /> i . Should Project modifications occur that increase the PARTICIPANT'S share of <br /> total Project Costs , the PARTICIPANT will be notified by the DEPARTMENT <br /> accordingly. The PARTICIPANT agrees to provide , without delay, in advance of <br /> the additional work being performed , adequate funds to ensure that cash on <br /> deposit with the DEPARTMENT is sufficient to fully fund its share of the Project . <br /> The DEPARTMENT shall notify the PARTICIPANT as soon as it becomes apparent <br /> the actual cost will overrun the award amount; however, failure of the <br /> DEPARTMENT to so notify the PARTICIPANT shall not relieve the PARTICIPANT <br /> from its obligation to pay for its full participation . Funds due from the <br /> PARTICIPANT during the Project not paid within forty (40) calendar days from the <br /> date of the invoice are subject to interest charge at a rate established pursuant to <br /> Section 55. 03, Florida Statutes. <br /> The PARTICIPANT agrees that it will , within thirty (30) days of the execution of this Agreement, <br /> furnish the DEPARTMENT with a check in the amount of FIVE HUNDRED FIFTEEN <br /> THOUSAND SIX HUNDRED SEVENTY EIGHT DOLLARS ($515,678 .00) towards the <br /> Project Costs . <br /> Remittance shall be made payable to the Department of Financial Services , Revenue <br /> Processing . Payment shall be clearly marked to indicate that it is to be applied to FM <br /> Project No . : 230872-1 -52 -01 & 230872-1 -5A-01 . The DEPARTMENT shall utilize this <br /> amount towards costs of Project 230872 -1 -52-01 & 230872-1 -5A-01 . <br /> Payment shall be mailed to : <br /> Florida Department of Transportation <br /> Professional Services Unit <br /> Attention : Leos A. Kennedy, Jr. <br /> 3400 West Commercial Boulevard <br /> Fort Lauderdale , FL 33309-3421 <br /> 4of9 <br />