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2003-017
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2003-017
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Last modified
9/2/2016 11:56:32 AM
Creation date
9/30/2015 6:15:49 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
01/21/2003
Control Number
2003-017
Agenda Item Number
11.G.4.
Entity Name
Florida Department of Transportation
Subject
Stormwater improvements
Area
SR%/US 1 from 41st St. to north of 42nd Place
Archived Roll/Disk#
3160
Supplemental fields
SmeadsoftID
2803
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` EXHIBIT B <br /> METHOD OF COMPENSATION <br /> 1. The total project cost is estimated to be SIX HUNDRED FORTY EIGHT THOUSAND DOLLARS <br /> ($648,000.00). The estimated cost within US-1 right-of-way is ONE HUNDRED SIXTY-SIX <br /> THOUSAND SIX HUNDRED NINETY-FIVE ($166,695.00). Based on the Contributing Area (CA) <br /> method,the DEPARTMENT's maximum participation is calculated to be FORTY-FOUR THOUSAND <br /> FIVE HUNDRED EIGHT ($44,508.00). The CA method divides the project cost according to the <br /> percentage of area contributing stormwater runoff to the system. Payment shall be made in two <br /> installments for services described in the attached Scope of Services. TWENTY-TWO THOUSAND <br /> TWO HUNDRED FIFTY-FOUR DOLLARS($22,254.00)will be paid at THE END OF HALF OF THE <br /> CONSTRUCTION TIME upon the Department's receipt of documented costs. The construction time <br /> is estimated to be 180 days. At 100% project completion, as determined solely by the <br /> DEPARTMENT's Project Manager, the DEPARTMENT will pay the balance of actual costs incurred <br /> up to the amount of the DEPARTMENT's contribution not to exceed a total reimbursement of FORTY- <br /> FOUR THOUSAND FIVE HUNDRED EIGHT DOLLARS ($44,508.00). Payment by the <br /> DEPARTMENT will be based upon documentation of costs incurred,associated progress reports,and <br /> as-built plans submitted by the PARTICIPANT. <br /> 2. The invoice(s) requesting payment under this agreement, together with a progress report, shall be <br /> sent to: <br /> Florida Department of Transportation — District 4 <br /> 3400 West Commercial Boulevard <br /> Fort Lauderdale, FL 33309-3421 <br /> Attention: Antonette P. Adams <br /> Professional Service Unit <br /> 7 <br />
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