HomeMy WebLinkAbout2007-194 07
JUL 2 0 2007
Florida Department of Transportation
( H kRHE t aM PROFESSIONAL AND CONTRACTUAL SERVICES — DISTRICT 4 s rer11 % N11 ( . horcl .Ot sos
GOON RN014 3400 West Commercial Boulevard, Fort Lauderdale, Florida 33309-3421 SE'( 'RE I .( H\
Telephone: (954) 777-4603 Fa : (954) 777-4602
July 17 , 2007
Mr. Jim Davis , P . E .
Public Works Department
Indian River County
184025 1h Street
Vero Beach , FL 32960-3365
RE : Roadway Transfer Agreement
FM Number: 413803 -1 -52-01
Description : Milling and Resurfacing of CR-510/Wabasso Causeway from US -1 to
SR-AlA in Indian River County
Dear Mr. Davis :
Enclosed please find a copy of a fully executed Memorandum of Agreement ( MOA) for the
above referenced project . Said documents are to be retained for your records .
If you have any questions , please do not hesitate to contact me . I can be reached at (954 )
777-2285 .
Sincerely,
Leos A . Kennedy, Jr.
Professional Services Unit
District Four
Ik/s
enc : MOA
copy: Doug O' Hara , Project Manager
File
xcwu .dot. state . ff us
6t-� o �
• z7d7 - Iq
MOA if the County sends a check
MEMORANDUM OF AGREEMENT
THIS AGREEMENT, made and entered into this ) f t , day of � 200_1
by and between the State of Florida, Department of Transportation, hereinafte referred to as
" FDOT" and the State of Florida, Department of Financial Services, Division of Treasury and
INDIAN RIVER COUNTY hereinafter referred to as the " Participant" .
WITNESSETH
WHEREAS, " FDOT" is currently constructing the following project:
Financial Project Number: 413803- 1-52-01
County : INDIAN RIVER COUNTY
hereinafter referred to as the " Project' .
WHEREAS, FDOTand the Participant entered into a Roadway Transfer Agreement (RTA)
dated June 14, 2005, wherein DOT agreed to perform certain work on behalf of the Participant in
conjunction with the Project.
WHEREAS, the parties to this AGREEMENT mutually agreed that it would be in the best
interest of the FDOT and the Participant to establish an interest bearing escrow account to provide
funds for the work performed on the Project on behalf of the Participant by the FDOT.
NOW THEREFORE, in consideration of the premises and the covenants contained herein, the
parties agree to the following :
1 . FDOT and the PARTICIPANT agree that the recitals set forth above are true and
correct and deemed incorporated herein .
2 . An initial deposit in the amount of ONE MILLION FIVE HUNDRED FORTY SIX
THOUSAND DOLLARS ($1,546,000.00) will be made by the Participant into an
interest bearing escrow account established by the FDOT for the purposes of the
Project. Said escrow account will be opened with the Department of Financial
Services, Division of Treasury, Bureau of Collateral Management on behalf of the
FDOT upon receipt of this Memorandum of Agreement. Such account will be an
asset of FDOT.
3 . Other deposits will be made only by the Participant as necessary to cover the cost of
additional work prior to the execution of any Supplemental Agreements.
4. All deposits shall be made payable to the Department of Financial Services, Revenue
Processing and mailed to the FDOT District Four Office. The District Four Office will
then forward the check, along with required documentation to the FDOT Central
Office for appropriate processing at the following address :
MOA if the County sends a check
Florida Department of Transportation
Office of Comptroller
Mail Station #42B
605 Suwannee Street
Tallahassee, Florida 32399
Attention : LFA Section
5 . The FDOTs Comptroller and/or her designees shall be the sole signatories on the
escrow account with the Department of Financial Services and shall have sole
authority to authorize withdrawals from said account .
6 . Unless instructed otherwise by the parties hereto, all interest accumulated in the
escrow account shall remain in the account for the purposes of the project as
defined in the RTA.
7 . The Department of Financial Services agrees to provide written confirmation of
receipt of funds to the FDOT.
8 . The Department of Financial Services further agrees to provide periodic reports to
the FDOT.
QST F FLORIDA STATE OF FLOFWA
DEPARTMENT OF TRANSPORTA DEPARTMENT OF FINANCIAL SERVICES
COMPTROLLER DIVISION OF TREASURY
INDT RIVER O TY
BY:_
PARTICIP T SIGNATURE
Gary C . Wheeler , BCC Chairman
PARTICIPANT NAME & TITLE
1840 25th Street
Vero Beach FL 32960
PARTICIPANT ADDRESS
F_596-000-673
FEDERAL EMPLOYER I . D . NUMBER
stPPl OVE,
CountyA IStraor
APPROVED AS TO FORM
N L JENGM
MART NI E _ FEL /1
ASSISTANT COUNTY ATTORNEY