21-3229 - Agreement with FDOT - Quail Pond Cir

Home Browse Search

DocuSign Envelope ID: DC65DB65-E7B9498D-AOD7-6996061581FE FPN: 442861-2-62-01 Page 3 of 9 accordance with Section 339.08(1), F.S., State funding cannot be used for payments of non -participating costs on this Project. (C) Should such shortfalls occur, due to a determination that said costs are non -participating, the LOCAL GOVERNMENT agrees to provide, without delay adequate funds to ensure that cash on deposit with the DEPARTMENT is sufficient to fully fund the shortfall. The DEPARTMENT shall notify the LOCAL GOVERNMENT as soon as it becomes apparent there is a shortfall; however, failure of the DEPARTMENT to so notify the LOCAL GOVERNMENT shall not relieve the LOCAL GOVERNMENT from its obligation to pay for its full participation of Federal -Aid Non -Participating Costs during the project and on final accounting, as provided herein below. (D) The estimated total cost as set forth in the DEPARTMENT'S adopted work program for this Project is $73,641.00 (Seventy -Three Thousand Six Hundred Forty -One Dollars and No/100). The estimated LOCAL GOVERNMENT share for 100% of the non-federal portion of the project is $33,875.00 (Thirty -Three Thousand Eight Hundred Seventy -Five Dollars and No/100). (E) The LOCAL GOVERNMENT agrees that it will, on or before but no later than May 18. 2021, furnish the DEPARTMENT an advance deposit in the amount of $33,875.00 (Thirty -Three Thousand Eight Hundred Seventy -Five Dollars and No/100). The deposit shall be the total estimated Federal -Aid Non -Participating Costs. (F) If the Federal -Aid Non -Participating Costs are in excess of the advance deposit amount, the LOCAL GOVERNMENT will provide, without delay, an additional deposit within fourteen (14) calendar days of notification from the DEPARTMENT, so that the total deposit is equal to the Federal -Aid Non -Participating Costs. The DEPARTMENT will notify the LOCAL GOVERNMENT as soon as it becomes apparent the Federal -Aid Non -Participating Costs are in excess of the advance deposit amount. However, failure of the DEPARTMENT to so notify the LOCAL GOVERNMENT shall not relieve the LOCAL GOVERNMENT from its obligation to pay for its full participation on final accounting as provided herein below. If the LOCAL GOVERNMENT cannot provide the additional deposit within fourteen (14) days, a letter must be submitted to and approved by the DEPARTMENT's project manager indicating when the deposit will be made. The LOCAL GOVERNMENT understands the request and approval of the additional time could delay the project, and additional costs may be incurred due to delay of the project. (G) If the Federal -Aid Non -Participating Costs are less than the advance deposit amount, the DEPARTMENT will refund the amount that the advance deposit