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Docusign Envelope ID: DD6419B1-D058-4328-B4A1-B466EB9BEA06 <br />FPN: 450583-2-32-01 <br />Page 5 of 12 <br />and sixty days (360) of final payment to the Contractor. The DEPARTMENT considers <br />the Project complete when the final payment has been made to the Contractor, not when <br />the construction work is complete. All project cost records and accounts shall be subject <br />to audit by a representative of the LOCAL GOVERNMENT for a period of three (3) years <br />after final close out of the project. The LOCAL GOVERNMENT will be notified of the final <br />cost. Both parties agree that in the event the final accounting of total project costs <br />pursuant to the terms of this agreement is less than the total deposits to date, a refund of <br />the excess will be made by the DEPARTMENT to the LOCAL GOVERNMENT. If the <br />final accounting is not performed within three hundred and sixty (360) days, the LOCAL <br />GOVERNMENT is not relieved from its obligation to pay. <br />(H) In the event the final accounting of total project costs is greater than the <br />total deposits to date, the LOCAL GOVERNMENT will pay the additional amount within <br />forty (40) calendar days from the date of the invoice from the DEPARTMENT. The <br />LOCAL GOVERNMENT agrees to pay interest at a rate as established pursuant to <br />Section 55.03, F. S., on any invoice not paid within forty (40) calendar days until the <br />invoice is paid. <br />(1) The payment of funds under this Locally Funded Agreement will be made <br />directly to the DEPARTMENT for deposit and as provided in the attached escrow <br />agreement between LOCAL GOVERNMENT, DEPARTMENT and the State of Florida, <br />Department of Financial Services, Division of Treasury. <br />(J) Contact Persons: <br />DEPARTMENT <br />District 5 Local Programs <br />719 South Woodland Boulevard, M.S. 4-520 <br />Deland, Florida 32720-6834 <br />(386) 943-5486 <br />D5-LocalPrograms(a-)dot.state.fl.us <br />LOCAL GOVERNMENT <br />Kelly Brock <br />Public Works Director <br />City of Casselberry <br />95 Triplet Lake Drive <br />Casselberry, Florida 32707 <br />(407) 262-7725 Extension: 1235 <br />kbrock(a)casselberry.org <br />