EXHIBIT "A" MEMORANDUM OF AGREEMENT/U.S. 19 AT DREW STREET/CLEARWATER WATER AND SEWER DEPARTMENTS
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Exhibit A
5/92
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EXIDBIT "A"
MEMORANDUM OF AGREEMENT
TIllS AGREEMENT, made and entered into this _ day ,199_, by and
between the State of Florida, Department of Transportation, hereinafter referred to as "DOT" and
the State of Florida, Department of Insurance, Division of Treasury, hereinafter referred to as
"Treasurer" and the City of Clearwater - Clearwater Gas System, hereinafter referred to as the
"Participant" .
WITNESSETIi
WHEREAS, "DOT" is currently constructing the following project:
. Financial Project 10: 256957-1-56-01
State Job. No.: 15150-3566
F.A.P. No.:
W.P.I. No.: 7117045
County: Pine lias
hereinafter referred to as the "Project".
WHEREAS, DOT and the Participant entered into a Joint Participation Agreement dated
, 199_, 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 DOT and the Participant if an escrow account were established to provide funds for
the additional work performed on the Project on behalf of the Participant by DOT.
NOW THEREFORE, in consideration of the premises and the covenants contained herein
the parties agree to the following:
1. An initial deposit in the amount of $80,000 (OOIfTYTIflllWlOOOl.lAR) ) will be made by
the "Participant" into an escrow account. Said escrow account will be opened by DOT on behalf
of the Participant in the name of the Florida Department of Transportation with the Department
ofInsurance, Division of Treasury, Bureau of Collateral Securities upon receipt of this
Memorandum of Agreement. Such account will be opened and shall be deemed an asset of DOT.
2. Other deposits will be made only by the Participant as necessary to cover the cost of the
GIS UNE REIDGAWN work prior to the execution of any Supplemental Agreements.
3. All deposits shall be made payable to the Deoartment of Insurance. Revenue Processing
and mailed to the DOT Office of Comptroller for appropriate processing at the following address:
GO'/. .
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Exhibit A
5192
Page 2 of2
FLORIDA DEPARTMENT OF TRANSPORTATION
Office of Comptroller (M.S. 24)
605 Suwannee Street
Tallahassee, Florida 32399.0450
ATfN: JPA Coordinator
A copy of this Agreement shall accompany the deposits.
4. The DOT's Comptroller andlor his designees shall be the sole signatories on the escrow
account with Department ofInsurance and shall have sole authority to authorize withdrawals from
said account.
5. Unless instructed othelWise 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 JP A.
6. The Treasurer agrees to provide written confirmation of receipt of funds to the DOT.
7. The Treasurer's Office further agrees to provide periodic reports to the DOT.
STATE OF FLORIDA
DEPARTMENT OF TRANSPORTATION
COMPTROLLER
STATE OF FLORIDA
DEPARTMENT OF INSURANCE
nrONOFTREASURY
PARTICIPANT SIGNATURE
Michael J: Roberto, City Manager
PARTICIPANT ADDRESS
112 S. Osceola Avenue
Clearwater. FL 33755
59-6000289
FEDERAL TAX J.D.
Attest:
Cy hia E. Goudeau
Ci Clerk
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Clearwater Gas System
Natura' & Propane Ga.
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