MEMORANDUM OF AGREEMENT - FPN 256890-1-56-03&F � � i � 7 4 � ..
�'N) a AGf�EEMEi�T, ma�� �nd �nt�r��i into this �Z �d�y of _...._.�__.____... ,
2t?1 y, by ar�d be�ve�n the State of �lc�ri�a� Dep�artm�r►t of Tr�nspc�rt�tic��, i�ereinafter
e�ferr�d tc� �s "F�QT" and t�e State c�f �I�rida, C�epar�tm�r�t of Fin�nci�1 �ervi���,
�iuisicrn �f Tr�asur}r, h�r�in�fter referr�d t� �s "�REASURY'" and C� +�f ���arwat�r,.
h�r�ir�after r�f�rr�d tc� as the "'PARTICIPA�T`°a
W1TI�E��ETH
WNER��,�, �`Q�T is currer�tly cc�nstr�a�iin� �h�: fc�il�wir�c� prQj�;�t:.
. ' s ♦ .*i
s .
h�reinaft�r referred te� a� the ",P�t#�JE�T"".
WHEREAS, FD�fi and the PARTICIPA�IT ertter�d int€� a t�.o�ally Eur�cie�i
Agreem�nt dated �llarch �#'� 2006, wher�in FDC�T ag�eed tc� p�rfiartn certain wark c�n
b�h�alf c�f th� PART{Cli'A�IT in conjuncti+�n witt� the PRt�JECT.
V1IHEREAS, �h� parties ta this AGRE�MENT rnutualfy agr�ed th�t it v�roufd b� ir�
the best intere�t �f F�4T and ih� PARTiCIPA,NT to estak�{ish an inter�st be�rir��
escrr�uv account to �r4viti� funds f+ar the work �erfc�rm�d €�n the PRC3JECT or� b���lf c�f
the PAF�TICIPA�T by FDC3T.
I��W THERE�UF2E, ir� ccansid�rati�n of the pr+�mises and th� covenants
c�ntairted herein, th� p�rtie� ac�r�e to �he follc�v�ing:
'1, An ir�itial c��pa�it in the a�rao�r�t t�� Nine Hundred eicahteet� #h�us�nci s€x
hcs�dree� an� elev�n dollars (��18,61'�) wiI! b� rr�ade by the PARTI�IF'P.i�T inta �n
�nt�rest i��aring escrc�� accc�t�nt e�tablished by FQt?T for the �ur�oses of the
PRU,JECT. �aid �scr�w account will be openec# with the TREASU�Y c�n b�i��lf r�f
FQ(�T up�n receipt c�f this Memorand�rn c�f Ag�-eemer�t. Such ���ou�t wili be an a�s�t
af FDC�T.
2: C�th�r depc�sit� may b� rr�ade b�+ fih� PARTICIPA�T as r�ec�ss�ry tc� cover
�ost incr�a��� or the �ost r�f �dditianal work prior t� the executic�n of �ny 5��?p�ementaf
�g�eements c�r Amenc�ments.
�" ♦"� ..n #�° �' #� � r • ! � r • �#
t.c:�! �l1/It'�; �C�(IS��C
� �(��'i i���lt3Si$
� ��i�Ci(
. . •�� ' ���ra � t � *�► +�• � a�. � ��^ . � �r �! i^ ��
i •' � l��� �i �i . x �i`�! f,�
Fc�r wire tr�n�fers: Bank of Arr��ri�a
Ac�t��ni # (��?1 f7fJ9C?68�?4
ABA � �i��t1�9593
��"It�� �it"1�C1Gl�1� ��I���" �f ��{�t°I£��
Re: C?UT — I� '(1-78, Fir�ancia( �rc�jec# �#
F't�r ACN t�ept��it�: Bank of Arr�eric�
�ccc�unt # �1�10t}9�368�74
AB� # {�631 �}C}�77
�hief Financial Q�cer of Flarid�
Re: DC�T — k� 11-76, Fin�ncial Praject # 2���9�-�-��-(��
If a c�e�k is the m��h+ar� of payment, the �h�ck sh�il b� mad� payable �c� kh�
Dep�rtment �f Finar�cia{ Services, R�venue Prc�c�ssirtg and t�nailed t� F[�C1T, t�U�_
GAC3 for �ppr�pei�te prc�cessing a� th�e fal�c�wing addres�:
Flc�rid� C7epartment af �`ranspartatiar�
C�C3C-�/�C�, t,FA,�ecti�rr�
�Q� Suwannee Stree#, MS 4�E�
Tallahassee, FE�rid� 3�3�9
A ca�py nf thi� Agr��m��t shoutd ��campany any dep�rsits. 4Nhen t�e ci�eck is
rr�ail�d t� Tallahassee, th� C?istri�t C�ffice �houl�i instruct th� PA�2TI'C1PA�1T tt�
mail the t3i�sirict �}�`f�e a�opy c�� the �heck.
4�, FC7C�T's Cc�m�tre�ll�r c�r �esign�e �ha1l �� th� s�le sic�n�tori�� c�n the
e:scrc�w �ccc�unt v�rith t�� TF�E�SURY_and s�hall have soie �utht�rit�r tc� authc�riz�
witt�dr��nrais from said ��cc�t�nt.
5. l�nless instru�ted c�therwise k�y t�e FDUT, all interest �ccumulatec� in th�
�scrav►r accc�u�t �hall remain ir� the accc��ant for the pt�rpt�se� of the �'ROJECT ��
d�fined in the LFA,
6. The TRE��tJRY �e�re�s tc� prc�vici� tirvritten c�r�fiirmatic�n ofi receipt Qf �und�
tit� FDt�T.
7. The TREASURY further �gr�es ts� prouid� p�rit�dic rep�rks ter �L��T.
♦ � . 5
._ � u f� _ �
Y � � �� �
4P .. ~ g a� i s y s lY. r-� � �Y, -.
� � 1�
� � � � a
, /
`�� � :�...� ��LL �
r
v a.. �. #�►..� �
� r y r � i a
i i � . � . M ♦ ��. •
t
// / / � `�
lIY j • � . f y, . y . �' .
�
K w � `
+ r � + i t '
a
11 � �. (�sce�(a Av�nue
Clearwa#er �lor�d� 337�6
'RARTI�iPA�1T AQ��€ES�
• .11: . •
� r '� i # � � w r
Countersigned:
-- C{e�/�t /1 c�t �C �45.
George N. Cretekos
Mayor
Approved as to form:
;•
Leslie K. Dougall- i s
Assistant City Attor
CITY OF CLEARWATER, FLORIDA
BY� „w. . ��'�
iliiam B. Horne II
City Manager
Attest:
,� (1d.t.`1( � ��
Rosemarie Call
City Clerk
�� ��,�FryF�'�
V �� � /,, �
n � �
�.
��A._ -` � Q