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Contract Number: CSFA/CFDA Number: DEPARTMENT FUNDED AGREEMENT BETWEEN STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION AND THE CITY OF SUNNY ISLES BEACH THIS AGREEMENT is made and entered into this day of 20 , between the State of Florida Department of Transportation, a component agency of the State of Florida, hereinafter referred to as the "DEPARTMENT", and the City of Sunny Isles Beach, a municipal corporation of the State of Florida, existing under the Laws of the State of Florida, hereinafter referred to as the "CITY." The DEPARTMENT and the CITY are herein referred to, collectively, as the "Parties," and each, individually, as a "Party." RECITALS: WHEREAS, the Parties entered into a Department Funded Agreement (Contract No. AS874) on January 23, 2018 ("Contract AS874"), designating and setting forth the responsibilities of each Party relating to Financial Project Number 430949-3-58-01 (the "PROJECT"), whereby the CITY agreed to fund the increased cost of installing decorative lighting, including pedestrian lighting at several intersections on SR AIA/Collins Avenue from Bayview Drive to SR 856/192nd Street (the "Project Limits"), and the DEPARTMENT agreed to reimburse the CITY for eligible PROJECT costs up to a maximum limiting amount set forth in Contract AS874; and WHEREAS, the Agreement was extended by Extension of Contract Term 1 dated December 17, 2019, Extension of Contract Term 2 dated December 9, 2020, and Extension of Contract Term 3 dated December 13, 2021, and Extension of Contract Term 4 dated December 16, 2022; and WHEREAS, certain elements of the PROJECT were not completed before Contract AS874 expired on June 30, 2023 (the "Outstanding Work"); and WHEREAS, the purpose of this Agreement is to designate and set forth the responsibilities of each Party pertaining to the Outstanding Work, which said Outstanding Work is described in the attached Exhibit "A" — Scope of Services, incorporated herein by reference; and WHEREAS, the Parties are authorized to enter into this Agreement pursuant to Section 339.08(e) and 339.12, Florida Statutes ("F.S."); and NOW, THEREFORE, in consideration of the premises, the mutual covenants and other valuable considerations contained herein, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows: Page 1 of 21 Department Funded Agreement between the Florida Department of Transportation and the CITY Financial Project Number # 430949-3-58-01 174