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<br />I" '. <br /> <br />FM # 407630-1-A8-01 <br />CONTRACT #ANFI7 <br /> <br />EXIDBIT "B" <br />STANDARD FINANCIAL PROVISIONS <br /> <br />This exhibit forms an integral part of that certain Joint Participation Agreement between the State of Florida, <br />Department of Transportation and the City of Sunny Isles Beach. 17070 Collins Avenue. Suite 250. Sunny <br />Isles Beach. Florida.. 33160, dated -:ra.nu.o..~ ' ~OO'i-. <br />I <br /> <br />The Department agrees to reimburse the City for the herein described services at a compensation as detailed <br />in this Agreement. <br /> <br />This statement supersedes the statement in Section 8.12 of the Agreement. Travel costs will not be <br />reimbursed. <br /> <br />This paragraph superseded Section 22.00 of the Agreement. Upon receipt, the Department has ten (10) <br />working days to inspect and approve the goods and services. The Department has 20 days to deliver a request <br />for payment (voucher) to the Department of Banking and Finance. The 20 days are measured from the latter of <br />the date the invoice is received or the goods or services are received, inspected and approved. <br /> <br />The Department's obligation to pay is contingent upon an annual appropriation by the Florida Legislature. <br /> <br />I. <br /> <br />ESTIMATED PROJECT BUDGET: <br />Roadway Construction Subtotal <br />Design CEI Administration <br />Contingency (25%) <br /> <br />$4,269,383.00 <br />$3,255,506.00 <br />$200,000.00 <br />$813,877.00 <br /> <br />ESTIMATED TOTAL PROJECT COST: <br /> <br />$4,269,383.00 <br /> <br />II. FUND PARTICIPATION: <br /> <br />Maximum Federal Participation <br /> <br />(0%) <br /> <br />or $0.00 <br /> <br />Public Agency Participation <br />In- Kind <br />Cash <br />Other <br /> <br />(0%) <br />(30%) <br />(0%) <br /> <br />$0.00 <br />$1,269,383.00 <br />$0.00 <br /> <br />Maximum Department Participation, <br />Primary <br />(D) <br />Federal Reimbursable (DU)(FRA)(DFTA) <br />Local Reimbursable (DL) <br /> <br />(70%) <br />(0%) <br />(0%) <br /> <br />or $3,000,000.00 <br />or $ 0.00 <br />or $ 0.00 <br /> <br />TOTAL PROJECT COST <br /> <br />$4,269,383.00 <br />