GRANT DISBURSEMENT

This grant disbursement agreement, identified as contract G3R28, is a Local Agency Program Agreement between the Florida Department of Transportation and Lake County for the Rolling Acres Road project. The project scope covers the area from south of County Road 466 to north of US27/US441, with a total project cost of 900,000.00 dollars funded through federal sources. The agreement establishes the authority and requirements for the project, setting a final completion deadline of January 31, 2028. Financial administration of the contract includes an initial encumbrance of 450,000.00 dollars. The agreement specifies strict invoicing protocols, requiring an initial invoice to be submitted within 90 days of the Notice to Proceed, with subsequent requests for payment submitted on a monthly or quarterly basis. Payments are tied to the successful completion of deliverables as outlined in the project exhibits.