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maintained by the local governmental entity, or if FDOT needs the right-of-way for transportation <br />purposes. A Deposit, Performance Bond, or Letter of Credit is required as part of the CAF Agreement. <br />For the three entryway signs, the required amount is $35,000, which will be held by FDOT for the term <br />of the 30-year agreement. <br />Finalizing the CAF Agreement must be accompanied by a resolution of the local governmental entity <br />indicating their full financial responsibility for the feature's design, construction, and maintenance <br />during its lifespan and must indicate the office or position title within the local agency with approval <br />authority to execute the CAF agreement. This resolution will provide the City Manager authority to <br />execute the CAF agreement. <br />The CAF Agreement is attached to this memo along with the previously approved concept plans for the <br />proposed signs. <br />FUNDING SOURCE: <br />Funds shall be appropriated to Account No. 160-6-5730-464150-99016 through a budget amendment. <br />Upon approval by the Commission, payment will be processed in accordance with established <br />procedures. <br />ATTACHMENTS: <br />Resolution <br />Community Aesthetic Feature Agreement <br />Concepts <br />Item Number: 9.E <br />620 <br />