Common use of Roads and Vehicular Circulation Clause in Contracts

Roads and Vehicular Circulation. (a) The University and the City agree that the University’s responsibility for paying its fair share to mitigate the deficiencies identified in Section 10.6.2 has been met by the University’s payment to the City of Lakeland of its total fair share cost in the amount of $5,029,906.00: (1) The University provided funding in the amount of $2,498,751.00 to the City for I-4 @ Socrum Loop Road to CR 659. (2) The University provided funding in the amount of $1,825,046.00 to the City for CR 659 to University Boulevard (▇▇▇▇▇▇▇▇ DRI Roadway). (3) The University provided funding in the amount of $706,110.00 to the City for University Boulevard to I-4 (Exit 33). (b) The University and the City agree that the University’s responsibility for paying its fair share of the costs of improvements identified in Section 10.6.2 of this Agreement was met by providing funding to support the following roadway improvements, the total cost of which does not exceed the University total fair share cost of $67,000.00: (1) The University provided funding in the amount of $35,000.00 for an alignment study for State Road 33. (2) The University provided funding in the amount of $32,000.00 for two mast arm traffic signals at the I-4 ramps.