CN-370000-PL214-A1.pdf

This document is Amendment No. 1 to DEP Contract No. PL214, a state contract entered into on May 13, 2010, between the Florida Department of Environmental Protection (FDEP) and First Title and Abstract, Inc. The amendment was executed on April 11, 2013, and modifies the original contract terms based on Chapter 2010-151 of Florida law, which required state agencies to renegotiate existing contracts with private providers to reduce contract payments. The contract managers are Donna Ayres and Judy Warrick.

The contract provides title products and closing services for real estate transactions within Region 3. Services include title searches and commitments ($266.75 per parcel), ownership and encumbrance reports ($194.00 per parcel), title insurance policies at promulgated rates less 3%, unrelated title searches ($266.75 per parcel), updates ($48.50 per parcel), endorsements ($24.25 per endorsement), closing services fees ($169.75 per closing), quick response products ($48.50 per hour), and resolution of closing issues and problem-solving with senior closers and closers available on-site and off-site at hourly rates ranging from $19.40 to $48.50 per hour. Additional services include general title research ($33.95 per hour) and expert witness services ($48.50 per hour). Travel is compensated in accordance with Florida Statutes Section 112.061 for authorized department-requested activities. Amendment No. 1 exercises the first renewal option, extending the contract completion date from May 12, 2013, to May 12, 2015, and replaces the original Attachment D Rate Schedule with a revised rate schedule reflecting the negotiated rate reductions.