R2014-116 EXECUTION OF PUBLIC TRANSPORTATION CAPITAL ASSISTANCE GRANT AGREEMENT

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CAP-14-1034-ILL, Contract No. 4464 ITEM 4-THE PROJECT BUDGET The Approved Project Budget is set forth in Exhibit"B" hereto. A Project Budget shall be prepared and maintained by the Grantee. The Grantee shall carry out the Project and shall incur obligations against and make disbursements of project funds only in conformity with the latest Approved Project Budget(except as expressly provided for in ITEM 11 (c)). The Approved Project Budget may be revised from time to time upon approval by authorized Department personnel, but no Budget or revision thereof shall be effective unless and until the Department shall have approved the same in writing. However, any amendment to the Approved Project Budget shall be in accordance with the provisions of ITEM 33. ITEM 5-DOCUMENTS FORMING THIS AGREEMENT The Parties agree that this constitutes the entire Agreement between the Parties hereto, that there are no agreements or understandings, implied or expressed, except as specifically set forth in the Agreement, and that all prior arrangements and understandings related hereto are merged into or are superseded by this Agreement. The Parties hereto further agree that this Agreement consists of this State Capital Grant Agreement; together with Exhibit"A" entitled "Grantee's Application" (on file with the Department); Exhibit "B" entitled "Approved Project Budget'; Exhibit"C" entitled "State of Illinois Drug Free Workplace Certification"; Exhibit"D"entitled "Grantee's Board Resolution" (on file with the Department), and Exhibit E entitled"Business Enterprise Program Certification" [if applicable], all of which are by this reference specifically incorporated herein and made a part hereof. ITEM 6—REVERSION OF GRANT FUNDS A. Illinois Grant Funds Recovery Act-This Grant is subject to the Illinois Grant Funds Recovery Act, 30 ILCS 705/1.This grant agreement is for cost reimbursement only and, in accordance with Section 5 of the Grant Funds Recovery Act(30 ILCS 705/5), it is permitted to have a term of more than two years. This Grant is valid through March 31, 2024, and grant funds are available to the Grantee for costs incurred by the Grantee until said date unless the Department, at its discretion, grants an extension of time. Any grant funds which are not expended or legally obligated by the Grantee at the end of the Grant Agreement or by the expiration of the period of time grant funds are available for expenditure or obligation, whichever is earlier, shall be returned to the Department within 45 days. Project close-out shall be in accordance with the Project Settlement& Close-Out ITEM of this Agreement. This date is subject to further revision at the sole determination and discretion of the Department. Pursuant to Section 4 of the Illinois Grant Funds Recovery Act, 30 ILCS 705/1 et seq.,the Grantee agrees to comply with the quarterly reporting requirements set forth by the Department. In the event that the Grantee fails to comply with the reporting requirements, the Department has the right to withhold or suspend the reimbursement of grant funds to the Grantee. The Grantee also agrees to comply with other requirements of the Illinois Grant Funds Recovery Act whereby the Department, the Auditor General or the Attorney General has the authority to inspect and audit any books, records or papers related to the grant, funds, program or project granted hereunder. State Capital Grant Page 6