R2011-08 AUTHORIZING EXECUTION OF AN AMENDED CAPITAL ASSISTANCE GRANT AGREEMENT

Home Browse Search

CAP-10-962-ARRA, Contract No. 4021 ITEM 4-THE PROJECT BUDGET The Approved Project Budget is set forth in Exhibit"B" hereto. 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 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 should be in accordance with the provisions of ITEM 32. ITEM 5-DOCUMENTS FORMING THIS AGREEMENT The Parties agree that this Agreement constitutes the entire agreement between the Parties hereto, that there are no agreements or understandings, implied or expressed, except as specifically set forth in this Agreement, and that all prior arrangements and understandings related hereto are merged into or superseded by this Agreement. The Parties hereto further agree that this Agreement consists of this State/Federal Capital Assistance Grant Agreement; together with Exhibit"A" entitled "Grantee's Application" (on file with the Department); Exhibit"B" entitled "Approved Project Budget"; Exhibit"C" entitled "IDOT& FTA Assistance Programs Certifications and Assurances" (on file with the Department); Exhibit"D" entitled "Grantee's Board Resolution"(on file with the Department); Exhibit"E" entitled "U.S. Department of Labor Transit Employee Protective Requirements Certification" (on file with the Department), and Exhibit"F", 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 Recoverv Act-This Grant is subject to the Illinois Grant Funds Recovery Act, 30 ILCS 705/1. This Grant is valid until June 30, 2015, and grant funds are available to the Grantee and may be expended 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. B. Failure to Appropriate Funds-This Grant, and the processing of any requisitions and the payment , of any funds under this Agreement is contingent upon the availability of sufficient funds I, appropriated to the Department by the Illinois General Assembly. The Grantee understands and �'i agrees that the obligations of the Department to make any grants or payments under this Agreement are conditional upon funds being appropriated therefore by the General Assembly, and �, State/Federal Capital Grant Page 7