R2006-111 AUTHORIZING MUNICIPAL BROWNFIELDS REDEVELOPMENT GRANT AGREEMENT

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The complete grant budget is contained in the attached grant application. Budgeted costs include: Cost Cate�ory Project Cost Maximum Grant Amount- 70% Direct Labor Costs $37,567.50 $15,740.00 Other Direct Costs $11,310.00 $7,370.00 Subagreements $36,516.00 $36,516.00 Total Project Cost $85,393.50 $59,626.00 II. AGENCY Agreements The AGENCY hereby agrees to provide financial assistance to the GRANTEE, in accordance with the authority provided under Section 58.13 of the Illinois Environmental Protection Act, 415 ILCS 5/58.13, using funds appropriated for this purpose by the Illinois General Assembly, in a sum not exceeding the amount specified to be the grant amount in Section I.3.a of this Agreement, for the brownfields redevelopment project detailed in the attached grant application. Provided,however, that obligations of the State will cease immediately, without further payment being required, if in any fiscal year the Illinois General Assembly or federal funding source fails to appropriate or otherwise to make available sums sufficient to fund the grant that is the subject of this Agreement. This grant commitment is subject to all applicable State and Federal statutory and regulatory provisions, AGENCY rules governing brownfields redevelopment grants as contained in 35 Ill. Adm. Code 885, and the terms specified in the grant award notification, attached hereto and incorporated herein by reference. l. Reimbursement The AGENCY agrees to reimburse the GRANTEE, in accardance with the AGENCY rules governing brownfields redevelopment grants as contained in 35 Illinois Administrative Code, Part 885. 2. Downward Renegotiations/Recoupment The AGENCY reserves the right to renegotiate the grant award downward or to recoup grant sums paid to the GRANTEE if the cost summary infortnation set forth in the attached grant application and in Section I.S. of this Agreement is determined, as a result of audit or review, not to have been complete, current and accurate as of the date of execution of this Agreement.