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B. "Net Project Cost"means the sum of the eligible costs incurred in performing the work on the <br /> Project, including work done by the Grantee, less proceeds from sale of scrap and replaced <br /> facilities. <br /> C. "Project"means the mass transportation capital project for which state funds are to be used by <br /> the Grantee pursuant to this Agreement, as described in the Grantee's finat approved <br /> application. <br /> D. "Project Facilities"means any facilities, equipment or real property purchased, acquired, <br /> constructed, improved, renovated or refurbished as part of the Project. <br /> E. "Contracto�'or"Third Party Contractoi" means a vendor or contractor of the Grantee paid or <br /> financed in whole or in part with state assistance. <br /> ITEM 2-THE PROJECT � <br /> The Grantee agrees to undertake and complete the Project and to provide for the use of Project <br /> Facilities, in the manner set forth in the Grantee's final application that has been approved by the <br /> Department,for the amounts set forth in the Approved Project Budget, a copy of which is attached <br /> hereto and incorporated herein as Exhibit"B", and in accordance with the requirements of this <br /> Agreement and all applicable laws. The Project,which is more particularly described in the plans, <br /> specifications and schedules set forth in the Grantee's final approved application, is generally <br /> described as follows: <br /> 11.32.09 Purchase of bus route signs. <br /> 11.32.10 Purchase of bus passenger shelters. <br /> 11.42.06 Purchase of shop equipment. <br /> 11.42.11 Purchase of a suaaort vehicle. <br /> 11.43.02 Construction of a fue►station canopv. <br /> 11.44.02 Upqrade bus washer. <br /> 11.62.02 Purchase and installation of radio equipment. <br /> ITEM 3-AMOUNT OF GRANT <br /> The estimated Net Project Cost is 141 400. The Department agrees to make a grant reimbursing <br /> the Grantee in an amount equal to 20 percent of the actual Net Project Cost, as determined by the <br /> Department upon completion of the Project, in an amount not to exceed 28 280. However, the <br /> Department, at its sole discretion, may agree to increase the amount of the Grant in excess of the <br /> amount specified herein but in no event shall the total amount provided by the Department under this <br /> Agreement or any subsequent Amendment to this Agreement exceed 20 percent of the actual Net <br /> Project Cost. <br /> No liability shall be incurred by the State in excess of the aforementioned amount(s)of the Grant. <br /> The Grantee agrees that it will provide, or cause to be provided from sources other than (a)State <br /> funds, (b)federal funds, (c)receipts from the use of Project Facilities, or(d)operating revenues of <br /> the public transportation system,funds in an amount equal to the actual Net Project Cost less the <br /> amount of the federal fund(s) made in connection with this Grant and less the amount of the State <br /> Grant, as shown in the Approved Project Budget. With the express prior written approval of the <br /> State Capital Grant <br /> Pa qe 5 <br />