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1 � 7 � <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 /> 11.42.06 Purchase/Installation of a bus lift. <br /> 11.44.02 Construction of a Facility Improvement. <br /> ITEM 3 -AMOUNT OF GRANT <br /> The estimated Net Project Cost is $105,000. 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 $21,000. 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 /> Department, all or part of this local share to be contributed by the Grantee may be provided by the <br /> Grantee in the form of contributions of professional, technical, or other services. <br /> ITEM 4-THE PROJECT BUDGET <br /> The Approved Project Budget is set forth in Exhibit"B" hereto. A Project Budget shall be prepared <br /> and maintained by the Grantee. The Grantee shall carry out the Project and shall incur obligations <br /> against and make disbursements of project funds only in conformity with the latest Approved Project <br /> Budget(except as expressly provided for in ITEM 11 (c)). The Approved Project Budget may be <br /> revised from time to time upon approval by authorized Department personnel, but no Budget or <br /> revision thereof shall be effective unless and until the Department shall have approved the same in <br /> writing. However, any amendment to the Approved Project Budget shall be in accordance with the <br /> provisions of ITEM 33. <br /> ITEM 5-DOCUMENTS FORMING THIS AGREEMENT <br /> The Parties agree that this constitutes the entire Agreement between the Parties hereto, that there <br /> are no agreements or understandings, implied or expressed, except as specifically set forth in the <br /> Agreement, and that all prior arrangements and understandings related hereto are merged into or <br /> are superseded by this Agreement. <br /> State Capital Grant <br /> Paqe 5 <br />