R2002-06 AUTHORIZING AN AGREEMENT

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ITEM 2 -THE PROJECT The Grantee agrees to undertake and complete the Project and to provide for the use of Project Facilities, in the manner set forth in the Grantee's final application that has been approved by the Department, for the amounts set forth in the Approved Project Budget, a copy of which is attached hereto and incorporated herein as Exhibit"B", and in accordance with the requirements of this Agreement and all applicable laws. The Project; which is more particularly described in the plans, specifications and schedules set forth in the Grantee's final approved application, is generally described as follows: 11.32.09 Purchase of bus route signs. 11.32.10 Purchase of bus passenger shelters. 11.42.06 Purchase of shop equipment. 11.42.11 Purchase of a support vehicle. � 11.43.02 Construction of a fuel station canopy. 11.44.02 Upgrade bus washer. 11.62.02 Purchase and installation of radio equipment. ITEM 3 -AMOUNT OF GRANT The estimated Net Project Cost is $141,400. The Department agrees to make a grant reimbursing the Grantee in an amount equal to 20 percent of the actual Net Project Cost, as determined by the Department upon completion of the Project, in an amount not to exceed $28,280. Howerrer, the Department, at its sole discretion, may agree to increase the amount of the Grant in excess of the amount specified herein but in no event shall the total amount provided by the Department under this _ Agreement or any subsequent Amendment to this Agreement exceed 20 percent of the actual Net Project Cost. No liability shall be incurred by the State in excess of the aforementioned amount(s)of the Grant. The Grantee agrees that it will provide, or cause to be provided from sources other than (a) State funds, (b)federal funds, (c) receipts from the use of Project Facilities, or(d)operating revenues of the ublic trans ortation � stem funds in an amaunt e ual to the actual Net Project Cost less the p P Y , 4 amount of the federal fund(s) made in connection with this Grant and less the amount of the State � Grant, as shown in the Approved Project Budget. With the express prior written approval of the Department, all or part of this rocal share to be contributed by the Grantee may be provided by the Grantee in the form of contributions of professional, technical, or other services. 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 should be in accordance with the provisions of ITEM 33. State Capital Grant Page �J � .