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completion of the Project, or(b)the period of the useful life of such Project Facilities as '
<br /> determined in accordance with generally accepted accounting principles and Department '',
<br /> guidelines, whichever period of time is less. If, during such period, such Project Facilities are
<br /> not used for the Project as required by the terms of this Agreement, or are sold or otherwise
<br /> disposed of, or withdrawn from mass transportation service at the initiative of the Grantee, the
<br /> Grantee shall immediately notify the Department, and shall at the DepartmenYs discretion, and
<br /> as provided in Department guidelines, remit to the State a proportional amount of the fair
<br /> market value, if any, of such Project Facilities.
<br /> If the Project Facilities include commuter parking, the Parties agree that users of the commuter
<br /> � parking facilities funded by this Grant may be charged a fee for the use of such facilities, but
<br /> the amount of such fee shall be so established to meet reasonable maintenance and operating
<br /> expenses, and to establish a sinking fund to cover major rehabilitation, or for other transit
<br /> related purposes as approved by the Department in writing. The Project Facilities shall be
<br /> equally available for use by all commuters regardless of the place of residence, and there shall ,
<br /> be no difference in the amount of fees charged to users of such commuter parking facilities
<br /> based on place of residence. �
<br /> The Grantee shall keep satisfactory records with regard to the use of the Project Facilities and
<br /> shall submit to the Department, upon request, such information as the Department may require
<br /> in order to assure compliance with this ITEM, and the Grantee shall immediately notify the
<br /> Department in all cases where Project Facilities are used in a manner substantially different
<br /> from that described in the Grantee's final approved application. The Grantee shall maintain, in
<br /> an amount(s) and form satisfactory to the Department, such insurance or self-insurance as will
<br /> be adequate to protect Project Facilities throughout the period of required use. The cost of
<br /> such insurance shall not be an item of allowable cost under this Agreement. The Grantee shall
<br /> . � also submit, from time to time, to the Department upon request, a certification that the Project
<br /> Facilities are still being used in accordance with the terms of this Agreement and further
<br /> certify that no part of the local contribution to the cost of the Project has been refunded or
<br /> reduced.
<br /> B. Maintenance and Withdrawn Property -The Grantee agrees to maintain any Project Facilities
<br /> at a high level of cleanliness, safety, and mechanical soundness and in accordance with any
<br /> guidelin�s, directives, or regulations that the manufacturer, contractor, or the Department
<br /> may issue, the stricter standard shall apply unless excused by the Department. For vehicles,
<br /> the manufacturer's suggested maintenance and inspection schedule will be considered the
<br /> minimum maintenance standard that must be adhered to. For vehicles, the Grantee must
<br /> establish and follow a written maintenance plan which includes, pre-trip inspections, a
<br /> preventive maintenance program, and documentation of repairs. The Department shall have
<br /> the right to conduct periodic inspections for the purpose of confirming proper maintenance
<br /> pursuant to this Sectioh. 7he Department reserves the right to require the Grantee to restore,
<br /> repair or replace Project Facilities or pay for damage as a result of abuse, neglect, or misuse
<br /> of such Project Facilities. If, at any time during the useful life of the Project Facilities, any of
<br /> the Project Facilities are not used for the purposes specified in this Agreement, whether by
<br /> planned withdrawal, misuse or casualty loss, the Grantee shall immediately notify and receive
<br /> approval from the Department prior to disposing of such Project Facilities. Any such
<br /> disposition shall be in accordance with Department procedures.
<br /> (1) Interest in Property - Unless otherwise approved by the Department, the Grantee
<br /> agrees to remit to the Department the State interest in the fair market value, if any, of any
<br /> item of the Project Facilities whose unit value exceeds$5,000, or the Project Facility, ai the
<br /> option of the Department. The portion of that interest shall be determined on the basis of the
<br /> State Capital Grant
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