R97-22 AUTHORIZING EXECUTION OF STATE / FEDERAL CAPITAL ASSISTANCE GRANT AGREEMENT

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� . � . � _ � i ITEM 2 - THE PROJECT The Grantee agrees to undertake and complete the Project and to provide for the use of Project Facilities as described in the Grantee's final application approved by the Department, as specified by the Approved Project Budget and in accordance with 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 application, is generally described as: 11.12.01 Purchase of up to three heavy-duty buses. ITEM 3 -AMOUNT OF GRANT The Net Project Cost is estimated to be 5 5 . The Department agrees to make a Grant in an amount equal to 100 percent of the actual Net Project Cost, as determined by the Department upon completion of the Project, but not to exceed ��Q�Q; provided, however, that 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 100 en rcent of the actual Net Project Cost. The project will be funded with 80% federal funds and 20% state funds. No liability will be incurred by the State in excess of the amount 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 public transportation system, funds in an amount equal to the actual Net Project Cost less the I f d et d in onnection with this Grant and less the amount of the amount of the federa unds bu g e c State Grant, as shown in the Approved Project Budget. With the express written prior approval of the Department, all or part of this local 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 - DOCUMENTS FORMING THIS AGREEMENT The Parties agree that this constitutes the entire Agreement between the Parties hereto, that there are no agreements or understandings, implied or expressed, except as speci�cally set forth in the Agreement and that all prior arrangements and understandings in the connection are merged into and contained in this Agreement. The Parties hereto further agree that this Agreement consists of this Part, entitled "Mass Transportation, State/Federal Capital Assistance Grant Agreement,"together with Exhibit A, entitled "Grantee's Application," Exhibit B, entitled "Approved Project Budget," Exhibit C, , entitled "IDOT & FTA Assistance Programs Certifications and Assurances," Exhibit D, entitled ', "Grantee's Board Resolution, and Exhibit E. entitled "U.S. Deoartment of Labor Transit ', Em I{Zoyee Protective Requirements Certification.° all of which are by this reference specifically incorporated herein. ITEM 5 - REVERSION OF GRANT FUNDS A. Illinois Grant Funds Recovery Act -This Grant is subject to the Illinois Grant Funds Recovery Act, 30 ILCS 705/1. This Grant is valid until Januar,v 1, 2000, and grant funds are available to the Grantee and may be expended by the Grantee until said date unless the Department, at its discretion, grants an extension of time. Any grant funds which are not expended or legally obligated by the Grantee at the end of the Grant State/Federal Capital Grant page S