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R93-60 AUTHORIZING AN AGREEMENT WITH THE UNITED STATES DEPARTMENT OF TRANSPORTATION
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R93-60 AUTHORIZING AN AGREEMENT WITH THE UNITED STATES DEPARTMENT OF TRANSPORTATION
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7/18/2016 1:47:22 PM
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Resolution/Ordinance
Res Ord Num
R93-60
Res Ord Title
AUTHORIZING AN AGREEMENT WITH THE UNITED STATES DEPARTMENT OF TRANSPORTATION FOR A FEDERAL TRANSIT ADMINISTRATION OPERATING ASSISTANCE GRANT FOR FY '93
Approved Date
5/3/1993
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. <br /> valuation to be used if determined to be in the best <br /> interests of the Government. In unusual circumstances, the <br /> Recipient may request that another reasonable method of <br /> � determining fair market value be used, including but not <br /> limited to accelerated depreciation, comparable sales, or <br /> established market values. In determining whether to approve <br /> . an alternate method, the Government may consider any action <br /> taken, omission made, or unfortunate occurrence suffered by <br /> the Recipient with respect to the preservation or <br /> conservation of the value of the real property, equipment, or <br /> supplies that, for any reason, have been withdrawn from <br /> service. <br /> g. Misused or Damaged Property. If any damage to Project <br /> real property, equipment, or supplies results from abuse or <br /> misuse that has taken place with the Recipient' s knowledge <br /> and consent, the Recipient agrees that the Government may <br /> require the Recipient to restore that real property or <br /> equipment to its original condition or refund the value of <br /> the Federal interest in the damaged property. - <br /> h. Obligations After Proj,ect Closeout. A Recipient that is <br /> a governmental entity agrees that project closeout will not <br /> alter its property management obligations set forth in <br /> Section 110 of this Agreement and 49 C.F.R. §§ 18.31 and <br /> 18 .32 . A Recipient that is an institution of higher <br /> education or a private organization agrees that project <br /> closeout will not alter its property management obligations <br /> set forth in Section 110 of this Agreement and ONID Circular <br /> A-110, Attachment N. <br /> Section 111. Encumbrance of Project Property. <br /> a. Unless expressly authorized in writing by the Government, <br /> the Recipient agrees to refrain from: <br /> (1) Executing any transfer of title, lease, lien, <br /> pledge, mortgage, encumbrance, contract, grant anticipation <br /> note, alienation, or other obligation that in any way would <br /> affect the Federal interest in any Project real property or <br /> equipment; or <br /> (2) Obligating itself in any manner to any third party <br /> with respect to Project real property or equipment. <br /> b. The Recipient agrees to refrain from taking any action or <br /> acting in a manner that would adversely affect the Federal <br /> interest or impair the Recipient's continuing control over � <br /> the use of Project real property or equipment. <br /> Page 17 <br />
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