R89-14 AUTHORIZING AN AGREEMENT WITH THE UNITED STATES DEPARTMENT OF TRANSPORTATION FOR AN URBAN MASS TRANSPORTATION OPERATING ASSISTANCE GRANT FOR FY '89

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� � ' T , Sec. 3 . Federal Assistance - a. In order to assist the Grantee in financing that portion of the total cost of the Projects in the Program which the Department of Transportation (DOT) has determined cannot reasonably be financed from revenues of the public transportation system in which the Program facilities or equipment are to be used ("Net Project Cost") , such t Net Project Cost total of the Projects financed in this Program ' being estimated to be that amount stated in the Notification of � Grant Approval, the Government will make a Grant in an amount � equal to either (1) the maximum amount permitted by Federal law and regulations, or (2) the amount designated as Maximum Federal Share in the Notification of Grant Approval, or (3) the amount designated as Maximum Percentage(s) of Federal Participation as set forth in the Notification of Grant Approval, whichever is the least. With respect to operating assistance projects financed under Section 9 of the UMT Act, notwithstanding any provision to the contrary in Section 105.c. of Part I2, Form F 5J, Rev. 9/87, entitled Urban Mass Transportation Agreement, the Federal financial assistance provided under this Grant may be applied to - the Net Project Costs incurred for operations by the Grantee in the Project Time Period for operations projects designated in the list of Program of Projects attached to the Notification of Grant Approval. b. For purposes of this Grant, "Net Project Cost" must be in conformance with the requirements of Office of Management and Budget (OMB) Circular A-87, Revised, "Cost Principles Applicable to Grants and Contracts with State and Local' Governments, �� and with any guidelines or regulations is�ued by the Government. c. The obligation of the Government to make Federal Grant payments shall not exceed the amount provided in the Program Budget. Sec. 4. Local Share - The Grantee agrees that it will provide - from sources other than (a) Federal funds (except as may otherwise be authorized by Federal statute) , (b) receipts from the use of the Program facilities or equipment (except as may otherwise be authorized by Federal statute) or (c) revenues of the public � transportation system in which such facilities or equipment are used, funds in an amount sufficient, together with the Grant, to assure payment of the actual Project Cost of each Project in the Program. The Grantee further agrees that no refund or reduction of the amount so provided below the level of Federal assistance will be made at any time, unless there is at the same time a refund to the Government of a proportional amount of the Grant. The Grantee�s obligation to provide the Local Share is calculated on a Project-by-Project basis for each Project in the Program. Page 2