Agenda - 05-19-2009 - 4q - Laserfiche WebLink

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OPERATING ASSISTANCE -- FY 2G# 1 C-4932 B - TARPO Federal Funds Reimbursement Non-Federal Non-Federal Amount ~ Rate Amount Match Rate FY 2011 $930,680 ti6% $67,320 34% 4. USEFUL LIFE The Useful Life of this Project is determined to be 20 years. Any leases or encroachments entered into by the County for this Project shall be for the length of the Useful Life. If the Project ceases to be used and designated as described in this Agreement, within the period of the Useful Life, the Department will require reimbursement for the amortized value of the Department's initial investment. 5. TIME FRAME The County, and/or its agent, shall complete the construction phase of the Project within one (7 } year of execution of this Agreement. The County shall meet miiestone dates as stated herefi or the Department reserves the right to revoke the funds awarded if the County is unable to meet any miiestone dates. The Department may extend the deadline for miiestone activities if, in the opinion of the Department, circumstances warrant. Extensions of time granted will be documented in writing. The Project must progress in a satisfactory manner as determined by the Department or the Department and/or FHWA reserves the right to de-obligate said funding. - 6. PRELIMINARY ENGINEERING AUTHORIZATION if Preliminary Engineering is an eligible expense, then upon receiptof an executed agreement, the Department will authorize Preliminary Engineering funds and shah notify the County, in writing, once funds have been authorized and can be expended. The County shall not initiate any work, nor solicit for any professional services prior to receipt of written authorization from the Department to proceed. Any work performed, or contracts executed, prier to receipt of written authorization to proceed will be ineligible far reimbursement. Agreement ID # 149 5