2009-029 Planning - NCDOT - Grant Agreement Endorsing Congestion Mitigation and Air Quality (CMAQ)

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. . ' . . . ... OPERATING ASSISTANCE—FY2O11 Federal Funds Reimbursement Non-Federal Non-Federal Amo unt Rate Amount Match Rate FY 2011 $130,680 4' USEFUL LIFE The Useful Life of this Project ia determined bobe2Oyears. Any leases orencroachments 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(1) year cf execution of this Agreement. � The County shall meet milestone dates as stated herein or the Department reserves the right to revoke the funds awarded if the County is unable to meet any milestone dates. The Department may extend the deadline for milestone activities if, in the opinion nf the Department, circumstances warrant. Extensions of time granted will be documented inwriting. The Project must progress in a satisfactory manner as determined by the Department or the Department and/or FHVVA 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 shall notify the County, in writing, once funds have been authorized and can beexpended. The County shall not initiate any work, nor solicit for any professional services prior to receipt of written authorization from the Department toproceed. Any work performed, or contracts executed, prior to receipt nfwritten authorization to proceed will be ineligible for reimbursement. Agreement|D# 14Q 5