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2. SCOPE OF PROJECT <br />The Project consists of constructing an approximately 0.62-mile 10-foot wide paved multi-use trail <br />which connects Morris Grove Elementary School on Eubanks Road to the end of the County's <br />property following the sewer easement along Jones Creek through Twin Creeks Park off the east <br />side of Old NC 86. <br />The Department's funding participation in the Project shall be restricted to the following eligible <br />items: <br />^ Construction <br />as further set forth in this Agreement. <br />3. FUNDING <br />Subject to compliance by the County with the provisions set forth in this Agreement and the <br />availability of federal funds, the Department shall participate up to a maximum amount of Four <br />Hundred Twenty Nine Thousand Four Hundred Fifty Seven Dollars ($429,457), as detailed <br />below. The County shall provide a local match, as detailed in the FUNDING TABLE below, and all <br />costs that exceed the total estimated cost. <br />FUNDING TABLE <br />Fund Source Federal Funds Reimbursement Non-Federal Non-Federal <br /> Amount Rate Match $ Match Rate <br />ARRA $429,457 <br />_~. 100 % $0 0 <br />Total Estimated Cost $429,457 <br />4. USEFUL LIFE <br />The Useful Life of this Project is determined to be 20 years. Any leases or encroachments <br />entered into by the County for this Project shall be for the length of the Useful Life. If the Project <br />ceases to be used and designated as described in this Agreement, within the period of the Useful <br />Life, the Department will require reimbursement for the amortized value of the Department's initial <br />investment. <br />Agreement ID # 446 4 <br />