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2012-358 Planning - NC Department of Transportation Grant Agreement (not final)
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2012-358 Planning - NC Department of Transportation Grant Agreement (not final)
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Last modified
5/24/2018 3:59:14 PM
Creation date
9/27/2012 4:46:31 PM
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Template:
Contract
Contract Starting Date
7/1/2012
Contract Ending Date
6/30/2013
Contract Document Type
Grant
Amount
$185,606.00
Document Relationships
2012-358 S Planning - NCDPT NC CTP Administrative Grant $0
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\Board of County Commissioners\Contracts and Agreements\Contract Routing Sheets\Routing Sheets\2012
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(b) Lease of Vehicles. The lease of vehicles acquired with financial <br /> assistance authorized for 49 U.S.C. 5311 to any third party is contingent <br /> upon approval of the Department. It is allowable to lease vehicles to <br /> another Community Transportation System providing general public <br /> service in the State of North Carolina, upon approval of the Department. <br /> It is also allowable for vehicles to be leased to a third party operator or <br /> transportation management company that operates the transit service <br /> within a county/region under contract to the Contractor, upon approval <br /> of the Department. The Contractor agrees to use the vehicle lease <br /> agreement provided by the Department when vehicles are leased, even <br /> if on a short-term basis, to another Community Transportation System <br /> or a management company. The Contractor agrees to obtain written <br /> approval from the Department before the lease is executed and forward <br /> a copy of the signed, executed lease agreement to the Department. <br /> The Contractor, as a Community Transportation System, shall not lease <br /> vehicles to human service agencies, county agencies/government, <br /> community agencies or school systems. The Contractor agrees not to <br /> loan vehicle(s) to other agencies/individuals for short-term use, even <br /> during hours that the transportation system is not providing service, as <br /> the vehicle(s) will generally be used to provide service that is "closed- <br /> door," i.e., not open to the general public. <br /> L Disposition of Project Property. With prior Department approval, the Contractor may <br /> sell, transfer, or lease Project property and use the proceeds to reduce the gross project cost of other <br /> eligible capital public transportation projects to the extent permitted by 49 U.S.C. § 5334(h)(4). The <br /> Contractor also agrees that the Department shall determine "useful life"for all Project property and that <br /> the Contractor will use Project property continuously and appropriately throughout the useful life of that <br /> property. Upon the end of the period of useful life, the Contractor may dispose of Project property after <br /> notifying and receiving disposition instructions from the Department. <br /> (1) Project Property Whose Useful Life Has Expired. When the useful life of <br /> Project property has expired, the Contractor agrees to comply with the <br /> Department's disposition requirements. <br /> (2) Project Property Prematurely Withdrawn from Use. For Project property <br /> withdrawn from appropriate use before its useful life has expired, the <br /> Contractor agrees as follows: <br /> (a) Notification Requirement. The Contractor agrees to notify the <br /> Department immediately when any Project property is prematurely <br /> withdrawn from appropriate use, whether by planned withdrawal, <br /> misuse, or casualty loss. <br /> (b) Calculating the Fair Market Value of Prematurely Withdrawn Project <br /> Propert y. The Contractor agrees that the Federal/State Government <br /> retains a Federal/State interest in the fair market value of Project <br /> property prematurely withdrawn from appropriate use. The amount of <br /> the Federal/State interest in the Project property shall be determined by <br /> the ratio of the Federal/State assistance awarded for the property to the <br /> actual cost of the property. The Contractor agrees that the fair market <br /> value of Project property prematurely withdrawn from use will be <br /> calculated as follows: <br /> 1. Equipment and Supplies. The Contractor agrees that the fair <br /> market value of Project equipment and supplies shall be calculated by <br /> straight-line depreciation of that property, based on the useful life of the <br /> Updated 3/07/12 Page 23 of 37 <br />
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