Agenda - 09-17-2013 - 5h - Laserfiche WebLink

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8 OPERATING ASSISTANCE—FY 2011 C 4932 8 -TARPO _ Federal Funds i Reimbursement Non-Federal Non-Federal Amount Rate Amount Match Rate FY 2044 $130,680 66% $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. . TIME FRAME The County, and/or its agent, shall complete the construction phase of the Project within one (1) year of 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 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 shall 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, prior to receipt of written authorization to proceed will be ineligible for reimbursement. Agreement 1D# 149 5