2016-517 OPT - NCDOT FY2017 Public Transportation Section 5339 Capital Program Grant Agreement

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complete the Project in accordance with the procedures and guidelines set forth in this Agreement and in the following documents: (1) Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards," 2 CFR part 200 (2) FTA Master Agreement, document number FTA MA (21), dated October 1, 2014, at (www Ha dot eov /documents/21- Mastecdoc)• (3) The Section 5339 grant application for financial assistance The aforementioned documents, and any subsequent amendments or revisions thereto, are herewith incorporated by reference, and are on file with and approved by the Department in accordance with the terms and conditions of this Agreement. Nothing shall be construed under the terms of this Agreement by the Department or the Contractor that shall cause any conflict with Department, State, or Federal statutes, rules, or regulations: b. Cost of Project. The total cost of the Project approved by the Department is TWO HUNDRED ELEVEN THOUSAND ONE HUNDRED EIGHTY -EIGHT DOLLARS ($211,188) as set forth in the Project Description and Budget, incorporated into this Agreement as Attachment A. (1) Federal Share. The Department shall provide, from Federal funds, FIFTY -SIX POINT EIGHT PERCENT (56.8 %) of the actual net cost of the Project, not in excess of ONE HUNDRED NINETEEN THOUSAND NINE HUNDRED FIFTY -FOUR DOLLARS ($119,954). (2) State Share. The Department shall provide, from State funds, THIRTY - THREE POINT TWENTY PERCENT (33.20 %) of the actual net cost of the Project, not in excess of SEVENTY THOUSAND ONE HUNDRED FOURTEEN DOLLARS ($70,114). (3) Local Share. The Contractor hereby agrees that it will provide Ten PERCENT (10 %) of the actual net cost of the Project and any amounts in excess of the Department's maximum. The net cost is the price paid minus any refunds, rebates, or other items of value received by the Contractor which have the effect of reducing the actual cost. The Contractor shall initiate and prosecute to completion all actions necessary to enable it to provide its share of the Project costs at the time directed. C. Period of Performance. This Agreement shall commence upon the date of execution, unless specific written authorization from the Department to the contrary is received. The period of performance for all expenditures shall extend from JULY 1, 2016 to JUNE 30, 2017 unless written authorization to the contrary is provided by the Department. Any requests to change the Period of Performance must be submitted 60 days before the end of the current Performance Period and in accordance with the policies and procedures established by the Department. The Contractor shall commence, carry on, and complete the approved Project with all practicable dispatch, in a sound, economical, and efficient manner. d. Contractors Capacity. The Contractor agrees to maintain sufficient legal, financial, technical, and managerial capability to: (1) Plan, manage, and complete the Project; (2) Carry out the safety and security aspects of the Project; and (4) Comply with the terms of this agreement, the Master Agreement between the FTA and the Department, the Approved Project Budget, the Project schedules, and applicable Federal and State laws, regulations, and directives. e. Administrative Requirements. The Contractor agrees to comply with the Updated 04/15/16