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37 <br /> 2. Term: <br /> The Term, or period of performance, is defined as the latest anticipated completion date <br /> of all Projects identified in Exhibit A, which incorporates references to the Multi-Year <br /> Capital Improvement Plan. <br /> 3. Purpose: <br /> The purpose of this Agreement is to outline the details of how the Project(s) listed in Exhibit <br /> A attached hereto and incorporated herein by reference, being approved Projects in the <br /> Orange County Transit Annual Work Program, shall be implemented with programmed <br /> funding commitments as highlighted in the Exhibit A, in accordance with the requirements <br /> of the Comprehensive Participation Agreement. <br /> 4. Responsibilities: <br /> A. Responsibilities of the Implementing Party. <br /> (1) The Implementing Party shall provide the Projects listed in Exhibit A and fund the cost <br /> of the Projects on an up-front basis, except as provided herein. The Implementing <br /> Party is responsible for ensuring local funds are available to pay for costs incurred <br /> related to Project phases, or invoices, prior to requesting reimbursement from <br /> GoTriangle, except in instances where advance payments are requested. <br /> Implementing Parties may utilize pre-award authority for Capital Projects requiring <br /> immediate implementation. Pre-award authority may not be exercised until the annual <br /> budget has been recommended by the SWG and adopted by the governing boards of <br /> Orange County and GoTriangle. <br /> (2) The Orange County Transit Annual Work Program Reimbursement Request and <br /> Financial Report Template ("Reimbursement Requests") must be submitted by the <br /> Implementing Party monthly by the Implementing Party. The reimbursement request <br /> shall be emailed to DOTransitReimbursements@gotriangle.org with a copy to the <br /> identified Tax District Administration staff Steven Schlossberg <br /> SSchlossberg(agotriangle.org and Darlene Weaver dweaver(@orangecountync.orq. <br /> (3) All Reimbursement Requests must be made using the Orange County Transit Annual <br /> Work Program Reimbursement Request and Financial Report Template agreed to by <br /> the Parties and must include a signed statement by the Implementing Party's Finance <br /> Officer or designee stating that funds were spent in accordance with the Orange <br /> County Transit Annual Work Program and with all applicable laws, rules, and <br /> regulations, and that the Reimbursement Request includes items due and payable. <br /> All Reimbursement Requests shall be based on actual expenses incurred as recorded <br /> in the financial system. <br /> 3 <br /> Global Agreement for Transit Capital Infrastructure <br /> Orange County, FY2025 <br /> Contract#YY-XXX <br />