CA DEPT TRANSPORTATION 5B - 2004

Home Browse Search

3. Article 3 of Section I of the amended Agreement (Document No. 015491) is hereby amended to read as follows: "3, To submit invoices to STATE for reimbursement of PROJECT expense incurred by CITY. In no event shall STATE's share toward PROJECT costs, excluding STATE's PROPERTY VALUE CONTRIBUTION, exceed 75.2% of the eligible PROJECT costs or $349,000, whichever is less, Invoices shall be submitted on CITY letterhead to STATE Project Manager. Invoices will be prepared in the manner as described in Chapter 5, Accounting/Invoices, of the Local Assistance Procedures Manual." 4. Article I of Section II of the amended Agreement (Document No. 015491) is hereby amended to read as follows: "1. Upon receipt of detailed invoices from CITY, to reimburse CITY for eligible PROJECT costs incurred under this Agreement, up to the amount of $349,000, which figures represents solely STATE-managed TEA fund contribution, excluding STATE's PROPERTY VALUATION CONTRIBUTION." 5. Article 2 of Section II of the amended Agreement (Document No. 015491) is hereby amended to read as follows: "2, STATE-managed TEA fund contribution for eligible PROJECT costs, excluding STATE's PROPERTY VALUE CONTRIBUTION, shall be up to 75.2% of the eligible PROJECT costs, not to exceed $349,000 for right of way acquisition, design and construction costs, as shown on Exhibit B." 6. Article 7.1 of Section III of the amended Agreement (Document No. 015491) IS hereby amended to read as follows: 7. "7.1 STATE and CITY agree that the total fair market value of PROPERTIES was determined to be $376,790 on November 14, 2003. STATE and CITY acknowledge and agree that STATE's PROPERTY VALUE CONTRIBUTION to CITY for PROJECT is above and beyond the $349,000 of STATE -managed TEA funds described in this Agreement." 3