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<br />AGENDA STAFF REPORT <br /> <br />Page 3 00 <br /> <br />Area, is administering and managing the grant and will therefore retain the 2.5 percent ($27,145) of the <br />total amount allocated ($1,085,810). <br /> <br />There is no match required for this grant. Budget adjustments are requested as part of this Board action, <br />plus authorization to purchase grant funded equipment, in order to expedite the purchase of this <br />equipment to avoid the possibility of equipment price increases, and so that all grant-funded equipment <br />is purchased, installed and in operation prior to the grant deadline of December 2006. <br /> <br />FINANCIAL IMPACT: <br />All costs are offset by grant revenue. <br /> <br />STAFFING IMPACT: <br />N/A <br /> <br />EXHffiIT(S): <br /> <br />Exhibit A, Grant Distribution <br />Exhibit B, Contract Partner Equipment <br />Exhibit C, Transfer Agreement <br />Exhibit D, Grant Award Letter <br /> <br />http://cams.ocgov.comlWeb]ublisher_Sam!Agenda03_28_2006 _ files/images/A06-00050... 5/10/2006 <br />