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AGREEMENT NO. C-1-2486 <br />1 Program Allocation," AUTHORITY will allocate Transportation Development Act (TDA) Article 4.5 funds <br />2 to CITY in an amount no greater than FY2010-11 funding levels less M2 SNIP revenues for up to three <br />3 (3) years. Disbursement of TDA funds will occur with the last bi-monthly distribution of M2 funds during <br />4 the fiscal year. <br />5 C. Agree that Net Revenues allocated shall be expended or encumbered within three years <br />6 of receipt. AUTHORITY may grant an extension to the three-year limit, but extensions shall not be <br />7 granted beyond a total of five years from the date of the initial funding allocation. <br />8 D. In the event the time limits for use of Net Revenues are not satisfied, then any retained <br />9 Net Revenues that were allocated to an Eligible Jurisdiction and interest earned thereon shall be <br />10 returned to AUTHORITY and these Net Revenues and interest earned thereon shall be available for <br />11 allocation to any project within the same source program at the discretion of AUTHORITY. <br />12 E. AUTHORITY may provide, at AUTHORITY's sole discretion, a refurbished surplus <br />13 paratransit vehicle, at no cost to CITY and no further responsibility to AUTHORITY after vehicle <br />14 donation. CITY may purchase additional vehicle(s) in excess of their vehicle allocation at a cost of Five <br />15 Thousand Dollars ($5,000) per vehicle, subject to vehicle availability. <br />16 ARTICLE 3. RESPONSIBILITIES OF CITY <br />17 A. CITY agrees that all funds received from AUTHORITY as specified in Article 2A <br />18 above will be used exclusively for providing accessible senior transportation services that do not <br />19 duplicate AUTHORITY's services as specified in Exhibit A entitled "Scope of Work." <br />20 B. CITY must satisfy all M2 eligibility criteria in order to receive their formula allocation for <br />21 this program. <br />22 C. CITY agrees that Net Revenues allocated shall be expended or encumbered within <br />23 three (3) years of receipt. AUTHORITY may grant an extension to the three-year limit, but extensions <br />24 shall not be granted beyond a total of five (5) years from the date of the initial funding allocation. <br />25 D. In the event the time limits for use of Net Revenues are not satisfied, any retained Net <br />26 Revenues that were allocated to an Eligible Jurisdiction and interest earned thereon shall be returned to <br />Page 3 of 9 <br />L:\Camm\CLERICAL\WORDPROC\AGREE\AG12486.docx