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AGREEMENT NO. C-2-1640 <br />i F. AUTHORITY shall reimburse CITY within thirty (30) days following receipt of an invoice <br />2 which is complete, properly prepared, and complies with the requirements of ARTICLE 5 below. <br />3 G. AUTHORITY shall cancel projects for which the CITY has not awarded a construction <br />4 contract by June 30th of the fiscal year identified in Exhibit A. <br />s ARTICLE 4. RESPONSIBILITIES OF CITY <br />6 CITY agrees to the following responsibilities for PROJECT: <br />7 A. CITY agrees that all funds received pursuant to ARTICLE 3 paragraph A, shall be <br />s used exclusively to construct the PROJECT per the TE Call for Projects TE application and <br />9 amendments provided by the CITY, approved by the AUTHORITY, and herein incorporated by <br />10 reference. <br />ii B. CITY will act as the lead AGENCY for the engineering, right-of-way, construction and <br />12 construction management of the PROJECT. <br />13 C. CITY is responsible for submitting quarterly reports as specified in Exhibit B titled <br />14 "FTA 5307 Quarterly Report Form" included in this agreement and incorporated into and made part <br />is of the agreement for the PROJECT due on April 15, August 15, October 15 and January 15 of each <br />16 year. <br />17 D. CITY acknowledges that if the construction contract for the construction phase for <br />is PROJECT is not awarded, by June 30 within the fiscal year identified in Exhibit A, the proposed <br />19 funding will be cancelled by AUTHORITY. <br />20 E. CITY agrees to provide a minimum of 25% of the final project cost in CITY funds as <br />21 the required local match. Based on the existing budget, this amount is estimated to be Fifty Four <br />22 Thousand Seven Hundred Fifty Dollars ($54,750). Actual match will be determined based on <br />23 construction contract award amount. <br />24 F. CITY agrees that the overall budget for this PROJECT is not-to-exceed amount of <br />25 Two Hundred Nineteen Thousand Dollars ($219,000); contingent on approval of FTA Section 5307 <br />26 funds by the FTA. <br />Page 5 of 12 <br />L Camm\CLERICAL\CLERICAL\WORDPROC\AGREEWG21640.doc <br />25B-7