Laserfiche WebLink
AGREEMENT NO. C- X -XXXX <br />1 I. CITY shall provide a minimum of 71.4 percent of the PROJECT costs in CITY funds as <br />2 the required local match consistent with Exhibit A. Any savings recognized in the PROJECT will be <br />3 credited or reimbursed proportionally to the amount contributed to the PROJECT by each fund type. <br />4 J, CITY will invoice Caltrans at minimum once every six months. <br />5 K, CITY agrees that any cost overruns shall be the responsibility of CITY, <br />6 L, If CITY receives local, state, or federal funds from a non - AUTHORITY source, CITY will <br />7 not invoice Caltrans for the amount received from the other non - AUTHORITY source(s). <br />8 M. CITY will notify AUTHORITY regarding any non - AUTHORITY revenues received for the <br />9 PROJECT and AUTHORITY funds may not pay for expenses already supported through these non- <br />10 AUTHORITY revenues. <br />11 N. CITY will submit semi - annual status reports for PROJECT to AUTHORITY due on <br />12 March 1 for the prior six (6) month period and due on September 1 for the prior six (6) month period <br />13 (Exhibit B titled "Arterial Pavement Management Program Semi - Annual Report Form'). <br />14 O. CITY will submit a final report to AUTHORITY within six (6) months of Caltrans payment <br />15 of final progress invoice for PROJECT in accordance with Exhibit C titled "Arterial Pavement <br />16 Management Program Final Project Report Form." <br />17 P. CITY is responsible for completing PROJECT in accordance with the funding plan <br />18 (Exhibit A), and to abide by all STBG programming guidelines, and any and all other federal, state, and <br />19 Caltrans requirements. <br />20 Q. CITY agrees that the AUTHORITY, prior to federal notice to proceed, may change the <br />21 fund source for funds provided through this agreement. <br />22 ARTICLE 5. DELEGATED AUTHORITY <br />23 The actions required to be taken by CITY in the implementation of this Cooperative Agreement <br />24 are delegated to its Public Works Director, or designee, and the actions required to be taken by <br />25 AUTHORITY in the implementation of this Cooperative Agreement are delegated to AUTHORITY's <br />26 Chief Executive Officer or designee. <br />Page 6 of 11 <br />20B -10 <br />