Amount of Funding. (a) For satisfactory completion of the Project, the District shall pay Recipient 40% of the total construction cost of the Project, but in no event shall the District cost-share exceed $494,880. The District cost-share is not subject to modification based upon price escalation in implementing the Project during the term of this Agreement. Recipient shall be responsible for payment of all costs necessary to ensure completion of the Project. Recipient shall notify the District’s Project Manager in writing upon receipt of any additional external funding for the Project not disclosed prior to execution of this Agreement.
Appears in 1 contract
Samples: Cost Share Agreement
Amount of Funding. (a) For satisfactory completion of the Project, the District shall pay Recipient 40100% of the total estimated construction cost of the Project, but in no event shall the District cost-share exceed $494,880700,000. The District cost-share is not subject to modification based upon price escalation in implementing the Project during the term of this Agreement. Recipient shall be responsible for payment of all costs necessary to ensure completion of the Project. Recipient shall notify the District’s Project Manager in writing upon receipt of any additional external funding for the Project not disclosed prior to execution of this Agreement.
Appears in 1 contract
Samples: Cost Share Agreement
Amount of Funding. (a) For satisfactory completion of the Project, the District shall pay Recipient 40100% of the total construction cost of the Project, but in no event shall the District cost-share exceed $494,880412,945. The District cost-share is not subject to modification based upon price escalation in implementing the Project during the term of this Agreement. Recipient shall be responsible for payment of all costs necessary to ensure completion of the Project. Recipient shall notify the District’s Project Manager in writing upon receipt of any additional external funding for the Project not disclosed prior to execution of this Agreement.
Appears in 1 contract
Samples: Cost Share Agreement
Amount of Funding. (a) For satisfactory completion of the Project, the District shall pay Recipient 4027% of the total estimated construction cost of the Project, but in no event shall the District cost-share exceed $494,8801,500,000. The District cost-share is not subject to modification based upon price escalation in implementing the Project during the term of this Agreement. Recipient shall be responsible for payment of all costs necessary to ensure completion of the Project. Recipient shall notify the District’s Project Manager in writing upon receipt of any additional external funding for the Project not disclosed prior to execution of this Agreement.
Appears in 1 contract
Samples: Cost Share Agreement
Amount of Funding. (a) For satisfactory completion of the Project, the District shall pay Recipient 4025% percent of the total construction cost of the ProjectProject cost, but in no event shall the District cost-share exceed $494,8801,102,850. The District cost-share is not subject to modification based upon price escalation in implementing the Project during the term of this Agreement. Recipient shall be responsible for payment of all costs necessary to ensure completion of the Project. Recipient shall notify the District’s Project Manager in writing upon receipt of any additional external funding for the Project not disclosed prior to execution of this Agreement.
Appears in 1 contract
Samples: Cost Share Agreement