FUNDING SUMMARY Sample Clauses

FUNDING SUMMARY. 4.1 The Department and the Sponsor agree that the project will be financed at a not- to- exceed, STBG-UZA total estimated cost of $7,500,000, as described below: FUNDING SOURCE => STBG-UZA Sponsor STATE JOB PIECE NO. DESCRIPTION TOTAL ESTIMATED COST SHARE (%) AMOUNT SHARE (%) AMOUNT 36148(04) Widen & Resurface $9,375,000 80 up to a limit of $7,500,000 Remainder $1,875,000 Total $9,375,000 Total=> $7,500,000 Total=> $1,875,000 4.2 Furthermore, the Department and the Sponsor agree that actual STBG-UZA costs incurred by project phases (JP 36148(04)) may exceed initial estimates. Costs between these project phases will be administratively adjusted based on actual cost of each phase, within the total cost of this Agreement, without formal supplemental Agreement, in so far as the total project agreement is not exceeded. 4.3 It is understood by the Sponsor and the Department that the funding participation stipulated herein may be altered due to bid prices, actual construction supervision costs and non-participating costs incurred during construction. The Sponsor will be responsible for payment of any estimated local funding prior to advertising the project for bid. Upon final acceptance of this project, the total project cost will be determined, and the final amount of local funds (if any) will be determined by the Department’s Comptroller per the terms of this Agreement. A refund will then be made by the Department to the Sponsor or additional funding will be requested. The Sponsor agrees to make arrangements for payment of any Department invoice within 45 days of receipt.
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FUNDING SUMMARY. 4.1 The Department and the County agree that the project will be financed at a not-to- exceed, CIRB total estimated cost of $850,000, as described below: FUNDING SOURCE => Sponsor STBG CIRB STATE JOB PIECE NO. DESCRIPTION TOTAL ESTIMATED COST SHARE (%) AMOUNT SHARE (%) AMOUNT SHARE (%) AMOUNT 33567(05) Design - $365,100 100% $365,100 $0 33567(06) Right-of-Way - $150,000 100 $150,000 33567(07) Utilities - $400,000 100 $400,000 33567(04) Construction - (With 6% Inspection) $5,707,166 Remainder $5,207,166 80 up to a limit of $200,000 Capped at $300,000 4.2 Furthermore, the Department and the County agree that actual CIRB costs incurred by project phases (JP 33567(04,06,07) may exceed initial estimates. Costs between these project phases will be administratively adjusted based on actual cost of each phase, within the total cost of this agreement, without formal supplemental agreement, in so far as the total project agreement is not exceeded. 4.3 It is understood by the COUNTY and the Department that the funding participation stipulated herein may be altered due to bid prices, actual construction supervision costs and non-participating costs incurred during construction. The COUNTY will be responsible for payment of any estimated local funding prior to advertising the project for bid. Upon final acceptance of this project, the total project cost will be determined, and the final amount of local funds (if any) will be determined by the Department’s Comptroller per the terms of this agreement. A refund will then be made by the Department to the COUNTY or additional funding will be requested. The COUNTY agrees to make arrangements for payment of any Department invoice within 45 days of receipt.
FUNDING SUMMARY. 3.1 This section consists of the following table:
FUNDING SUMMARY. Obligated Amount Total Est. Amount
FUNDING SUMMARY. Obligated Amount Total Est. Amt.
FUNDING SUMMARY. 4.1 The Department and the County agree that the project will be financed at a not-to- exceed, CIRB total estimated cost of $1,340,000, as described below: FUNDING SOURCE => STP CIRB STATE JOB PIECE NO. DESCRIPTION TOTAL ESTIMATED COST SHARE (%) AMOUNT SHARE (%) AMOUNT 30132(05) Design - $0 $0 30132(06) Right-of-Way - $20,000 100 $20,000 30132(07) Utilities - $20,000 100 $20,000 30132(04) Construction - $1,300,000 100 $1,300,000 4.2 Furthermore, the Department and the County agree that actual CIRB costs incurred by project phases JP 30132(04,05,06,07) may exceed initial estimates. Costs between these project phases will be administratively adjusted based on actual cost of each phase, within the total cost of this agreement, without formal supplemental agreement, in so far as the total project agreement is not exceeded. 4.3 It is understood by the COUNTY and the Department that the funding participation stipulated herein may be altered due to bid prices, actual construction supervision costs and non-participating costs incurred during construction. The COUNTY will be responsible for payment of any estimated local funding prior to advertising the project for bid. Upon final acceptance of this project, the total project cost will be determined, and the final amount of local funds (if any) will be determined by the Department’s Comptroller per the terms of this agreement. A refund will then be made by the Department to the COUNTY or additional funding will be requested. The COUNTY agrees to make arrangements for payment of any Department invoice within 45 days of receipt.
FUNDING SUMMARY. Federal Share: $3,465,902.00 (75%) Local Share: $1,155,301.00 (25%) Total Project Cost: $4,621,203.00 (100%) Recipient Administrative Allowance up to $55,574.00. The parties to this Agreement and the Hazard Mitigation Grant Program (HMGP) are generally governed by the following statutes and regulations:
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FUNDING SUMMARY. 4.1 The Department and the County agree that the project will be financed at a not-to- exceed, CIRB total estimated cost of $3,608,896 as described below: FUNDING SOURCE => STBG CIRB STATE JOB PIECE NO. DESCRIPTION TOTAL ESTIMATED COST SHARE (%) AMOUNT SHARE (%) AMOUNT 32179(05) Design - $378,790 100 $378,790 32179(06) Right-of-Way - $10,000 100 $10,000 32179(07) Utilities - $10,000 100 $10,000 32179(04) Construction - (With 6% Inspection) $3,210,106 Capped at $0 Remainder $3,210,106 4.2 Furthermore, the Department and the County agree that actual CIRB costs incurred by project phases (JP 32179(04,05,06,07) may exceed initial estimates. Costs between these project phases will be administratively adjusted based on actual cost of each phase, within the total cost of this agreement, without formal supplemental agreement, in so far as the total project agreement is not exceeded.
FUNDING SUMMARY. 4.1 The Department and the Sponsor agree that the project will be financed at a BFP total estimated cost of $1,900,000.00, as described below: FUNDING SOURCE => BFP STATE JOB PIECE NO. DESCRIPTION TOTAL ESTIMATED COST SHARE (%) AMOUNT 38447(05) Design - $300,000 100 $300,000 38447(06) Right-of-Way - $50,000 100 $50,000 38447(07) Utilities - $50,000 100 $50,000 38447(04) Construction - (With 6% Inspection) $1,500,000 100 $1,500,000 4.2 Furthermore, the Department and the Sponsor agree that actual BFP costs incurred by project phases (JP 38447(04,05,06,07) may exceed initial estimates. Costs between these project phases will be administratively adjusted based on actual cost of each phase, within the total cost of this Agreement, without formal supplemental Agreement. 4.3 It is understood by the Sponsor and the Department that the funding participation stipulated herein may be altered due to bid prices, actual construction supervision costs and non-participating costs incurred during construction.
FUNDING SUMMARY. 4.1 The Department and the Sponsor agree that the project will be financed at a not-to- exceed, ACOG (STBG – Urban Safety) total estimated cost of $217,465, as described below: FUNDING SOURCE => ACOG Sponsor 34983(05) Design - $0 100 $0 34983(06) Right-of-Way - $0 100 $0 34983(07) Utilities - $0 100 $0 Construction - 80 34983(04) $278,156 Capped $217,465 Remainder $60,691 At 4.2 Furthermore, the Department and the Sponsor agree that actual ACOG (STBG – Urban Safety) costs incurred by project phases JP 34983(04)(05)(06)(07) may exceed initial estimates. Costs between these project phases will be administratively adjusted based on actual cost of each phase, within the total cost of this agreement, without formal supplemental agreement, in so far as the total project agreement is not exceeded. 4.3 It is understood by the Sponsor and the Department that the funding participation stipulated herein may be altered due to bid prices, actual construction supervision costs and non-participating costs incurred during construction. The Sponsor will be responsible for payment of any estimated local funding prior to advertising the project for bid. Upon final acceptance of this project, the total project cost will be determined, and the final amount of local funds (if any) will be determined by the Department’s Comptroller per the terms of this agreement. A refund will then be made by the Department to the Sponsor or additional funding will be requested. The Sponsor agrees to make arrangements for payment of any Department invoice within 45 days of receipt.
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