Common use of OPTION EFFECTIVE DATE Clause in Contracts

OPTION EFFECTIVE DATE. The effective date of this option letter is upon approval of the State Controller or delegate. Xxxx X. Xxxxxxxxxxxx, Governor By: Date: Executive Director, Colorado Department of Transportation By: Date: A. Cost of Work Estimate 1. BUDGETED FUNDS a. Federal Funds (82.79% of Participating Costs) b. Local Agency Matching Funds (17.21% of Participating Costs) $87,139.00 $18,113.00 TOTAL BUDGETED FUNDS $105,252.00 2. OMB UNIFORM GUIDANCE a. Federal Award Identification Number (XXXX): TBD b. Federal Award Date (also Phase Performance Start Date): See Below c. Amount of Federal Funds Obligated: $0.00 d. Total Amount of Federal Award: $87,139.00 e. Name of Federal Awarding Agency: FHWA f. CFDA# - Highway Planning and Construction CFDA 20.205 g. Is the Award for R&D? No h. Indirect Cost Rate (if applicable) N/A 3. ESTIMATED PAYMENT TO LOCAL AGENCY a. Federal Funds Budgeted $87,139.00 b. Less Estimated Federal Share of CDOT-Incurred Costs $0.00 TOTAL ESTIMATED PAYMENT TO LOCAL AGENCY $87,139.00 4. FOR CDOT ENCUMBRANCE PURPOSES a. Total Encumbrance Amount $105,252.00 b. Less ROW Acquisition 3111 and/or ROW Relocation 3109 $0.00 Net to be encumbered as follows: $105,252.00 WBS Element 22846.10.50 TBD / TBD Misc. 3404 $0.00 WBS Element 22846.20.10 TBD / TBD Const. 3301 $0.00 1) Phase Performance Period Start Date; 2) The execution of the document encumbering funds for the respective phase; and

OPTION EFFECTIVE DATE. The effective date of this option letter is upon approval of the State Controller or delegate. Xxxx Xxxxx X. XxxxxxxxxxxxXxxxx, Governor By: Date: Executive Director, Colorado Department of Transportation By: Date:Transportation A. Cost of Work Estimate 1. BUDGETED FUNDS FUNDS a. Federal Funds (82.7980.00% of Participating Costs) $500,000.00 b. Local Agency Matching Funds (17.2120.00% of Participating Costs) $87,139.00 $18,113.00 125,000.00 TOTAL BUDGETED FUNDS $105,252.00 625,000.00 2. OMB UNIFORM GUIDANCE a. Federal Award Identification Number (XXXX): TBD b. Federal Award Date (also Phase Performance Start Date): See Below c. Amount of Federal Funds Obligated: $0.00 d. Total Amount of Federal Award: $87,139.00 500,000.00 e. Name of Federal Awarding Agency: FHWA f. CFDAFDA # - Highway Planning and Construction CFDA 20.205 g. Is the Award for R&D? No h. Indirect Cost Rate (if applicable) N/A 3. ESTIMATED PAYMENT TO LOCAL AGENCY a. Federal Funds Budgeted $87,139.00 500,000.00 b. Less Estimated Federal Share of CDOT-Incurred Costs $0.00 TOTAL ESTIMATED PAYMENT TO LOCAL AGENCY $87,139.00 4. FOR CDOT ENCUMBRANCE PURPOSES 500,000.00 a. Total Encumbrance Amount $105,252.00 625,000.00 b. Less ROW Acquisition 3111 and/or ROW Relocation 3109 $0.00 Net to be encumbered as follows: $105,252.00 625,000.00 WBS Element 22846.10.50 22971.10.30 Performance Period Start*/End Date TBD / TBD Misc. 3404 Design 3020 $0.00 WBS Element 22846.20.10 22971.20.10 Performance Period Start*/End Date TBD / TBD Const. 3301 3300 $0.00 1) Phase Performance Period Start Date; 2) The execution of the document encumbering funds for the respective phase; and

OPTION EFFECTIVE DATE. The effective date of this option letter is upon approval of the State Controller or delegate. Xxxx Xxxxx X. XxxxxxxxxxxxXxxxx, Governor By: Date: Executive Director, Colorado Department of Transportation By: Date: A. Cost of Work Estimate Estimate 1. BUDGETED FUNDS a. Federal Funds (82.7980% of Participating CMAQ Costs) $1,380,000.00 b. Local Agency Matching Funds and State Matching Funds (17.2120% of Participating CMAQ Costs; Local $320,000.00, State $25,000.00) $345,000.00 c. State FASTER Safety Contribution (100% of State FASTER Costs) $87,139.00 $18,113.00 275,000.00 TOTAL BUDGETED FUNDS $105,252.00 2,000,000.00 2. OMB UNIFORM GUIDANCE GUIDANCE a. Federal Award Identification Number (XXXX): TBD TBD b. Federal Award Date (also Phase Performance Start Date): See Below : TBD c. Amount of Federal Funds Obligated: $0.00 d. Total Amount of Federal Award: $87,139.00 1,380,000.00 e. Name of Federal Awarding Agency: FHWA f. CFDA# - Highway Planning and Construction CFDA Number CFDA 20.205 g. Is the Award for R&D? No h. Indirect Cost Rate (if applicable) N/A 3. ESTIMATED PAYMENT TO LOCAL AGENCY a. Federal Funds Budgeted (1a) $87,139.00 1,380,000.00 b. State Funds Budgeted (1c and 1d) $300,000.00 c. Less Estimated Federal Share of CDOT-Incurred Costs $0.00 TOTAL ESTIMATED PAYMENT TO LOCAL AGENCY $87,139.00 1,680,000.00 4. FOR CDOT ENCUMBRANCE PURPOSES a. Total Encumbrance Amount $105,252.00 2,000,000.00 b. Less ROW Acquisition 3111 and/or ROW Relocation 3109 $0.00 Net to be encumbered as follows: $105,252.00 2,000,000.00 WBS Element 22846.10.50 23564.10.30 Performance Period Start*/End Date TBD / TBD Misc. 3404 Design 3020 $0.00 WBS Element 22846.20.10 23564.20.10 Performance Period Start*/End Date TBD / TBD Const. 3301 $0.00 1) Phase Performance Period Start Date; 2) 0.00 The execution of Local Agency has estimated the document encumbering funds for total cost the respective phase; andWork to be $2,000,000.00, which is to be funded as follows:

OPTION EFFECTIVE DATE. The effective date of this option letter is upon approval of the State Controller or delegate. Xxxx Xxxxx X. XxxxxxxxxxxxXxxxx, Governor By: Date: Executive Director, Colorado Department of Transportation By: Date: A. Cost of Work Estimate 1. BUDGETED FUNDS a. Federal Funds (82.79% of Participating Costs) b. Local Agency Matching Funds (17.21% of Participating Costs) $87,139.00 3,834,025.00 $18,113.00 797,000.00 TOTAL BUDGETED FUNDS $105,252.00 4,631,025.00 2. OMB UNIFORM GUIDANCE a. Federal Award Identification Number (XXXX): TBD b. Federal Award Date (also Phase Performance Start Date): See Below c. Amount of Federal Funds Obligated: $0.00 d. Total Amount of Federal Award: $87,139.00 3,834,025.00 e. Name of Federal Awarding Agency: FHWA f. CFDA# - Highway Planning and Construction CFDA 20.205 g. Is the Award for R&D? No h. Indirect Cost Rate (if applicable) N/A 3. ESTIMATED PAYMENT TO LOCAL AGENCY a. Federal Funds Budgeted $87,139.00 3,834,025.00 b. Less Estimated Federal Share of CDOT-Incurred Costs $0.00 TOTAL ESTIMATED PAYMENT TO LOCAL AGENCY $87,139.00 3,834,025.00 4. FOR CDOT ENCUMBRANCE PURPOSES a. Total Encumbrance Amount $105,252.00 4,631,025.00 b. Less ROW Acquisition 3111 and/or ROW Relocation 3109 $0.00 Net to be encumbered as follows: $105,252.00 4,631,025.00 Note: No funds are currently available. Design and Construction funds will become available after execution of an Option letter (Exhibit B) or formal Amendment. WBS Element 22846.10.50 23047.10.30 Performance Period Start*/End Date TBD / TBD Misc. 3404 Design 3020 $0.00 WBS Element 22846.20.10 23047.20.10 TBD / TBD Const. 3301 $0.00 1) Phase Performance Period Start Date; 2) The execution of the document encumbering funds for the respective phase; and