State Water Resource Control Board Remediation Funding Application Sample Clauses

State Water Resource Control Board Remediation Funding Application. (a) As of the Effective Date, the estimated costs for completion of the remediation work is approximately Two Million Five Hundred Thousand Dollars ($2,500,000). As of the Effective Date of this Agreement, the Commission has submitted an application for funding from the Water Board's Division of Financial Assistance which will allow the Commission to fully fund the remediation of the Roseland Site to the specifications required under the Response Plan. Subject to the terms of the Professional Services Agreement, the Developers must render all reasonable assistance (at no cost to the Developers) to the Commission in its efforts to obtain funding for the Remediation Work and during the performance of the Remediation Work. (b) The Developers further understand and agree that the Commission's obligation to perform the Remediation Work is conditioned on the approval of the CLRRA Agreement, the State Water Board's approval and funding of the SCAP Grant Agreement, and the Response Plan, and receipt of sufficient funding from the State Water Board and other sources pursuant to this Section. The Commission's responsibility and obligation to complete the Remediation Work shall be limited to the amount of funding available to the Commission under the SCAP Grant Agreement and Agency Funds identified in the Remediation and Infrastructure Financing Plan. (c) In the event after making a good faith effort, the Commission and State Water Board have not executed a SCAP Grant Agreement under the Site Cleanup Subaccount Program, or if either the Commission or Water Board is in breach of the CLRRA Agreement, any Party may terminate this Agreement by providing written notice to the other Parties and thereafter no Party shall have any rights against or liability to the other under this Agreement except as expressly set forth in this Agreement, including without limitation, the Commission's obligation to provide reimbursement pursuant to Section 5.1(d).
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