TOWN's Financial Contribution for Cost of Scope of Work. TOWN will contribute to the PROJECT Six Hundred Thousand Dollars ($600,000) (hereinafter, "TOWN's Contribution") as the non-2016 Measure B project contribution towards the development and completion of PID and PA/ED. Upon execution of the AGREEMENT, VTA will invoice the TOWN for the TOWN’s Contribution and, upon receipt, will deposit the TOWN’s Contribution into an interest-bearing account. The TOWN must pay to VTA the amount set forth in the VTA invoice within thirty (30) calendar days after receipt of invoice. The TOWN’s Contribution and any interest earned will be considered toward the required minimum 10% non-2016 Measure B contribution for the listed cost of PROJECT as identified in the 2016 Measure B Program Category Guidelines for the HIGHWAY CATEGORY. The TOWN’s Contribution towards PS&E, ROW and Construction phases will be subject to future negotiation and mutually agreed upon written amendment.
TOWN's Financial Contribution for Cost of Scope of Work. TOWN will contribute to the PROJECT One Million, Four Hundred Seventy Thousand Dollars ($1,470,000) (hereinafter, "TOWN's Contribution") as the non-2016 Measure B project contribution towards the development and completion of PID, PA/ED and PS&E.”
