Use of Project Property. 3.2.1 Subject to all the terms and conditions of this Agreement, Xxxxxxxxx agrees to build the Project as follows:
Use of Project Property. The Recipient agrees to maintain continuing control of the use of Project property to the extent satisfactory to FTA. The Recipient agrees to use Project property for appropriate Project purposes (which may include joint development purposes that generate program income, both during and after the Project’s award period and used to support public transportation activities) for the duration of the useful life of that property, as required by FTA. Should the Recipient unreasonably delay or fail to use Project property during the useful life of that property, the Recipient agrees that it may be required to return the entire amount of the Federal assistance expended on that property. The Recipient further agrees to notify FTA immediately when any Project property is withdrawn from Project use or when any Project property is used in a manner substantially different from the representations the Recipient has made in its Application or in the Project Description for the Grant Agreement or Cooperative Agreement for the Project.
Use of Project Property. The State Recipient agrees to use Project property for the purpose for which it was acquired under the period of performance of the Grant. State recipients acknowledge that the FMCSA may ensure that the purpose of the grant is being satisfied. State recipients acknowledge that FMCSA may request a copy of the State statute and procedures in determining whether a State is in compliance with its own State procedures, and to assist the FMCSA in determining the allocability, reasonableness, and allowability of costs. The Non-State Recipient agrees to use Project property for appropriate Project purposes (which may include joint development purposes that generate program income, both during and after the award period, beginning on the effective date, and used to support public transportation activities) for the duration of the useful life of that property, as required by FMCSA. Should the Recipient unreasonably delay or fail to use Project property during the useful life of that property, the Recipient agrees that it may be required to return the entire amount of the Federal assistance expended on that property. The Non-State Recipient further agrees to notify FMCSA immediately when any Project property is withdrawn from Project use or when any Project property is used in a manner substantially different from the representations the Recipient has made in its Application or in the Project Description for the Grant Agreement or Cooperative Agreement for the Project.
Use of Project Property. The Recipient agrees that:
Use of Project Property. Grantee fully understands that the Property shall be used in a manner that is consistent with this Agreement and Article XV, Section 4(b) of the Oregon Constitution.
Use of Project Property. Grantee warrants that the land within the Project boundary described in the Application (Attachment B) shall be dedicated and used for a period of no less than 25 years from the completion of the Project. Xxxxxxx agrees to not change the use of, sell, or otherwise dispose of the land within the Project boundary, except upon written approval by OPRD. If the Project is located on land leased from the federal government, the lease shall run for a period of at least 25 years after the date the Project is completed. If the Project is located on land leased from a private or public entity, other than the federal government, the lease shall run for a period of at least 25 years after the date the Project is completed, unless the lessor under the lease agrees that, in the event the lease is terminated for any reason, the land shall continue to be dedicated and used as described in the Project Application for a period of at least 25 years after the date the Project is completed. Land acquired using Local Government Grant funds shall be dedicated, by an instrument recorded in the county records, for recreational use in perpetuity, unless OPRD or a successor agency consents to removal of the dedication.
Use of Project Property. The Recipient agrees to use Project property for appropriate Project purposes (which may include joint development purposes that generate program income, both during and after the award period and used to support public transportation activities) for the duration of the useful life of that property, as required by FTA. Should the Recipient unreasonably delay or fail to use Project property during the useful life of that property, the Recipient agrees that it may be required to return the entire amount of the Federal assistance expended on that property. The Recipient further agrees to notify FTA immediately when any Project property is withdrawn from Project use or when any Project property is used in a manner substantially different from the representations the Recipient has made in its Application or in the Project Description for the Grant Agreement or Cooperative Agreement for the Project.
Use of Project Property. The Recipient agrees to maintain continuing control of the use of Project property satisfactory to FTA.
Use of Project Property. The State Recipient agrees to use Project property for the purpose for which it was acquired under the period of performance of the Grant. State recipients acknowledge that the FMCSA may ensure that the purpose of the grant is being satisfied. State recipients acknowledge that FMCSA may request a copy of the State statute and procedures in determining whether a State is The Non-State Recipient agrees that it will not execute any transfer of title, lease, lien, pledge, mortgage, encumbrance, third party contract, subagreement, grant anticipation note, alienation, innovative finance arrangement (such as a cross border lease, leveraged lease, or otherwise), or any other obligation pertaining to Project property, that in any way would affect the continuing Federal interest in that Project property.
Use of Project Property. The MDOT MTA has adopted as minimum requirements the following procedures and regulations governing the use and management of project property. The PUBLIC BODY shall use the Project equipment and facilities only for the authorized purpose in accordance with Assistance Agreement. The PUBLIC BODY shall obtain MDOT MTA prior approval for other than authorized use of project equipment and facilities Should any project facilities or equipment cease to be used for the authorized purpose in accordance with the Assistance Agreement or continue to be used for a purpose other than the previously mentioned authorized purpose, the PUBLIC BODY agrees, upon receipt of written notice from the MDOT MTA to promptly sell the project facilities or equipment and pay the MDOT MTA a proportional share of the proceeds of the sale or of the fair market value, whichever is greater. The MDOT MTA share shall be the amount computed by applying the percentage of Assistance (both federal and state funds) participation in the total cost of the project. The PUBLIC BODY’s property management standards for project facilities or equipment shall also include the following procedural requirements: Property records shall be maintained accurately and provide for; a description of the property; manufacturer’s serial number or other identification number; acquisition date and costs; source of the property, percentage of MDOT MTA funds (both state and federal) used in the purchase of property; location, use, and condition of the property; and any disposition date, including the date of disposal and sales price or the method used to determine current fair market value when the PUBLIC BODY proportionally reimburses the MDOT MTA for its share. A physical inventory of property shall be taken and the results reconciled with the property records once every year to verify the existence, current utilization, and continued need for the property. A control system shall be in effect to ensure adequate safeguards to prevent loss, damage, or theft of the property. Any loss, damage, or theft of nonexpendable property shall be investigated and fully documented. Adequate maintenance procedures shall be implemented to keep property in good condition. Property sales procedures shall be established for unneeded property, which would provide for competition to the extent practicable and result in the highest possible return. The PUBLIC BODY shall report in writing if it wishes to dispose of nonexpendable personal pro...
