BC 1986 03 10 - Laserfiche WebLink

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398 WHEREAS, a grant in the amount of $22,454.00 has been approved subject to the conditions and limitations herein; and WHEREAS, the Grant of State Airport Aid funds will be used for the following approved Project: "Develop and Prepare Site Selection and Airport Master Plan" NOW THEREFORE, the Sponsor and the Department do mutually hereby agree as follows: 1) That the Sponsor shall promptly undertake the Project and complete all work on the Project prior to the 1st day of January, 1987, unless a written extension of time is granted by the Department. 2) Work performed under this Agreement shall conform to the approved project description. Any amendments to, or modification of, the scope and terms of this Agreement shall be in the form of a Modified Agreement mutually executed by the Sponsor and the Department, except that an extension of time may be granted by the Department by written notice to the Sponsor. 3) As proposed by the Sponsor, this Project involves only state and local funding. In the event the Project, or any portions thereof, subsequently receive funds from the Federal Aviation Administration (FAA), the Sponsor shall refund to the Department all state funds disbursed to the Sponsor in excess of fifty percent (50%) of the non-federal share of the revised project costs as reflected in the federal grant application. Such refund of excess state funds shall be made within ninety (90) days of the date of the final execution of the FAA Grant Agreement affecting the work elements in the approved Project. 4) If, for any cause, the Sponsor shall fail to fulfill his obligation under this Agreement in a timely and proper manner, or if the Sponsor violates any of the covenants, agreements, or stipulations of this Agreement, the Department shall have the right to terminate this Agreement by giving written notice to the Sponsor of such termination at least fifteen (15) days prior to the date of termination. In the event of the termination of this Agreement, the Sponsor shall receive compensation equal to fiftyp percent (50%) of the non-federal share of any work found acceptable by the Department which was completed prior to the termination of this Agreement. 5) Attached hereto and made part of this Agreement are Attachments A, By C, D~ & E , which contain special conditions for the conduct of the Project and such special conditions shall be binding upon the Sponsor and the Department. IN WITNESS WHEREOF, THE PARTIES HERETO HAVE EXECUTED THIS GRANT AGREEMENT THE DAY AND YEAR FIRST WRITTEN ABOVE: NORTH CAROLINA DEPARTMENT OF TRANSPORTATION BY: Secretary of Transportation ATTEST: NCDOT SEAL SPONSOR: Official Agency: _L Count~ of Cabarrus Signed: /s/ Charles D. McGinnis Attest: /s/ Frankie F. Small SPONSOR SEAL UPON MOTION of Commissioner Barnhardt, seconded by Commissioner Hamby and unanimously carried, the Board adopted the following budget amendment.