Common use of Overall Project Amounts Clause in Contracts

Overall Project Amounts. The following total project costs/funding commitments are based upon the totals of the amounts in sections I.B., I.C. and I.D. (See Exhibit #1, LPA/State Cost Worksheet) Exhibit #1 is herein attached and incorporated by reference. 1. The estimated Project total cost is $ . 2. The maximum, not to exceed amount of the Federal aid (FA) contribution is $ . This amount will be disbursed to the LPA at a rate of % of eligible expenditures (Note: this amount is not an estimate and no further monies are available). 3. The LPA’s estimated minimum contribution or Local match (LM) is $ . 4. The LPA’s estimated Local supplemental funding (LSF) is $ . The LPA’s costs will be reviewed bi-annually. The LPA will be responsible for additional costs that exceed the amount in I.A.2.

Overall Project Amounts. The following total project costs/funding commitments are based upon the totals of the amounts in sections I.B., I.C. and I.D. (See Exhibit #1, LPA/State Cost Worksheet) Exhibit #1 is herein attached and incorporated by reference). 1. The estimated Project total cost is $ . 2. The maximum, not to exceed amount of the Federal aid Aid (FA) contribution is $ . This amount will be disbursed dispersed to the LPA at a rate of % of eligible expenditures (Note: this amount is not an estimate and no further monies are available). 3. The LPA’s estimated minimum contribution or Local match (LM) is $ . 4. The LPA’s estimated Local supplemental funding (LSF) is $ . The LPA’s costs will be reviewed bi-annually. The LPA will be responsible for additional costs that exceed the amount in I.A.2.