REIMBURSEMENT FOR ELIGIBLE ACTIVITIES. Subject to compliance by the Municipality with the provisions set forth in this Agreement and the availability of federal funds, the Department shall reimburse (62.6%) of eligible expenses incurred by the Municipality up to a maximum amount of Thirteen Million Six Hundred Three Thousand Dollars ($13,603,000), as detailed below. The Municipality shall provide the non-federal match, as detailed in the FUNDING TABLE below, and all costs that exceed the total estimated cost.
REIMBURSEMENT FOR ELIGIBLE ACTIVITIES. Subject to compliance by the Municipality with the provisions set forth in this Agreement and the availability of federal funds, the Department shall reimburse forty percent (40%) of eligible expenses incurred by the Municipality up to a maximum amount of Three Hundred Eighty One Thousand Two Hundred Dollars ($381,200), as detailed below. The Municipality shall provide the non-federal match, as detailed in the FUNDING TABLE below, and all costs that exceed the total available funding. FUNDING TABLE Fund Source Federal Funds Amount Reimbursement Rate Non-Federal Match $ Non-Federal Match Rate STP-DA $381,200 40 % $571,800 60 % Total Available Funding $953,000 WORK PERFORMED BY NCDOT All work performed by the Department on this Project, including, but not limited to, reviews, inspections, and Project oversight, during any phase of the delivery of the Project, shall reduce the funding available to the Municipality under this Agreement. The Department will set aside ten percent (10%) of the total estimated cost, or $95,300, to use towards the costs related to review and oversight of this Project, including, but not limited to review and approval of plans, environmental documents, contract proposals, engineering estimates, construction engineering and inspection oversight, and other items as needed to ensure the Municipality’s appropriate compliance with state and federal regulations. In the event that the Department does not utilize all the set-aside funding, then those remaining funds will be available for reimbursement to the Municipality at the above reimbursement rate. For all costs of work performed on the Project, whether incurred by the Municipality or by the Department, the Municipality shall provide the non-federal match. The Department will xxxx the Municipality for the non-federal match of any costs that the Department incurs on the Project and for any costs that exceed the Total Estimated Cost.
REIMBURSEMENT FOR ELIGIBLE ACTIVITIES. The Department’s original participation was $13,603,000 to be reimbursed at a rate of 62.6% with the Municipality providing the non-federal match. The Department has agreed to reimburse the Municipality (80%) of eligible expenses incurred by the Municipality up to a maximum amount of Thirteen Million Six Hundred Three Thousand Dollars ($13,603,000), as detailed in the REVISED Funding Table below. The Municipality will provide the local match and Additional Local Funds as indicated in the REVISED Funding Table below: REVISED FUNDING TABLE Fund Source Federal Funds Amount Reimburseme nt Rate Non-Federal Match $ Non-Federal Match Rate DISCRETIONARY (DP) BUILD Grant $13,603,000 80 % $3,400,750 20 % Additional Local Funds $4,727,250 Subtotal $13,603,000 $8,128,000 Total Available Funding $21,731,000 RESPONSIBILITIES Build Grant funding from FHWA, per the three-party agreement ID# 9392, has the funding split at 62.6% federal ($13,603,000) and 37.4% for the non-federal match ($8,128,000). The funding per this agreement has been set by the Department at the above rate for the purpose of administering and calculating reimbursements for the life of the project. The Municipality will need to show total expenditures of at least $4,727,250 in order to document appropriate match.
REIMBURSEMENT FOR ELIGIBLE ACTIVITIES. Subject to compliance by the Municipality with the provisions set forth in this Agreement and the availability of federal funds, the Department shall reimburse 50% of eligible expenses incurred by the Municipality up to a maximum amount of Twelve Million Five Hundred Thousand Dollars ($12,500,000), as detailed below. The Municipality shall provide a minimum 50% non-federal match, or $12,500,000, as per the REVISED FUNDING TABLE below. The sum of these dollar amounts represents the Total Project Funding. If the Funding provided through this Agreement changes, a supplemental agreement will be generated. REVISED FUNDING TABLE Fund Source Federal Funds Amount Reimbursement Rate Non-Federal Match $ Non-Federal Match Rate STP-DA (#6569) $2,500,000 50% $2,500,000 50% STBGDA (#11173) $10,000,000 50% $10,000,000 50% Total Project Funding $25,000,000 Except as hereinabove provided, the Agreement heretofore executed by the Department and the Municipality on 8/22/2016, is ratified and affirmed as therein provided.
REIMBURSEMENT FOR ELIGIBLE ACTIVITIES. Subject to compliance by the Municipality with the provisions set forth in this Agreement and the availability of state and federal funds, the Department shall reimburse 100% of eligible expenses incurred by the Municipality up to a maximum amount of One Million Two Hundred Fifty Thousand Dollars ($1,250,000) with STBGDA funds and Contract Resurfacing funds. After the first $1,250,000 in costs are reimbursed, the Department shall reimburse 70% of eligible expenses incurred by the Municipality up to a maximum amount of Five Million Four Hundred Twenty Five Thousand Dollars ($5,425,000) with STBGDA funds as detailed below. The Municipality shall provide the non-federal match for this portion of the STBGDA funds, as detailed in the Funding Table below, and all costs that exceed the total estimated cost.
