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• t )2s-030.()5 PUBLIC TRANSPORTATION 2.00 Accomplishment of the Project 07/02 Page 2 of 12 2.10 General Requirements: The Agency shall commence, and complete the project as described attached hereto and by this reference made a part hereof, with all practical dispatch, in a sound, economical, and efficient manner, and in accordance with the provisions herein, and all applicable is in Exhibit "A" ws. 2.20 Pursuant to Federal,State,and Local Law,: In the event that any election, referendum a notice, or other proceeding or authorization is requisite under applicable law to enable the A to Agreement or to undertake the project hereunder, or to observe,assume or carry out an approval, permit, Agreement,the Agency will initiate and consummate, as provided by law, all actions necessa with Agency o Y o enter into this matters so requisite. f the provisions of the rY respect to any such 2.30 Funds of the Agency: The Agency shall initiate and prosecute to completion all proceedings necessary including federal aid requirements to enable the Agency to provide the necessary funds for c 2.40 Submission of Proceedings, Contracts and Other Documents: completion of the project. Department such data, reports, records,contracts and other documents relating to the projecth slltthe Department may submit to the require as listed in Exhibit "C" attached hereto and by this reference made a part hereof. De 3.00 Project Cost: The total estimated cost of the project is $ 605,948 is based upon the estimate summarized in Exhibit"B"attached hereto and by this reference made a art hereof. The Agency agrees to bear all expenses in excess of the total estimated cost of the project and any deficits P involved. 4.00 Department Participation: The Department agrees to maxi in the project in the amount of$ 302.974 mum participation, including contingencies percentage(s) of total project cost shown in Exhibit"B",whichever is lessdetailed in Exhibit"8"; or in an amount equal to the 4.10 Project Cost Eligibility: Project costs eligible for State participation will be allowed only from the effe date of this agreement. it is understood that State participation in eligible project costs is subject to: dive (a) Legislative approval of the Department's appropriation request in the work program year that the project is scheduled to be committed; (b) Availability of funds as stated in paragraph 17.00 of this Agreement; (c) Approval of all plans, specifications, contracts or other obligating documents and all other terms of this Agreement; (d) Department approval of the project scope and budget(Exhibits A& B) at the time appropriation becomes available. on authority 4.20 Front End Funding : Front end funding Q is may initially pay 100% of the total allowable incurred project costs up to an amount equal to its is not apcable. If total plicabshare ofe participation Department as shown in paragraph 4.00. 5.00 Retainage : Retainage Q is s Department's total share of participation as shown in paragraph 4.00 slto be held n le Department's discretion, on or before the completion of the final project audit. retainage to be disbu sednat the