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' • Form'rnC 004 Rev. 8/8/90 2.20 Pursuant to Federal, State, and Local Law: In the event that any election, referendum, approval, permit, notice, or other proceeding or authorization is requisite under applicable law to enable the Agency to enter into this Agreement or to undertake the Project hereunder, or to observe, assume or cant' out any of the provisions of the Agreement, the Agency will initiate and consummate, as provided by law, all actions necessary with respect to any such matters so requisite. 230 Funds of the Agency: The Agency shall initiate and prosecute to completion all proceedings necessary to enable the Agency to provide the necessary funds for completion of the Project. 2.40 Submission of Proceedings, Contracts and Other Documents: The Agency shall submit to the Commission, such data, reports, records, contracts, certifications and other documents relating to the Project as the Commission may require as listed in exhibit "C'. 3.00 Project Cost: The total estimated cost of the Project is $ 34,076.00 This amount is based upon the estimate summarized in Exhibit "B" and by this reference made a part hereof. The Agency agrees to bear an expenses in excess of the total estimated cost of the Project and any deficits involved. 4.00 Commission Participation: The Commission agrees to maximum participation, including contingencies, id the Project In the amount of $ 25.556 as detailed in Exhibit "B", or in an amount equal to the percentage(s) of total actual project cost shown in Exhibit "B", whichever is less. 4.10 Project Cost Eligibility: Project costs eligible for State participation will be allowed only from the date of this Agreement. It is understood that State participation in eligible project costs is subject to: a) Legislative approval of the Commission's appropriation request in the work program year that the project is scheduled to be committed; i b) The understanding that disbursement of funds will be made in accordance with the Florida Department of Transportation's balanced thirty-six (36) month cash forecast; c) Availability of funds as stated in Article 17.00 of this Agreement; d) Submission of all certifications or other obligating documents and all other terms of this contract; e) Commission approval of the project scope and budget (Exhibits A & B) at the time appropriation authority becomes available. 4.20 Front End Funding: Front end funding (xx) (is not) applicable. If applicable, the Commission may initially pay 100% of the total allowable incurred project costs up to an amount equal to its total share of participation as shown in paragraph 4.00. 5.00 Retainage: Retainage (xx) (is not) applicable. If applicable, N/A percent of the Commission's total share of participation as shown in Article 4.00 is to be held in retainage to be disbursed, at the Commission's discretion, on or before the completion of the final project audit by the Commission. 6.00 Project Budget and Disbursement Schedule: 6.10 The Project Budget: The Agency shall maintain the Commission approved Project Budget, as set forth in Exhibit "B". carry out the Project, and shall incur obligations against and make disbursements of Project funds only in conformity with the latest approved budget for the Project. The budget may be revised periodically. but no budget revision shall be effective unless it complies with fund participation requirements established in Article 4.00