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725-030-06 PUBLIC TRANSPORTATiotg 06/03 2 .00 Accomplishment of the Project Page 2 of 12 2 . 10 General Requirements : The Agency shall commence , and complete the project as described in Exhibit "A" 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 laws . 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 carry 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 . 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 completion of the project . 2 .40 Submission of Proceedings , Contracts and Other Documents : The Agency shall submit to the Department such data , reports , records , contracts and other documents relating to .the project as the Department may require as listed in Exhibit "C" attached hereto and by this reference made a part hereof. 3 . 00 Project Cost: The total estimated cost of the project is $ 200 , 000 . 00 is based upon the estimate summarized in Exhibit "B " attached hereto and s reference made a part hereof�sThe amount by thi Agency agrees to bear all expenses in excess of the total estimated cost of the project and any deficits involved . 4. 00 Department Participation : The Department agrees to maximum participation , including contingencies , in the project in the amount of $ 100 .000 . 00 as detailed in Exhibit "B ", or in an amount equal to the percentage(s) of total 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 effective date of this agreement. It is understood that State participation in eligible project costs is subject to : (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 authority becomes available . 4.20 Front End Funding : Front end funding0 is is not applicable . If applicable , •� the Department 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 0 is G is not applicable . If applicable , percent of the Department's total share of participation as shown in paragraph 4 . 00 is to be held in retainage to be disbursed , at the Department's discretion , on or before the completion of the final project audit .