E.
the DEPARTMENT and CITY agree to review Project to determine whether to reduce the
scope of the project or to seek additional funding sources. If the Department has additional
funds available for allocation to the project, the CITY will be responsible to provide funding
as follows:
Total Project Portion to be shared Funding Split for costs above current
Cost with City Total Project Cost
Up to $0 NVA
$3,66 1,000.00
Above Up to 80% Federal / 20% City
$3,661 ,000.00 $915,250.00
up to
$4,576,250.00
Above Amount over 50% Federal ! 50% City
$4,576,250.00 $4,576,250.00
The above table is intended to demonstrate how costs above the current budget would be
shared, but does not commit either party to provide additional funds. If a scope reduction
cannot be agreed upon, or if one or both parties cannot provide additional funds, the City will
be responsible for reimbursement as laid out in Section LI above.
Neither the DEPARTMENT nor the Federal Highway Administration will be responsible for
any expenses or costs incurred by the PROJECT SPONSOR under this AGREEMENT in
excess of the amounts shown on page | unless the DEPARTMENT expressly authorizes
additional funding prior to the work being performed.
That the PROJECT SPONSOR shall invoice the DEPARTMENT for incurred costs on a
monthly basis and the DEPARTMENT will process these invoices for payment in an
expeditious manner.
That the PROJECT SPONSOR agrees to commence the Project within three (3) months after
the date of this AGREEMENT and substanually complete the Project within five (5) years
after the date of the first notice to proceed date given by the DEPARTMENT, unless earlier
terminated as provided herein. The PROJECT SPONSOR may apply to the DEPARTMENT
for an extension. Failure to meet either deadline without good cause may cancel the
DEPARTMENT’s participation in this Project at its discretion. Any remaining funds wall be
forfeited. The PROJECT SPONSOR is responsible for informing and coordinating a new
Project completion date that will need to be approved by the DEPARTMENT if any condition
arises that may result in either deadline being unattainable.
That the PROJECT SPONSOR will attend a meeting with the DEPARTMENT’s
representative after signing this AGREEMENT to discuss the Project's scope. budget and
schedule. The PROJECT SPONSOR will subsequently provide a schedule showing project
milestones with dates, Failure to meet these dates could delay funding for construction.
That this AGREEMENT is contingent upon the appropriation of sufficient funds from the
State of New Hampshire Legislature and/or the Federal Highway Administration. [f sufficient
funds are not appropriated, the DEPARTMENT may terminate this AGREE-MENT upon
