Res 1988-032 - Laserfiche WebLink

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3. 4. Sponsor Fund Availability. It has sufficient funds available for t~g: portio~ of the project costs which are ~ot to be paid by the U~i:ed 3ta~es. It has sufficient funds available to assure operation a~d TIaintenance of items funded under the grant agreement which it will own or control. Preserving Rights and Powers. a. It will not take or permit any action which would operate to deprive it of any of the rights and powers necessary to perform any or all of the terms, conditions, and assurances in the grant agreement without the written approval of the Secretary, and viII act promptly to acquire, extinguish or modify any outstanding rights or claims of right of others which would interfere with auch performance by the sponsor. This shall be done in a manner acceptable to the Secretary. b. It will not sell, lease, encumber or otherwise transfer or dispose of any part of its title or other interests in the property shown on Exhibit A to this application or, for a noise program implementation project, that portion of the propert7 upon which Federal funds have been expended, for the duration of the terms, conditions, and assurances in the grant agreement without approval by the Secretary. If the transferee is found by the Secretary to be eligible under the Airport and Airway Improvement Act of 1982 to assume the obligations of the grant agreement and to have the power, authority, and financial resources to carry out all such obligations, the sponsor shall insert in the contract or document transferring or disposing of the sponsor'a interest, and make binding upon the transferee, all of the terms, conditions, and assurances contained in this grant agreement. c. For all noise program implementation projects which are to be carried out by another unit of local government or are on property owned by a unit of local gQvernment other than the sponsor, it will enter into ~ agreement with that government. Except as otherwise specified by the Secretary, that agreement shall obligate that government to the same terms, conditions, and assurances that would be applicable to it if it applied directly to the FAA for a grant to undertake the noise program implementation project. That agreement and changes thereto must be satisfactory to the Secretary. It will take steps to enforce this agreement against the local government if there is substantial non-compliance with the terms of the agreement. d. For noise program implementation projects to be carried out on privately owned property. it viII enter into an agreement with the owner of that property which includes provisions specified by the Secretary. It viII take steps to enforce this agreement against the property owner whenever there is substantial non-compliance with the terms of the agreement. lAA 'orm 5100-100 (10-85) Page 4 of 6