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<br /> Page 2 of 10 pages <br /> NOW THEREFORE, pursuant to and for the purpose of carrying out the provisions <br /> of the Airport and Airway Improvement Act of 1982, herein called the "Act," <br /> and/or the Aviation Safety and Noise Abatement Act of 1979, and in <br /> consideration of (a) the Sponsor's adoption and ratification of the <br /> representations and assurances contained in said Project Application and <br /> its acceptance of this Offer as hereinafter provided, and (b) the benefits <br /> to accrue to the United States and the public from the accomplishment of <br /> the Project and compliance with the assurances and conditions as herein <br /> provided, THE FEDERAL AVIATION ADMINISTRATION, FOR AND ON BEHALF OF THE <br /> UNITED STATES, HEREBY OFFERS AND AGREES to pay, as the United States share <br /> of the allowable costs incurred in accomplishing the Project, 90 percent. <br /> This Offer is made on and subject to the following terms and conditions: <br /> Conditions <br /> 1. The maximum obligation of the United States payable under this <br /> offer shall be $ 19.899. <br /> $ 19.899 for planning <br /> 2. The allowable costs of the project shall not include any costs <br /> determined by the FAA to be ineligible for consideration as to <br /> allowability under the Act. <br /> 3. Payment of the United States share of the allowable project costs <br /> will be made pursuant to and in accordance with the provisions <br /> of such regulations and procedures as the Secretary shall prescribe. <br /> Unless otherwise stated in this grant agreement, any program income <br /> earned by the sponsor during the grant period shall be deducted <br /> from the total allowable project costs prior to making the final <br /> determination of the United States share. Final determination <br /> of the United States share will be based upon the final audit of <br /> the total amount of allowable project costs and settlement will <br /> be made for any upward or downward adjustments to the Federal share <br /> of costs. <br /> 4. The sponsor shall carry out and complete the Project without <br /> undue delays and in accordance with the terms hereof, and such <br /> regulations and procedures as the Secretary shall prescribe, and <br /> agrees to comply with the assurances which were made part of the <br /> project application. <br /> FAA Form 5100-100 (8-84) <br />