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Section 1. ADMINISTRATION OF STUDY. <br />A. Local Participant understands that it shall designate, within sixty (60) days <br />after the execution of this Agreement, one representative who shall work with <br />GBRA to provide oversight for the preparation of the Project parameters. <br />GBRA will host meetings quarterly or more frequently to update Local <br />Participant on progress of Study. <br />B. GBRA shall serve as the lead sponsor for the purpose of this Agreement in <br />which capacity it shall perform all administrative duties associated with <br />Project including, but not limited to executing an amendment to the Feasibility <br />Cost Sharing Agreement with USACE, entering into contract(s) with <br />consultants(s), and contract administration necessary for the Project. <br />Section 2. FISCAL PROVISIONS. The total cost for the remaining tasks of <br />the Project is $1,631,500. A 50% federal contribution from USACE is anticipated <br />and the remaining 50% local cost share of $815,750 will be allocated among the <br />participating communities. Local Participant's portion of the local cost share shall <br />be an amount not to exceed $313,450.00. Final participation amounts are <br />dependent on the number of local entities participating. Any data, studies or <br />information existing prior to the effective date of this agreement shall be <br />considered existing information and cannot be counted as payment or in-kind <br />services. <br />Local Participant shall contribute an amount not to exceed $313,450.00 to GBRA <br />for Local Participant's portion of the 50% local cost share cost to perform the <br />tasks required to complete the Project as outlined in Attachment A. Local <br />Participant shall make an initial payment of $153,699.00 to GBRA on or before <br />December 1, 2016. Local Participant shall make its remaining payments to <br />GBRA of $80,212.00 on or before October 1, 2017 and $79,539.00 on or before <br />October 1, 2018. <br />Nothing in this agreement should be construed as creating any obligation on the <br />part of Local Participant to compile new data, studies, or information that did not <br />exist on the effective date of the agreement. <br />Nothing in this agreement shall be construed as creating a debt on the part of the <br />Local Participant and its obligation to make payments is contingent on the <br />continuing availability of funds for use under this agreement. However, Local <br />Participant agrees to make its best efforts to include funds in future budgets to <br />fulfill its obligations under this Agreement. <br />Section 3. TERM OF AGREEMENT. This Agreement shall become effective <br />when executed by all parties hereto and shall remain in effect until completed, or <br />until December 31, 2019, unless earlier terminated as provided herein. <br />Section 4. NOTICES. All notices or communications provided herein shall be <br />delivered by certified mail, return receipt requested to Local Participant and <br />