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the United States share of the allowable costs incurred in accomplishing the project, ninety <br />percentum of all allowable project costs. This grant is made on and subject to the following terms <br />and conditions: <br />Part II - Offer of Financial Assistance <br />The allowable costs of the project shall not include any costs determined by the State to <br />be ineligible for consideration as to allowability under Title 49 U.S.C., the V.T.C.A. <br />Transportation Code, Title 3, Chapters 21-22, et seq., (Vernon and Vernon Supp), and the <br />Airport Zoning Act, Tex. Loc. Govt. Code Ann. §§ 241.001 et seq. (Vernon and Vernon <br />Supp). <br />2. It is estimated that construction project costs will be approximately $5,392,730 (Amount <br />A). It is further estimated that approximately $5,392,730 (Amount B) of the project costs <br />will be eligible for federal financial assistance, and that federal financial assistance will <br />be for ninety percent (90%) of the eligible project costs. Final determination of federal <br />eligibility of total project costs will be determined by the State in accordance with federal <br />guidelines following completion of project. <br />3. The maximum obligation of the United States payable under this offer shall be <br />$4,853,457 (Amount Q. Any financial participation over this amount is not <br />guaranteed. <br />This grant should not be construed as block grant funds for the Sponsor, but as a grant for <br />funding of the scope items as listed on page one of this agreement. It is the intent of the <br />State to provide funding to complete the approved work items of this grant and not to <br />amend the scope of work to include items outside of the current determined needs of this <br />project. Scope of work may be amended as necessary to fulfill the unforeseen needs of <br />this specific development project within the spirit of the approved scope, subject to the <br />availability of state, federal, and/or local funds. <br />4. It is estimated that the Sponsor's share of the total project costs will be $539,273 (Amount <br />D). At project closeout, Sponsor will be reimbursed for any credited amounts that exceed <br />Sponsor's share. The Sponsor specifically agrees that it shall pay any project costs, which <br />exceed the sum of the federal share (Amount C). If the sponsor does not move forward <br />with construction, they shall reimburse the state 100% of all costs under contract and/or <br />expended at the point of notification that the project will not be completed. <br />It is further agreed that the Sponsor will reimburse the State for any payment or payments <br />made by the State in behalf of the Sponsor which are in excess of the federal percentage <br />of financial participation as stated in Paragraph II -2. The State shall refund to the <br />Sponsor, at the financial closure of the project, any excess funds provided by the Sponsor. <br />5. If there is an overrun in the eligible project costs, the State may increase the grant to cover <br />the amount of overrun not to exceed the statutory limitations, and will advise the Sponsor <br />by amendment of the increase. Upon receipt of the aforementioned amendment, the <br />maximum obligation of the United States is adjusted to the amount specified and the <br />Page 2 of 39 <br />