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WHEREAS, City has agreed to provide the Sub-Recipient with a sub-award of a portion of the <br /> Formula Grant Funds as a Sub-Recipient. <br /> NOW THEREFORE, the Parties hereto severally and collectively agree, and by the execution <br /> hereof are bound, to the mutual obligations herein contained and to the performance and <br /> accomplishment of the tasks hereinafter described. <br /> I. TERM AND COMPLIANCE <br /> 1.1 The initial term of this Agreement shall begin on xx/xx/xxxx and shall remain in <br /> effect until xXLxx/xxxx unless terminated or otherwise modified in a written amendment, signed <br /> by both Parties. Any cost incurred before or after the Agreement period shall be ineligible for <br /> reimbursement. Any project funds not utilized by the termination date of this Agreement shall be <br /> automatically released from this Agreement and may be redistributed by City for its own purposes, <br /> including but not limited to, making additional sub-awards. The Parties understand and <br /> acknowledge that the term of this Agreement is dependent upon approval by the Transportation <br /> Improvement Program ("TIP") and the Statewide Transportation Improvement Program ("STIP") <br /> per federal, State, and City requirements. This Agreement may be extended upon the Parties' <br /> mutual written agreement. <br /> 1.2 As a sub-recipient of Section 5307 funds (collectively, the "Federal Funding" or <br /> "Federal Funds"),the Sub-Recipient understands and agrees that receipt of such Federal Funding <br /> is contingent and conditioned on its compliance with all City and Federal requirements and that <br /> these requirements necessarily encompass all applicable Federal statutes, regulations, the terms <br /> and conditions of the Federal award as well as those set out in the FTA Master Agreement, as <br /> amended from time to time. The terms and conditions of the FTA Master Agreement are hereby <br /> incorporated herein and made a part hereof for all purposes as if fully set out. City will provide <br /> copies of any amendments to the FTA Master Agreement to Sub-Recipient when available to City. <br /> Any conflict between this Agreement and the FTA Master Agreement shall be resolved in favor <br /> of the FTA Master Agreement. Any violation of a Federal requirement by the Sub-Recipient can <br /> result in an enforcement action undertaken by FTA and termination of this Agreement by City <br /> and/or FTA. <br /> 1.3 The Sub-Recipient shall not represent itself as an agent or employee of City and <br /> has no authority to bind City in contract or otherwise. <br /> 1.4 The Sub-Recipient agrees to maintain sufficient legal, financial, technical, and <br /> managerial capacity to: (1) plan, manage and complete the Project and provide for the use of the <br /> Project services; (2) comply with the terms of this Agreement, the Approved Project Budget, and <br /> the Project schedule; and (3) comply with all applicable Federal laws, regulations and <br /> requirements, including but not limited to,FTA's Master Agreement,and the annual Certifications <br />