Res 2010-133 - Laserfiche WebLink

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Special Award Conditions Texas State University & City of San Marcos Page 3 EDA Award No. 08 -01 -04606 1. PROJECT DEVELOPMENT TIME SCHEDULE The Recipient agrees to the following project development time schedule: Time allowed after approval of Financial Assistance Award for: Return of executed Financial Assistance Award .......................... ............................... 30 days Startof Construction ..................................................................... ............................... 24 months Constructionperiod ...................................................................... ............................... 36 months Awardperiod ................................................................................ ............................... 60 months* *From date of approval to 60 months after approval Project closeout: All project closeout documents, including final financial information and any required program reports, shall be submitted to the Government not more than 90 days after the date the Recipient accepts the completed project from the contractor(s). The Recipient shall pursue diligently the development of the project so as to ensure completion of the project and submission of closeout documents within this time schedule. Moreover, the Recipient shall notify the Government in writing of any event, which could delay substantially the achievement of the project within the prescribed time limits. The Recipient further acknowledges that failure to meet the development time schedule may result in the Government's taking action to terminate the award in accordance with the regulation set forth at 15 CFR 24.43 (53 Federal Register 8048 -9, 8102, March 11, 1988). 2. USEFUL LIFE OF INVESTMENT The useful life of this project is defined as 20 years for the purposes set forth in paragraph K of the EDA Standard Terms and Conditions for Construction Grants. 3. AFFIRMATION OF AWARD This Financial Assistance Award, subject to the EDA Standard Terms and Conditions for Title II Public Works and Development Facilities and Economic Adjustment Construction Components, dated October 2007 — as amended December 13, 2007, and EDA Special Award Conditions shall constitute an obligation to make such award. If the Recipient fails to affirm its intention to use the award in accordance with the terms and conditions of this Financial Assistance Award, it will be terminated without further cause. By signing and returning one of the original Financial Assistance Award documents within 30 calendar days from receipt, the Recipient hereby affirms that it intends to use the award in accordance with the terms and conditions as above- referenced. 4. AFFIRMATION TO AVAILABILITY /COMMITMENT OF NON - FEDERAL MATCH In affirming this Award, the Recipient certifies that the non - federal share of project costs is committed and is available as needed for the project, that the non - federal share is from sources which can be used as match for the EDA project, and that the non - federal share will not affect ownership of, or title to, the project facilities. The Recipient further acknowledges that, prior to award of any construction contracts, it will be required to provide evidence satisfactory to the Government that all funds necessary to complete the project are available.