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<br />Part II - Offer of Financial Assistance <br /> <br />1. For the purposes oftms Grant, the annual routine maintenance project cost, Amount A, is <br />estimated as found on Attachment A, Scope of Services, and as found on amendments <br />thereto, all being attached hereto and made a part of this Grant. <br /> <br />State financial assistance granted herein will be used solely and exclusively for airport <br />maintenance and other incidental items as approved by the State. Actual work to be <br />performed under this agreement is found on Attachment A, Scope of Services. State <br />financial assistance, Amount B, will be for fifty percent (50%) of the eligible project costs <br />for this project or $20,000.00, which ever is less, per fiscal year and subject to availability <br />of state appropriations. <br /> <br />The Sponsor may request the State to provide mowing services, such services to be <br />provided at the discretion of the State. However, mowing services will not be eligible for <br />state financial assistance. Sponsor will be responsible for 100% of costs of any mowing <br />sefVlces. <br /> <br />Scope of Services, Attachment A, oftms Grant, may be amended, subject to availability of <br />state funds, to include additional approved airport maintenance work. Scope amendments <br />require submittal of an Amended Scope of Services, Attachment A. Services will not be <br />accomplished by the State until receipt of Sponsor's share of project costs. <br /> <br />2. The State shall determine fair and eligible project costs for work scope. Sponsor's share of <br />estimated project costs, Amount C, shall be as found on Attachment A and any <br />amendments thereto. <br /> <br />It is mutually understood and agreed that if, during the term of this agreement, the State <br />determines that there is an overrun in the estimated annual routine maintenance costs, the <br />State may increase the grant to cover the amount of overrun within the aforesaid <br />percentages and subject to the maximum amount of state funding as found in Part II, Item <br />1, above. <br /> <br />The State will not authorize expenditures in excess of the dollar amounts identified in this <br />Agreement and any amendments hereto, without the consent of the Sponsor. <br /> <br />3. Sponsor, by accepting this Grant certifies and, upon request, shall furnish proof to the <br />State that it has sufficient funds to meet its share of the costs as heretofore stated. The <br />Sponsor hereby grants to the State the right to audit any books and records of the Sponsor <br />to verify said funds. In addition, the Sponsor shall disclose the source of all funds for the <br />project and its ability to finance the project. <br /> <br />Upon execution of this Agreement and written demand by the State, the Sponsor's <br />financial obligation (Amount C) shall be due in cash and payable in full to the State. State <br /> <br />Page 2 of 12 <br /> <br />AVN4301.DOC (9/98) <br />