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<br /> {f34 <br /> NOW THEREFORE, pursuant to and for the purpose of carrying out the provisions of the Airport and <br /> Airway Improvement Act of 1982, as amended, herein called the "Act," and/or the Aviation Safety and Noise <br /> Abatement Act of 1979, and in consideration of (a) the Sponsor's adoption and ratification of the <br /> representations and assurances contained in said Project Application and its acceptance of this Offer as <br /> hereinafter provided, and (b) the benefits to accrue to the United States and the public from the <br /> accomplishment of the Project and compliance with the aSSEfances and conditions as herein provided, THE <br /> FEDERAL AVIATION ADMINISTRATION, FOR AND ON BEHALF OF THE UNITED STATES, <br /> HEREBY OFFERS AND AGREES to pay, as the United States share of the allowable costs incurred in <br /> accomplishing the Project, 90 percentum of all allowable project costs. <br /> This Offer is made on and subject to the following terms and conditions: <br /> Conditions <br /> 1. The maximum obligation of the United States payable under this offer shall be $207,000.00. <br /> 2. The allowable costs of the project shall not include any costs determined by the FAA to be ineligible <br /> for consideration as to allowability under the Act. <br /> '"' Payment of the United States share of the allowable project costs will be made pursuant to and in <br /> .J. <br /> accordance with the provisions of such regulations and procedures as the Secretary shall prescribe. <br /> Final determination of the United States share will be based upon the final audit of the total amount <br /> of allowable project costs and settlement will be made for any upward or downward adjustments to the <br /> Federal share of costs. <br /> 4. The sponsor shall carry out and complete the Project without undue delays and in accordance with the <br /> terms hereof, and such regulations and procedures as the Secretary shall prescribe, and agrees to comply <br /> with the assurances which were made part of the project application. <br /> 5. The FAA reserves the right to amend or withdraw this offer at any time prior to its acceptance by the <br /> sponsor. <br /> 6. This offer shall expire and the United States shall not be obligated to pay any part of the costs of the <br /> project unless this offer has been accepted by the sponsor on or before June 30, 1994, or such <br /> subsequent date as may be prescribed in writing by the FAA. <br /> FAA Fonn 5100-37 (10-89) Development or Noise Program Page 2 of 6 Pages <br />