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enc 's share of construction shall be deposited in two parts. The initi 11 beprestuested threesweeks <br /> 22. Ag y <br /> percent of the Agency's share, based on the engineer s estimate and s a q <br /> for too ening bids on the project. The contract will not be awarded unuested and deposited with <br /> pr P <br /> Upon award of the contract, the balance of the Agency s share shall e req <br /> the State in a timely manner. <br /> . Pursuant to ORS 366.425, the advance deposit may be in the form of 1 it <br /> d Polder of Attorney is sent <br /> 23 <br /> Treasury (Local Government Investment Pool, and an Irrevocable Lim <br /> to ODOT's Financial Services Branch), or 2) an Irree form of <br /> cash of Credit issued by a local bank in <br /> the name of the State. The deposit may also be in th <br /> 24. Deposits may be applied to any phase of the project under the same agreement. <br /> 25. Additional deposits, if any, shall be made as needed upon request from the State. Requests for <br /> <br /> i <br /> additional deposits shall be accompanied by an itemized statement of expenditures and an estimate <br /> cost to complete the project. <br /> tual costs incurred by Agency. on behalf of. the <br /> ac <br /> t of <br /> cen <br /> 26. Agency shall present invoices for 100 per <br /> project directly to State's Liaison Person for reviewd andain all expenseshfor which reimbursement s <br /> emize an p <br /> hall rt <br /> number ands actual <br /> ent ed on <br /> reem bas <br /> project and ag <br /> claimed. Billings shall. be presented for periods o enc t must be aneroved bduStatens Liaison Person <br /> PP y <br /> expenses to date. All billings .received from Ag y <br /> rior to payment. Agency's, actual costs eligible for federal-aid 40 SP napbillings shall bel submitted <br /> P <br /> allowable under the provisions of FAPG, 23CFR 1.11, 710, an <br /> to State for processing within three months from the end of each fundasg paa~eas f <br /> foi° i <br /> ght)of--way: <br /> date of a construction contract for preliminary engineering 2) P°Yress a ent) shall be <br /> acquisition and 3) third notification for construction.t oatslaare tin urred. Final bill <br /> ngs submitted <br /> submitted to State within three months from date tha <br /> after the three months may not be eligible for reimbursement. <br /> cost records and accounts pertaining to work covered by this agreeme ee~3 t ears following the <br /> 27. The <br /> for inspection by representatives o~ <br /> SStaes ofs uch reHco ds and accounts shall be made available upon <br /> date of final voucher to FHWA. p <br /> est. For real property and equipment, the retention period starts from the date of disposition (49 <br /> requ <br /> CFR 18.42). <br /> If A enc should cause the project to be canceled or terminated for any reason prior to its <br /> 28. g Y <br /> completion, Agency agrees to reimburse State within three months of billing for any costs that have <br /> been incurred by State on behalf of the project. <br /> rees to reimburse State, for federal-aid funds <br /> 29. State shall request reimbursement, and Agency ag <br /> distributed to Agency if any of the following events occur: <br /> a) That right-of--way acquisition or actual construction o c ose oft e tenth fscal <br /> preliminary engineering is undertaken is not started by the <br /> year following the fiscal year in which the federal-aid funds were authorized; <br /> S'rpPR098.doc 5 <br /> Rev.06-04-98 <br /> <br />