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Agency/State <br /> Agreement No.23853 <br /> STATE OBLIGATIONS <br /> 1. State's .Bicycle and Pedestrian .Program shall review and must concur in the plans <br /> prepared by Agency before the Project is advertised for a construction contract or <br /> before construction begins if Agency forces shall perform the work. State's Bicycle and <br /> Pedestrian Program office shall process all billings submitted by Agency. <br /> 2. Upon receipt of notification that the-.:..Agency is prepared to proceed _with the <br /> development of Project, State shall provide to Agency an advance deposit in the sum. <br /> of $172,800, such amount being-equal to 50 percent of the State's share of the <br /> estimated Project costs. Upon completion of Project, inspection and approval by State.; <br /> staff, and receipt from Agency of an;itemized statement of the actual-total cost of the <br /> Project,. State shall deposit with Agency a final payment, the sum of $472,800, such <br /> <br /> . amount being equal to 50 percent of the State's share of the estimated Project costs. <br /> When added fo the advance deposit, the final deposit will equal the State's share of <br /> the originally estimated costs $345,640. Should final Project costs exceed the original <br /> estimate, extra costs shall be borne by Agency; the maximum amount ~ of State <br /> reimbursement is $345,600. If final Project costs are less than original estimate, State <br /> shall deposit with Agency a final payment in an amount which, when added to the <br /> .advance deposit, would equal the State's proportionate share of the- originally <br /> .estimated costs, based on a percentage calculated using State share and local match. <br /> 3. State certifies, at the time this Agreement is executed, that sufficient funds are <br /> available and authorized for expenditure to finance costs of this Agreement within <br /> State's current appropriation or limitation of current biennial budget. <br /> GENERAL PROVISIONS <br /> 1. This Agreement may be terminated by mutual written consent of the parties. <br /> 2. State may terminate this Agreement effective upon delivery of written notice to <br /> Agency,- or at such later date as may be established, by State, under any of the <br /> following conditions: <br /> a. If Agency fails to provide services called for by this Agreement within the <br /> time specified herein or any extension thereof. <br /> b. If Agency fails to perform. any of the other provisions of this Agreement, <br /> or so fails to pursue the work as to endanger performance of this <br /> Agreement in accordance with its terms, and after receipt of written _ <br /> notice from State fails to correct such failures within 10 days or such <br /> longer period as State may authorize: <br /> c. If Agency fails to provide payment of its share of the cost of the Project. <br /> 4 <br /> <br />