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Crty of Eugene /State of Oregon l7ept. caf Transportation <br /> Agreement Na. 2? 726, Amendment No. ? <br /> match amount, unless otherwise agreed to and specified in the intergovernmental <br /> agreement. If federal funds are used, Agency will specify the Catalog of Federal- Domestic <br /> Assistance (CFDA) number in the Agreement. Agency will also determine and clearly state <br /> <br /> . in the Agreement if recipient is a subrecipient or vendor, using criteria in Circular A-133. <br /> 24. Agency's estimated share and advance deposit. <br /> A. Agency shall, prior to commencement of the preliminary engineering andlor <br /> right-af-way acquisition phases, deposit with State its estimated share of each <br /> phase. Exception may be made in the case of projects where Agency has written <br /> approval from State to use in-kind contributions rather than cash to satisfy all ar <br /> part of the matching funds requirement. <br /> ~3. Agency's construction phase deposit shall be 11 Q percent of Agency's share of <br /> the engineer's estimate and shall be received prior to award of the construction <br /> contract. Any additional balance of the deposit, based on the actual bid must. be <br /> received within 45 days of receipt of written notification by State of the final <br /> amownt due, unless the contract is canceled. Any unnecessary balance of a cash <br /> . deposit, based on the actual bid, will be refunded within 45 days of receipt by <br /> State of the Project sponsor's written request. <br /> C. Pursuant to OF7S 366.425, the advance deposit may be in the term of 1) money <br /> deposited in the State Treasury (an option where a deposit is made in the Local <br /> Government Investment Poal, and an Irrevocable .Limited Power of Attorney is <br /> sent to the Highway Finance Office), ar 2) an Irrevocable Letter of Credit issued <br /> by a local bank in the name of State, or 3) cash. <br /> D. Agency may satisfy all or part of any matching funds requirements by use of in- <br /> kind contributions rather than cash when prior written approval has been given by <br /> State. <br /> 25. If the .estimated asst exceeds the fatal matched federal funds available, Agency shall <br /> deposit its share of the required matching funds, plus 1 QQ percent of all casts in excess of <br /> the fatal matched federal funds. Agency shall also pay 1 QO percent of the cast of any item <br /> in which PHWA will not participate. If Agency has not repaid any non-participating cast, <br /> future allocations of federal funds, ar allocations of State Highway Trust Funds, to that <br /> .Agency may be withheld to pay the non-participating costs. If State approves processes, <br /> procedures, ar can>:ract administration outside the Laval Agency Guidelines that. result in <br /> items being declared non-participating, those items will not result in the withholding of <br /> Agency's future allocations of federal funds ar the future allocations of State Highway Trust <br /> Funds. <br /> 25. Costs incurred by State and Agency far services performed in connection with any phase. of <br /> the Project shall be charged to the Project, unless otherwise mutually agreed upon. <br /> 27. If Agency makes a written request far the cancellation of a federal-aid project; Agency shall <br /> bear 1 q0 percent of all casts as of the date of eancell~tion. If State was the sale cause of <br /> the cancellation, State shall bear 1QQ percent of all casts incurred. If it is determined that <br /> the cancellation was caused by third parties or circumstances beyond the control of State or <br /> 8 <br /> <br />