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reimburse Louisville for one third (1/3) of Design Phase costs in excess of the grant funded portion within 30 days of receipt of each invoice, subject to subsection D. D. Construction Phase: -The CDOT grant will provide 50150 reimbursement up to $475,000 (less the amount spent on design) for the Construction Phase. Thereafter, each of the Parties will provide local cash match of one-third for remaining construction costs. Louisville will seek reimbursement from CDOT before invoicing the Parties for reimbursement. Each quarter, or at other agreed upon interval, commencing with the first quarter after (i) the Construction Phase is commenced, and (ii) the Grant funds are exhausted, Louisville shall send Lafayette and Boulder County an invoice for Construction Phase costs incurred by Louisville in the prior quarter, including copies of invoices and pay applications received from the consultant. Lafayette and Boulder County each agree to reimburse Louisville for one third (1/3) of Construction Phase costs in excess of the grant funded portion within 30 days of receipt of each invoice, subject to this subsection D. E. Total Party Contributions: Except as provided in Section 6, each Party's total contribution, excluding the Grant funds, shall not exceed three hundred twenty thousand dollars ($328,500). Provision of Financial Records. Boulder County and Lafayette agree to provide to Louisville the financial records necessary to conform to the Grant requirements, including all expenses related to the construction of the Connector Trail, so that Louisville can prepare the final Grant reports and obtain related reimbursements from the Grant. The financial records will be provided no later than 30 days from Louisville's request for the documentation. 6. Additional Cash Match. If, after final design of the Connector Trail is complete, unanticipated cost overruns exceed the agreed upon amounts for construction in the Proposed Project Budget set forth in Exhibit B and require additional funding by the Parties, Louisville and Lafayette authorize their respective City Managers or authorized designees, and Boulder County authorize the Boulder County Parks & Open Space Director or authorized designee to mutually agree in writing to increase each Party's Cash Match by equal amounts, up to $33,000 per Party, not to exceed a total of $99,000 for all Parties. If the unanticipated increase in the required cash match exceeds $99,000, or if there is not mutual agreement by the City Managers and Boulder County Parks & Open Space Director, the Parties agree to work in good faith to determine whether there is interest in renegotiating the Agreement to increase the Parties' financial commitments. If the Parties are unable to renegotiate the Agreement to address the need for additional cash matches above $99,000, a Party may choose to provide the additional cash match and complete the construction of the Connector Trail and the other Parties will only be obligated to pay their original cash match as required by this Agreement. If no Party chooses to complete the Connector Trail by providing the additional cash match, Louisville may cancel the construction of the Connector Trail and return unexpended portions of the Grant. 7. Maintenance. For purposes of this Agreement, the trail corridor shall be managed for public recreational purposes and include the constructed trail surface plus generally four feet (4') on each side of the constructed trail. The parties agree to assume maintenance and will conduct maintenance and/or repair of the sections of the Connector Trail as described below. 4 DocuSign Envelope ID: FAOB590D-1B04-4350-AAE4-D32E52Dlc61B