Resolution 2006-46 - Laserfiche WebLink

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8. 'c ,rx'` r ' , 2far ?t Conditions for l)ishursemeat of Founds. Except as provided ui Paragraph 9, below, the funds hereunder , , c. e. 10. Pass received att subject to the following requirements and conditions: a. The Grant funds shall only be used for the acquisition of fixed assets, including land acquisition, construction of new facilities, and enlargement or renovation of existing facilities. Funding pla not be used to pay for maintenance costs, design costs, administrative costs (such as salaries associated with administering the Grant, office supplies, telephone, or travel. expenses), non -fixed assets (such as athletic equipment), or any other costs deemed to be ineligible by the Board. however, up to 50% of the total designs, engineering and/or architectural costs may be used toward the snatch as described in the Project Application. b. Dishursennent of Grant funds shall be made on the basis of costs actually incurred by Grantee and supported by written documentation (receipts, bills, etc.). A reduction in total Project cost or a reduction in Grantee's matching funding may result a proportional reduction in the grant award in GOCO's sole discretion. GOCO may, in its discretion, depending on the nature of the Project require documentation of mechanics hen waivers or waivers of claims to public project perk3rinaace bonds as a precondition to any disbursement: under this Agreement. :vatrzd�t� , eat of Grant. Subject to GOCO's cletermina has available sufficient net lottery proceeds to fan is sole d Except as otherwise agreed to in advance by GOCO in accordance with tie t erms .rnerrt, no material modifications have been trade to, or material delays in t Timeline experienced by, the Project. d. Full ztnd final payment of the Grant funds wi11 be made to Grantee upon completion of the Project, and submission and approval of the Project. Expenditure 'Documentation and such other information as is required under this Agreement, including, without limitation, the information required under Paragraphs 6 and 7, above. Grantee shall submit a written request for reiratbursement as outlined in the Project Expenditure Documentation prior to the completion date.. Projects are considered completed when all anticipated land has been acquired, and all facilities, trails or other mprovements included in the Project as approved have been built and are ready for their tided use. Failure to submit the request fOr reimbursement within the specified time period in reduction or loss of grant dollars even if there Are u'ndisbursed. amounts remaining may re in the Grant. 9. Waiver. The Executive Director or the Executive Director's de ignee array in such person's discretion, waive or agree to modify one or more of the obligations in sections 6, 7 or 8 of the A rcement, or may permit performance of one or more of such obligations subs t to disbursement. n that it has -1 subject to the 4