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DocuSign Envelope ID: 67A848F2-43D5-4DF5-8EF1-747972F4F304 <br />EXHIBIT C - FUNDING PROVISIONS <br />A. Cost of Work Estimate <br />MTF M825-015 (23387) MMOF <br />The Local Agency has estimated the total cost the Work to be $950,000.00, which is to be funded as follows: <br />1. BUDGETED FUNDS <br />a. State Funds $475,000.00 <br />(50.00% of Participating Costs) <br />b. Local Agency Matching Funds $475,000.00 <br />(50.00% of Participating Costs) <br />TOTAL BUDGETED FUNDS <br />$950,000.00 <br />2. ESTIMATED PAYMENT TO LOCAL AGENCY <br />a. State Funds Budgeted $475,000.00 <br />TOTAL ESTIMATED PAYMENT TO LOCAL AGENCY <br />$475,000.00 <br />3. FOR CDOT ENCUMBRANCE PURPOSES <br />a. Total Encumbrance Amount $950,000.00 <br />b. Less ROW Acquisition 3111 and/or ROW Relocation 3109 $0.00 <br />Net to be encumbered as follows: <br />$950,000.00 <br />Note: No funds are currently available. Design and Construction funds will become available after execution of <br />an Option letter (Exhibit B) or formal Amendment. <br />WBS Element 23387.10.30 <br />Performance Period Start*/End Date <br />N/A / N/A <br />Design <br />3020 <br />$0.00 <br />WBS Element 23387.20.10 <br />N/A / N/A <br />Const. <br />3301 <br />$0.00 <br />*The Local Agency should not begin work until both of the following are in place: <br />1) The execution of the document encumbering funds for the respective phase; and <br />2) Local Agency receipt of the official Notice to Proceed. Any work performed before these milestones are achieved will not be <br />reimbursable. <br />Exhibit C - Page 1 of 2 <br />