Resolution 2023-11 - Laserfiche WebLink

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DocuSign Envelope ID: 78EDDF4F-1 D84-47F2-AF00-97000AF40928 Less ROW Acquisition 3111 and/or ROW Relocation 3109 $0.00 NET TO BE ENCUMBERED BY CDOT IS AS FOLLOWS $7,200,000.00 Note: No funds are currently available. Design and Construction funds will become available after execution of an Option letter (Exhibit B) or formal Amendment. STBG Federal Award WBS Element 25380.10.50 Performance Period Start*/End Date Misc. 3404 $0.00 TBD-TBD WBS Element 25380.10.10 Performance Period Start*/End Date ROW 3114 $0.00 TBD-TBD ARPA MMO Federal Award WBS Element 25380.10.50 Performance Period Start**/End Date Misc. 3404 $0.00 TBD-TBD WBS Element 25380.10.10 Performance Period Start**/End Date ROW 3114 $0.00 TBD-TBD SB 267 State Award WBS Element 25380.10.50 Performance Period Start**/End Date Misc. 3404 $0.00 N/A - N/A WBS Element 25380.10.10 Performance Period Start**/End Date ROW 3114 $0.00 N/A - N/A *For STBG Funds, the Local Agency should not begin work until all three (3) of the following are in place: 1) Phase Performance Period Start Date; 2) the execution of the document encumbering funds for the respective phase; and 3) Local Agency receipt of the official Notice to Proceed. Any work performed before these three (3) milestones are achieved will not be reimbursable. **For ARPA MMO & SB 267 Funds, the Local Agency should not begin work until both of the following are in place: 1) the execution of the document encumbering funds for the respective phase; and 2) Local Agency receipt of the official Notice to Proceed. Any work performed these two (2) milestones are achieved will not be reimbursable. B. Funding Ratios The funding ratio for the federal funds forthis Work is 90% federal & State funds to 10% Local Agencyfunds, and this ratio applies only to the $8,000,000.00 that is eligible for federal & State funding. All other costs are borne by the Local Agency at 100%. If the total cost of performance of the Work exceeds $8,000,000.00, and additional federal & State funds are not available, the Local Agency shall pay all such excess costs. If the total cost of performance of the Work is less than $8,000,000.00, then the amounts of Local Agency and federal & State funds will be decreased in accordance with the funding ratio described in Al. This applies to the entire scope of Work. C. Maximum Amount Payable The maximum amount payable to the Local Agency under this Agreement shall be $7,200,000.00. For CDOT accounting purposes, the federal funds of $1,000,000.00, federal ARPA funds of $3,200,000.00, and the State funds of $3,000,000.00 will be encumbered but the Local Agency funds of $800,000.00 will not be encumbered for a total encumbrance of $7,200,000.00. The total budget of this project is $8,000,000.00, unless this amount is increased by an executed amendment before any increased cost is incurred. The total cost of the Work is the best estimate available, based on the design data as approved at the time of execution of this Agreement, and that any cost is subject to revisions agreed to by the parties prior to bid and award. The maximum amount payable will be reduced without amendment when the actual amount of the Local Agency's awarded Agreement is less than the budgeted total of the federal funds and the Local Agency funds. The maximum amount payable will be reduced through the execution of an Option Letter as described in Section 7. E. of this contract. This applies to the entire scope of Work. ARPA Funds can only originate from and after May 18, 2021. Exhibit C-1 - Page 2 of 3