Agmt18 San Mateo Co Transportation Authority and Peninsula Corridor Joint Powers Board MOU

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WHEREAS, the Sponsor and the JPB desire the JPB to be the lead implementing agency for the Scope of Work as described in Section A.2, below. Now, THEREFORE, the Parties to this MOU agree as follows: A. Project Description and Scone 1. Project Description. This Project is the Whipple Avenue Grade Separation in Redwood City, California. 2. Scone of Work. The Scope of Work is the Project Study Report Phase as described in Exhibit A, "Scope of Work Information," which is attached to this MOU and incorporated herein by this reference. 3. Limited to Scope of Work. This MOU is intended to cover only the Scope of Work. B. Funding and Payment Funding Commitment. The TA will provide up to $750,000 of Measure A Funds and the Sponsor will provide $100,000 in local matching funds and must provide at least 11.77% of the total costs for the performance of the Scope of Work (Scope of Work Costs). In no event will the TA provide more than its 88.23% pro -rata share of the Scope of Work Costs. 2. Unused Funds. Any unused Measure A Funds allocated hereunder but not required to complete the Scope of Work will revert to the New Measure A Grade Separation Program for the TA to reallocate to any eligible project through its usual funding allocation and programming activities. 3. Insufficient Funding. In the event that additional funding is needed to complete the Scope of Work, the Parties will identify the additional amounts needed and review those estimates with the Sponsor. While the Parties will work together to identify potential sources of funding, it is the responsibility of the Sponsor to obtain the necessary funds to complete the Scope of Work. The TA may consider requests for additional funding, but is under no obligation to grant such requests. 4. Funding Commitment. The Sponsor and the JPB will assess and confirm their ability to implement the Scope of Work within budget as part of the reporting requirements established in Section F.2, below. The Sponsor must further notify the TA between reporting cycles if the budget will not be sufficient to implement the Scope of Work. The TA reserves the right to suspend its funding obligation upon such notice, and the suspension will continue until the Sponsor and the JPB develop a credible funding plan acceptable to the TA to fund and implement the Scope of Work. 5. Use of Funds. The Sponsor and the JPB will use Measure A Funds only for the Scope of Work. The Sponsor and the JPB will not use Measure A Funds provided pursuant to this San Mateo County Transportation Authority/ City of Redwood City Project Study Repon Phase for Whipple Avenue Grade Separation Project 14387636.3 ATTY /AG R.2018.189/TA/J P B REV: 08 -07.18 DZ