AgdaPkt 2008-10-27 Clsd and Reg - Laserfiche WebLink

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6.3A Page 7 NOW, THEREFORE, in consideration of the promises, mutual covenants, and agreements contained herein, and in furtherance of the recitals set forth hereinabove, it is understood and agreed by and between BACW A and Project Sponsor as follows: EXHIBITS The following exhibits, attached hereto, are incorporated herein and made a part hereof for all purposes, to-wit: Exhibit "N'; The State Agreement (unexecuted version) Exhibit "B": Work Plan Exhibit "C": Schedule Exhibit "D": Budget Exhibit "E": Report Format Exhibit Up": BACW A Board Resolution authorizing execution of this Implementation Agreement Exhibit "0": Project Sponsor Board Resolution authorizing execution of this Implementation Agreement Exhibit "H": Statewide Monitoring PURPOSE: SHARE OF COSTS 1. PURPOSE: This Implementation Agreement is made by and between BACW A and Project Sponsor to assist in fmancing that particular project titled "Redwood City Recycled Water Project Distribution Pipeline Bid Package 7" and descnbed in Exhibit "B", Work Plan (hereinafter "Project"). Project Sponsor's share of the State Grant funds may be used only as provided in this Implementation Agreement for Eligible Costs as included in Exhibit "B" , Work Plan. 2. TERM: The term of this hnplementation Agreement begins on March 20, 2007, and terminates when Project Sponsor's obligations under this Implementation Agreement have been fully satisfied. 3. STATE GRANT AMOUNT: Project Sponsor's share of the $12,500,000.00 in State Grant funds is $972,800.00, which such share shall hereinafter be referred to as the "State Grant Amount" and which is summarized in Exhibit "D", Budget. 4. PROJECT SPONSOR'S COSTS: The total reasonable costs of Project are estilnated to be $4,087,000.00, which are sll.'TImarized in Exhibit "D", Budget. Project Sponsor agrees to fund the difference, if any, between the total estimate of {00907092} 3