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

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6.3A Page 8 Project work costs and the State Grant Amount specified in Paragraph 3, above. Project Sponsor's Costs are therefore estimated to be $3,114,200.00, which is summarized in Exhibit "D", Budget. Project Sponsor agrees to dedicate revenues in the amount of the estimate of Project Sponsor's Costs as described in Exhibit "D", Budget, as such estimate may be revised from time to time, which such dedicated revenues may be utilized only for the payment of Project Sponsor's Costs. 5. ELIGIBLE COSTS: Project Sponsor shall apply its share of State Grant funds received only to Eligible Costs. "Eligible Costs" are the reasonable and necessary costs of engineering, design, legal fees, land and easement, preparation of environmental documentation, environmental mitigation, and project implementation. Only work perfonned after the effective date of the State Agreement between BACW A and DWR shall be elig.ible for reimbursement. Costs incurred after November 5,2002, and prior to the effective date of the State Agreement, are not eligible for reimbursement. However, such costs may be considered, at DWR's discretion, as part of Project Sponsor's funding match, if such costs were otherwise reimbursable. Reasonable administrative expenses may be included as project costs and will depend on the complexity of Project preparation, planning, coordination, construction, acquisitions" implementation, and maintenance. Reimbursable administrative expenses are the necessary costs incidentally but directly related to Project, including an appropriate pro-rata allocation of overhead and administrative expenses that are regularly assigned to all such projects in accordance with the standard accounting practices of Project Sponsor. Costs that are not reimbursable with State Grant funds include, but may not be limited to, the following: {00901092} a. Costs incurred prior to March 20, 2007. b. Project operation and maintenance costs, including post-construction performance and monitoring costs, C. Purchase of equipment not an integral part of Project. d. Establishing a reserve fund. e. Purchase of a water supply. f. Replacement of existing funding sources for ongoing programs. g. Support of existing agency requirements and mandates. h. Purchase of land in excess of the minimum required acreage necessary to operate as an integral part of Project, as set forth and detailed by engineering and feasibility studies, or land purchased prior to the effective date of the State Agreement 4