Agmt14 San Mateo County Transportation Authority "TA"

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1.6 Access to Records and Recoi�d Reten�ion. At all reasonable times, SPONSOR shall pertnit the TA access to alI reports,designs,drawings,plans, specifications,schedules � and other materials prepared,or in the process of being prepared,for the�roj ect by the SPONSOR or any conhactor or consultant of the SPONSOR. SPONSOR shall also make available to the TA upon request any professional service agreements,change orders and any other agreements that are entered into for the peei�formance of Project-related work and services. The SPONSOR shall provide copies of any documents described in this Section to the TA if the TA requests such documents. SPONSOR shall retain all records perta.ining to tlxe Project for at least three years after completion of the Project. 1.7 Right to Audit. The TA,or its authorized agents,may,at any reasonablc time during business hours,conduct an audit of the SPONSOR's pei�formance under this Agreement. Tl2e SYONSOR shall permit the TA,or its authorized�agents,to examine,inspect,make excerpts fiom,transcribe or phot000py books;documents,papers and other records of the SPONSOR which the TA reasonably determines to be relevant to this Agreement. SECTION 2:Funding and Payment 2.1 Fundin�Commitment. All funding obligations of the TA under this Agreement are subject to tl�e availability of funds in tlae azunual budget of the TA. The TA has allocated to the SP(JNSOR$241,811 over iwo years to be used towards SPONSOR's expendihtres related to the Project{"Pi�oject Costs"). The TA shall make this amoun.t available to#he SPONSOR as provided in this Section 2. The SPONSOR will contribute,or provide for the contribution of, any amount in excess of$241,811 needed to implement the Project . • and shall provide at least 45%of the total Project Costs. The TA's funding commiiment under this Agreement shall in no way establish a right for the SPONSOR to�receive additional funding from the TA in connection with or related to this I'roj ect.All funding obligations of the TA under this Agreement are subject to downward adjustment based on � acival sales tax receipts for the�iscal years indicated,or if SPONSOR receives funcliag for Project Cos�s fi:om other sources which allow SPONSOR to provide more than 45% of the total Project Costs over the term of the Agreement. 2.2 Use of Funds. SPONSOR agrees that it shall use funds provided p�usuant to this Agreement to supplement existing revenue,that funds provided pursuant to this Agreement may not be used to replace funds previously provided by local taxes or other local revenues for transportation purposes,and tliat the SPONSOR will li.mit the use of funds provided pursuant to this Agreement for the Project. If the TA determines that the SPONSOR has used fiinds provided pursuant to this Agreement other than for the approved Project,the TA will notify SPONSOR of its determination. The SPONSOR shall,within thirty(30)days of notification of the TA's determination,either(a)repay such funds to the TA,or{b)provide to the TA an answex detailing the SPONSOR's understanding of how the funds in question were spent for the approved Project,to which 3 San Mateo County Transponadon Aulhority/Cily of Rcdwood City Climato Best Gxpress,Midpoint Cnlaain Shunles December 17,2012 version boilerplate • � , A797083.t ATTY/AGR/2013.214/SAN MATEO COUNTY TRANSPORTATION AUTHORITY Page 3 of 20 REV:11-04-13 VR � , �