Repository: UIHistories Project: Board of Trustees Minutes - 1978 [PAGE 417]

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406

BOARD OF TRUSTEES

[September 21

(herein called the ''Project") consisting of the- following-described- airport development: . . . . . . construct five-stall Fire/Crash/Rescue Building (approximately 5,200 s<J.v ft.), including ramp area, access roads, and utilities; all as more particularly- described in the property map. and plans and specifications incorporated in the said project application; . . . . . ,.._. , Now, Therefore, pursuant to and for the purpose of carrying out the provisions of the Airport and Airway Development Act of 1970, as amended (49 U.S.C. 1701), and in consideration of (a) the Sponsor's adoption and ratification of the representations and assurances contained in said project application, and its acceptance of this offer as hereinafter provided, and (b) the benefits to accrue to the United States and the public from the accomplishment of the Project and the operation and maintenance of Airport as herein provided. The Federal Aviation Administration, for and on Behalf of the United States, Hereby Offers and Agrees to pay, as the United States' share of the allowable costs incurred in accomplishing the project, 90 percentum thereof. This offer is made on and subject to the following terms and conditions: 1. The maximum obligation of the United States payable under this offer shall be $410,400. 2. The Sponsor shall: a. begin accomplishment of the project within ninety (90) days after acceptance of this offer or such longer time as may be prescribed by the FAA with failure to do so constituting just cause for termination of the obligations of the United States hereunder by the FAA; b. carry out and complete the project without undue delay and in accordance with the terms hereof, the Airport and Airway Development Act of 1970, and Sections 152.57-152.63 of the Regulations of the Federal Aviation Administration (14 CFR 152) in effect as of the date of acceptance of this offer; which Regulations are hereinafter referred to as the "Regulations"; and c. carry out and complete the project in accordance with the plans and specifications and property map, incorporated herein, as they may be revised or modified with the approval of the FAA. 3. The allowable costs of the project shall not include any costs determined by the FAA to be ineligible for consideration as to allowability under Section 152.47 (b) of the Regulations. 4. Payment of die United States' share of the allowable project costs will be made pursuant to and in accordance with the provisions of Sections 152.65152.71 of the Regulations. Final determination as to the allowability of the costs of the project will be made at the time of the final grant payment pursuant to Section 152.71 of the Regulations: Provided, that, in the event a semifinal grant payment is made pursuant to Section 152.71 of the Regulations, final determination as to the allowability of those costs to which such semifinal payment relates will be made at the time of such semifinal payment. 5. The FAA reserves the right to amend or withdraw this offer at any time prior to its acceptance by the Sponsor. 6. This offer shall expire, and the United States shall not be obligated to pay any part of the costs of the project unless this offer has been accepted by the Sponsor on or before September 30, 1977, or such subsequent date as may,.l)e prescribed in writing by the.FAA. 7. The Sponsor hereby agrees that it-will incorporate or cause to be incorporated