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Transit Financial Assistance Grant Agreement Regional Sales and Use Tax 4. The Council awarded active transportation grant program funds to the Grantee subject to any terms, conditions, and clarifications stated in its Council Action, and with the understanding that the "Project" identified in the application will proceed to completion in a timely manner, all grant funds will be expended prior to the "Expiration Date" identified above and Project construction will be completed before the "Expiration Date." NOW, THEREFORE, the Council and the Grantee agree as follows: I. PROJECT; APPROVED BUDGET AND MATERIAL REPRESENTATIONS 1.01 Project. The Grantee agrees to perform and complete in a satisfactory and proper manner the Project specified in Exhibit A in accordance with the terms and conditions of this Agreement. The Project describes the activities to be completed by the Grantee and a proposed schedule for the completion of the Project. All Project activities must be consistent with the approved scope of work and the approved budget detailed below. Any proposed change to the Project must adhere to the Transportation Advisory Board (TAB) Scope Change Policy. There are three types of scope changes: administrative, informal, and formal. Administrative scope changes are considered minor and can be reviewed and approved by Council staff. Informal scope changes that do not substantively impact the regional benefit of the Project may be approved by Council staff and completed with an executed grant contract amendment. Formal scope changes are changes deemed have the potential to significantly alter the estimated regional benefits of the Project and must go through the formal committee process and be approved by the TAB. In all cases a Grantee initiates a scope change request by submitting a signed letter of request outlining the changes being requested and subsequent impacts to the Project outcomes. 1.02 Approved Budget; Budget Variances. The Grantee will complete the Project in accordance with the approved budget specified in Exhibit A. The Grantee may reallocate up to twenty percent (20%) of the Grant Amount among the grant -funded activities provided: (a) the grant funds may be used only for Project activities for which the Council awarded the grant funds; (b) the reallocation does not significantly change the Project deliverables; and (c) the Grantee receives written permission from Council staff prior to reallocating any grant funds. Budget variances that exceed twenty percent (20%) must be made by written amendment of this Agreement. Notwithstanding the aggregate or net effect of any variances, the Council's obligation to provide grant funds under this Agreement shall not exceed the Grant Amount identified on Page 1 of this Agreement. 2 Approved by OGC 12/16/24