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HomeMy WebLinkAboutContract CAG-02-102 '+�w➢` Wr,�,r ;�'����, Arterial Improvement Program (AIP) '�� Design Phase Project Agreement Lead Agency City of Renton Project Number 8-1-017(069)-2 Project Title&Description Duvall Avenue SR-900 to North C/I Total Amount Authorized Authorization to Proceed Effective From $684,000 March 19, 2002 In consideration of the allocation by the Transportation Improvement Board of TIB funds to the project and in the amount set out above,the agency hereby agrees that as condition precedent to payment of any TIB funds allocated at any time to the above referenced project, it accepts and will comply with the terms of this agreement, including the terms and conditions set forth in RCW 47.26; the applicable rules and regulations of the Transportation Improvement Board, and all representations made to the Transportation Improvement Board upon which the fund allocation was based; all of which are familiar to and within the knowledge of the agency and incorporated herein and made a part of this agreement, although not attached. The ofFicer of the agency, by the signature below hereby certifies on behalf of the agency that local matching funds and other funds represented to be committed to the project will be available as necessary to implement the projected development of the project as set forth in the DESIGN PROSPECTUS,acknowledges that funds hereby authorized are for the development of the design proposal as defined by Chapter 167, Laws of 1988. If the costs of the project exceed the amount of TIB funds authorized by the Transportation Improvement Board, set forth above, and the required local matching funds represented by the local agency to be committed to the project, the local agency will pay all additional costs necessary to complete the project as submitted to the board. This shall not prevent the local agency from requesting an increase in the amount of trust funds pursuant to applicable rules of the Board. Projects in clean air non-attainment areas are subject to air qualiry conformity requirements as specified in RCW 70.94.The lead agency certifies that the project meets all applicable clean air act requirements. In consideration of the promises and performance of the stated conditions by the agency, the transportation improvement board hereby agrees to reimburse the agency from allocated TIB funds and not otherwise, for its reimbursable costs not to exceed the amount specified. Such obligation to reimburse TIB funds extends only to project costs incurred after the date of the board's allocation of funds and authorization to proceed with the project. CITY OF RENTON TRANSPORTATION IMPROVEMENT BOARD ,�` � 6.,��o� __/�,����°�!�n��,.�- 3 is�z- Agency Cev�gnee Date �jr Executive Director Date Attest:��l.�.�" (�(/G�,��=•=. Bonnie I �JValton,City Clerk