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<br />12. Local Project Sources and Uses of Funds <br /> <br />A. Project Cost Estimate: A Project Cost Estimate and Payment Schedule is provided in <br />Attachment C, showing the total estimated development cost of the Project. This <br />estimate shows the itemized cost of real property, utilities, environmental assessments <br />and remediation, architectural and engineering activities, construction, and any other <br />substantial items of cost. To be eligible for reimbursement, costs must have been <br />included in the itemized budget section of the nomination form approved by the <br />Texas Transportation Commission. Costs may be shifted between work categories <br />after receiving written approval from the State. <br />B. A Source of Funds estimate is also provided in Attachment C. Attachment C shows <br />the percentage and absolute dollar amounts to be contributed to the Project by federal, <br />state, and local sources. <br />C. The Local Government will be responsible for all non-federal participation costs <br />associated with the Project, including any overruns in excess of the Project cost <br />estimate and any operating or maintenance expenses. Donations made by a non- <br />governmental organization of real property, cash, materials, and services required for <br />the development of the Project may be eligible to count towards the local funding <br />share of a project as in-kind contributions. In order to be considered as an eligible in- <br />kind contribution, donations must be made by a non-governmental organization. The <br />value of the donated contributions of real property, materials, or services will be <br />based on fair market value. In-kind donations of services are limited to preparation of <br />plans, specifications and estimates, and may account for no more than ten percent <br />(10%) ofthe allowable Project's cost. The remaining balance ofthe local <br />contribution shall be in cash, donated real property or materials. The Local <br />Government may also provide services or materials to reduce the overall cost of a <br />Project, but it will not be considered as an in-kind contribution. Donations of real <br />property must be from private ownership to public ownership for Project purposes. <br />D. The State will be responsible for securing the federal share of funding required for the <br />development and construction of the Project, in an amount not to exceed eighty <br />percent (80%) of the actual cost of the work up to the amount of funds approved for <br />the Project by the Texas Transportation Commission. Federal funds will be <br />reimbursed on a cost basis, Project cost incurred prior to Project selection by the <br />Texas Transportation Commission and approval by the State to proceed are not <br />eligible for reimbursement. <br />E. Following execution of this agreement, but prior to the performance of any review <br />work by the State, the Local Government will remit a check or warrant made payable <br />to the "Texas Department of Transportation" to cover the estimated cost for the <br />State's review of the preliminary plans, specification, and engineering (PS&E) work. <br />The Local Government shall advance to the State a minimum of twenty percent (20%) <br />of the State's PS&E review cost. The estimated amount of this advance for this <br />Project is $2.000.00, including cash and allowable donations. <br />F. Sixty (60) days prior to the date set for receipt of the construction bids, the Local <br />Government shall remit its remaining financial share for the State's estimated <br />construction oversight and construction costs. The Local Government must advance <br /> <br />8 <br />