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224. <br />Page 5 of 6 pages <br />16. It is mutually understood and agreed that the plans and specifications <br />received by the Federal Aviation Administration (FAA) on November 11, <br />1974, are hereby incorporated herein and designated as only preliminary <br />plans; that sponsor will not commence construction of any item to be <br />accomplished under this project until it has submitted to FAA final <br />plans and. specifications satisfactory to the Administrator and until <br />such plans an:' specifications have been approved by FAA; that the <br />United States will not make nor be obligated to make any payment for <br />construction under this Grant Agreement until the sponsor has submitted <br />such plans and they have been approved as herein provided; and that <br />sponsor will submit said final plans and specifications to the Administrator <br />on or before 90 days from the acceptance date of this Grant Agreement. <br />17. It is understood and agreeed that sponsor has on hand $7,000 from the <br />recent sale of land formerly included in the airport; that sponsor will, <br />within twelve months of the acceptance of this Grant and without federal <br />participation, expend at least said sum on the construction, of T- hangar <br />taxiways to serve the ,T-hangars on the airport. <br />