15-007 - WA State Historical Society - Duwamish Hill Preserve Grant

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5. AMOUNT OF GRANT The Washington State Legislature appropriated five hundred fifteen thousand dollars ($515,000.00). Of this appropriation, the total funds available to the GRANTEE for reimbursement of eligible costs shall be four hundred ninety-nine thousand, five hundred fifty dollars ($499,550.00). The AGENCY shall retain three percent (3.0%) of the uppnnphu1ion, fifteen thousand, four hundred fifty dollars ($15,450.00), as the cost of adrninistering the grant and this contract. 6. COST SHARE a) The total cost of the project shall include only those costs that are eligible expenditures m described in ATTACHMENT D (PROJECT BUDGET). GRANTEE agrees tha the amount of state funding shall not exceed thirty-three percent (33.0%) of the total cost of the project. The non-state portion of the total cost of the p jcot shall be the GRANTEE's cost share of the total cost of the project. The amount of cost share shall be one mililon one hundred twenty-nine thousand, five hundred sixty dollars ($l,i29,50U.00). b) At least one-half of GRANTEE's cost share of the total cost of the project shal|heincash. The other half may be made up of cash and in-kind contributions, as defined in ATTACHMENT A (GENERAL PROVISIONS). c) By signing this agreement, GRANTEE warrants that at the time of this contract's effective date, ATTACHMENT E (SOURCE OF AVAILABLE FUNDS) accurately represents the cash and in-kind contributions, whether pledged, held by the GRANTEE or expended on this project. J) Project expenditures incurred after the Capital Budget is signed into law and prior to the effective date of this contract are eligible for reimbursement only if they are consistent with the terms and conditions of this contract and the GRANTEE complies with the billing procedures described in ATTACHMENT A ((3ENERAI. PROVISIONS). Project expenditures incurred prior to the date the Capital Budget is signed into law by the governor shall not be reimbursed. 7. PERIOD OF PERFORMANCE The period of performance under this contract shall be from the date of the last signature of the contracting parties to June 30, 2015. Without further appropriation from the legislature, expenditures beyond this date shall not be reimbursed. The requirement to rnaintain ownership or a lease on the subject property and to use it for the express purposes of the grant, as stated in Section 8, shall remain in full force and effect for thirteen years following GRANTEE's completion of the project. R. CAPITAL IMPROVEMENTS TO BE HELD BY GRANTEE a) Capital improvements funded by the Heritage Capital Projects Fund are to be used for the express purpose ofthis grant. No funds appropriated from the Heri Capital Projects Fund shall be used for capital improvements not included in the legislative appropriation and specifically designated in this grant contract with the AGENCY.