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ACTIA 2002 -26 <br /> APPENDIX C <br /> POLICY REGARDING ACTIA FUNDS SPENT OR ALLOCATED TO PROJECTS <br /> THAT ARE LATER REMOVED FROM THE PLAN. <br /> INTENT <br /> It is the intent of ACTIA to fund projects shown in Alameda County's 20 -year Transportation <br /> Expenditure Plan (PLAN) in accordance with the limitations set forth in the PLAN. In the event <br /> that PLAN projects cannot be delivered for any reason, the equitable close out of the project is <br /> contained in this Policy. <br /> POLICY <br /> Where more than ACTIA funds are required to complete a project, SPONSOR shall secure <br /> additional funding. In the event that SPONSOR cannot secure additional funding, and/or the <br /> scope of a project cannot be reduced to meet the available funds and still conform to the PLAN <br /> requirements, or where SPONSOR does not meet the delivery schedule and a project is removed <br /> from the PLAN, SPONSOR and ACTIA agree to share expenditures on eligible costs to date on <br /> the following basis: <br /> 1. Costs expended to Scope a project shall be considered reimbursable costs and shall <br /> be paid for in total by ACTIA. <br /> a. The amount of these costs shall be limited by agreement prior to the expenditure <br /> of such funds, and are generally limited to no more than 10% of the ACTIA <br /> participation. <br /> b. Tasks under this PHASE shall be limited by agreement to those tasks necessary to <br /> determine the scope and funding requirements of a project. <br /> 2. Costs expended for any PHASE beyond the Scope PHASE shall be shared on a <br /> proportionate share basis. Each proportionate share shall be based on the proposed <br /> PLAN capital expenditures. The ACTIA proportionate share of eligible costs shall <br /> be calculated based on the percentage anticipated in the PLAN or that developed in <br /> the Scope PHASE as discussed above. The formula shall be as follows: <br /> ACTIA Funds in PLAN <br /> Sales Tax Funding (97/98 dollars) <br /> ACTIA Proportionate Share = X Eligible Costs <br /> Total ProjectCost in <br /> PLAN (97/98 dollars) <br /> The remainder of the eligible costs shall be the SPONSOR's Proportionate Share. <br /> In the case where "Other Funding Sources" amounts are shown in the PLAN as "tbd" (to be <br /> determined) then the formula shall be altered in the SPECIFIC AGREEMENT with the <br /> SPONSOR to reflect proportionate risk and the proposed size of the particular project. <br /> Final 5/16/02 Page D -6 <br />