Common use of SPECIFIC TERMS OF THE AGREEMENT Clause in Contracts

SPECIFIC TERMS OF THE AGREEMENT. 1. Title of the Project (the "Project"): [Insert Board Approved Project Title]. LACMTA Call for Projects ID# [Insert #], FTIP # [Insert #]. 2. To the extent the Funds are available, LACMTA shall make to Grantee a one-time grant of the Local Transportation Funds in the amount of $[Insert Grant Amount] (the “Funds”) for the Project in accordance with the terms of this Agreement. LACMTA Board of Directors’ action of [Insert Board Meeting Date, not P&P Date], granted the Funds to Grantee for the Project. The Funds are programmed over [Insert # of Years Funds Granted] years, Fiscal Years (FY) [201_-1_; 201_-1_. Insert Fiscal Years Funds Granted, REMOVE REST OF PARAGRAPH IF ONLY ONE YEAR]. LACMTA Board of Directors’ action approved Funds for FY [201_-1_ Insert Appropriate Fiscal Year] only in the amount of $[Insert Amount of First Fiscal Year Funding]. LACMTA Board of Directors’ action will be required annually to approve Funds for each subsequent Fiscal Year prior to those Funds being allocated to Grantee.

SPECIFIC TERMS OF THE AGREEMENT. 1. Title of the Project (the "Project"): [Insert Board Approved Project Title]. LACMTA Call for Projects ID# [Insert #], FTIP # [Insert #]. 2. To the extent the Funds are available, LACMTA shall make to Grantee a one-time grant of the Local Transportation Funds Proposition C % funds in the amount of $[Insert Grant Amount] (the “Funds”) for the Project in accordance with the terms of this Agreement. LACMTA Board of Directors’ action of [Insert Board Meeting Date, not P&P Date], granted the Funds to Grantee for the Project. The Funds are programmed over [Insert # of Years Funds Granted] years, Fiscal Years (FY) [201_-1_; 201_-1_. Insert Fiscal Years Funds Granted, REMOVE REST OF PARAGRAPH IF ONLY ONE YEAR]. LACMTA Board of Directors’ action approved Funds for FY [201_-1_ Insert Appropriate Fiscal Year] only in the amount of $[Insert Amount of First Fiscal Year Funding]. LACMTA Board of Directors’ action will be required annually to approve Funds for each subsequent Fiscal Year prior to those Funds being allocated to Grantee.