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1.02 "Work Plan" means the means the items of work identified in Exhibit A to this <br />Agreement. <br />Section 2. Grant Amount, Match, Grant Period and Reimbursement Procedures. <br />2.01 Estimated Project Amount. The total estimated cost of the Project is the sum of <br />the Maximum Grant Amount and Grantee match on page 1 of this agreement. <br />2.02 Maximum Grant Amount. The Council agrees to make available to Grantee <br />during the grant period a grant of up to Maximum Grant Amount identified on page 1. This amount <br />is granted for the purpose of reimbursing Grantee for a portion of the eligible costs of performing <br />the Project. <br />In no event will the Council's obligations exceed the lesser of the following: <br />A. The Maximum Grant Amount; or <br />B. 75% of the total Project expenditures. <br />The Council will bear no responsibility for cost overruns incurred by Grantee in <br />performance of the Project. <br />2.03 Grantee Match. Grantee must provide at least a 25% local match against the <br />Maximum Grant Amount. If the final expenses for the Project are less than the Estimated Project <br />Amount, then the local match will be reduced to 25% of the final Project amount. If the final <br />expenses for the Project exceed the Estimated Project Amount, Grantee is responsible for <br />providing the funds to cover the final costs and expenses. The local match may be cash or an in- <br />kind match. <br />2.04 Grant Period. The grant begins on the date that this Agreement is fully executed <br />and expires on the earlier of December 31, 2018, or until Grantee satisfactorily fulfills all of its <br />obligations this agreement. After that date, all grant funds that Grantee has not spent revert to the <br />Council. <br />Section 3. Performance of the Project <br />3.01 Use of Funds. Grantee must use the proceeds of this grant only for the eligible <br />costs of the Project as described in this Agreement. <br />3.02 Eligible Costs. Only the costs specified in this section are eligible for <br />reimbursement out of the grant proceeds. Exhibit B to this Agreement provides the budget for the <br />Project. Grantee may only use the grant funds to pay eligible line item costs in Exhibit B or for <br />costs incurred in preparing the Work Plan in Exhibit A. If the actual cost of a line item in Exhibit <br />B exceeds the budgeted amount by more than 10%, Grantee must notify the Council and Grantee <br />2 <br />