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RCO: 24-1328 Revision Date: 1/31/2025 Page 2 of 22 <br />LONG-TERM OBLIGATIONS <br />For this development project, the Sponsor’s long-term obligations for the project area shall be in perpetuity, beginning at <br />project completion, unless otherwise identified in the Agreement or as approved by the funding board or RCO. <br />PROJECT FUNDING <br />The total grant award provided for this project shall not exceed $500,000.00. The RCO shall not pay any amount beyond that <br />approved for grant funding of the project and within the percentage as identified below. The Sponsor shall be responsible for <br />all total project costs that exceed this amount. The minimum matching share provided by the Sponsor shall be as indicated <br />below: <br /> Percentage Dollar Amount Source of Funding <br />RCFB - WWRP - Local Parks 30.70% $500,000.00 State <br />Project Sponsor 69.30% $1,128,858.00 <br />Total Project Cost 100.00% $1,628,858.00 <br />At the direction of the legislature and RCO best practices, sponsors must utilize the project funds in a timely and efficient <br />manner in accordance with the project milestones set forth in this Agreement. Projects not aptly progressing towards <br />completion may have funding rescinded. <br />RIGHTS AND OBLIGATIONS INTERPRETED IN LIGHT OF RELATED DOCUMENTS <br />All rights and obligations of the parties under this Agreement are further specified in and shall be interpreted in light of the <br />Sponsor’s application and the project summary and eligible scope activities under which the Agreement has been approved <br />and/or amended as well as documents produced in the course of administering the Agreement, including the eligible scope <br />activities, the milestones report, progress reports, and the final report. Provided, to the extent that information contained in <br />such documents is irreconcilably in conflict with the Agreement, such information shall not be used to vary the terms of the <br />Agreement, unless the terms in the Agreement are shown to be subject to an unintended error or omission. “Agreement” as <br />used here and elsewhere in this document, unless otherwise specifically stated, has the meaning set forth in the definitions of <br />the Standard Terms and Conditions. <br />AMENDMENTS TO AGREEMENT <br />Except as provided herein, no amendment (including without limitation, deletions) of this Agreement will be effective unless set <br />forth in writing signed by all parties. Exception: extensions of the Period of Performance and minor scope adjustments need <br />only be signed by RCO’s director or designee and consented to in writing (including email) by the Sponsor’s Authorized <br />Representative/Agent or Sponsor’s designated point of contact for the implementation of the Agreement (who may be a <br />person other than the Authorized Agent/Representative), unless otherwise provided for in an amendment. This exception does <br />not apply to a federal government Sponsor or a Sponsor that requests and enters into a formal amendment for extensions or <br />minor scope adjustments. <br />It is the responsibility of a Sponsor to ensure that any person who signs an amendment on its behalf is duly authorized to do <br />so. <br />Unless otherwise expressly stated in an amendment, any amendment to this Agreement shall be deemed to include all current <br />federal, state, and local government laws and rules, and policies applicable and active and published in the applicable RCO <br />manuals or on the RCO website in effect as of the effective date of the amendment, without limitation to the subject matter of <br />the amendment. Provided, any update in law, rule, policy or a manual that is incorporated as a result of an amendment shall <br />apply only prospectively and shall not require that an act previously done in compliance with existing requirements be redone. <br />However, any such amendment, unless expressly stated, shall not extend or reduce the long-term obligation term. <br />COMPLIANCE WITH APPLICABLE STATUTES, RULES, AND POLICIES <br />This Agreement is governed by, and the sponsor shall comply with, all applicable state and federal laws and regulations, <br />applicable RCO manuals as identified below, Exhibits, and any applicable federal program and accounting rules effective as of <br />the date of this Agreement or as of the effective date of an amendment, unless otherwise provided in the amendment. <br />Provided, any update in law, rule, policy or a manual that is incorporated as a result of an amendment shall apply only <br />prospectively and shall not require that an act previously done in compliance with existing requirements be redone unless <br />otherwise expressly stated in the amendment. <br />For the purpose of this Agreement, WAC Title 286, RCFB policies shall apply as terms of this Agreement.