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<br />ITEM
<br />1. LAND COSTS
<br />2. CONSTRUCTION
<br />COSTS
<br />3. ENGINEERING AND
<br />SUPERVISION COSTS
<br />4. ADMINISTRATIVE
<br />COSTS
<br />5. TOTAL of 2, 3,
<br />AND 4 ABOVE
<br />6. CONTINGENCIES
<br />7. TOTAL ALL ES-
<br />TIMATED PROJECT
<br />COSTS ITEMS 1, 5,
<br />AND 6)
<br />TOTAL ESTIMATED SPONSOR'S ESTIMATED FEDERAL
<br />ESTIMATED
<br />COST SHARE OF COST SHARE OF COST
<br /> AMOUNT PERCENT AMOUNT PERCENT
<br />0
<br />183,667.00 91,833.50 50~ 91,833.50 50~
<br />11,933.00 5,966.50 50~ 5,966.50 50~
<br />500.00 250.00 50~ 250.00 50~
<br />196,100.00 98,050,00 50,E 98,050.00 50~
<br />3,900.00 1,950.00 50~ 1,950.00 50~
<br />200,000.00 100,000.00 50~ 100,000.00 50~
<br />THE SPONSOR HEREBY REPRESENTS AND CERTIFIES AS FOLLOWS:
<br />1. FUNDS. - THE SPONSOR NOW HAS ON DEPOSIT, OR IS IN A POSITION
<br />TO SECURE $IOO,000.OO FOR USE IN DEFRAYING THE COSTS OF THE
<br />PROJECT. THE PRESENT STATUS OF THESE FUNDS IS AS FOLLOWS:
<br />CASH IN LOCAL BANKS
<br />THE SPONSOR WILL DEPOSIT ALL PROJECT FUNDS IN PEOPLES NATIONAL BANK WHICH
<br />IS QUALIFIED BY LAW TO ACT AS A DEPOSITORY OF PUBLIC FUNDS. THE SPONSOR
<br />HEREBY DESIGNATES DIRECTOR OF FINANCE OF ALBEMARLE COUNTY, VIRGINIA TO
<br />RECEIVE PAYMENTS REPRESENTING THE UNITED STATES SHARE OF THE PROJECT COSTS.
<br />2. LAND. - THE SPONSOR HOLDS THE FOLLOWING PROPERTY INTERESTS
<br />IN THE FOLLOWING AREAS OF LANG WHICH ARE TO BE DEVELOPED OR USED AS PART
<br />OF OR IN CONNECTION WITH THE AIRPORT, SUBJECT TO THE FOLLOWING EXCEPTIONS,
<br />ENCUMBRANCES, ANO ADVERSE INTERESTS, ALL OF WHICH AREAS ARE IDENTIFIED
<br />ON THE PROPERTY MAP HEREfNABOVE REFERRED TO AS EXHIBIT "A";
<br />FEE SIMPLE, FREE AND CLEAR OF ALL LIENS AND ENCUMBRANCES,
<br />TO PARCELS NOS. 9, 9A, 10, 10A, 11, 11A, 1i B, 11C, 11D,
<br />12, 13, 14, 15, 16, 23A, 23B, 53, 57, 62, 63, 64, 65,
<br />66, 66A, 66C, 66E, AND A 20Ui SQUARE HAZARD BEACON SITE
<br />LOCATED WITHIN PARCEL NO. 20-18, EXCEPT THE RESERVATION
<br />OF THE RIGHTS TO ALL GROWING MERCHANTABLE TIMBER ON
<br />PARCELS NOS. 23A AND 23B AND EXCEPT AN EASEMENT FORrjQ~
<br />ENTRANCE ROAD OVER PARCEL NO. 23B TO ROUTE 743 AS RELOCATED.
<br />EASEMENTS OVER PARCELS NOS. Z3, 54, 55, 61, 20-18, 21-3,
<br />21-5, 21-13.
<br />THE SPONSOR FURTHER CERTIFIES THAT THE ABOVE IS BASED UPON A TITLE EXAMINA-
<br />TION BY A 'QUALIFIED ATTORNEY OR TITLE COMPANY AND THAT SUCH ATTORNEY OR
<br />TITLE COMPANY HAS DETERMINED THAT THE SPONSOR HOLDS THE ABOVE PROPERTY
<br />INTERESTS.
<br />3. APPROVALS OF OTHER AGENCIES. - THE PROJECT HAS BEEN APPROVED
<br />BY ALL NON-FEDERAL AGENCIES WHOSE APPROVAL IS REQUIRED, NAMELY:
<br />VIRGINIA STATE CORPORATION COMMISSION.
<br />THE SPONSOR HEREBY ADOPTS AND ASSERTS AS APPLYING DIRECTLY TO THIS PROJECT
<br />THE REPRESENTATIONS CONTAINED IN PARAGRAPHS 1, 5, AND 6 OF PART II OF THE
<br />PROJECT APPLICATION DATED JUNE 15, 1953 FOR PROJECT N0. 9-44-016-301 AND
<br />THE SPONSORS ASSURANCES CONTAINED IN PART III OF SAID PROJECT APPLICATION,
<br />WHICH ARE MADE A PART HEREOF AS THOUGH THE SAME WERE EXPRESSLY SET FORTH
<br />HEREIN, EXCEPT AS FOLLOWS:
<br />NO EXCEPTIONS
<br />IF AT ANY TIME IT IS DETERMINED BY THE ADMINISTRATOR THAT THERE
<br />IS ANY OUTSTANDING RIGHT OR CLAIM OF RIGHT IN OR TO THE AIRPORT PROPERTY,
<br />OTHER THAN THOSE SET FORTH HEREIN, THE EXISTENCE OF WHICH CREATES AN UNDUE
<br />RISK OF INTERFERENCE WITH THE OPERATION OF THE AIRPORT OR THE PERFORMANCE
<br />OF THE COVENANTS HEREIN, THE SPONSOR WILL ACQUIRE, EXTINGUISH, OR MODIFY
<br />SAID RIGHT OR CLAIM OF RIGHT IN A MANNER ACCEPTABLE TO THE ADMINISTRATOR.
<br />IF THE PROJECT OR ANY PORTION THEREOF IS APPROVED BY THE ADMINISTRATOR
<br />AND AN OFFER OF FEDERAL AID FOR SUCH APPROVED PROJECT IS ACCEPTED BY THE
<br />SPONSOR, IT IS UNDERSTOOD AND AGREED THAT ALL AIRPORT DEVELOPMENT
<br />INCLUDED IN SUCH PROJECT WILL BE ACCOMPLISHED IN ACCORDANCE WITH THE ACT
<br />AND THE REGULATIONS, THE PLANS AND SPECIFICATIONS FOR SUCH DEVELOPMENT,
<br />AS APPROVED BY THE ADMINISTRATOR AND THE GRANT AGREEMENT WITH RESPECT TO
<br />THE PROJECT.
<br />IN WITNESS WHEREOF, THE SPONSOR HAS CAUSED THIS PROJECT APPLICA-
<br />TION TO BE DULY EXECUTED IN ITS NAME, THIS 9TH DAY OF APRIL, 1959.
<br />CITY OF CHARLOTTESVILLE, VIRGINIA
<br />BY: THOMAS J. MICHIE
<br />MAYOR
<br />ITLE
<br />COUNTY OF ALBEMARLE, VIRGINIA
<br />EDWARD L. SMITH
<br />CHAIRMAN, BOARD OF COUNTY SUPERVISORS
<br />TL E .~
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