06-09-08 Special Called Meeting of the La Porte Development Corporation Board of Directors

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and expenditures not in accordance with the Project Budget in Attachment C-l may not be used to offset the Partner Match. b. In-kind goods or services provided by the Qualified Project Partner after entering into this Agreement may be used to offset the Qualified Project Partner's shared costs for the project provided the Qualified Project Partner presents the GLO with reasonable basis for estimating the monetary value of those goods or services. For an in-kind Partner Match, valuing and accounting determinations should be provided to the GLO within thirty (30) days of construction bid posting with Texas Marketplace, and include a description of the Partner Match, how it is to be provided, and a timeline for providing it over the course of the Agreement. All in-kind Partner Match determinations are subject to the review and approval of the GLO. The decision to allow any in-kind goods or services to offset cost-sharing requirements is in the sole discretion of the GLO. All in-kind Partner Match requirements must be accounted for before the expiration of this Agreement. c. For the cash Partner Match, a sum equal to forty percent (40%) of the prior month's Project expenses shall be due each month. This match contribution should be submitted to: Texas General Land Office Coastal Erosion Planning and Response Act (CEPRA)-MATCH Mail Code 151 P.O. Box 12873 Austin, TX 78711-2873 Attn: Dianna Gordon 3. Except as amended and modified by this Amendment No.1, all terms and conditions of the Agreement shall remain in full force and effect. GENERAL LAND OFFICE CITY OF LA PORTE ~ L L. Laine, Chief Clerk! Deputy Land COmrrrissiOZ Date of execution: c; ~ I t e I M,.!;.. s A:~' ~r r' ').. 'vc:r~ ~)v/(Lf.G.o' G.c. Name: Title: Date of execution: GLO Contract No. 08-090-000 Amendment No.1 Page 2 of2