Project Milestones And Eligible Reimbursement Amounts
i) Final Engineering Completion Reimbursement – Up to fifteen percent (15%) of the Grant Award will be available for reimbursement upon verification that Grantee has completed all final engineering and preconstruction work necessary to commence construction of the Project (“Final Engineering Completion”), has applied for any required authorizations, including but not limited to permits or interconnection agreements, required by any applicable authority having jurisdiction over the Project, and has paid any associated required fees.
ii) Groundbreaking Reimbursement – Up to seventy percent (70%) of the Grant Award (inclusive of the available “Final Engineering Completion Reimbursement”) will be available for reimbursement upon verification that Grantee has Project materials onsite and has commenced the construction process (“Project Groundbreaking”).
iii) Project Completion Reimbursement – Up to ninety percent (90%) of the Grant Award (inclusive of the available “Final Engineering Completion Reimbursement” and “Groundbreaking Reimbursement”) will be available for reimbursement upon verification that the Resilient Facility Power System has reached Project Completion.
iv) Performance Verification Reimbursement – The remaining balance of the Grant Award will be available for reimbursement after notification from MEA that Grantee has completed Project Performance Monitoring (“Performance Verification”).