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♦ . r � <br />• <br />habitat. <br />� <br />The statute authorizing the Fund states that an applicant is eligible for a grant if the <br />mitigation cost recommendations exceed 5% of the total cost of the water project. In this <br />case, the total cost of the mitigation work was $3,170,406, or 15% of the total project cost of <br />$20,971,082. The applicant's share for the work will be the first 5% and the grant from the <br />Fund will be for the remainder of the costs, not to exceed 5%. In this case, the grant from the <br />Fund is limited to $1,048,554. The disbursement of the grant monies is also limited to 70% of <br />the total grant amount in any fiscal year. <br />Appendix 2 to Grant Contract No. C150219 <br />Page 2 of 2 <br />