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APPENDIX E DISPOSITION OF EQUIPMENT This schedule sets forth the estimated useful life guideline targets for Section 5310 vehicles in New York State. To dispose of a Section 5310 vehicle you must notify the Department of Transportation in writing, providing the odometer reading, an appraisal of the current fair market value of the vehicle, and general information about the condition of the vehicle and why it can no longer be used for transportation purposes. Vehicles meeting these standards can be disposed of only upon prior written approval from the Department in accordance with Section 9(d) of this Agreement. Failure to fully comply with this procedure by prematurely disposing of a vehicle will result in the grantee’s payment of a sum equivalent to 80% of the vehicle’s current fair market value as determined by the Department. GENERAL USEFUL LIFE GUIDELINE TARGETS FOR PROJECT EQUIPMENT Vehicle Type Years of Service |Mileage to be Attained 12 to 25 Passenger 5 150,000 26 to 40 Passenger 7 200,000