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<br />4. The City shall pay their share of the cost of concrete curb, medians and sidewalks installed on the <br />project. The estimated cost to the City is $36,531. <br /> <br />5. The City shall pay i~s share of the cost of signals (cost covered in lump sum stated above). <br /> <br />6. The City shall pay its share of the cost noise walls. The estimated cost is $245,007. This cost is <br />before federal funds are applied. <br /> <br />The total estimated cost to the City for the project is summarized below: <br /> <br />Of this $592,263, $450, <br />share for improvements on <br /> <br /> <br />Mobilization, Field Office <br />Bituminous removal and muck excavation <br />Drainage <br />Concrete curb, medians, and sidewalks <br />Signals <br /> <br />$19,580 <br />$0 <br />$64,314 <br />$36,531 <br />o covered <br />ump sum <br />07 <br /> <br />1 <br />2 <br />3 <br />4 <br />5 <br /> <br />6 <br /> <br />Noise walls <br />Lump sum as stated above for CSAH 57 <br /> <br />Total Estimated Share of Const <br />Estimated Federal Funds <br />61.07% estimated Federal p <br />($815,432 - $450,00 lump sum) <br />Total Cost less Feder ds <br /> <br />r CSAH 57. This leaves $142,263 in city cost <br />CSAH 57 and CSAH 116. <br /> <br />unds) for the project is $592,263 as shown on the <br />constru ngineering will be at a rate of eight percent (8%) of <br />ated cost to the City for construction engineering is $29,234The <br />tis $621,497 <br /> <br />Upon award of the <br />percent (95%) of its p <br />project shall include only <br />expenses incurred by the Cou <br /> <br />11 pay to the County, upon written demand by the County, ninety five <br />if the project estimated at $590,422. The City's share of the cost of the <br />d construction engineering expense and does not include administrative <br /> <br />Upon final completion of the project, the City's share of the construction cost will be based upon actual <br />construction costs. If necessary, adjustments to the initial ninety five percent (95%) charged will be madein the <br />form of credit or additional charges to the City's share. Also, the remaining five percent (5%) of the City's portion <br />of the construction costs shall be paid. The County will bill the 95% based on actual numbers received from low <br />bidder. <br /> <br />N. TERM <br /> <br />This Agreement shall continue until terminated as provided hereinafter. <br /> <br />V. DISBURSEMENT OF FUNDS <br />