Agenda - Council - 03/09/2010 - Laserfiche WebLink

Home

5. The City shall pay its share of the cost of signals (cost covered in lump sum stated above). 6. The City shall pay its share of the cost noise walls. The estimated cost is $245,007. This cost is before federal funds are applied. The total estimated cost to the City for the project is summarized below: 1 Mobilization, Field Office 2 Bituminous removal and muck excavation 3 Drainage 4 Concrete curb, medians, and sidewalks 5 Signals 6 Noise walls Lump sum as stated above for CSAH 57 work Total Estimated Share of Construction Cost.To The City Estimated Federal Funds available'; to the City 61.07 % estimated Federal participation * $365432 ( $815,432 - $450,00 lump sum) Total Cost less Federal Funds Of this $592,263, $450,000 is a lump sum payment for.,CS share for improvements on CSAH 116 and noisewalls on The total estimated construction cost to tle`;City (less Federal Funds) for the project is $592,263 as shown on the attached Exhibit B. The City articipation�:in construction; engineering will be at a rate of eight percent (8 %) of their designated share of $365,4S24 The'estnnated cost tosthe City for construction engineering is $29,234The grand total estimated`cost to the City for the" project is $621,497 Upon award of ,the contract, the City shall pay to the County, upon written demand by the County, ninety five percent (95 %)' o£. fts portion of the cost of the project estimated at $590,422. The City's share of the cost of the project shall include:, only construction; and construction engineering expense and does not include administrative expenses incurred bythe County. Upon final completion ofthe project, ;the City's share of the construction cost will be based upon actual construction costs. If necessary, adjusttnents to the initial ninety five percent (95 %) charged will be made in the form of credit or additional charges to,the City's share. Also, the remaining five percent (5 %) of the City's portion of the construction costs shall be'paid. The County will bill the 95% based on actual numbers received from low bidder. $19,580 $0 $64,314 $36,531 $ 0 covered in lump sum $245,007 $450,000 $81, $223',1:69 $592,263 his leaves $142,263 in city cost 57 and, CSAH 116. IV. TERM This Agreement shall continue until terminated as provided hereinafter. V. DISBURSEMENT OF FUNDS All funds disbursed by the County or City pursuant to this Agreement shall be disbursed by each entity pursuant to the method provided by law.