Agenda - Council - 03/23/2010 - Laserfiche WebLink

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4. The City shall pay their share of the cost of concrete curb, medians and sidewalks installed on the project. The estimated cost to the City is $36,531. 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 $19,580 2 Bituminous removal and muck excavation $0 3 Drainage $64,314 4 Concrete curb, medians, and sidewalks $36,531 5 Signals $ 0 covered in lump sum 6 Noise walls $245,007 Lump sum as stated above for CSAH 57 work $450,000 Total Estimated Share of Construction Cost To The City $815,432 Estimated Federal Funds available to the City $223,169 61.07% estimated Federal participation * $365,432 ( $815,432 - $450,00 lump sum) Total Cost less Federal Funds $592,263 Of this $592,263, $450,000 is a lump sum payment for CSAH 57. This leaves $142,263 in city cost share for improvements on CSAH 116 and noisewalls on CSAH 57 and CSAH 116. The total estimated construction cost to the City (less Federal Funds) for the project is $592,263 as shown on the attached Exhibit B. The City participation in construction engineering will be at a rate of eight percent (8 %) of their designated share of $365,432_ The estimated cost to the 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 %) of its 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 by the County.. Upon final completion of the project, the City's share of the construction cost will be based upon actual construction costs. If necessary, adjustments 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. IV. TERM This Agreement shall continue until terminated as provided hereinafter.