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construction at the time of the signing of this JPA. (e.g. setbacks, tree clearing ordinances, or any other <br />city ordinances.) <br />Ill. COSTS <br />The contract costs of the work, or if the work is not contracted, the cost of all labor, materials, <br />normal engineering costs and equipment rental required to complete the work, shall constitute the actual <br />"construction costs" and shall be so referred to herein. "Estimated costs" are good faith projections of <br />the costs, which will be incurred for this project. Actual costs will vary and those will be the costs for <br />which the relevant parties will be responsible. <br />The estimated construction cost of the total project is $1,607,736.98. Federal funds available for <br />the Project are capped at $981,000. The federal funds shall be split based on the ratio of eligible cost <br />incurred by each party to the total eligible project cost. Eligible costs are the costs of items that can <br />participate in federal funding as shown on Exhibit `B ". <br />The total estimated construction cost to the City is $277,168.50 (prior to application of federal <br />funds available). After federal funding percentage is applied, the cost to the City for their share of the <br />construction items of the Project is $94,518.50 ($277,168.50 minus $182,650.00 the federal funds <br />available to the City). <br />The City participation in construction engineering will be at a rate of eight percent (8 %) of their <br />designated construction share of $277,168.50. The estimated cost to the City for construction <br />engineering is $22,173.48. In summary, the total City share of this project is $299,341.98 (includes <br />construction and construction engineering costs). The total cost to the city after federal funds have been <br />applied including construction engineering is *$116,691.98 (see summary below). <br />*($277,168.50 - $182,650.00 + $22,173.48= $116,691.98 note: construction engineering costs are not <br />federally eligible) <br />Upon award of the contract, the City shall pay to the County, upon written demand by the <br />County, ninety five percent (95 %) of its portion of the cost of the project estimated at $110,857.38. <br />Prior to billing, this estimate will be updated by the County to reflect the actual bid prices as awarded. <br />An updated cost estimate shall be provided to the City at the time of billing. The City's share of the <br />cost of the project shall include only construction and construction engineering expense and does not <br />include engineering design and administrative expenses incurred by the County. <br />Upon final completion of the project, the City's share of the construction cost will be based upon <br />actual construction costs. If necessary, adjustments to the initial ninety five percent (95 %) charged will <br />be made in the form of credit or additional charges to the City's share. Also, the remaining five percent <br />(5 %) of the City's portion of the construction costs shall be paid. <br />IV. TERM <br />This Agreement shall continue until terminated as provided hereinafter. <br />V. DISBURSEMENT OF FUNDS <br />All funds disbursed by the County or City pursuant to this Agreement shall be disbursed by each <br />entity pursuant to the method provided by law. <br />M <br />