Agenda - Council - 01/25/2011 - Laserfiche WebLink

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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. 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. VI. CONTRACTS AND PURCHASES All contracts let and purchases made pursuant to this Agreement shall be made by the County in conformance to the State laws. VII. STRICT ACCOUNTABILITY A strict accounting shall be made of all funds and report of all receipts and disbursements shall be made upon request by either party. VIII. TERMINATION This Agreement may be terminated by either party at any time, with or without cause, upon not less than thirty (30) days written notice delivered by mail or in person to the other party. If notice is delivered by mail, it shall be deemed to be received two (2) days after mailing. Such termination shall not be effective with respect to any solicitation of bids or any purchases of services or goods, which occurred prior to such notice of termination. The City shall pay its pro rata share of costs, which the County incurred prior to such notice of termination. IX. SIGNALIZATION POWER Signalization power will continue as per current separate agreement between MnDOT and the City. A separate agreement is being prepared by MnDOT to finalize the responsibilities between the city and MnDOT.