Agenda - Council - 04/25/2000 - Laserfiche WebLink

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79736 State and the City in the same proportion as their total construction cost share covered under this Agreement is to the total contract construction cost before any deduction for liquidated damages. ARTICLE III ~ PAYMENT BY THE STATE S~ction A. Estimate_and Advancement. of the_State's Cost ~ar~ It is estimated that the State's share of the costs of the contract construction is the 20 percent matching state funds to the federal participation, up to a maximum sum of $500,000.00, as shown in the attached Preliminary SCHEDULE "I".. The attached Preliminary SCHEDULE "I" was prepared using estimated unit prices. Upon receipt and review of the construction contract bid documents described in Article I, Section Bo of this Agreement, the State skall then decide whether to concur in the City's award of the construction contract and, if so, prepare a Revised SCHEDULE "I" based on construction contract unit prices. After the following conditions have been met, the State shall advance to the City the State's total estimated construction cost share, as shown in the Revised SCHEDULE "I": Encurabrance by the State of the State's total estimated construction cost share amount, as shown in the Revised SCHEDULE Receipt by the State from the City of certified documentation for all of the right-of-way and easement acquisition required for State cost participation construction covered under this Agreement, and the approval of that documentation by the State's Land Management Director at St. Paul. Execution and approval of this Agreement and the State's transmittal of same to the City along with a copy of the Revised SCHEDULE "I" 7 378 I I I I I I i I' I I i, I I I I I I I