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08/13/96 15:57 IFA): 617 754 <br /> <br />~ UUO <br /> <br />in accordance with State Project No. 0206-47 and State Aid <br />Project No. 02-716-01. Estimated Construction Cost is <br />$141,905.48 which includes County furnished materials. State's <br />share is 67 percent. County's share is 33 percent. <br /> <br /> 4. The State will furnish to the County the State <br />furnished materials to be installed with the County work provided <br />in Paragraph 3. Estimated cost for State furnished materials is <br /> <br /> State's share is 67 percent. County's share is <br /> <br />$15,000.00. <br />33 percent. <br /> <br /> 5. <br /> <br /> Upon execution and approval of this agreement and <br /> a request in writing by the State, the County shall advance to <br /> the state an amount equal to its portion of the costs as <br /> specified in Paragraph 4. The County's costs shall be based on <br /> the estimated icosts for State furnished materials. <br /> <br /> 6. Upon compilation of the actual costs for State <br />furnished materials, the amount of the funds advanced by the <br />County in excess of the County's share will be returned to the <br />County without interest and the County agrees to pay to the State <br />that amount of its share which is in excess of the amount of the <br />funds advanced by the Cou~.'ty. <br /> <br /> 7. Payment to the County will be made by the State <br />for 67 percent of the actual costs for the County furnished <br />materials [estimated costs $40,805.48] furnished to the project, <br />plus eight (8) percent of its share for the cost of Engineering <br />and Inspection, and upon submission by the County of an invoice <br /> <br />75315 <br /> <br /> <br />