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PERMITS: <br />The parties agree that the County will secure all necessary permits for this Project. The City agrees to <br />coordinate with the County in securing the permits required by the Lower Rum River Watershed <br />Management Organization, city permits, as well as any other permits that may be required. The County <br />also requests that the City inform the County of any ordinances or city regulations that affect <br />construction at the time of the signing of this JPA. (e.g. setbacks, tree clearing ordinances, or any other <br />city ordinances.) <br />III. 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 $1,567,079.20. Federal funds available for <br />the Project are capped at $936,000. 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 $233,607.00 (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 $98,897.00 ($233,607.00, minus $134,710.00), 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 $233,607.00. The estimated cost to the City for construction <br />engineering is $18,688.56. In summary, the total City share of this project is $252,295.56 (includes <br />construction and construction engineering costs). The total cost to the City after federal funds have been <br />applied including construction engineering is * $117,585.56 (see summary below). <br />*($233,607.00 — $134,710.00 + $18,688.56 = $117,585.56, 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 $111,706.28. <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 cost <br />of the project shall include only construction and construction engineering expense and does not include <br />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 to <br />the city will be made in the form of credit or additional charges to the City's share. Also, the remaining <br />five percent (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 />4 <br />