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Anoka County Contract No. C0006450 <br />Per the request of the City, the parties have joined together for the purpose of making the required FYA <br />improvements at Signal System D in the City of Ramsey; as described per the plans and specifications for Project <br />No. SAP 002-030-009, on file in the office of the Anoka County Highway Department and incorporated herein <br />by reference. <br />II. METHOD <br />The County shall provide all engineering services and shall cause the construction of Anoka County Project No. <br />SAP 002-030-009 in conformance with said plans and specifications. The County shall do the calling for all bids <br />and the acceptance of all bid proposals. <br />III. COSTS <br />The contract costs of the work, or if the work is not contracted, the cost of all labor, materials, normal engineering <br />costs and equipment rental required to complete the work, shall constitute the actual "construction costs" and shall <br />be so referred to herein. "Estimated costs" are good faith projections of the costs, which will be incurred for this <br />project. Actual costs may vary and those will be the costs for which the relevant parties will be responsible. The <br />construction cost, as bid, for the total project (including all four signal systems) is $204,380.00. Participation in <br />the construction cost is as follows: <br />The City shall pay for one hundred percent (100%) of the FYA conversion for Signal System D, at a cost of <br />$29,760.00. <br />Upon award of the contract, the City shall pay to the County, upon written demand by the County, ninety five <br />percent (95%) of its portion of the cost of the project at $28,272.00. The City's share of the cost of the project <br />shall include only construction and construction engineering expense and does not include administrative <br />expenses incurred by the County. <br />Upon final completion of the project, the City's share of the construction cost will be based upon actual <br />construction costs. If necessary, adjustments to the initial ninety five percent (95%) charged will be made in the <br />form of credit or additional charges to the City's share. Also, the remaining five percent (5%) of the City's portion <br />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 entity pursuant <br />to the method provided by law. <br />VI. CONTRACTS AND PURCHASES <br />All contracts let and purchases made pursuant to this Agreement shall be made by the County in conformance to <br />the State laws. <br />VII. STRICT ACCOUNTABILITY <br />2 <br />