Agenda - Council - 11/10/2020 - Laserfiche WebLink

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MnDOT Contract No.: 1044547 7. Basis of State Cost 7.1. Schedule "1". The Preliminary Schedule "I" includes all anticipated State participation construction items and the cost share covered under this Agreement. 7.2. State Participation Construction. The State will participate in the following at the percentages indicated. A. 100 Percent will be the State's rate of cost participation in the T.H. 47 storm sewer construction as shown in the Preliminary Schedule T. The construction includes, but is not limited to, those construction items tabulated on Sheet No. 2 of the Preliminary Schedule "I". B. 100 Percent will be the State's rate of cost participation in the T.H. 47 paving construction as shown in the Preliminary Schedule "I" up to the capped amount. The construction includes, but is not limited to, those construction items tabulated on Sheet No. 3 of the Preliminary Schedule "I". The State's cost participation for those paving items is capped at $200,000.00. C. 50 Percent will be the State's rate of cost participation in the T.H. 47 at C.S.A.H. 116 (Bunker Lake Boulevard) signal system and EVP system construction as shown in the Preliminary Schedule "I" up to the capped amount. The construction includes, but is not limited to, those construction items tabulated on Sheet No. 4 of the Preliminary Schedule "I". The State's cost participation for those signal system and EVP system items is capped at $120,000.00. 7.3. State Furnished Materials. The State will furnish a Type "R" cabinet, Gridsmart video detection system, an additional Gridsmart camera, and a PTZ camera ("State Furnished Materials"), according to the Project Plans, to operate the traffic control signal system covered under this Agreement. The County's lump sum share for State Furnished Materials is $26,457.34. The State's lump sum share for State Furnished Materials is $26,457.35 and is considered a part of the State's total lump sum cost. The County's cost share for State Furnished Materials will be deducted from the State's total lump sum construction cost share as shown in the Schedule T. 8. State Cost and Payment by the State 8.1. State Cost. $405,583.66 is the State's estimated share of the costs of the contract construction (less State Furnished Materials cost) and a $10,000.00 contingency amount as shown in the Preliminary Schedule "I". The Preliminary Schedule "I" was prepared using estimated quantities and unit prices, and may include any credits, lump sum costs, or capped amounts. Upon review of the construction contract bid documents described in Article 3.2., the State will decide whether to concur in the County's award of the construction contract and, if so, prepare a Revised Schedule "I" based on construction contract unit prices, which will replace and supersede the Preliminary Schedule "I" as part of this Agreement. The contingency amount is provided to cover increased State cost in order to prepare the Revised Schedule "I" with contract unit prices. 8.2. Conditions of Payment. The State will pay the County the full and complete lump sum amount as shown in the Revised Schedule "I", after the following conditions have been met: A. Encumbrance by the State of the State's full and complete State funded lump sum cost share as shown in the Revised Schedule "I". B. Execution of this Agreement and transmittal to the County, including a letter advising of the State's concurrence in the award of the construction contract. C. The State's receipt of a written request from the County for the advancement of funds. The request will include certification by the County that all necessary parties have executed the construction contract. -7- Payable Lump Sum on Low Bid (Cooperative Agreements)