Agenda - Council - 07/27/2021 - Laserfiche WebLink

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Anoka County Contract No. C0008639 $24,449.17. The City is responsible for the temporary easement cost, which is estimated at $4,800. In summary, the total City share of this project is $357,363.75 (includes construction, County Furnished Signal Items, estimated easement costs and construction engineering costs). *($305,614.58 + $22,500 + 4,800 + $24,449.17 = $357,363.75) Upon award of the contract, the City shall pay to the County, upon written demand by the County, ninety five percent (95%) of its portion of the cost of the project estimated at $339,495.56. Prior to billing, this estimate will be updated by the County to reflect the actual bid prices as awarded. An updated cost estimate shall be provided to the City at the time of billing. The City's share of the cost of the project shall include only construction and construction engineering expense and does not include engineering design and administrative expenses incurred by the County. After final completion of the project, the City's share of the construction cost will be based upon actual construction costs. If necessary, adjustments to the initial ninety five percent (95%) charged will be made in the form of credit or additional charges to the City's share. Also, the remaining five percent (5%) of the City's portion of the construction costs shall be paid. The County agrees to submit to the City for review final quantities and cost within one year of project substantial completion. IV. TERM / TERMINATION This Agreement shall become effective immediately upon execution, and will remain in effect until the Project and all restoration activities are completed, with exception of the ownership and maintenance provisions within this Agreement which shall continue indefinitely. V. DISBURSEMENT OF FUNDS All funds disbursed by the County or City pursuant to this Agreement shall be disbursed by each entity pursuant to the method provided by law. VI. CONTRACTS AND PURCHASES All contracts let and purchases made pursuant to this Agreement shall be made by the County in conformance to the State laws. VII. STRICT ACCOUNTABILITY A strict accounting shall be made of all funds and report of all receipts and shall be made upon request by either party. Prior to city payment to the County, Anoka County shall provide the City a copy of all cost participation documents submitted to MnDOT State Aid to assist the city in their application for MSA funding. VIII. SIGNALIZATION POWER The City shall at their sole expense, install and cause the installation of an adequate electrical power source to the service cabinet for all the previously mentioned CSAH 116 (Bunker Lake Boulevard) traffic control signal systems including any necessary extension of power lines. The City shall be the lead agency in this 5