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-2- <br /> <br /> 2. COUNTY'S RESPONSIBILITIES <br /> <br /> (a) County shall prepare plans and specifications for the projectJ The <br /> <br /> County shall submit the plans to the City for approval of the section lying within the <br /> City's boundaries. The letting of bids and the acceptance of all bid proposals shall be done <br /> by the County. <br /> <br /> (b) County shall acquire all additional right-of-ways as necessary for the <br />project. <br /> <br /> (c) County will advance the highway work west of a point 300 feet east of <br />T. H. No. 47 on the project on its capital improvement plan to the year 1989. The <br />"highway work" is defined as that portion of the project west of a point 300 feet east of <br />T. H. No. 47, other than construction of the bridges. The highway work, as described <br />herein, shall be completed no later than December 31, 1989. <br /> <br /> (d) County shall reimburse the City the sum of Six Hundred Fifty Thousand <br />Dollars ($650,000.00), without interest, said sum representing the amount advanced by the <br />City to the County, for the cost of construction of the highway work located within the <br />City's boundaries. The County shall reimburse the City said sum on or before July 1, <br />1990. <br /> <br /> 3. CITY'S RESPONSIBILITIES <br /> <br /> (a) City shall pay the County $650,000.00 for the cost of the highway work <br /> <br />of the project located within the City's boundaries. <br /> <br /> (b) Prior to the letting of the bids by the County, the City shall place in a <br />separate account the sum of $650,000.00, which will be used solely to reimburse the <br />County for the construction of the highway work as defined herein. Upon award of the <br />contract for the construction of the work, the City shall deposit with the County the sum <br />of $650,000, said sum to be used by the County to pay for the construction of the highway <br />work. <br /> <br /> <br />