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MrFDOT Af.n-eement No. 89336 <br /> <br />4 <br /> <br />See E×hiSit A £or additional information on the Scope of Work and Deliverables. <br /> <br />3. l Ceusideratian. The total cost of this project is not to exceed $350,000.00. Cost sharing for the <br /> project will be split as follows: <br /> State: $200,000.00 <br /> County: $102,500.00 <br /> City of Anoka: $22,500.00 <br /> City of Ramsay: $22,500.00 <br /> Bums Town,ship: $2,500.00 <br /> <br />g. 1.1 Compensation. State, the City of Anoka, the City o£ Ramsey and Burns Township will <br /> reimburse County for subcontractor costs. <br /> <br />PayTnent Liquidation: County will submit invoices for payment in accordance with the <br />tbllowing schedule: <br /> Monthly <br /> <br />Due to funding considerations, State desires to spend $150,000.00 of its obligation of <br />$200,000.00 in state funds during State Fiscal Year 2006, which ends June 30, 2006. <br />County will make reasonable efforts to invoice State for up to $150,000.00 for actual <br />~vork completed through J'une 30, 2006. <br /> <br />3.1.2 Total Obligation. Tbe total obligation of State for all compensation and <br /> reimbursements to County under this A~eeinent will be $200,000.00. <br /> <br />3.2 <br /> <br />Tm'ms of Payment <br />3.2. [ Invoices. State, the City. of Anoka, tbe City of Ramsay and Burns Township will <br /> promptly pay Couuty after County presents item/zed invoices for the services actually <br /> performed and State's, the City of Anoka's, the City o[Ramsey's and Burns Townsbip's <br /> Authorized Representatives accept the invoiced services. County will use the fomxat set <br /> fi)rth in Exhibit B when submitting invoices to State. Invoices will be submitted timely <br /> and according to a monthly schedule. <br /> <br />3.2.2 <br /> <br />Retainage. Under Minnesota Statutes Section 16C.08, subdivision 5(b), no more than <br />90% of the amount due under this Agreement may be paid until the final product of this <br />Agreement bas been reviewed by State's agency head. The balance due will be paid <br />when State's agency !cad determines that County has satisfactorily fultllted all tile terms <br />of' this Agreement. <br /> <br />3.2.3 <br /> <br />Federal fu ntis. If federal funds are used County is responsible for compliance with all <br />Ibderal requirements imposed on these funds and accepts fT'~lt financial resnons bility for <br />any requirements imposed by County's failure to comply with federal requirements. <br /> <br />Authorized Representatives <br />4.1 State's Authorized Representative will be: <br /> Name: Mark Pfagen <br /> Title: Scuior Consultant A&~nistrator <br /> Address: Mimtcsota Deparnnent of Transportation <br /> 1500 West County Road B-2 <br /> Roseville, MN 55113 <br /> Telephone: (651)582-1479 <br /> <br /> Page 2 of 7 <br /> <br /> <br />