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WHEREAS, the materials, equipment, labor and <br />miscellaneous items necessary to construct, operate, maintain, <br />revise and remove said EVP System shall be at the sole cost and <br />expense of the City; and <br />WHEREAS, the City and State will share in the cost, <br />construction, revision, maintenance, operation and removal of the <br />EVP System as hereafter set forth; <br />NOW, THEREFORE, IT IS AGREED AS FOLLOWS: <br />1. The cost of all labor, materials, and equipment <br />required to complete the State force account work shall <br />constitute the actual "Construction Cost" and shall be so <br />referred to hereinafter. <br />2. The State with its own forces and equipment shall <br />perform the State force account work for the existing traffic <br />control signal on Trunk Highway No. 49 (Rice Street) at County <br />State Aid Highway No. 21 (Little Canada Road). Estimated <br />Construction Cost is $6,200.00. The City's share is 100 percent. <br />3. Upon execution of this agreement and a request in <br />writing by the State, the City shall advance to the State its <br />share of estimated Construction Cost. <br />4. Upon final completion and computation of the <br />City's, share of the actual Construction Cost, that amount of the <br />funds advanced by the City in excess of its share will be <br />returned to the City without interest and the City agrees to pay <br />67752 <br />- 3 - <br />Page 93 <br />