05-11-2015 Council Packet - Laserfiche WebLink

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cost of the steel or iron is more than 0.1 percent of the total project cost or $2,500 (whichever is greater), COMPANY must use steel or iron melted or manufactured in the United States. Materials that have been removed from the United States for any process (e.g., change in chemical content, shape, size or finish) are not considered domestic materials. The Buy American Memorandum which lists Company requirement, Exhibit "D", is attached and incorporated into this Agreement SECTION 2, The COMPANY owns all right of way needed to operate the proposed improvement. SECTION 3. The COMPANY shall furnish, or cause to be furnished, all of the labor, materials and work equipment required to install a complete railroad crossing signal system with flashing light, gates, constant warning timing circuitry and LED lenses on <roadway name>, at the location indicated on Exhibit "B". The placement of the signals must be in accordance with Part VIII of the Minnesota manual on Uniform Traffic Devices (MMUTCD). The Company's detailed plans and specifications for the work to be done must be submitted to and approved by the State of Minnesota, prior to starting work. The estimated total cost of the work to be performed hereunder by the COMPANY at the expense of the CITY as outlined above is $ as indicated in the detailed estimate of cost attached hereto and marked Exhibit "B". The project will be funded using State General Obligation bonds, Federal funds and City funds. The CITY will pay the COMPANY as provided herein for only such items and expense as are proper and eligible for payment. Only materials actually incorporated into the project will be eligible for reimbursement. The Cost division is estimated as: Federal funds $5,000.00 State GO Bonds $ CITY Contribution $ Total Estimated cost $ The COMPANY warrants that it shall perform all work under this agreement in a workmanlike and timely manner in accordance with all applicable standards for work of the type at issue. Should the work fail to be performed in a timely manner or in accordance with applicable standards, the CITY may immediately suspend further payments under this agreement and the COMPANY shall repay all funds expended on unsatisfactory work. SECTION 4. The COMPANY shall operate and maintain the crossing warning devices in accordance with Federal or State law as it shall be from time to time in the future while it 0904/SCP -2-