10-28-13 Council Packet - Laserfiche WebLink

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II. METHOD The City shall cause the construction of the Project, in conformance with mutually approved plans and specifications. The City shall work with the County during the design process to reach agreeable terms to all pertinent items and decisions related to the salt storage facility. III. COSTS The contract costs of the work, or if the work is not contracted, the cost of all labor, materials, normal engineering costs and equipment rental required to complete the work, shall constitute the "actual construction costs" and shall be so referred to herein. "Estimated construction costs" are good faith projections of the costs, which will be incurred for this project. Actual costs will vary and those will be the costs for which the relevant parties will be responsible. The estimated construction cost is estimated at $250,130. The parties agree that the cost of the Project shall be split per the attached "Exhibit A" The total estimated construction cost to the City is $89,075 plus that value for the land on which the facility is located. The total estimated construction cost to the County for the Project is $161,055. The City shall perform the construction inspections and administration for the Project. Upon execution of this agreement, the County shall pay to the City, upon written demand by the City, ninety five percent (95 %) of its portion of the cost of the project estimated at $153,002.25. Prior to billing, this estimate will be updated by the City to reflect the actual bid prices. An updated cost estimate shall be provided to the County at the time of billing. Upon final completion of the project, the County'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 County's share. Also, the remaining five percent (5 %) of the County's portion of the construction costs shall be paid. IV. TERM This Agreement shall continue until terminated as provided hereinafter. 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 2