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• • JOINT POWERS AGREEMENT BETWEEN THE CITY OF LINO LAKES AND THE CITY OF COLUMBUS REGARDING PINE STREET PAVING IMPROVEMENTS THIS AGREEMENT made and entered into this day of January, 2010 by and between the City of Lino Lakes ( "Lino Lakes ") and the City of Columbus ( "Columbus "); both of which are governmental subdivisions of the State of Minnesota located in the County of Anoka. RECITALS WHEREAS, the City of Lino Lakes and the City of Columbus desire to improve Pine Street by paving a bituminous roadway and replacing storm water drainage pipes between Lake Drive and 4th Avenue / Jodrell Street (the "Project "); and WHEREAS, the City of Lino Lakes and the City of Columbus have jointly prepared a Feasibility Study of the Project in accordance with Minnesota Statutes, Chapter 429; and WHEREAS, a portion of the Project is to be constructed within the corporate limits of the City of Lino Lakes and a portion is to be constructed within the corporate limits of the City of Columbus (Exhibit A); and WHEREAS, Lino Lakes and Columbus recognize and acknowledge that the Project will benefit both Lino Lakes and Columbus; and WHEREAS, Lino Lakes and Columbus will both assess the benefited properties within their jurisdictions for all or a portion of the relevant costs of the Project. The total estimated cost for the Project is $398,500; and WHEREAS, City of Lino Lakes and City of Columbus share jurisdiction over Pine Street; and WHEREAS, Minn. Stat. § 471.59 authorizes political subdivisions of the state to enter into joint powers agreements for the joint exercise of powers common to each. NOW, THEREFORE, in consideration of the mutual undertakings herein expressed, Lino Lakes and Columbus agree as follows: I. PURPOSE The purpose of this Agreement is to set forth the terms of the agreement Lino Lakes and Columbus have reached regarding the design, construction and financing of the Project both within the corporate limits of Lino Lakes and Columbus, in accordance with Minnesota Statutes, • Section 471.59.