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• <br />PAYMENT SCHEDULE <br />2006 $955,404.00 <br />BASIS OF PAYMENT —WORK SCOPE and ESTIMATES <br />The scope of work eligible to receive Municipal Turnback Account funds is the <br />basis for the payment amount. The amount of the payment includes the <br />estimated 2006 construction, engineering, and right of way cost for the project <br />scope described below. <br />4th Avenue North from Lilac Street to Minnesota Correctional Facility- Lino <br />Lakes entrance: urban improvement, reconstruction from rural section to state <br />aid standard urban street. <br />MUNICIPAL TURNBACK ACCOUNT ELIGIBILITY <br />Municipal Turnback Account (MTB) eligibility for the route segment described in <br />this agreement will be terminated by this agreement. The segment will then <br />become eligible for inclusion in the state aid needs study. <br />USE OF FUNDS <br />The funds provided by the in lieu payment originate from the Minnesota Highway <br />Users Tax Distribution Fund. These funds are for use by the City on the state aid <br />system. <br />Expenditure of the funds will be in accordance with Minnesota Rules, State -Aid <br />Operations, Chapter 8820. <br />DIVISION OF STATE AID FOR LOCAL TRANSPORTATION <br />APPROVED: <br />District State Aid Engineer Director, State Aid for Local Transportation <br />Date Date <br />Attachment: <br />Agency MunicipalorCounty Turnback Account In Lieu Payment Request 9 /19 /2006Page 2 of 2 <br />