01/26/1998 Council Packet - Laserfiche WebLink

Home Search

agrees, through its departmental agencies, to cooperate to the fullest extent in the protection of any excavations or barricades that may be necessary for the work performed by Lino Lakes. 2. The total cost (except those associated with the sale of bonds and special assessments) of the Project, including, without limitation, construction costs, legal, administrative and engineering fees, shall be allocated between Lino Lakes and Centerville proportionately, 50% to Lino Lakes and 50% to Centerville. 3. Each city has the right to terminate Agreement prior to award of construction contract. 4. Each municipality shall be solely responsible for their share of the costs of the Project. Each municipality shall be responsible for the sale of bonds, if any, and levy of special assessments against properties within their cities boundaries. 5. Centerville shall pay to Lino Lakes monthly, as certain portions of the construction are completed, the Project amounts then due and payable for work completed. Upon completion of the entire Project, Centerville will make the final payment after receiving the final cost statements from Lino Lakes for the completed Project. 6. Each municipality shall obtain property or right of way easements within their municipal boundaries prior to award of contract that are needed for the Project and the costs shall be paid separately by each city. 7. Before this Agreement shall become binding and effective it shall be approved by an appropriate resolution of the City Council of Lino Lakes and of the City Council of Centerville, which shall be attached hereto as Exhibits C and D, respectively.