06/08/1998 Council Packet - Laserfiche WebLink

Home Search

11. The total estimated cost to the County for construction of this project is $628,100.00. The County's participation in engineering will be at a rate of 8% of its designated share. The total estimated cost to the County for engineering is $50,248.00. The total estimated County cost for this project is Six Hundred Seventy -Eight Thousand Three Hundred Forty -Eight Dollars and 00 /100s ($678,348.00). 12. The County shall pay to the City the County's portion of actual construction costs incurred within thirty (30) days after receipt of a voucher containing such information as the County may require and after representation that payments have been made by the City on the contract(s) for the construction of the project for which the funds are to be used, and indicating that payment has been made on the County's share of the work, except that the County shall not be obligated to pay the City until February 1, 1998. The City shall not be entitled to any interest on funding to be provided by the County. The County's share of the cost of the project shall include only construction and engineering expenses and does not include administrative expenses incurred by the City. 13. The total estimated cost to the City for the project is $331,132.00. IV. TERM: This Agreement shall continue until (1) terminated as provided hereinafter, or (2) until the construction provided for herein is completed and payment provided for herein is made, whichever occurs first. 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 City in conformance with state laws. VII. STRICT ACCOUNTABILITY: A strict accounting shall be made of all funds and report of all receipts and disbursements shall be made upon request by either party. -4-