08/10/1998 Council Packet - Laserfiche WebLink

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07/31/98 12:51 FAX 612 862 4201 acquisition. ANOKA CO HWY DPT 0 004 9. The City shall pay for all right - of-way as well as all costs of right -of -way 10. The City shall pay all design and preliminary engineering costs for the entire project. The estimated cost to the City for design engineering is 550,535.00. 11. The City shall pay all costs of obtaining permits from the Department of Natural Resources, the U.S. Army Corps of Engineers, and Rice Creek Watershed District, as well as the cost of any mitigation required by those permits. 12. The total estimated cost to the County for the construction of the project is 5 293, 948.00 The County's participation in engineering will be at a rate of 8% of its designated share. The estimated cost to the County for engineering is $23,516.00. Total estimated County cost for the project is $317,464.00. 13. The County shall pay to the City the County's portion of the'actual construction costs incurred within thirty (30) days after receipt of a voucher containing such information as the County may require, representation that payments have been made by the City on the contract or contracts 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 January 15, 1999. The City shall not be entitled to any interest on funding to be provided by the County. C. The total estimated cost to the City for the project is $188,040.00. D. Upon final completion of the construction, the County shall pay to the City, upon written demand by the City, its portion of the construction costs of the project estimated at 5317,464.00, except that the County 41111 not be obligated to pay the City until January 15, 1999. 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. IV. TERM: This Agreement shall continue until (1) terminated as provided hereinaflPr, or (2) until the construction provided for herein is completed and payment provided for herein is made, whichever of (1) or (2) shall first occur. V. DISBURSEMENT OF FUNDS: All funds disbursed by the County or City pursuant to this Agreement cha11 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 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. 3