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NOW, THEREFORE, IT IS MUTUALLY STIPULATED AND AGREED: <br />I. PURPOSE <br />The parties have joined together for the purpose of constructing the roadway, <br />drainage, pathway, and traffic control systems improvements at the intersection of <br />County State Aid Highway No. 49 (Hodgson Road) and County State Aid Highway No. <br />10 (Birch Street); as described in the plans and specifications numbered 12993 -01 on file <br />in the office of the City of Lino Lakes and incorporated herein by reference. <br />II. METHOD <br />The City shall provide all engineering services with the exception of <br />services provided by the County as described herein. The City shall cause the <br />construction of Commission No. 12993 -01 in conformance with said plans and <br />specifications. The City shall perform the calling for all bids, acceptance of all bid <br />proposals, award of contract, and contract management. <br />III. COSTS <br />A. The contract costs of the work, or for work not contracted, the cost <br />of all labor, materials, normal engineering costs and equipment rental required to <br />complete the work, shall constitute the actual "construction costs" and shall be so referred <br />to herein. "Estimated costs" are good faith projects of the costs, which will be incurred <br />for this project. Actual costs may vary and those will be the costs for which the relevant <br />parties will be responsible. <br />B. The estimated cost of the total project is $795,000 which includes <br />legal, engineering, and financing costs. The construction contract, as awarded is <br />$613,848.58. Participation in the construction cost is as follows: <br />1. In addition to providing items as further described herein, the <br />County shall pay to the City $50,000 as its share of the <br />construction cost. <br />2. The County shall provide inspection of the traffic signal <br />construction and permanent signal operation maintenance at no <br />cost to the City. <br />3. The County shall furnish materials and components for the traffic <br />signal system, as described in the plans and specifications (12993- <br />01), at no cost to the City. <br />2 <br />