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• <br />• <br />• <br />E. Upon final completion of the Project, the County's share of the construction cost <br />will be based upon actual construction costs. The remaining five percent (5 %) of the County's <br />portion of the construction costs shall be paid up to a total County contribution of $3,700,000.00. <br />IV. TERM <br />This Agreement shall continue until terminated as provided hereinafter. <br />V. DISBURSEMENT OF FUNDS <br />All funds disbursed by the County or City pursuant to this Agreement shall be disbursed <br />by each entity pursuant to the method provided by law. <br />VI. CONTRACTS AND PURCHASES <br />All contracts let and purchases made pursuant to this Agreement shall be made by the <br />City and County in conformance to the State laws. <br />VII. STRICT ACCOUNTABILITY <br />A strict accounting shall be made of all funds and report of all receipts and shall be made <br />upon request by either party. <br />VIII. TERMINATION <br />This Agreement may be terminated by either party at any time, with or without cause, <br />upon not less than thirty (30) days written notice delivered by mail or in person to the other <br />party. If notice is delivered by mail, it shall be deemed to be received two days after mailing. <br />Such termination shall not be effective with respect to any solicitation of bids or any purchases <br />of services or goods, which occurred prior to such notice of termination. The County shall pay <br />its pro rata share of costs, which the City incurred prior to such notice of termination. <br />IX. SIGNALIZATION POWER <br />The City shall at their sole expense, install or cause the installation of an adequate <br />electrical power source to the service cabinets for Signal Systems A, B, C, and D, including any <br />necessary extension of power lines. The City shall be the lead agency in this matter. Upon <br />completion of said traffic control signal installation, the ongoing cost of the electrical power to <br />the signal shall be the sole cost and expense of the City. <br />X. MAINTENANCE <br />A. Maintenance of the completed watermain, sanitary sewer, storm sewer, <br />detention basins (including ponds and their outlet structures and grit chambers /collectors) shall <br />be the sole obligation of the City. <br />3 <br />