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County-City Agreements <br />Cooperative Cost Share Agreement No. 18223 01 <br />Key elements of the Agreement: <br />•The total estimated project cost is $42,913,300, including $9,950,000 in right-of-way. <br />•The total estimated Net cost share by Lake Elmo is $2,430,000. The total estimated cost <br />share is estimated to be $10,374,000. City costs will be offset by an estimated $7,940,000 <br />in outside grant funding. <br />•The City’s estimated cost share is not fixed. The agreement outlines the elements of the <br />project that the City will be responsible for, the invoicing and payment terms, and indicates <br />that the City share will be based on the actual costs incurred for those project elements <br />less the application of the designated outside funding sources. <br />•Project changes can be made and approved solely by the County, and the costs assigned to <br />the City by the County in accordance with the County Cost Participation Policy. The County <br />must obtain concurrence from the City regarding cost changes that exceed a 10% <br />contingency over the estimated City cost share. <br />02