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<br />. <br /> <br />E. Upon final completion of the project, the City's share of the construction <br />cost v,'ill be based upon actual construction costs. If necessary, adjustments to the initial <br />95% charged will be made in the form of credit or additional charges to the City's share. <br />Also, the remaining 5% of the City's portion of the construction costs shall be paid. <br /> <br />IV. TERM <br /> <br />This Agreement shall continue until terminated as provided hereinafter. <br /> <br />V. DISBURSEMEi\TT OF FUt\TJ)S <br /> <br />All funds disbursed by the County or City pursuant to this Agreement <br />shall be disbursed by each entity pursuant to the method provided by law. <br /> <br />VI. CONTRACTS AI\TJ) PURCHASES <br /> <br />All contracts let and purchases made pursuant to this Agreement shall be <br />made by the County in conformance to the State laws. <br /> <br />VIT. STIDCTACCOUNTAB~ITY <br /> <br />. <br /> <br />A strict accounting shall be made of all funds and report of all receipts and <br />disbursements shall be made upon request by either party. <br /> <br />vnr. TERMINATION <br /> <br />This Agreement may be'terminated by either party at any time, with or <br />without cause, upon not less than thirty (30) days written notice delivered by mail or in <br />person to the other party. If notice is delivered by mail, it shall be deemed to be received <br />two (2) days after mailing. Such termination shall not be effective with respect to any <br />solicitation of bids or any purchases of services or goods, which occurred prior to such <br />notice of termination. The City shall pay its pro rata share of costs, which the County <br />incurred prior to such notice of termination. <br /> <br />IX. SIGNALIZATION POWER <br /> <br />. <br /> <br />The City, along with the City of Spring Lake Park shall at their sole <br />expense, install or cause the installation of an adequate electrical power source to the <br />service cabinet for the intersection of Pleasant View Drive, including any necessary <br />extension of power lines. The Cities shall be the lead agency in this matter. Upon <br />completion of said traffic control signal installation, the ongoing cost of the electrical <br />power to the signal shall be the sole cost and expense of the Cities. The City of Spring <br />Lake Park shall draft and enter into an agreement with the qty of Mounds View for the <br />same. Upon execution, the City shall provide a copy of this agreement to the County. <br /> <br />5 <br />