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11. In the event the City of Saint Anthony Engineer or the City of Saint Anthony’s staff <br />determines the need to amend the construction contract with a supplemental agreement or change <br />order which results in an increase in the contract amount for the Project, the City of Columbia <br />Heights hereby agrees to remit within thirty (30) days of notification by the City of Saint Anthony <br />of said change an amount equal to ninety five (95) percent of the estimated City of Columbia <br />Heights share as documented in the supplemental agreement or change order. <br /> <br /> 12. The remainder of the City of Columbia Heights’s share in the contract construction <br />and engineering costs of the Project, including additional costs resulting from supplemental <br />agreements and change orders, will be due to the City of Saint Anthony upon the completion of the <br />Project and submittal of the City of Saint Anthony Engineer’s final estimate for the Project to the <br />City of Columbia Heights. <br /> <br />13. Upon final payment to the Project contractor by the City of Saint Anthony, any <br />amount remaining as a balance in the deposit account will be returned to the City of Columbia <br />Heights, within thirty (30) days, on a proportionate basis based on the City of Columbia Heights’s <br />initial deposit amount and the City of Columbia Heights’s final proportionate share of the Project <br />costs. Likewise, any amount due the City of Columbia Heights as its final payment for the <br />construction costs of the Project within thirty (30) days of receipt of an invoice from the City of <br />Saint Anthony. <br /> <br />14. All City of Columbia Heights funds deposited with the City of Saint Anthony shall <br />bear interest equal to the 4M Fund rate until paid to the contractor or returned to the City of <br />Columbia Heights. Saint Anthony shall provide Columbia Heights a listing of all transactions <br />including deposits, progress payments, interest earned, and balances on a monthly basis or upon <br />request of the Columbia Heights City Manager. <br /> <br /> <br /> <br />[The remainder of this page is intentionally blank.] <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />82