CC PACKET 12131994 - Laserfiche WebLink

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3 . Ramsey shall revise or cause the revision of traffic control signals with street lights in accordance with State Aid Project No. 6ent44Henne int smsharecist37 is. 509pe0rcent. andaCity' s share is 37 . 50 pence p is 25 percent . 4 . Ramsey shall install or cause the installation of an interconnect along Silver Lake Road from County Road D!37th Avenue N. E. to Silver Lane at its own expense . 5 . Upon execution of this agreement and a request in writing by Ramsey, Hennepin and the City shall advance to Ramsey an amount equal to their portion of the project costs based on the actual bid price plus six percent ( 6% ) of such amount for each respective share of the cost for engineering and inspection . 6 . Upon final payment to the contractor and ccmputation of the Hennepin' s and the City' s final share for the work provided for herein, that amount of the funds advanced by Hennepin and the City in excess of each respective final share will be returned to each respective party without interest and each party agrees to pay to Ramsey that amount of its final share which is in excess of the amount of the funds advanced by Hennepin and the City. 7 . The City shall perpetuate an adequate electrical power supply to the service pad, and upon completion of said traffic control signal , shall continue to provide necessary electrical power for its operation at the cost and expense of the City. In accordance with the policy for lighting county roadways, Ramsey County Board Resolution 78-1394 , the City shall maintain and pay energy costs of the integral street lights . 8 . Upon completion of the project, Ramsey shall maintain and keep in repair the traffic control signal , including rel-amping, cleaning, painting. Costs for such maintenance shall be shared equally by Ramsey ( 50% ) and Hennepin ( 50% ) . Hennepin shall reimburse Ramsey its share of the actual cost thereof. 9 . Ramsey shall submit an invoice to Hennepin annually showing its cost share, listing all labor, equipment and materials used to maintain the traffic control signal . Labor costs and equipment costs will be at the established rates paid by Ramsey at the time the work is performed, and material costs will be invoiced at the actual cost thereof. Twenty-five percent ( 25% ) of these costs will be added to the invoice , to cover Ramsey' s cost for supervision and administration, in accordance with the policy for Traffic Control Signal Systems, Ramsey County Board Resolution 81-1001 . Hennepin shall promptly pay Ramsey the full amount due . 10 . Upon completion of the project Ramsey shall maintain and keep in repair the interconnect at its own expense 11 . All timing and related adjustments of the traffic control signals shall be determined by Ramsey through its traffic engineer , and no changes shall be made to these adjustments without the approval of Ramsey 94010-2