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19 <br />Agreement No. PW 59-10-07 <br />CSAH 136; C.P. 0524 <br />VII <br />After an award by the County to the successful bidder on the Project, the County shall <br />invoice the City for ninety five (95) percent of the estimated City share in the contract <br />construction and engineering costs for the Project. Payments shall be made to the County, in the <br />name of the Hennepin County Treasurer, by the City for the full amount due stated on the <br />invoices within forty five (45) days of the invoice date. Said estimated City share shall be based <br />on actual contract unit prices applied to the estimated quantities shown in the plans. <br />In the event the County Engineer or the County's staff determines the need to amend the <br />construction contract with a supplemental agreement or change order which results in an increase <br />in the contract amount for the Project, the City hereby agrees to remit within forty five (45) days <br />of notification by the County of said change an amount equal to ninety five (95) percent of the <br />estimated City share as documented in the supplemental agreement or change order. <br />The remainder of the City's share in the contract construction and engineering costs of the <br />Project, including additional costs resulting from supplemental agreements and change orders, <br />will be due the County upon the completion of the Project and submittal of the County Engineer's <br />final estimate for the Project to the City. <br />Upon final payment to the Project contractor by the County, any amount remaining as a <br />balance in the deposit account will be returned to the City, within 45 days, on a proportionate <br />basis based on the City's initial deposit amount and the City's final proportionate share of the <br />Project costs. Likewise, any amount due the County from the City upon final payment by the <br />County shall be paid by the City as its final payment for the construction costs of the Project <br />within forty five (45) days of receipt of an invoice from the County. <br />VIII <br />The County will supply the traffic signal cabinet, controller and control equipment, video <br />detection equipment, including the emergency vehicle preemption (EVP) cards, (County <br />Supplied Equipment) for the traffic control signal system installed as a part of said Project. The <br />City agrees to reimburse the County for its proportionate share of the costs of the County. <br />Supplied Equipment. Said proportionate share of the County Supplied Equipment shall be equal <br />to the City's proportionate share of the contract signal work. An estimate of the City's share of <br />County Supplied Equipment is incorporated into Exhibit "A". It is further agreed that said <br />estimate of the costs of County Supplied Equipment is an estimate and that the actual costs of <br />equipment as determined by the County Engineer shall govern in computing the total final <br />apportionment of cost participation by the City in the County Supplied Equipment. <br />The County will invoice the City separately for said County Supplied Equipment. <br />5 W� <br />