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M <br />RICE CREEK WATERSHED DISTRICT <br />COST -SHARE AGREEMENT <br />COST -SHARE AGREEMENT between the Rice Creek Watershed District, 4325 Pheasant <br />Ridge Drive NE, Suite 611, Blaine, Minnesota 55449 and the City of Saint Anthony. <br />RECITALS <br />A. City of Saint Anthony (City) intends to construct a project "Central Park Biofiltration <br />System" ("Project"), <br />B. The Rice Creek Watershed District (District) has a cost -share program for the <br />improvement and remediation of stormwater management systems in developed urban <br />environments. <br />C. In accordance with Program guidelines, the District desires to provide the City cost - <br />share assistance for the Project. <br />THEREFORE, in consideration of mutual promises set forth herein and other good and valuable <br />consideration, the District and the City agree as follows: <br />CITY RESPONSIBLITIES. <br />A. Design Plans and Maintenance Plan. The City will submit (1) final Project plans and <br />specifications and (2) a maintenance plan to the District for the Administrator's written <br />approval. <br />B. Construction and Maintenance. The City, through its own personnel and or contractors, <br />will construct the Project in accordance with the approved Project plans and specifications and <br />maintain it indefinitely in accordance with the approved maintenance plan. In doing so, the City <br />will comply with all applicable laws and regulations and will be responsible for acquiring all <br />permits, approvals and temporary and permanent rights of access or easement. <br />C. Completion of Construction. The City staff or consulting engineer will certify the <br />completion of Project construction within 24 months from the effective date of this agreement. <br />The City will submit to the District documentation of Project expenditures and the certification <br />of completion. <br />II. DISTRICT RESPONSIBILITIES. <br />A. Cost -Share Funds. To defray the Project cost to the City, the District will provide the City <br />cost -share assistance in the amount of 50 percent of the Project's eligible costs, as determined <br />by the District, not to exceed $50,000.00. <br />B. Payment Schedule. On District approval of the Project plans and specifications, <br />maintenance plan, certification by the City that it has obtained all necessary permits and <br />approvals, and receipt of the City's issued notice to proceed, the District will disburse 50 percent <br />of the RCWD Board approved cost -share amount to the City. On District receipt of the <br />