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JOINT POWERS AGREEMENT BETWEEN THE CITY OF LINO LAKES AND THE CITY OF HUGO REGARDING 24TH AVENUE / ELMCREST AVENUE STREET AND UTILITY IMPROVEMENTS AND MAINTENANCE THIS AGREEMENT is made and entered into on the latest date set forth below by and between the City of Hugo and the City of Lino Lakes, both of which are municipal corporations under the laws of the State of Minnesota. RECITALS: WHEREAS, the City of Lino Lakes (hereinafter described as “Lino Lakes”) is constructing the Otter Lake Road Extension project, (the “Extension Project”) from where it exists today (300 feet north of Main Street) to 400 feet north of Heritage Parkway, as shown in the attached Exhibit A; and WHEREAS, the City of Hugo (hereinafter described as “Hugo”) and Lino Lakes have determined it be in the best interest of Hugo and Lino Lakes to pave Elmcrest Avenue / 24th Avenue from approximately 400 feet north of Heritage Parkway to Washington County Road 4A / Anoka County Road 140 (the “Overlay Project”), as shown in the attached Exhibit B (the area to be improved hereinafter referred to as the “Roadway Improvements”); and WHEREAS, 24th Avenue / Elmcrest Avenue is a border roadway between Lino Lakes and Hugo, and Lino Lakes and Hugo recognize and acknowledge that the Overlay Project will benefit both Lino Lakes and Hugo; and WHEREAS, a portion of the Overlay Project is to be constructed within the corporate limits of Lino Lakes and a portion is to be constructed within the corporate limits of Hugo, as shown in the attached Exhibit B; and WHEREAS, subject to the terms hereof, Lino Lakes is assuming responsibility for the design and construction of the Overlay Project to be built both within the corporate limits of Lino Lakes and Hugo; and NOW, THEREFORE, in consideration of the mutual undertakings herein expressed, the sufficiency of which is acknowledged by the parties, Lino Lakes and Hugo agree as follows: SECTION 1. PURPOSE. The purpose of this Agreement is to set forth the terms of the agreement Lino Lakes and Hugo have reached regarding the design, construction, maintenance, and financing of the Overlay Project both within the corporate limits of Lino Lakes and Hugo, in accordance with Minnesota Statutes, Section 471.59.