9.4 Crow Wing County Chip Sealing Contract

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COUNTY PROJECT 18-200-128 & 18-300-40 CITY OF PEQUOT LAKES COST SHARE AGREEMENT III. COSTS A. Project Costs The project costs identified in this agreement are based upon current estimates. Attachment B identifies the agreed upon cost share quantities and estimated costs. Actual final costs for each agency will be determined by actual final quantities. B. SUMMARY OF ESTIMATED COSTS - The estimated construction and engineering costs of the projects are shown in Attachment B and are summarized as follows: Total Estimated Construction Costs $1,911,413.62 Estimated City Construction Costs $154,575.94 Estimated City Engineering Costs $15,457.59 Total Estimated City Costs $170,033.53 IV. TERM This Agreement shall continue until terminated as provided hereinafter. V. DISBURSEMENT OF FUNDS All funds disbursed by the County or City pursuant to this Agreement shall be disbursed pursuant to law. Upon project completion, a final cost accounting will be performed totaling costs related to the Project. An invoice will be prepared by the County and submitted to the City. The City shall reimburse the County within 30 days of receipt of invoice. VI. CONTRACTS AND PURCHASES All contracts let and purchases made pursuant to this Agreement shall be made by the County in conformity with State law. VH. ACCOUNTABILITY An accounting shall be made of all receipts and disbursements upon request by either party. VIII. TERMINATION This Agreement shall terminate upon completion of all obligations of the parties under this Agreement. This Agreement may be terminated prior to completion by either party only for breach of this Agreement or by mutual consent of the parties. X. NOTICE For purposes of deliver of any notices hereunder, the notice shall be effective if delivered to the Office of the Crow Wing County Highway Department, 16589 CR 142, Brainerd, MN 56401, on behalf of the County, Pequot Lakes, City Hall, 4638 Main Street, Pequot Lakes, MN 56472. 2