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Exhibit B-Page 2 of 2 <br /> Roadway Turn Back Memorandum of Agreement <br /> Crow Wing County and Pequot Lakes <br /> AGREEMENT <br /> The County and City have come to a tentative agreement on the momentary obligation of both parties <br /> regarding the proposed roadway turn backs and interchange. This agreement will not be considered <br /> final until each elected body has acted on the formal turn back document to be drafted on a later date. <br /> The City tentatively agrees to accept future jurisdiction of portions of TH 371,CSAH 11 and CR 112 <br /> in exchange for monetary consideration summarized Table 1. The City agrees to accept a lump sum <br /> payment in one or more installments in lieu of cooperative construction projects. <br /> Table 1 <br /> Segment Fundin_ Source Amount Notes <br /> Existing TH 371 from CR 107/168 to CSAH 17 MnDOTTurn Back s4,200,000 Full amount paid by MnDOTto County will be <br /> Funds transferred to City <br /> All segments of CSAH 11 west of the future <br /> bypass/interchange inducing west of current <br /> Crow Wing County Lump sum County payment based on future <br /> $ 659,000 <br /> TH 371 alignment.Includes signal system. <br /> funds construction needs <br /> All segments of CR 112 west of the future <br /> g alignment Crow Wing County 5 893,000 Lump sum County payment based on future <br /> bypass/interchange indudin new ali nment <br /> north of East Grove Street <br /> funds construction needs <br /> Diamond Interchange City funds $ (372,000) Estimated City obligation for interchange=6%of <br /> total cost($6.2M Estimate) <br /> All segments listed above MnDOT and Crow �� Total County funds paid to City for accepting turn <br /> Wing County funds back of TH 371,CSAH 11 and CR 112 <br /> WITNESS <br /> CROW WING COUNTY Y OF PEQUOT LAKES <br /> By: bff,,,tan,_ <br /> Timothy ay,P.E. 7 David Sjobla• <br /> Crow Wing County Engineer rr Mayor, City of "equot Lakes <br /> Date: 40/23IS Date: 6 - 14 - j, <br /> 2 <br />