Laserfiche WebLink
II. <br /> <br />III. <br /> <br />IV. <br /> <br />THE PARTIES AGREE AS FOLLOWS: <br /> <br />DUTIES OF THE CITY. <br /> <br />Ao <br /> <br />The City will let a contract and construct the Project in accordance with Agency <br />Agreement No. 84231. Payment provisions for federally eligible costs will be as <br />stated herein. <br /> <br />Bo <br /> <br />It is estimated that the total cost of the Project is $ 423,300 and that the <br />anticipated federal funding will be capped at $ 338,632. The remaining share will <br />be paid by the City. <br /> <br />Co <br /> <br />Request for reimbursement of the federal aid share of the federally eligible costs <br />will be made after October 1, 2004, or earlier if funding and obligation authority <br />are available (subject to the Area Transportation Partnership (ATP) policy). <br /> <br />Do <br /> <br />If the project is converted to federal funding before completion and final <br />acceptance, requests for reimbursement will occur as partial estimates in <br />accordance with Agency Agreement No. 84231. <br /> <br />Eo <br /> <br />The City will pay any part of the cost or expense of the Project that is not paid by <br />federal funds. <br /> <br />DUTIES OF Mn/DOT. <br /> <br />Ao <br /> <br />Mn/DOT will make the necessary requests to the FHWA for authorization to use <br />federal funds for the Project and designation as an Advance Construction project. <br /> <br />Bo <br /> <br />Mn/DOT will request the conversion of the Project to federal funding of eligible <br />costs, between October 1, 2004 and January 31, 2005, or earlier if funding and <br />obligation authority are available. <br /> <br />At such time that the project is converted to federal funding and such funding is <br />received by Mn/DOT, Mn/DOT will reimburse to the City the federal aid share of the <br />federally eligible costs, previously provided by the City. Reimbursement for City <br />State Aid funds used in lieu of federal funds, will be deposited in the City's State Aid <br />Account. Reimbursement for other City funds used in lieu of federal funds will be <br />forwarded to the City. <br /> <br />ASSIGNMENT. Neither party will assign or transfer any rights or obligations under this <br />agreement without prior written approval of the other party. <br /> <br />TERM OF AGREEMENT. This agreement is effective upon execution by the <br />appropriate State officials, and will remain in effect for five (5) years from the effective <br />date or until all obligations set forth in this agreement have been satisfactorily fulfilled, <br />whichever occurs first. <br /> <br />(M/ffDOT Agreement No. 85163) <br /> Page 2 <br /> <br /> <br />