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Such materials as described immediately above shall hereinafter <br />be referred to as "State furnished materials"; and <br /> <br /> WHEREAS, the City and State will participate in the <br />cost, maintenance and operation of the new traffic control signal <br />with street lights, EVP System, advance warning flashers and <br /> <br />signing, and the interconnect, as hereinafter set forth; <br /> NOW, THEREFORE, IT IS AGREED AS FOLLOWS: <br /> <br /> 1. The City shall prepare the necessary plan, <br />specifications and proposal which shall constitute "Preliminary <br />Engineering". The City shall also perform the construction <br />inspection required to complete the items of work hereinafter set <br />forth, which shall constitute "Engineering and Inspection" and <br />shall be so referred to hereinafter. <br /> <br /> 2. The contract cost of the work or, if the work is <br /> not contracted, the cost of all labor, materials, and equipment <br /> rental required to complete the work, except the cost of <br /> providing the power supply to the service pole or pad, shall <br /> constitute the actual "Construction Cost" and shall be so <br /> referred to hereinafter. <br /> <br /> 3. The City with its own forces and equipment or by <br /> contract shall perform the traffic control signal and <br /> interconnect work provided for under State Project No. 7106-59 <br /> and State Aid Project No. 204-116-01 with the Construction Costs <br /> shared as follows: <br /> <br />76123 <br />2 <br /> <br /> <br />