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4. The State will furnish materials to be installed <br />with the City work provided in Paragraph 3. Estimated cost for <br /> <br />State-furnished Materials is $22,000.00. <br />50 percent. City's share is 50 percent. <br /> <br /> 5. <br /> <br />State's share is <br /> <br />Upon execution of this agreement and receipt of <br /> <br /> State's written request, the City will make an advance payment to <br /> the State of its share of the estimated costs as specified in <br /> Paragraph 4. <br /> <br /> 6. After the State determines the actual costs for <br />State-furnished materials, if the amount of the funds advanced by <br />the City exceeds the City's share, the excess will be promptly <br />returned to the City without interest. If the amount of funds <br />advanced by the City is less than the actual costs, the City will <br />promptly pay the balance to the State. <br /> <br /> 7. The work provided for in Paragraph 3 must be <br />completed to the satisfaction of the State's District Engineer at <br />Brainerd or his/her designated representative. Upon satisfactory <br />completion, the State will pay to the City the State's share of <br />the actual Construction Costs plus eight percent of its share for <br />the cost of Engineering and Inspection.. <br /> <br /> 8. The State's estimated obligation under this <br />agreement is $121,500.00. This estimate consists of the State's <br />share of the Construction Costs and Engineering and Inspection <br /> <br />83307R <br /> --3-- <br /> <br /> <br />