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b. For purposes of performing its obligations under this Agreement, Ramsey <br /> hereby grants to Elk River the right to use the streets,public ways, and <br /> easements of Ramsey for the purposes of constructing the Project, <br /> including any excavations necessary to perform work incidental to the <br /> performance of this Agreement. Ramsey agrees to cooperate to the fullest <br /> extent in the protection of any excavations or barricades that may be <br /> necessary for the work being performed by the contractor on the Project. <br /> c. Elle River agrees to assist Ramsey in the notification and coordination with <br /> all businesses and residents located along Jarvis Street. Elk River will <br /> provide access to the project Facebook page and contact numbers for key <br /> members of the construction team on the Project. <br /> d. Each of the Parties will acquire the necessary right of way and easements, <br /> if any, to permit construction of the Project. <br /> 3. Division of Cost. The Parties agree to share equally in the final costs of the <br /> Project. Elk River agrees to pay all partial and final construction costs for the <br /> Project. Ramsey agrees to repay its share of the Project costs to Elk River in <br /> equal annual installments over a period of three years with the first installment <br /> due May 15, 2016, and subsequent installments due May 15, 2017 and May 15, <br /> 2018. No interest rate shall be applied to Ramsey's share of the Project costs. <br /> 4. Approval. Before this Agreement shall become binding and effective it shall be <br /> approved by corresponding resolutions of the City Councils of Elk River and <br /> Ramsey. The resolutions shall be attached as Exhibits B and C, <br /> 5. Liability. Both cities mutually agree to indemnify and hold harmless each other <br /> from any claims, losses, costs, expenses, or damages, including reasonable <br /> attorney's fees, resulting from the acts or omissions of the respective officers, <br /> agents or employees of the indemnifying party, to the extent such acts or <br /> omissions relate to activities conducted by the indemnifying party under this <br /> Agreement. <br /> 6. Miscellaneous. It is understood and agreed that the entire agreement of the <br /> Parties is contained herein and that this Agreement supersedes all oral agreements <br /> and all negotiations between the parties relating to the subject matter of this <br /> Agreement. Any alterations, variations or modifications of the provisions of this <br /> Agreement shall be valid only when they have been reduced to writing and duly <br /> signed by the parties. <br /> 7. Street Maintenance. Maintenance shall be shared under separate agreement. <br /> 8, Termination. Neither Party shall be allowed to terminate this Agreement without <br /> prior written approval from the other Party. The terminating Party agrees to pay <br />