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<br />II. METHOD <br /> <br />The County shall cause the construction of Sherburne County Project Number S.P. 71-596-04 <br />in conformance with said plans and specifications. The County shall do the calling for all <br />bids and the acceptance of all bid proposals. <br /> <br />III. COSTS <br /> <br />The contract costs of the work, or if the work is not contracted, the cost of all labor, materials, <br />normal engineering costs and equipment rental required to complete the work, shall constitute <br />the actual "construction costs" and shall be referred to herein. <br />"Estimated costs" are good faith projections of the costs, which will be incurred for this <br />project. Actual costs may vary and those will be the costs for which the relevant parties will <br />be responsible. <br /> <br />The estimated construction cost of the total project is $ . Federal funds <br />available for the project are capped at $719,104, which will be applied entirely for County <br />costs. Above that amount, the County will pay an estimated amount of $ to cover <br />the remainder of the County's portion of the project. The County will pay the cost for all <br />roadway grading, paving, access road and driveway replacements and/or improvements, <br />intersection improvements, and drainage systems (including half (50%) of the cost of the <br />storm sewer). <br /> <br />The City shall pay the entire cost of utilities, including any water and sanitary sewer, curb and <br />gutter, the cost of constructing any trails on or adjacent to the County's roadway easement, <br />and half (50%) of the cost of the storm sewer. The estimated total cost for the City's portion <br />of the project is $ <br /> <br />The County will provide construction staking, construction observation, and contract <br />administration for the project. The City will provide construction observation/oversight for <br />the water main, sanitary sewer, and curb and gutter portions ofthe project. <br /> <br />Upon award of the contract, the City shall pay to the County, upon written demand by the <br />County, ninety-five percent (95%) of its portion of the cost of the project estimated at <br />$ The City's share of the project shall include only construction and <br />construction engineering expense and does not include any administrative expenses incurred <br />by the County. <br /> <br />Upon final completion of the project, the City's share of the construction cost will be based <br />upon the actual construction costs. If necessary, adjustments to the initial ninety-five percent <br />(95%) charged will be made in the form of credit or additional charges to the City's share. <br />Also, the remaining five percent (5%) of the City's portion of the construction costs shall be <br />paid. <br />