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A. E NT T I~ITUMINUS SU A.CIN LANE AVENUE <br />wIT I E CITY L ITS ' ELF V INNER TA. <br />THIS AGREEMENT the "Agreement"} made and entered into by and between the County of <br />Sherburne, State of Minnesota, a political subdivision of the State of Minnesota, 425 Jackson <br />Avenue, Elk River, Minnesota 55330, hereinafter referred to as the "County", and the City of <br />Elk River, 13065 Orono Parkway, Elk River, Minnesota 55330, hereinafter referred to as the <br />"City",dated <br />wITNESET <br />WHEREAS, the parties agree that the County shall cause the bituminous resurfacing of Line <br />Avenue fi~om County State Aid Highway 13 to 1831~d Circle the "Project"} located within the <br />City limits of Elk River; and <br />WHEREAS, the Sherburne County Public works Department has prepared plans and <br />specifcations for the County Overlays, which are on file in the office of the County Engineer; <br />and <br />WHEREAS, the City of Elk River has prepared plans and specifications for the Project, dated <br />ZO10, the "Plans and Specifications"}; and <br />WHEREAS, the County's good faith projection of the estimated cost of the Project is <br />$175,870, but actual costs may vary. <br />New, TI~E.E~' ~ , IT IS MUTUALLY STYPULA.TE ANI~ A.~1~EEI~: <br />I. PURPOSE <br />The purpose of this Agreement is to provide for construction of the Project pursuant to the <br />Plans and Specifications, and payment by the City therefore. <br />II. METHOD AND COSTS <br />The County shall call for and receive bids to construct the Project pursuant to the Plans and <br />Specifications. Prior to awarding a contract for the Proj ect, the County shall notify the City of <br />the amount of the low bid for the total cost of the Project, <br />The City shall have ten X10} days following notice by the County of the cost of the Project to <br />notify the County whether the City wishes to proceed with the Project. If the City does not <br />notify the County within this 10-day period of its desire to proceed with the Project, then this <br />Agreement shall terminate and the City shall have no further obligation to the County, If the <br />City does not notify County within the 1Orday period of its election to proceed, the County <br />