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3. It is mutually agreed by and between the parties hereto that the estimated cost and cost <br /> proration for this improvement is as follows: <br /> Type of Work FEDERAL STATE CITY Total <br /> Cost % Cost % Cost <br /> Traffic Signal <br /> Improvements $124,000 80 $0 0 $31,000 20 $155,000 <br /> at IL 105&24th <br /> Street <br /> Subtotal $124,000 $0 $31,000 $155,000 <br /> P&C <br /> Engineering $18,600 $0 $4,600 $23,200 <br /> 15% <br /> Total $142,600 $0 $35,600 $178,200 <br /> Participation and reimbursement shall be predicated by the percentages shown above for the <br /> specified work. Cost shall be determined by multiplying the final quantities by the contract <br /> unit prices plus 15%for construction and preliminary engineering. Participation toward traffic <br /> signals shown above shall not exceed $38,750 which represents 125% of their estimated <br /> construction and engineering cost. <br /> 4. The CITY has passed a resolution appropriating sufficient funds to pay its share of the <br /> cost for this improvement, a copy of which is attached hereto as "Exhibit A" and made a <br /> part hereof. <br /> The CITY further agrees that upon award of the contract for this improvement, the CITY <br /> OF DECATUR will pay to the DEPARTMENT OF TRANSPORTATION of the STATE OF <br /> ILLINOIS from any funds allotted to the CITY, an amount equal to 50% of its obligation <br /> incurred under this AGREEMENT, and will pay to the said DEPARTMENT the remainder <br /> of the obligation(including any non-participating costs on FA projects)in a lump sum, upon <br /> completion of the project based upon final costs. <br /> 5. The CITY shall exercise its franchise rights to cause private utilities to be relocated, if <br /> required, at no expense to the STATE. <br />