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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 /> STATE COST CITY COST <br /> Federal State City <br /> Reimbursable <br /> T e of Work Cost % Cost % Cost % Total <br /> All construction <br /> costs excluding the <br /> followin $ 14,720 80 � 3,680 2.0 NA $ 18,400 <br /> Traffic signals at $ <br /> the intersection of <br /> US Route 36 with <br /> 36`h. Street $ 64,000 80 $ 12,000 15 $ 4,000 5 $ 80,000 <br /> Wiring and <br /> Luminaries for <br /> hi h-wa li htin NA 1VA $ 1,600 100 $ 1,600 <br /> Sub Total � 78,720 � 15,68� $ 5,600 � 100,000 <br /> P & C En r. 15� NA � 14,160 $ 840 $ 15,000 <br /> Total � 78,720 $ 29,840 $ 6,440 $ 115,000 <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 times contract unit <br /> prices plus 15% for construction and preliminary engineering. Participation toward the traffic <br /> signals shown above, excluding the wiring and luminaires, shall not exceed $ 5.750 which <br /> represents 125% of their estimated construction and engineering cost. <br /> 4. 'The CITY has passed a resolution appropriating sufficient funds to pay its share of the cost <br /> for this improvement, a copy of which is attached hereto as "Exhibit A" and made a part <br /> hereof. <br /> The CITY further agrees that upon award of the contract for this improvement, the CITY <br /> will pay to the DEPARTMENT OF TRANSPORTATION of the STATE OF ILLINOIS in a <br /> lump sum from any funds allotted to the CITY, an amount equal to 95% of the obligation <br /> incurred under this AGREEMENT, and will pay to the said DF,PARTMENT the remainder <br /> of the obligation (includ�ng any non-participating costs of FA Projects) in a lump sum, upon <br /> completion of the project based upon final costs. <br /> , <br />