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. . ♦ I t � <br /> - ' , � � Ni3W, THEREFORE, in considerati�n�of t�e tnutual covenants contained�erein;the <br /> parties hereto agree as follows: <br /> 1. The CITY agrees to make the surveys, obtain all necessary rights of way, prepare plans I <br /> and specifications, receive bids and award the contract, furnish engineering inspection ', <br /> during construction and cause the improvement to be built in accordance with the plans, , <br /> specifications, and contract. <br /> 2. The CITY agrees to pay for all right-of-way, construction and engineering costs, <br /> subject to reimbursement by the STATE, using Federal participation funds, as , <br /> hereinafter stipulated. <br /> 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 (Direct Participation) (Direct participation) <br /> reimbursable) <br /> T e of Work Cost % Cost % Cost % Total <br /> All constr. costs $560,188.34 90 $ * $75,960.11 10 $ 636,148.45 <br /> excluding the * <br /> followin : ' <br /> Traffic signals �a $ 91,811.66 90 * $10,201.30 10 $ 102,012.96 ' <br /> US Route 51 with * ' <br /> Ash Ave. , <br /> Northbound US NA NA NA NA $187,593.60 100 $ 187,593.60 <br /> Route 51-Ash Ave. �� <br /> right turn lane �', <br /> Eastbound Ash I <br /> Ave. East of I <br /> Sta. 5+09 �I <br /> Westbound Ash �I <br /> Ave. from east <br /> through lane US 51 <br /> East '! <br /> Sub-Total $652,000.00 $273,755.01 $ 925,755.01 I <br /> P&C En . 15% NA NA NA NA $138,863.25 $ 138,863.25 <br /> TOTAL $652,000.40 $412,618.26 $1,064,618.26 ��' <br /> c I <br /> b I <br /> _�' II <br />