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<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 /> Federal $�g �j,�
<br /> TvFe of Work � Cost � � fQ Total
<br /> �
<br /> All construction costs
<br /> excluding the following $ 3,155,260 80 $ 788,815 20 N/A $ 3,944,075_
<br /> Traffic signals �
<br /> Fairview Avenue with
<br /> West Eldorado St. $ 4,800 80 $ 600 10 $ 600 10 $ 6,000
<br /> Traffic signals �
<br /> West Eldorado St. with
<br /> US 36 $ 56,000 80 $ 9,334 13.3 $ 4,666 6.7 $ 70,000 I
<br /> Highway lighting on
<br /> combination mast arm, ',
<br /> requested by CITY. N/A $ 1,725 100 $ 1 ,725 '',
<br /> Sidewalks,requested N/A $ 4,100 50 $ 4,100 50 $ 8,200
<br /> by CITY
<br /> Highway lighting
<br /> supports & conduit, N/A N/A $ 129,000 100 $ 129,000
<br /> requested by CITY
<br /> Sub total $ 3,216,060 $ 802,849 $ 140,091 $4,159,000
<br /> P&C Engr. 15% N/A $ 602,836 $ 21,014 $ 623,850
<br /> TOTAL $ 3,216,060 $1,405,685 $ 161,105* $4,782,850
<br /> *The CITY's financial participation in the improvement shall be reduced by the maximum amount of
<br /> $141,000. The CITY's estimated financial participation excluding the $ 141,000 maximum participation by
<br /> the STATE is $ 20,105. (See Covenant No. 4)
<br /> Participation and reimbursement shall be predicated on the percentages shown above for the specified work.
<br /> Cost shall be determined by multiplying the final quantities times contract unit prices plus 15% for
<br /> construction and preliminary engineering. It is further agreed that the CITY's participation towards the traffic
<br /> signals shown above (excluding highway lighting on combination mast arms, requested by CIT�, at the
<br /> intersection of Fairview Avenue with West Eldorado Street and at the intersection of West Eldorado Street
<br /> with U S Route 36 shall not exceed $ 862.50 and $6,707.38 respectively, which represents 125 % of their
<br /> estimated construction and engineering cost.
<br /> 3
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