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3. It is mutually agreed by and between the parties hereto that the estimated cost and cost <br /> proration for the improvement is as follows: <br /> Federal Sta e ou t <br /> �,�ne of Work Cost �Q S��t °o S� °o Total <br /> Construction $333,360 90 $ 37,040 10 NA $370,400 <br /> costs excluding <br /> tne following <br /> Traffic signals $ 95,040 90 $ 5,280 5 $5,280 5 $105,600 . <br /> at Mound Road <br /> Sub-Total $428,400 $ 42,320 $ 5,280 $476,000 <br /> Preliminary & <br /> Construction <br /> Engineering (15%) _N�, $ 70,60g 7 2 71 4 <br /> TOTAL $428,400 $112,928 $ 6,072 $547,400 <br /> Participation and reimbursement shall be predicted on 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 by the County <br /> toward the traffic signals shown above shall not exceed $7,590 which represents 125% of their <br /> estimated construction and engineering cost. <br /> 4. The COUNTY has passed a resolution appropriating sufficient funds to pay its share of <br /> the cost of this improvement, a copy of which is attached hereto as "Exhibit A" and <br /> made a part hereof. <br /> 5. The COUNTY and CITY agree to provide prior to the STATE's advertising for the <br /> work to be performed hereunder approval of the plans and specifications as prepared, <br /> by resolution or letter. <br /> 6. The CITY shall exercise its franchise right to cause private utilities to be relocated at <br /> no expense to the STATE. <br /> 7. The CITY agrees to cause its utilities located on right of way acquired by the State or <br /> installed within the limits of a roadway after the said roadway was taken over for <br /> maintenance by the State, to be relocated and/or adjusted at no expense to the State. <br /> -2- <br />