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F.A. Route 320 (I1 . 121 ) <br /> Section (138Z-1 �TS <br /> City of Decatur <br /> t�acon County !, <br /> Agreement No. J-593008 ' <br /> Contract No. 90501 ' <br /> �� �� I'� <br /> EXHIBIT B �, <br /> The CITY agrees to reimburse the STATE for the followin : I', <br /> 9 <br /> 1 . 10� of the cost of the traffic signal modernization project, plus 15% of I <br /> said cost for engineering. � <br /> Estimated Cost of Traffic Signal Modernization $100,000.00 II <br /> City Participation (5�) X 0.05 I <br /> , � <br /> Engineering Cost (15�) X 1 .15 �, <br /> TOTAL ESTIMATED CITY PARTICIPATION � 5,750.00 * ; <br /> *Actual cost will be based on contract unit prices and final quantities shall <br /> be used in the final division of cost for billing and final reimbursement, <br /> however the total cost of the CITY (including engineering costs) shall not ' <br /> exceed ($5,750.00 X 1 .25%) $7,187.50 <br /> TOTAL PROJECT COST <br /> Estimated Construction Cost �100,000.00 <br /> Estimated Engineering Cost (15%) $ 15,000.00 <br /> Estimated R.O,W. Cost $ 0.00 <br /> TOTAL ESTIMATED PROJECT COST $115,000.00 <br /> 7632B.3 <br />