Laserfiche WebLink
2. The total estimated cost of this project is $156,000. The STATE <br /> -agrees to ps~ one-third of the actual total construction costs or $52,000, <br /> whichever is lesser, and the CITY agrees to pa~ two-thirds or $10~,000. In no <br /> evens ahall the STATE's share of the project costs exceed $52,000. <br /> <br /> 3. That prior to initiation of the bidding and construction provisions <br />set fo~h in paragraph five of this agreement, the CITY ahall deposit with the <br />STATE its two-thirds share of the construction cost estimate, and the total <br />amount will be deposited in the State Treasury in a special fund for this project. <br />The STATE's obligation is subject to the receipt of an approved encumbrance of <br />funds to the contractor. <br /> <br /> 4. The CITY shall provide without cost to the STATE all lands, <br /> easements, and rights-of-ws~, necessary for the construction of the Project. <br /> <br /> §. That after final plans, specifications, and estimates have been <br /> approved by the STATE, the CITY agrees to serve as the contracting agency, with <br /> full responsibility for advertising for construction bids, awarding contracts, <br /> inspect~ Project work and materiais. Performance bonds, as generally <br /> required by the CITY, shall be required of successful btdde.rs on the project. <br /> The CITY shall forward all proposed construction contracts and bid tabulations <br /> relating thereto, toge-ther with its recommendations, to the STATE, for approval <br /> by the STATE, before entering into a~F binding contracts relating thereto. <br /> <br /> 6. Upon approval of the contract award by both the STATE and CITY, <br /> the STATE will encumber funds to the Contractor(s) to cover the project costs <br /> for work to be Performed under this agreement. Ail Periodic t~voices for work <br /> Performed by contractors, which invoices are approved by the CITY, shall be <br /> for~ax~ed to the STATE for payment by the STAFE fr~m said funds. <br /> <br /> 7. If, in the opinion of the CITY, work should be Performed which <br /> <br /> is not specifically covered in the approved project plans and specifications, <br /> approval of such w~rk by both the STATE and CITY must be first mutual~ agreed <br /> upon. In the event the STATE cannot concur therein, no such work shall be done. <br /> ~o changes, additions or deletions, shall be made in the approved plans and <br /> specifications for this project without the express written approval of the STATE, <br /> <br /> 8. That if during construction of this Project some condition is <br />encountered which will require an over run in quantities, above those contained <br />in the original contract, the CITY will immediately call the matter to the <br />attention of the STATE and no further work will be Performed on this item on <br />which the over run will occur until the amount thereof and the method of pe~ment <br />therefore ts mutual~ agreed to. <br /> <br />-2- <br /> <br /> <br />