Agreement: Nat Resources... (2) - Laserfiche WebLink

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2. The total estimated cost of this project is $156,000. The STATE · -agrees to pe~ one-third of the actual total construction costs or $52,000, whichever is lesser, .~ the CITY agrees to ps~ two-thirds or $104,000, In no event shall the STATE's Rb-re of the project costs exceed $52,000. 3. That prior to initiation of the bidding and construction provisions set fort~ in paragraph five of this agreement, the CITY -~-1I deposit with the STATE its two-thirds share of the construction cost estimate, and the total amount will be deposited in the State Treasury in a special fund for this project. The STATE's obligation is subject to the receipt of an approved encumbrance of funds to the contractor. 4. The CITY shall p~ovlde without cost to the STATE all lands, easements, and rights-of_~ necessary for the construction of the project. ~. That after final plans, specifications, and estimates have been approved by the STATE, the CITY agrees to serve as the eontrsot~nff agency, with full responsibility for advertising for construction bids, 'awarding contracts, iuspect~s project work --~ materials. Performance bonds, as generally required by the CITY, ~b,1 ~ be required of success~al bidders on the project. The CITY sb-~ fo~ard all proposed construction contracts and bid tabulations relating thereto, together with its recomme~ndations, to the STATE, for approval by the STATE, before entering into an~ binding contracts relat~ thereto. 6. Upon approval of the contract award by both the STATE and CITY, the STATE will enc,,m~er funds to the Contrector(s) to cover the project costs for work to be performed ,,~er this agreement. Ail periodic invoices for work performed by contractors, which invoices are approved by the CITY, shall he forwarded to the STATE for pe~ment by the STATE from said funds. 7. If, in the opinion of the CITY, work should be performed which is not specifically covered in the approved project plan~ and specifications, approval of such work by both the STATE and CITY must be first mutually agreed upon. In the event the STATE cannot concur therein, ~o such work shall be done. No cbs~ges, additions or deletions, shall be ~,_de in the approved p],~e specifications for this project without the erpress written approval of the STATE. 8. That if durt~ construction of this Project soma condition is encountered which will require an over run in q~,,ntitieS, above those contained in the orig4n~! contract, the CITY will immediately call the matter to the attention of the STATE and no further work will be performed on this item on which the over run will occur until the amount thereof and the mat~ of therefore is mutually agreed to. -2-