Laserfiche WebLink
M.V. ORDINANCE N0. 86-24 <br />Page -2- <br />Section 3. Mayfield Village, Ohio hereby agrees to the <br />following methods of funding for the aforesaid project: <br />A. The Municipality hereby agrees to participate <br />with the County in the cost of the improvement by <br />an allocation from the County Motor Vehicle $5.00 <br />License Tax Fund to pay the County portion of the <br />project. <br />B. If the project is financed as a Federal-aid <br />Highway project, eligible costs of the improvement <br />shall be financed from the aforesaid funds. <br />C. Within the corporate limits of the Municipality, <br />the Municipality shall contribute ten percent <br />(10%) of the costs of construction, construction <br />supervision, and incidentals and forty percent <br />(40 0 ) of the costs of preparation of plans and <br />specifications, exclusive of the items set <br />forth in paragraphs 7C and 8A. <br />D. The Municipality agrees to deposit with <br />the Treasurer of Cuyahoga County the Municipality's <br />share of the estimated cost of the project agrees <br />to enter into an escrow agreement with the Board <br />of County Commissioners prior to an award of a <br />contract for the improvement. <br />E. The County reserves the right to approve for <br />participation any and all costs associated with <br />the preparation of plans and specifications for the <br />improvement in accordance with the current County <br />policies. Four (4) copies of a formal fee proposal, <br />including a detailed scope of services outlining all the <br />work to be performed by the engineer, shall be submitted <br />to the County for approval prior to the County approving <br />the hiring of the engineer. <br />Further, the Municipality will not authorize the <br />engineer employed for this improvement to begin <br />activities of any phase of work which is financed in <br />part with County funds without the written approval of <br />the County. <br />Further, the County reserves the right to approve any <br />and all invoices submitted to the Municipality by the <br />aforesaid engineer for such phases of work which are to <br />be financed in part by County funds prior to the release <br />of those funds from the Municipality to the consulting <br />engineer. <br />Section 4. Mayfield Village agrees that upon completion of <br />the said improvement the municipality will thereafter keep said <br />highway open to traffic at all times and <br />