99-160 Ordinance - Laserfiche WebLink

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FUNDING 1. That the MUNICIPALITY hereby agrees to participate with the COLJNTY in the cost of the improvement by an allocation from the County Motor Vehicle $5.00 License Tax Fund to pay the COiJNTY portion of the project. 2. That the amount of Issue II funds (Grants/LTIP) used for this project will be deducted from designated project costs prior to the application of the participatory percentages specified in the Agreement. 3. That within the Corporate Limits of the MUNICIPALITY, the M[JNICIPALITY shall contribute fifty percent (50%) of the non-Issue II share of the cost of construction, construction supervision, right-of-way, and incidentals and forty percent (40%) of the cost of preparation of plans and specifications. Any terms appearing elsewhere in this Agreement which vary from those set forth in this paragraph shall take precedence. 4. That the MUNICIPALITY agrees to deposit with the Treasurer of Cuyahoga County the MUNICIPALITY' S share of the estimated cost of the project ar agrees to enter into an escrow agreement with the Board of County Commissioners prior to an award of a contract far the improvement. D. MAINTENANCE That upon completion of said improvement said MiJNICIPALITY will thereafter keep said highway open to traffic at all times; and 1. Maintain the improvement in accordance with the provisions of the statutes relating thereto and make ample financial provisions for such maintenance; and 2. Maintain the right-of-way and keep it free of obstructions in a manner satisfactory to the COL7NTY and hold said right-of-way inviolate for public highway purposes and permit no signs, posters, billboards, roadside stands or other private installations within the right-of-way limits. E. TRAFFIC That upon completion of said improvement said MLJNICIPALITY will thereafter keep said highway open to traffic at all times; and 1. Place and maintain all traffic control devices conforming to the Ohio Manual of Uniform Traffic Control Devices on the improvement in compliance with the provisions of Section 4511.11 and related sections of the Ohio Revised Code. 2. That the street or highway shall be and hereby is designated a through highway as provided in Section 4511.07 (F) Ohio Revised Code. 3. That stop signs affecting the movement of traffic on said street or highway within the roadway being improved shall be removed, and no stop signs shall be erected on same except at its intersection with another through highway where traffic does not warrant the installation of a traffic control signal but where the warrants for a"Four-way Stop" as provided in the aforesaid Manual are met; and 2