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COOPERATIVE AGREEMENT FOR WALTER ROAD IMPROVEMENT This Agreement is entered into on this day of December, 2015,by and between the City of Westlake("Westlake") and the City of North Olmsted("North Olmsted"). Whereas, the parties have jointly determined it is necessary to provide for the improvement of Walter Road from Beech Lane to the North Olmsted corporation line,north of Lebern Drive;and Whereas, the westerly portion of Walter Road lies in Westlake and the easterly portion of Walter Road lies in North Olmsted;and Whereas, the improvement of the road is necessary to safely accommodate the traffic and will benefit both communities. Now therefore,the parties hereby agree as follows: 1.) project Description: Resurfacing of Walter Road from Beech Lane to the North Olmsted corporation line, north of Lebern Drive which is substantially described in the attached Exhibit"A", and which shall be incorporated herein as if fully re-written. 2.) Budget and Funding: The total cost of the improvement is estimated to be a.) North Olmsted will reimburse Westlake as follows: (1) 50%of all construction costs; (ii) 50% of any contract claim arising out of the improvement project, including all costs incurred in the legal defense of any suit(s)for damages; (iii) Payments shall be made to Westlake by North Olmsted within thirty(30) days receipt of invoice by Westlake. b.) Westlake will pay 100% of all engineering and project management costs related to the improvement project. c.) Westlake shall keep accurate records of its costs and such records shall be made available at all regular business hours for inspection by North Olmsted. The costs shown in the records shall be used as the basis for the final division of costs as provided herein. 3.) Rights and Responsibilities: The parties shall work together to determine the key creative elements as to the project. No party may unreasonably withhold its approval of any key creative element. Page 1of2