03c. Agreement with the Cities of Fargo and West Fargo for 52nd Avenue South
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03c. Agreement with the Cities of Fargo and West Fargo for 52nd Avenue South
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- 3 - <br /> <br />6. Apportionment of Costs related to the Project. The Project will be partially <br />funded with Federal funds provided by the North Dakota Department of <br />Transportation (NDDOT) through the Surface Transportation Program (STP), <br />along with a non-Federal share of contributions from the Project Partners. The <br />Project Partners agree to split the non-Federal share of the Project as represented <br />in the Engineer’s Report attached hereto as Exhibit B, to be revised upon award of <br />the Bid for the Project. The amounts to be paid by the parties shall be trued up at <br />the completion of the Project, costs to be shared as follows: <br /> <br />Engineer’s Estimated Construction Cost Exhibit B. <br /> (Included in this cost is a 20% inflation markup, a 10% <br /> construction contingency, a 4% Fargo administration fee, 4% <br /> Fargo interest fee, and 3% Fargo legal/miscellaneous fee) <br /> <br />Bridge Portion (excluding City of Fargo Water Plant Gates on Bridge <br />Structure) <br />Local funding breakouts: 25% WF, 25% Fargo, 50% Cass County <br /> <br />Roadway west of Bridge (including roundabout modifications) <br /> Local funding breakouts: 50% WF, 50% Cass County <br /> <br />Roadway east of Bridge <br /> Local funding breakouts: 40% Fargo, 40% WF, 20% Cass County <br /> <br />City of Fargo Water Plant Gates on Bridge Portion <br /> Local funding breakouts: 100% Fargo <br /> <br />City of Fargo Watermain on east Portion <br /> Local funding breakouts: 100% Fargo <br /> <br />Estimated Cost for NEPA, Preliminary and Final Engineering Design, <br />Construction Administration Services, Right of Way, and Utility <br />Relocations <br />Overall project funding breakouts: 46% Fargo, 27% West Fargo, 27% <br />Cass County <br /> <br /> <br /> <br /> <br />7. Project Costs. Each of the Project Partners will be responsible for obtaining <br />financing for its own portion of the costs of the Project, as set forth above. This <br />responsibility includes any and all costs related to creation of any special <br />assessment district and bonding related to the Project. <br /> <br />8. Cass County Contribution. Cass County shall make payment to Fargo to the <br />project based on the bid amount as follows: as follows: Cass County will submit <br />a check for half of the total amount due to the City of Fargo on or before October
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