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B_ The Facility shall have the approximate space and features as identified in <br /> ATTACHMENT A and Al, hereto attached and made part of this <br /> agreement: <br /> V. FACILITY PROJECT CONSTRUCTION FUNDING <br /> The construction of the Facility will be funded as follows: <br /> total projct <br /> 1. The Ramsey County Board of Commissioners has approved are re dentifieden <br /> cost of$30,443,461. The funding sources for project <br /> ATTACHMENT B,which is incorporated and m made <br /> $2 par hereof <br /> identified <br /> 2. The City of Arden Hills shall contribute the s <br /> in ATTACHMENT C, for its share of the construction costs as follows: <br /> a_ The City of Arden Hills City Council shall first pass a resolution <br /> approving the contribution. <br /> Arden Hills shall make quarterly progress payments to <br /> b. The City of <br /> Ramsey County, without invoice from Ramsey County, during the <br /> construction process according to the following payment schedule: <br /> 1.) $ 596 878.50 Due> <br /> 2.) $ 596 878.50 Due> January 1 2004 <br /> 3.) $ 596 878.50 Due> Aril 1 2004 <br /> 4.) $ Balance Due> U on Substantial Com letion . <br /> 3. The Mounds View School District shall contribute the sum of$1 349,775 , <br /> plus interest and bond costs, as identified in the financing plan, for its share <br /> of the construction costs as follows: <br /> a. The Mounds View School District shall first pass a resolution <br /> approving the contribution and the financing plan. _ <br /> b. The Ramsey County Board of Commissioners has agreed to provide <br /> financing for the Mounds View School District portion of the facility <br /> in accordance with the Ramsey County and Mounds View School <br /> District Financing Plan Agreement, as approved by the County and <br /> the School <br /> 4. if the Mounds View School District, and/or iC construe y of n Hills, during <br /> of their respective <br /> construction of the Facility, request changes <br /> ges result in cost increases which exceed the requesting <br /> parcel, and such chan <br /> party's contribution under this Article, the requesting party shall be solely <br /> responsible for paying for such changes, and suchchanges shyll not by made <br /> unless and until the requesting party has forty <br /> sufficient funds to pay for the changes. If the Mounds View School District, <br /> and/or City of Arden Hills, during construction of the Facility, request changes <br /> in construction of their respective parcel, and such changes result in cost <br /> 3of16 <br /> Ramsey County Public WOIks/Parmers Agreement:Created on 11/13/2003 7:36 AM <br />