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CCP 11-10-2003
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CCP 11-10-2003
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<br />. <br /> <br />. <br /> <br />. <br /> <br />B. The Facility shall have the approximate space and features as identified in <br />ATTACHMENT A and AI, hereto attached and made part of this <br />agreement: <br /> <br />V, FACILITY PROJECT CONSTRUCTION FUNDING <br />The construction of the Facility will be funded as follows: <br />I. The Ramsey County Board of Commissioners has approved a total project <br />cost of$30,443,461. The funding sources for this project are identified in <br />A TT ACHMENT B, which is incorporated and made a part hereof. <br />2. The City of Arden Hills shall contribute the sum of$2,387,514, as identified <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 />b. The City of Arden Hills shall make quarterly progress payments to <br />Ramsey County, without invoice from Ramsey County, during the <br />construction process according to the following payment schedule: <br /> <br />L) $ 596,878.50 <br /> <br />Due> <br /> <br />2.) $ 596,878.50 <br /> <br />Due> January I, 2004 <br /> <br />3.) $ 596,878.50 <br /> <br />Due> April I, 2004 <br /> <br />4.) $ Balance <br /> <br />Due> Upon Substantial Completion. <br /> <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 Board shall first pass a resolution approving <br />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 /> <br />4. If the Mounds View School District, and/or City of Arden Hills, during <br />construction ofthe Facility, request changes in construction oftheir respective <br />parcel, and such changes result in cost increases which exceed the requesting <br />party's contribution under this Article, the requesting party shall be solely <br />responsible for paying for such changes, and such changes shall not be made <br />unless and until the requesting party has forwarded to Ramsey County <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 oftheir respective parcel, and such changes result in cost <br /> <br />Ramsey County Public Works/Partners Agreement: Created on 11/5/20033:34 PM <br /> <br />30f]6 <br />
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