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DRAFT MARCH 6, 1998 <br /> 2. The total cost (except those associated with the sale of bonds and special <br /> assessments) of the Project, including, without limitation, construction costs, legal, <br /> administrative, and engineering fees, shall be allocated between Lino Lakes and Centerville <br /> proportionately, 50% to Lino Lakes and 50% to Centerville. <br /> 3. Each city has the right to terminate Agreement prior to award of construction <br /> contract. <br /> 4. Each municipality shall be solely responsible for their share of the costs of the <br /> Project. Each municipality shall be responsible for the sale of bonds, if any, and levy of <br /> special assessments against properties within their city boundaries. <br /> 5. Lino Lakes shall pay to Centerville monthly, as certain portions of the <br /> construction are completed, the Project amounts then due and payable for work completed. <br /> Upon completion of the entire Project, Lino Lakes will make the final payment after receiving <br /> the final cost statements from Centerville for the ompleted Project. <br /> 6. Each municipality shall obtain property or right -of -way easements within their <br /> municipal boundaries prior to award of contract that are needed for the Project and the costs <br /> shall be paid separately by each city. <br /> 7. Before this Agreement shall become binding and effective it shall be approved <br /> by an appropriate resolution of the City Council of Lino Lakes and of the City Council of <br /> Centerville, which shall be attached hereto as Exhibits B and C, respectively. <br /> 8. Watermain services may be extended to serve property within the City of <br /> Centerville upon Centerville's request. Fees for connection to such services will be subject to <br /> separate agreement. <br /> 0:lproiU60085 \085 -0306.mar.joinr usage Page 3 <br />