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Exhibit B
<br /> Cost Share Estimate
<br /> Joint Powers Agreement for 21 st Avenue
<br /> Dated Au ust , 2013
<br /> Lino Lakes Lino Lakes Lino Lakes Centerville
<br /> Cost Item Total Cost Oversize Base Total Total
<br /> Surface Improvements $ 454,620 $ 298,932 $ 298,932 $ 155,688
<br /> Sanitary Sewer $ 135,583 $ 24,000 $ 55,792 $ 79,792 $ 55,792
<br /> Watermain (Lino Lakes) $ 138,494 $ 48,000 $ 90,494 $ 138,494
<br /> Watermain (Centerville) $ 24,724 $ 24,724
<br /> Storm Sewer $ 88,550 $ 44,275 $ 44,275 $ 44,275
<br /> Subtotal $ 926,121 $ 72,000 $ 531,567 $ 603,567 $ 280,479
<br /> Wetland Mitigation $ 68,543 $ 34,272 $ 34,272 $ 34,272
<br /> Engineering Estimated (18 %) 166,701.78 12,960.00 95,682.08 $ 108,642 50,486
<br /> Project Cost $1,092,823 $ 84,960 $ 627,249 $ 712,209 $ 365,237
<br /> Subtotal for agreement $1,092,823 $ 712,209 $ 365,237
<br /> Internal Costs for Legal\Admin (7 %) $ 64,828 $ 5,040 $ 37,210 $ 42,250 $ 19,634
<br /> Total Cost $1,247,651 $ 90,000 $ 754,459 $ 384,870
<br /> * *1 Bank Share $ 50,000 one half to LL
<br /> Bank Share $ 64,527 to LL
<br /> * *2 LL Share Includes Oversizing Costs of 93K
<br /> Initial Payment- 90% 328,712.94
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