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The estimated construction cost of the total project is $3,280,000. <br /> The total estimated cost(construction + 8% construction engineering)to the City is <br /> $680,000 (with deleting watermain and sanitary sewer work south of Dupre). <br /> Upon award of the contract, the City shall pay to the County, upon written <br /> demand by the County, thirty five percent (35%) of its portion of the cost of the project <br /> estimated at $238,000. The City shall pay an additional sixty percent (60%) of its <br /> portion of the cost of the project estimated at$408,000 by April 15, 2015. The City's <br /> share of the cost of the project shall include only construction and construction <br /> engineering expense and does not include engineering design and administrative <br /> expenses incurred by the County. <br /> Upon final completion of the project, the City's share of the construction cost will be <br /> based upon actual construction costs. If necessary, adjustments to the initial ninety five <br /> percent (95%) charged to the city will be made in the form of credit or additional charges to the <br /> City's share. Also, the remaining five percent (5%) of the City's portion of the construction <br /> costs shall be paid. <br /> 2. This Amendment is hereby made a part of and shall be amended to the <br /> Agreement of the parties. <br /> 3. All other terms and conditions of the original Agreement and Amendments <br /> shall remain in full force and effect. <br /> -2 - <br /> 68 <br />