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<br />( <br /> <br />( <br /> <br />( <br /> <br />~mEREAS, it is considered in the public's best interest <br /> <br />for the State to provide the control and interface equipment to <br /> <br />operate the-EVP System: and <br /> <br />WHEREAS, the City and the State will share in the cost, <br /> <br />construction, revision, maintenance, operation and removal of the <br /> <br />EVP System as hereafter seot forth: <br /> <br />NOW, THEREFORE, IT IS AGREED AS FOLLOWS: <br /> <br />1. Costs of EVP System control and interface <br /> <br />equipment, cables, detectors and lights for the existing traffic <br /> <br />control signal provided for herein shall be paid by the City at <br /> <br />its sole cost and expense. <br /> <br />2. The State with its own forces and equipment or by <br /> <br />contract shall install the EVP System in accordance with State <br /> <br />Project No. 6216-104 and State Aid Project No.'s 62-623-32, <br /> <br />160-216-07 and 160-226-03 on Trunk Highway No. 51 (Snelling <br /> <br />Avenue) at Lydia Avenue. Estimated Construction Cost is <br /> <br />$4,220.00 which includes State furnished materials. City's share <br /> <br />is 100 percent. <br /> <br />3. Upon execution of this agreement and a request in <br /> <br />writing by the State, the City shall advance to the State an <br /> <br />amount equal to its portion of the project cost. The City's <br /> <br />total portion shall consist of the sum of the following: <br />a) The City's share (as specified in Paragraph 2 <br /> <br />based on the actual bid price and the <br /> <br />estimated S~ate furnished materials costs. <br /> <br />S.A. #1 to <br />64296 <br />-2- <br /> <br />I~ <br />