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Shoreview to be reimbursed for engineering expenses by Roseville. The attached agreement delineates 33 project and payment responsibilities related to the project. This agreement has been reviewed by the 34 City Attorney. 35 FI INANCIALMPACTS 36 Each City will pay for their own portion of the project construction within their City boundaries, which 37 will be approximately a 50-50 split of the project costs. Shoreview will provide engineering services 38 and Roseville will reimburse them for our share. It is estimated that the roadway portion of this project 39 will cost about $1.3 million. These costs would be split equally. It is proposed that the cost of the 40 project be financed with Municipal State Aid funds and special assessments. The following is a 41 summary of the preliminary estimated costs and financing for the reconstruction of County Road D: 42 43 Shoreview $650,000 Roseville Special Assessments $162,500 Roseville MSA Funds $487,500 Total $1,300,000 44 SR TAFF ECOMMENDATION 45 Staff recommends that the City Council approve a resolution authorizing the preparation of a feasibility 46 report for County Road D Reconstruction 47 And 48 Staff recommends that the City Council approve the Street Reconstruction Agreement with the City of 49 Shoreview for the County Road D Reconstruction project. 50 RCA EQUESTEDOUNCILCTION 51 Approve resolution authorizing the preparation of a feasibility report for the County Road D 52 Reconstruction project. 53 And 54 Approve the Street Reconstruction Agreement with the City of Shoreview for the County Road D 55 Reconstruction project. 56 Prepared by: Debra Bloom, City Engineer Attachments: A: Resolution B. Agreement Page 2 of 2