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JOINT POWERS AGREEMENT THIS AGREEMENT is entered into between the Capitol Region Watershed District a Minnesota watershed district established unde r the authority of Minnesota Stat utes Chapter 103D (the CRWD), and the city of Roseville, a municipa l corporation under the laws of th e State of Minnesota (the City), pursuant to the provisions of Minn. Stat. §103D.335, subd. 2, and §471.59. Recitals WHEREAS, the CRWD and the City have been planning to conduct restor ation and maintenance improvements to the Villa Park Wetland System by completing the Villa Park Wetland Restoration Project (the Project); and WHEREAS, the Project contem plates and includes wetland re storation, sediment dewatering, sediment disposal and site restoration; and WHEREAS, the Project has been identified in the “Villa Park Wetland System Management Plan” report dated May 21, 2009, and prep ared by Wenck Asso ciates, Inc.; and WHEREAS, these restoration and maintenance improvements are proposed at the Villa Park Wetland System adjacent to the Cohansey Boulevard and Crescent Lane intersection in the city of Roseville, See Exhibit “A”; and WHEREAS, the City and the CRWD have agreed to participate in financing the total cost of the Project, and such participation fo r the City as is defined herein. NOW, THEREFORE, in consideration of the mutual promises and benefits that each party shall derive herefrom, the parties agree as follows: 1. Purpose. The purpose of this Agreemen t is to define the funding shares, direction, management and control, contracti ng, supervision, and lia bility of the parties in connection with the Project. 2. Funding. Pursuant to estimates prepared by HDR, Inc. dated November 16, 2012 (See Exhibit “B”) the preliminary estimate of the co st of the Project is $1,694,075.03. The CRWD shall be responsible for payment of the sum of $1,294,075.03. The City shall pay $400,000, subject to the provisions of paragraph 3. 3. Cost Overrun. Regardless of actual cost , the City’s maximum contribution shall be $400,000.00. The CRWD shall be responsible for additional costs not paid by the City. 4. Project Management. The CRWD shall manage and direct the Projec t on its own behalf and on behalf of the City. The CRWD shall cause to be prepared all co nstruction plans and specifications; shall prepare bid specifications and let the Projec t for public bidding; shall award the construction and