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4. Upon execution of this agreement; award o� �he <br />C.onstr�ction Contrac�, and receip� �f S�a�e's wri�ten �equest, <br />�he County and City will make an advance paymen� ta the State o� <br />their project costs. �he Co�nty's and C��y's prajec� co��s will <br />be the sum of the �o��owing: <br />a. �he Ctiu��y's and Ci�y's share (as <br />specified in Paragraph 3), based on the <br />actual bid pric�a and the lump s�� S�a�e <br />F���ished Ma����al c�st�. <br />b. E�gh� percen� of their �hare [Itern (a} <br />above� for the cost of Engineering and <br />Insp�ction. <br />5. Upan completion and final Sta�e a�cep�ance of �he <br />praject, the County's .and City's final project costs w��� be �he <br />sum of �he following: <br />a. �he County's and City's share (as �pecified <br />�n �aragraph 3), based o� the actual <br />Cons��uctia� Cost a�d the ���p sum State <br />� <br />Furnished Materia�s costs. <br />b. Eight percent o� their fina� sha�e [�te� (ai <br />above] �or the cost o� �ngi�eeri�g �nd . <br />Tn�p�ction. <br />6. The Coun�y'� ���irna�ed �n�a1 Con��ruc�ion Co�t <br />share.and Co��truction Eng�neer�ng cas� �s $57,499.2Q, a� show� <br />in the attached P��liminar�r SCHEDU�� "I.�' The Ci�y`s estimated <br />a� �otal Construc�ian Cos� sha�e and Cans��uction Engineering cost � <br />�b_ <br />90216R <br />