LPA Utility Reimbursement Agreement - City to Pay 20% of Construction Costs for Douglas Road Lift – St. Joseph County Board of Commissions

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SECTION 5 REIMBURSEMENT (a) 0 % of the cost to design and prepare construction plans, specifications and preliminary the LPA. The Utility shall be responsible for 100% of these costs. (b) 80 % of the cost to provide testing and inspection services for relocation of the facilities shall be borne by the LPA, subject to federal reimbursement. The Utility shall be responsible for 20% of the cost to provide testing and inspection services for relocation of the not reimbursed through federal funds. (c) The LPA shall bear 80 , subject to federal reimbursement., and 0% of the cost of betterment items. (See Exhibit . The Utility shall be responsible for 20% of the facilities and 100% of the In addition, the Utility shall be responsible for any The cost of in (c)) shall equal the amount paid by the LPA to the contractor (based upon the actual units of work performed at the unit prices set out in the with the procedure in Section 2. The estimated cost of relocation, including construction and inspection, is $2,549,100.00. (See of all anticipated costs, including but not limited to, materials, labor, and equipment costs.) The estimated cost of non-reimbursable relocation work to the is $ 569,820.00 . The Utility has appropriated, duly made and entered of record, the sum of $ 569,820.00 to apply to the cost of the Project and further agrees to appropriate additional funds if federal reimbursement funds are not available 80% of the relocation and inspection costs as set forth in Section 5. A copy of th SECTION 6 COMPLETION OF PROJECT Upon final acceptance of the contracts work (the construction contract) by INDOT and the LPA, the Utility shall be responsible for maintenance, repair, and/or reconstruction of facilities. SECTION 7 WAIVER In consideration for Utility waives any claim, demand, or expectation it may have in the future against INDOT and/or the LPA based upon any negligent omission and/or commission by facilities. SECTION 8 PAYMENTS Within forty-five (45) days after the contract is awarded, the Utility shall pay the LPA a sum equal of the bid price for construction as stated above in Section 5. If an Advice of Change Order (AC) is approved Project cost, the Utility shall pay the LPA within thirty (30) days a sum equal to one hundred percent (100%) of such increased cost. set forth herein are not reimbursed through federal funds, the Utility shall pay the LPA for any unreimbursed funds within thirty (30) days of receiving notice of the amount due from the LPA. All payments shall be made in arrears in conformance with State fiscal policies and procedures tğŭĻ Ќ ƚŅ Џ