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<br /> 2 <br />NOW, THEREFORE, it is hereby declared and agreed as follows: <br /> <br />1. Cooperation. The City of Long Lake and the City Orono shall cooperate in the <br />development and construction of the roadway improvement project, known as “Watertown Road <br />Improvement Project” (“Project”). The cooperate development is pursuant to Minn. Stat. <br />§471.59 et. seq. and other applicable statutes and express and implied powers of the parties. The <br />power and responsibilities with respect to such joint endeavor shall be exercised by the Cities, <br />through their City Councils and authorized designees. <br />2. Location. The location of the project shall be set forth in Long Lake and Orono as <br />depicted on the attached Exhibit A. <br />3. Duties. By this agreement, Long Lake may exercise powers towards the <br />implementation and completion of the Project on behalf of itself and on behalf of the City of <br />Orono; and Long Lake shall comply with the requirements of Minn. Stat. §429.011 et seq., <br />including but not limited to: <br /> a. Ordering and preparing of all matters relative to the study and report of <br />feasibility on the proposed improvement, including an engineering and feasibility <br />report, prepare plans and specifications, hiring an appraiser, determining the <br />proposed area to be assessed and all related matters in the 429 process. <br /> <br /> b. Long Lake shall, by this agreement, be permitted to award project contract <br />work in both cities of Long Lake and Orono. Both councils of Long Lake and <br />Orono shall approve the ordering of the project following completion of the items <br />in Paragraph (a) above. <br /> <br />4. Financial Duties. Long Lake and Orono acknowledge that the improvements will <br />provide benefit to the abutting and non-abutting properties in both Long Lake and Orono. The <br />anticipated project costs is $1,752,500.00. Financing of the project shall be as follows: <br /> a. Orono Financial Obligations. Orono shall contribute to 29.5% of the feasibility <br />report, 29.5% of a surface, storm sewer storm water management, construction <br />administration and materials testing costs up to $133,800. <br /> <br /> b. Long Lake Financial Obligations. Long Lake shall be responsible for all other <br />Entire Council Packet 05/26/15 [Page 333 of 378]