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Agreement No, PW 52-08-96 <br />CSAH 15; C.P. 9222 <br />costs for the contract work on said Project and that the unit prices set forth <br />in the Contract with the successful bidder and the final quantities as <br />measured by the County shall govern in computing the total final Contract <br />construction cost for apportioning the cost of said Project according to the <br />provisions herein. <br />In addition to payment of the City’s p-oportionate share of the contract <br />construction costs, the City also agrees to pay to the County a sum equal to <br />pighteen (18%) percent of the amount computed as the City’s share of the <br />Lur.tract construction costs for the Project. It is understood that said <br />add.tional payment by the City is its proportionate share of all engineering <br />costs incurred by the County in connection with the work performed under this <br />Agreement. <br />VII <br />After an award by the County to the successful bidder, the County shall <br />invoice the City and the City shall deposit with the Hennepin County <br />Treasurer, ninety five (95) percent of the estimated City share in the <br />contract construction and engineering costs for C.P. 9222. Payment shall be <br />made to the County by the City for the full amount due stated on the invoice <br />within forty five (45) days of the invoice dete. Said estimated City share <br />shall be based on actual contract unit prices applied to the estimated <br />quantities shown in the plans. <br />In the event the County Engineer or his staff determines the need to <br />amend the contract with a supplemental agreement or change order which results <br />in an increase in the contract amount, the City hereby agrees to remit within <br />forty five (45) days of notification by the County of said change an amount <br />equal to ninety five (95) percent of the estimated City share as documented in <br />the supplemental agreement or change order. <br />The remainder of the City’s shares in the engineering cost and contract <br />construction costs, including additional costs resulting from supplemental <br />agreements and change orders, will be due the County upon the completion of <br />the Project and submittal to the City of the County Engineers final estimate <br />for the Project. <br />- 4 -