AG 1999 05 17 - Laserfiche WebLink

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4. CONCORD will perform routine, preventive and emergency maintenance and repair for the entire PROJECT after completion. 5. CABARRUS agrees to recover assessment fees for the PROJECT as outlined in "WATER CHARGES FOR TI--rE BOC/CORNING CDBG-ED PROJECT" (Exhibit AA). 6. WSACC will administer the engineering design and construction of the PROJECT with input, assistance, and written approval from CONCORD of reports, design, contractor selection or any other aspects of the PROJECT that will affect operation, maintenance, delivery rates and pressures, future extensions, etc. CONCORD will provide construction management and inspection of the PROJECT. WSACC will not be responsible materially or financially for any deficiencies or faults of the PROJECT. 7. WSACC was responsible for bidding, awarding contract for construction, and paying the contractor for Phase 1 of the PROJECT. CONCORD agrees to reimburse WSACC the costs of construction of Phase 1 of the PROJECT (Exhibit DD), as part of CONCORD'S total funding commitment to the PROJECT. 8. WSACC shall be responsible for bidding, awarding contract for construction, and paying the contractor for Phase 2 of the PROJECT. CABARRUS shall reimburse WSACC 66.7% of the monthly payments, paid by WSACC, for construction. CONCORD shall reimburse WSACC 33.3% of the monthly payments, paid by WSACC, for construction. 9. WSACC shall send the monthly construction and engineering bills to CABARRUS so that CABARRUS can process requests for reimbursement by CDBG. i0. After final acceptance of the PROJECT, and payment in full to the engineer and contractor, a final settlement will be made among CABARRUS, CONCORD and WSACC to reflect the actual total PROJECT costs in accordance with the following funding terms: CABARRUS and CONCORD agree to fund the total costs of the PROJECT above the CDBG amount and each will fund fifty percent (50%) of the costs above the CDBG amount with a limit to CONCORD'S share of funding being $1,121,666 based on the projected revenue from the PROJECT. Total PROJECT costs include engineering, construction, right-of-way, legal and any related out-of-pocket costs, but does not include any internal costs such as employee salar/es that may have been incurred by CABARRUS, CONCORD or WSACC. CABARRUS has executed this Agreement the day of , 199 _; CONCORD has executed this Agreement the day of , 199 ; and WSACC has executed this Agreement the day of , 199___ CABARRUS COUNTY By: Chairman, Cabarms County Board of Commissioners 2