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60-087
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Last modified
1/3/2012 12:37:18 PM
Creation date
6/26/2003 10:27:35 AM
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Template:
City Clerk
Doc Type
Resolution
Doc #
60-87
Date
5/2/1960
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1 <br /> <br /> $ <br /> <br /> 6 <br /> <br /> 7 <br /> <br />10 <br /> <br />11 <br /> <br /> 12 <br /> <br /> 15 <br /> <br /> 16 <br /> <br /> 17 <br /> <br /> 18 <br /> <br /> 19 <br /> <br /> 20 <br /> <br /> 21 <br /> <br /> 22 <br /> <br />25 <br /> <br /> 25 <br /> <br /> 27 <br /> <br /> 28 <br /> <br />29 <br /> <br />50 <br /> <br />Exhibit "B". Said costs shall be computed as the percentage of <br />the land area required for the extension of Fourth Street bears <br />to the total land area acquired applied to the total cost of the <br />parcel including land, improvemer~ and damages less salvage <br />obtained from removal of Lmprovements from parcel but including <br />any costs incurred in demolishing improvements and clearing the <br />site. In addition to pay that portion of the overhead incurred <br />by State for the acquisition of that property required by the <br />City, including but not limited to legal ove~ead, expert witness <br />fees, and indirect overhead charges, baaed on City's share of the <br />cost of the right of way to the total cost of right of way. <br /> <br /> 3. Assume cost of the reconstruction or reloca- <br />tion of any public utility facilities lying within the area <br />required for said extension of Fourth Street, plus State engineer- <br />ing costs pertaining thereto. <br /> <br /> 4. Assume cost of Policy of Title Insurance in <br />favor of City, if desired. <br /> <br /> 5. If, upon completion of right of way acquisi- <br />tion herein provided for, City's share is found to be larger than <br />cash amount advanced by City, as provided for herein, City agrees <br />to forward to State within sixty days following written notice <br />the difference between cash amount advanced by City and if City's <br />share of actual cost is less than cash amount advanced to State <br />by City, the difference shall be returned to City by State. <br /> <br /> 6. To save the State harmless from any and all <br />claims for compensation for alleged damages by reason of City's <br />extension and reconstruction of Fourth Street in the manner pro- <br />posed. <br /> <br /> 5- <br /> <br /> <br />
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