CA DEPT TRANSPORTATION 17 - 2006

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District Agreement No. 530 3. To deposit with STATE within twenty-five (25) days of receipt of billing therefore, the amount of $110,000, which figure represents CITY's share of the total estimated cost of the PROJECT PA&ED and PS&E. 4. To deposit with STATE within twenty (20) days of receipt of billing (which billing will be forwarded fifteen (15) days prior to STATE's bid advertising date of a construction contract for PROJECT), the amount of $115,000. Said figure represents CITY's estimated initial deposit for one (1) month estimated construction capital cost ($45,000) and the total estimated cost of construction engineering ($70,000) required to complete PROJECT. To deposit with STATE not later than ten (10) working days preceding the beginning of each month, the estimated expenditures for that month, and to continue making such advance deposit on a monthly basis until completion of PROJECT construction. 6. CITY's initial total obligation for the costs of SERVICES is estimated to be $180,000. This amount is subject to being increased to cover the costs of. a.) additional utility protection, relocation, or removal as provided in Article 13 of Section III of this Agreement, b.) for remedy and/or remedial action of hazardous substance or contaminated sites, c.) the protection of cultural, archaeological, paleontological, or other protected materials as is provided for in Articles 14 and 15 of Section III of this Agreement. Upon receipt of STATE's complete PROJECT accounting report and supplementary invoice with supporting information, CITY will endeavor to notify STATE in writing within seven (7) working days but in no event more than thirty (30) days, of those charges with which CITY disagrees. 8. To make supplemental payments when required within twenty (20) calendar days after receipt of invoice. 9. To pay STATE any amount over the aforementioned payments required to complete CITY's financial obligation assumed pursuant to this Agreement after completion of all work and within twenty-five (25) working days after receipt of a detailed statement made upon final accounting of costs. 10. Upon execution of this Agreement, to certify that funds are budgeted for the total PROJECT cost. 11. STATE's construction contract claims process will be used for all PROJECT related claims by the construction contractor (with STATE acting as the lead agency in consultation with CITY and CITY shall abide by the outcome of said process. In the event that arbitration under the provisions of Public Contract Code section 10240 et seq. results from that contract claims process, STATE will act as lead agency in said arbitration unless otherwise mutually agreed to by STATE and CITY. Revised June 27, 2005 edition 4