Laserfiche WebLink
WHEREAS, once completed, the improvements will enhance the streets' <br /> drivability, visual appearance, accessibility, and drainage, <br /> NOW, THEREFORE, based upon the foregoing Recitals, and for good and <br /> valuable consideration, the receipt and sufficiency of which is acknowledged by all <br /> Parties, the Parties agree as follows: <br /> 1. Mesa Water shall perform and/or contract for the tasks and obligations <br /> including all labor, materials, tools, equipment, and incidental customary work required to <br /> fully and adequately complete the Project. As a material component of this Agreement, <br /> City will reimburse Mesa Water for the costs associated with the Project area square <br /> footage identified in Project Location Map (Exhibit A) and Cost Estimate (Exhibit B) (the <br /> "City Contribution") in an amount equal to 30% of the total completed construction costs <br /> plus administrative costs of the Project, but in no event shall City's 30% share exceed <br /> $897,000.00 or Mesa Water's share exceed $1,949,000, as detailed in Exhibit B. Should <br /> Mesa Water receive grant funding applicable to the Project cost, such funds will be <br /> allocated to the total construction costs of the Project and each Party's share of <br /> construction costs funding shall be proportionately reduced. Any offset to the Project <br /> costs due to the receipt of grant funding shall require Mesa Water to refund each Party's <br /> proportional share of the construction costs, as may be reduced by such grant funding. <br /> 2. Mesa Water is responsible for initially funding that portion of the Project <br /> within the City limits, as set forth in Exhibit B. Upon completion of the Project, Mesa Water <br /> will provide the City with a copy of the completed and filed Notice of Completion. Mesa <br /> Water shall provide the City with an accounting of all Project costs and shall provide <br /> copies of contract invoices and related documentation upon request. Within forty-five <br /> (45) days of receipt of such Project costs accounting the City shall provide payment to <br /> Mesa Water of 30% of the Project construction costs. <br /> 3. Mesa Water will act as the Project lead and organizer, and is responsible <br /> for design, bidding, and construction administration of the Project. <br /> 4. City will coordinate the relocation of all affected utility company facilities <br /> within the City limits to facilitate the completion of the Project in a timely manner. <br /> 5. City and Mesa Water shall extend to each other cooperation and proceed <br /> under this Agreement in a good faith manner to facilitate timely completion of the Project <br /> and comply with the terms hereof. The Parties agree that when any component of this <br /> Project is subject to the approval of the City or Mesa Water, such approval shall not be <br /> unreasonably withheld. <br /> 6. City will issue a new Permit applicable to Project work ("Project Permit"). <br /> The 2021 Permit may be closed upon action by the Mesa Water Board of Directors ("Mesa <br /> Water Board") of a construction contract for Project work. Such Project Permit will be <br /> promptly issued at no cost to Mesa Water or its contractor. <br /> z <br /> Cooperative Cost Reimbursement Agreement for Croddy Way Street Improvements Project_2025_0227 <br />