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1974
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1974
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CITY CLERK
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0 <br />NOW THEREFORE, it is understood that this proposed work will <br />be constructed by the State and the City will transmit to the State <br />with the return of this agreement, executed by the City, a warrant <br />or check made payable to the State Treasurer, Account of Trust Fund <br />No. 927 in the amount of One Hundred Twenty Five Thousand Eight <br />Hundred and No /100 Dollars ($125,800.00), to be used in paying for <br />the proposed work required by the City in the City of Paris. It <br />is further understood that the State will construct only those items <br />for the City as requested and required by the City and the entire <br />cost of such items, excluding preliminary engineering, will be borne by <br />the City. If the State elects to receive bids and if upon receipt <br />of bids by the State and /or the actual construction and /or approved <br />changes in the contemplated improvements it is found that this <br />amount is insufficient to pay the City's portion, then the City <br />upon request of the State will forthwith supplement this amount <br />by an amount equal to the City's full estimated or actual share <br />of the cost of this work less the amount previously paid into <br />Trust Fund No. 927. In the event the amount as paid is more <br />than the actual cost, then the excess amount will be returned to <br />the City. It is further understood that the work to be done on <br />behalf of the City, as herein provided, will include the cost of <br />contingencies and construction engineering. It is further under- <br />stood that the City by the execution of this agreement agrees to <br />the terms and conditions of State Highway Commission Minute No. <br />2. <br />
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