Res 1977-003 - Laserfiche WebLink

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I NOW THEREFORE, it is understood that this proposed work will be constructed by the State and the City will transmit to the State with the return of this agreement, execl1ted by the City, a warrant or check made payable to the State Treasurer, Account of Trust Fund No,. 927 in the amount of Fifty Two Thousand Five Hundred and No/lOO Dollars ($52,500.00), to be used in paying for the proposed work required by the City in the City of San Marcos. It is further understood that the State will construct only those items for the City as requested 'and required by the City and the entire cost of such items, excluding preliminary engineering, will be borne by the City. If the State elects to receive bids and if upon receipt of bids by the State andlor the actual construction and/or approved changes in the contemplated improvements it is found that this amount is insufficient to pay the City's portiQn, then the City upon request' of the State will forthwith supplement this amount by an amount equal to the City's full estimated or actual share of the cost of this work less the amount previously paid into Trust Fund No. 927. In the event the amount as paid is more than the actual cost, then the excess amount will be returned to the City. It is further understood that the work to be done on behalf of the City, as herein provided, will include the cost of contingencies and construction engineering. It is further understood that the City by the execution of this agreement agrees to the terms and conditions of Commission Minutes Numbered 70304, 70839, 70840 and 70923, as they apply to the City, copies of I . 2.