Res 2010-118 - Laserfiche WebLink

Home Browse Search

CSJ #0285 -03 -048 RCSJ # District #14 Code Chart 64 #37950 RM 12: Pioneer Farms to San Marcos Baptist Academy CFDA # 20.205 ATTACHMENT A Payment Provision and Work Responsibilities Description of the Work Items The parties agree that the existing water line shall be relocated and adjustments shall be made along RM 12 from Pioneer Farms to San Marcos Baptist Academy. The water line facilities shall be owned, operated, and maintained by Utility from and after completion and final acceptance by the State and Utility. The estimated total construction cost for the relocated and adjusted facilities is $61,837.97. The parties agree that it is their intent to complete the relocation improvements within this estimate of cost. Actual Cost Agreement Utility will be responsible for paying all costs associated with the planning, specification, and estimate (PS &E) development, and construction of the proposed utility work to the extent such is not reimbursed pursuant to state law. All the costs associated with construction of the water line items for the Project shall be provided as defined under the Standard Utility Agreement, Utility Joint Use Agreement, and /or the Agreement to Contribute Funds executed between the State and Utility. Schedule of Payments Prior to beginning work, the Utility shall remit its financial share for the State's estimated construction oversight (5 %) and construction bid item costs ($61,837.97). Utility must advance to the State one hundred percent (100 %) of its share of the estimated Project utility construction costs. The amount to be advanced for the utility improvements is estimated to be $64,930. In the event the State determines that additional funding is required by the Utility at any time during the Project, the State will notify the Utility in writing. The Utility is responsible for 100% of the authorized project cost and any overruns. The Utility will make payment to the State within thirty (30) days from receipt of the State's written notification. Whenever funds are paid by the Utility to the State under this agreement, the Utility will remit a warrant made payable to the "Texas Department of Transportation Trust Fund." The warrant will be deposited by the State in an escrow account to be managed by the State. Until the final project accounting, funds in the escrow account may only be applied by the State to the Project. Upon completion of the Project, the State will perform an audit of the Project costs. Any funds due by the Utility, the State, or the Federal Government will be promptly paid by the owing party. AFA— AFA_Utility Page 7 of 9 Revised 07/20/10