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O-1997-2164
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O-1997-2164
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Last modified
11/2/2016 3:38:59 PM
Creation date
7/26/2006 8:11:01 AM
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Legislative Records
Legislative Type
Ordinance
Date
2/24/1997
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<br />e <br /> <br />e <br /> <br />Article 3. Indirect Cosa Recovery Plan <br /> <br />Chapter 2106 of the Texas Government Code, requires the State to recover indirect costs based on percentage of <br />the State's actual direct cost to complete the Project. The indirect costs will be in accordance with the State's <br />Indirect Cost Recovery Plan and will be based on the City's funding responsibilities provided herein. <br /> <br />Article 4. Funding Arrangement <br /> <br />The City's share of the estimated construction cost for this Project is $ , which includes <br />engineering, contingencies and indirect costs in effect for the fiscal year during which the work is accomplished. <br />Upon execution of this agreement, the City shall provide a check or warrant made payable to the "Texas Department <br />of Transportation" in the amount of $ promptly but no later than seven days after receipt <br />by the State. <br /> <br />If at any time during the contract period established in Article 1, it is determined by the State that the amount <br />previously collected from the City will be insufficient to pay the City's portion of the Project, then the City shall <br />within 30 calendar days of receipt of the State's written notification, forthwith supplement this amount by an amount <br />equal to the City's full estimated or actual share of the cost of the Project less the amount previously paid to the <br />State. <br /> <br />In the event that the amount paid by the City is more than the actual cost of the City's share, as herein established, <br />then the excess amount will be returned to the City. <br /> <br />Article 5. Control and Ownership of the Project <br /> <br />The Project is recognized to be an integral part of the State Highway System, and is, therefore under the ownership, <br />control and jurisdiction of the State. The State assumes full and complete control as to the development, <br />construction, maintenance and operation of the Project. The State does not purport to conveyor assign any interest <br />or right of ownership of the completed highway facility to the City, its successors or assigns. The Project may be <br />modified, relocated, closed and/or removed at the sole discretion of the State without notice to or approval by the <br />City. <br /> <br />Article 6. Amendments <br /> <br />Any changes in the character, scope, agreement provisions or obligations of the parties hereto shall be enacted by <br />written agreement and executed by both the State and the City. <br /> <br />Article 7. Termination <br /> <br />This agreement may be terminated for any of the following reasons. <br /> <br />1) By satisfactory completion and acceptance of the Project by the State. <br /> <br />2) By mutual agreement and consent of both parties. <br /> <br />3) By either party upon the failure of the other party to fulfill the obligations set forth herein. <br /> <br />4) At the sole discretion of the State for reasons of its own and not subject to consent by the other <br />party if the State determines that completion of the Project is not in the best interest of the State. <br />\; <br /> <br />If this agreement is terminated in accordance with the above provisions, the City will be responsible for the payment <br />of Project costs incurred by the State on behalf of the City up to the time of termination. Any unencumbered funds <br />remaining after termination may be returned to the City. <br />
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