Common use of ESTIMATED COST OF PROJECT Clause in Contracts

ESTIMATED COST OF PROJECT. A. The estimated cost of construction of the Improvement covered by this Agreement, exclusive of the cost of right-of-way or easement acquisition, is FIVE HUNDRED THIRTY-SIX THOUSAND SEVEN HUNDRED TEN AND 00/100 DOLLARS ($536,710.00). B. The cost of making the Improvement shall include: (1) Labor and material used in making the Improvement; and (2) Such other expenses which are necessary in making the Improvement, exclusive of the cost of acquiring real property and any improvement thereon for the location of the Improvement. These expenses include but are not limited to design, project administration, construction inspection, material testing and utility relocations. C. The cost of making the said Improvement shall be distributed between the Parties as follows: (1) LEAWOOD shall pay 20% of the local share of said Improvement (estimated to be $107,342.00). (2) OVERLAND PARK shall pay 80% of the local share of said Improvement (estimated to be $429,368.00). (3) Each Party shall acquire and pay all costs associated with the right-of-way or easement acquisition for that portion of the project located within its respective boundary. Additionally, each Party shall pay the cost of financing and/or bonding its share of the project cost.

Appears in 1 contract

Samples: Public Improvement Agreement

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ESTIMATED COST OF PROJECT. A. The estimated cost of construction of the Improvement covered by this Agreement, exclusive of the cost of right-of-way or easement acquisition, is FIVE SIX HUNDRED THIRTY-SIX TWENTY THOUSAND SEVEN EIGHT HUNDRED TEN THIRTY AND 00/100 DOLLARS ($536,710.00620,830.00). B. The cost of making the Improvement shall include: (1) Labor and material used in making the Improvement; and (2) Such other expenses which are necessary in making the Improvement, exclusive of the cost of acquiring real property and any improvement thereon for the location of the Improvement. These expenses include but are not limited to design, project administration, construction inspection, material testing and utility relocations. C. The cost of making the said Improvement shall be distributed between the Parties as follows: (1) LEAWOOD OLATHE shall pay 2010% of the local share of said Improvement (estimated to be (2) OVERLAND PARK shall pay 90% of the local share of said Improvement (estimated to be $107,342.00). (2) OVERLAND PARK shall pay 80% of the local share of said Improvement (estimated to be $429,368.00558,747.00). (3) Each Party shall acquire and pay all costs associated with the right-of-way or easement acquisition for that portion of the project located within its respective boundary. Additionally, each Party shall pay the cost of financing and/or bonding its share of the project cost.

Appears in 1 contract

Samples: Public Improvement Agreement

ESTIMATED COST OF PROJECT. A. The estimated cost of construction of the Improvement covered by this Agreement, exclusive of the cost of right-of-way or easement acquisition, is FIVE TWENTY-THREE THOUSAND ONE HUNDRED THIRTYEIGHTY-SIX THOUSAND SEVEN HUNDRED TEN TWO AND 00/100 80/100 DOLLARS ($536,710.0023,182.80). B. The cost of making the Improvement shall include: (1) Labor and material used in making the Improvement; and (2) Such other expenses which are necessary in making the Improvement, exclusive of the cost of acquiring real property and any improvement thereon for the location of the Improvement. These expenses include but are not limited to design, project administration, construction inspection, material testing and utility relocations. C. The cost of making the said Improvement shall be distributed between the Parties as follows: (1) LEAWOOD shall pay 2050% of the local share of said Improvement (estimated to be $107,342.0011,591.40). (2) OVERLAND PARK shall pay 8050% of the local share of said Improvement (estimated to be $429,368.0011,591.40). (3) Each Party shall acquire and pay all costs associated with the right-of-way or easement acquisition for that portion of the project located within its respective boundary. Additionally, each Party shall pay the cost of financing and/or bonding its share of the project cost.

Appears in 1 contract

Samples: Public Improvement Agreement

ESTIMATED COST OF PROJECT. A. The total estimated cost of construction of for the Improvement covered by this AgreementAgreement is, exclusive of the cost of rightSIX HUNDRED NINETY-of-way or easement acquisition, is FIVE HUNDRED THIRTY-SIX THREE THOUSAND SEVEN HUNDRED TEN AND 00/100 DOLLARS ($536,710.00693,000.00). B. The cost of making the Improvement shall include: (1) Labor and material used in making the Improvement; and (2) Such other expenses which are necessary in making the Improvement, exclusive of the cost of acquiring real property and any improvement thereon for the location of the Improvement. These expenses include but are not limited to design, project administration, construction inspection, material testing and utility relocations. C. The final actual cost of making the said Improvement shall be distributed between the Parties as follows: (1) LEAWOOD LENEXA shall pay 2054% of the local share of said Improvement (estimated to be THREE HUNDRED SEVENTY-ONE THOUSAND AND 00/100 DOLLARS ($107,342.00371,000.00)). (2) OVERLAND PARK shall pay 8046% of the local share of said Improvement (estimated to be THREE HUNDRED TWENTY-TWO THOUSAND AND 00/100 DOLLARS ($429,368.00322,000.00)). (3) Each Party shall acquire and pay all costs associated with the right-of-way or easement acquisition for that portion of the project located within its respective boundary. Additionally, each Party shall pay the cost of financing and/or bonding its share of the project cost.

Appears in 1 contract

Samples: Public Improvement Agreement

ESTIMATED COST OF PROJECT. A. The estimated cost of construction of the Improvement covered by this Agreement, exclusive of the cost of right-of-way or easement acquisition, is FIVE EIGHT HUNDRED THIRTYTWENTY-SIX THREE THOUSAND SEVEN EIGHT HUNDRED TEN SIXTY-EIGHT AND 00/100 DOLLARS ($536,710.00823,868.00). B. The cost of making the Improvement shall include: (1) Labor and material used in making the Improvement; and (2) Such other expenses which are necessary in making the Improvement, exclusive of the cost of acquiring real property and any improvement thereon for the location of the Improvement. These expenses include but are not limited to design, project administration, construction inspection, material testing and utility relocations. C. The cost of making the said Improvement shall be distributed between the Parties as follows: (1) LEAWOOD shall pay 2050% of the local share of said Improvement (estimated to be $107,342.00411,934.00). (2) OVERLAND PARK shall pay 8050% of the local share of said Improvement (estimated to be $429,368.00411,934.00). (3) Each Party shall acquire and pay all costs associated with the right-of-way or easement acquisition for that portion of the project located within its respective boundary. Additionally, each Party shall pay the cost of financing and/or bonding its share of the project cost.

Appears in 1 contract

Samples: Public Improvement Agreement

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ESTIMATED COST OF PROJECT. A. The estimated cost of construction of for the Improvement covered by this Agreement, exclusive of the cost of right-of-way or easement acquisition, is FIVE HUNDRED THIRTY-SIX THOUSAND SEVEN HUNDRED TEN AND Sixty- eight Thousand Three Hundred and 00/100 DOLLARS ($536,710.0068,300.00). B. The cost of making the Improvement shall include: (1) Labor and material used in making the Improvement; and (2) Such other expenses which are necessary in making the Improvement, exclusive of the cost of acquiring real property and any improvement thereon for the location of the Improvement. These expenses include but are not limited to design, project administration, construction inspection, material testing and utility relocations. C. The local share of the cost for construction of making the said Improvement shall be distributed between the Parties as follows: (1) LEAWOOD PRAIRIE VILLAGE shall pay 20% an estimated amount of Forty-three Thousand One Hundred Ten and 00/100 Dollars ($43,110.00) of the local share of said Improvement (estimated to be $107,342.00)Improvement. (2) OVERLAND PARK shall pay 80% an estimated amount of Twenty-five Thousand One Hundred Ninety and 00/100 Dollars ($25,190.00) of the local share of said Improvement (estimated to be $429,368.00)Improvement. (3) Each Party shall acquire and pay all costs associated with the right-of-way or easement acquisition for that portion of the project located within its respective boundary. Additionally, each Party shall pay the cost of financing and/or bonding its share of the project cost.

Appears in 1 contract

Samples: Public Improvement Agreement

ESTIMATED COST OF PROJECT. A. The estimated cost of construction of the Improvement covered by this Agreement, exclusive of the cost of right-of-way or easement acquisition, is FIVE ONE MILLION ONE HUNDRED THIRTY-SIX THOUSAND NINETY THOUAND ONE HUNDRED SEVEN HUNDRED TEN AND 00/100 DOLLARS ($536,710.001,190,107.00). B. The cost of making the Improvement shall include: (1) Labor and material used in making the Improvement; and (2) Such other expenses which are necessary in making the Improvement, exclusive of the cost of acquiring real property and any improvement thereon for the location of the Improvement. These expenses include but are not limited to design, project administration, construction inspection, material testing and utility relocations. C. The cost of making the said Improvement shall be distributed between the Parties as follows: (1) LEAWOOD MERRIAM shall pay 2050% of the local share of said Improvement (estimated to be $107,342.00595,053.50). (2) OVERLAND PARK shall pay 8050% of the local share of said Improvement (estimated to be $429,368.00595,053.50). (3) Each Party shall acquire and pay all costs associated with the right-of-way or easement acquisition for that portion of the project located within its respective boundary. Additionally, each Party shall pay the cost of financing and/or bonding its share of the project cost.

Appears in 1 contract

Samples: Public Improvement Agreement

ESTIMATED COST OF PROJECT. A. The estimated cost of construction of the Improvement covered by this Agreement, exclusive of the cost of right-of-way or easement acquisition, is FIVE ONE MILLION ONE HUNDRED TWO THOUSAND THIRTY-SIX THOUSAND SEVEN HUNDRED TEN ONE AND 00/100 90/100 DOLLARS ($536,710.001,102,031.90). B. The cost of making the Improvement shall include: (1) Labor and material used in making the Improvement; and (2) Such other expenses which are necessary in making the Improvement, exclusive of the cost of acquiring real property and any improvement thereon for the location of the Improvement. These expenses include but are not limited to design, project administration, construction inspection, material testing and utility relocations. C. The cost of making the said Improvement shall be distributed between the Parties as follows: (1) LEAWOOD shall pay 2044.0% of the local share of said Improvement (estimated to be $107,342.00485,225.50). (2) OVERLAND PARK shall pay 8056.0% of the local share of said Improvement (estimated to be $429,368.00616,806.40). (3) Each Party shall acquire and pay all costs associated with the right-of-way or easement acquisition for that portion of the project located within its respective boundary. Additionally, each Party shall pay the cost of financing and/or bonding its share of the project cost, if applicable.

Appears in 1 contract

Samples: Public Improvement Agreement

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