Funding Contribution from the CITY. The CITY agrees to contribute $7,500,000.00 towards the Project. from local (non-federal) funding sources available to the CITY. The CITY shall be responsible for the preliminary engineering costs and shall hire a consultant and make direct payments to the consultant for such costs. The CITY shall make a one-time lump sum payment of the remaining $7,500,000.00 thirty (30) days from the date of letting and prior to the issuance of the Notice to Proceed to INDOT. The Notice to Proceed will not be issued until INDOT has received the CITY’s contribution. Any delay claims caused by the CITY’s failure to make its payment within thirty (30) days of letting will be the sole responsibility of the CITY.
Funding Contribution from the CITY. The CITY shall make a one-time lump sum payment in the amount of $400,000.00 to INDOT thirty (30) days after letting but prior to the issuance of the Notice to Proceed. Any additional expenses for enhancements that are requested by the CITY and were not within the original Project scope shall be the sole responsibility of the CITY. The CITY shall remit payment to INDOT within thirty (30) days of receipt of the invoice from INDOT for any additional expenses for enhancements outside the original Project scope.
Funding Contribution from the CITY. The CITY shall make a one-time lump sum payment to INDOT in the amount of $1,300,000.00 for the construction costs for the Revised Project thirty (30) days after the date of letting and prior to the issuance of the Notice to Proceed.
Funding Contribution from the CITY. The CITY agrees to contribute preliminary costs in an estimated amount of $3,200,000.00 towards the Project from local (non-federal) funding sources available to the CITY. The CITY shall be responsible for the preliminary engineering, including right-of-way engineering, environmental, design, survey and utility coordination costs, and shall hire a consultant and make direct payments to the consultant for such costs. The CITY shall be financially responsible for all change orders for the preliminary engineering, provided the CITY approves and agrees to the change orders in writing. The CITY shall also be solely responsible for any and all costs for aesthetics in an estimated amount of $1,196,500.00, including any and all change orders related to the aesthetic improvements and as approved by the CITY in writing prior to the incurrence of the obligation. The CITY shall make a one-time lump sum payment to INDOT in the amount of $1,196,500.00 for the costs of the aesthetics thirty (30) days after the date of letting and prior to the issuance of the Notice to Proceed.
Funding Contribution from the CITY
