Common use of Project Cost Sharing Clause in Contracts

Project Cost Sharing. DISTRICT and CITY shall each pay fifty percent (50%) of the costs associated with the investigation, design, plans, specifications and construction of the Pool House Repair Project which includes the damage Assessment Report that was performed in April 30, 2012 and all associated deconstructive testing and investigation (“Pool House Repair Project Costs”). DISTRICT shall be responsible for direct payment of all costs associated with the Pool House Repair Project. Total project costs are currently estimated at $2,200,000.00, including contingencies. The total contribution by CITY shall not exceed $1,100,000.00. DISTRICT shall notify CITY at least five business days in advance of executing any construction change orders in excess of $5,000 in accordance with Section 1(e) of the Agreement. DISTRICT shall notify CITY monthly about all executed contract changes, and contractor claims for additional compensation. At the beginning of each month, DISTRICT shall submit invoices to the CITY for costs expended in the prior month. CITY shall reimburse DISTRICT within thirty