City Council Meeting - Cornelius

Intergovernmental Agreement for Council Creek Trail
Page 2 of 4
Banks, ODOT and Metro.
III.
MTIP FUNDING AND SHARING OF LOCAL AGENCY MATCH COSTS
The Project is estimated at $243,446. MTIP requires a ten (10%) percent Local
Agency match. Therefore, MTIP shall fund $218,444 and the Parties shall fund
the Local Match of $25,002.
Forest Grove, Hillsboro and Cornelius agree that the cost of the Local Agency
match for MTIP funding for the Project shall be apportioned as follows:
Forest Grove: $10,001 40%
Cornelius: $10,001 40%
Hillsboro: $ 5,000 20%
Total Local Match $25,002 100%
The use of Federal funds often requires an additional ten (10%) percent over bid
coverage for the Project. The total Project is estimated to be $243,446 with the
Parties contributing a $25,002 local match plus a 10% overage equaling
approximately $25,002. If needed, this over bid cost shall be borne by the Parties
with contributions based on the following Local Match percentages identified
above - Forest Grove 40%, Cornelius 40% and Hillsboro 20%. Forest Grove
agrees to provide notice of any overages in writing to each party. In no event shall
the Party’s total Project contribution exceed $50,004, unless approved in writing,
in advance by each city (Forest Grove, Hillsboro & Cornelius). Unused Local
Match Funds will be redistributed to each of the Parties in the same proportional
percentage as contributed.
The $25,002 Total Local Match Funds will be collected by Forest Grove within
thirty (30) days of execution of this Agreement. Forest Grove will pay all collected
money to ODOT upon receipt.
IV.
DISPUTE RESOLUTION
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If a dispute arises over the provisions of this Agreement that staff cannot resolve
despite their best efforts, the staff for each entity will immediately refer the
dispute to their respective managers to resolve the dispute.
V. NOTICE OF APPLICATIONS, DECISIONS and APPEALS
VI.
Each of the Parties shall be responsible for adopting any applicable land use
approvals or amendments that relate to the Project, once it has been completed.
TERM OF AGREEMENT