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8.1. SR 02-22-1999 . . . February 22, 1999 File: 800110J-0069 /tJ~ q\ . ~Ityvl q I CITY OF ELK RIVER-SHERBURNE COUNTY CSAH 12/CSAH 13 FUNDING AGREEMENT The City of Elk River and Sherburne County agree to the following conditions regarding the funding of CSAH 12 and CSAH 13: 1. Sherburne County will place its' CSAH 13 designation on the newly constructed road north of CSAH 12 and turn back to the City of Elk River the existing CSAH 13 alignment. The existing CSAH 13 is in reasonably good shape having been overlayed in the late 1980's, however, the new road will be in substantially better shape and will have a much longer life cycle prior to needing any significant maintenance. Therefore, Sherburne County will reimburse the City of Elk River, the equivalent cost of a 1-1/2 inch overlay on the turnback portion of old CSAH 13. The City of Elk River agrees that the construction of the realigned portion of CSAH 13 north of CSAH 12, including any land acquisition necessary, will be funded entirely by the City of Elk River with no contribution from Sherburne County. The City of Elk River will overlay CSAH 13 from the point of the new construction to the intersection of Tyler Street. This is approximately 1-1/2 miles. This again would be at no cost to Sherburne County. The City of Elk River will install a signal system at the intersection of old CSAH 13/CSAH 12/Main Street at no cost to Sherburne County. When a signal system is warranted at the intersection of CSAH 12, realigned CSAH 13, and Tyler Street, Sherburne County will fund 75 percent of the signal system and the City of Elk River will fund 25 percent of the signal system. This funding scenario is based on the jurisdiction of the legs entering the intersection. 2. 3. 4. 5. o.lprpj.l800110J.csah12.13