(4)AR 110408 AGRMT City of Grand Terrace

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2.8 Total Estimated Project Costs are set forth as follows: -- Preliminary Engineering $ 350,000 -- Right-of-way $ 104,000 -- Construction $ 3,889,460 -- Construction Engineering $ 354,000 TOTAL ESTIMATED COST $ 4,697,460 2.9 Source of funds Seismic funds credit $ 350,623 HBRR Funds 88.53% $ 4,158,661 Local Funds Grand Terrace 5.735% $ 94,088 Local Funds Colton 5.735% $ 94,088 The Parties now seek to set forth their respective obligations with respect to the funding, of the Project. 3. Responsibilities of Grand Terrace 3.1 Grand Terrace shall be the Lead Agency of the Project through completion of right-of-way acquisitions. After right-of-way acquisitions are complete, Colton shall take over as the Lead Agency through construction. As Lead Agency, Grand Terrace shall: (a) Contract for and administer the design of the Project and pay one-half of the local matching funds required. (b) Secure necessary agency approvals for bridge design, right-of-way acquisition. (c) Cooperate with Colton in seeking reimbursement of such progress payments from HBRR funds on an expedited basis. (d) Furnish Colton with a clear, detailed statement of all costs for the Project, to date including all disbursements. Grand Terrace shall allow a representative of Colton during normal business hours to examine, audit and make transcripts or copies of any records related to the Project, and any other documents created pursuant to this Agreement. Grand Terrace shall allow inspection of all work, data, documents, proceedings and activities related to this Agreement for a period of three (3) years from the date of final payment under this Agreement. 3.2 Grand Terrace shall pay an amount equal to one-half of the local matching fund requirement. Page 2 of 5