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2 <br /> <br />Project <br />The project will be located on West Marine View Dr (WMVD) between <br />the City Grand Avenue Bridge and 15th St. The bulkhead along WMVD <br />is being replaced and new pedestrian improvements will be constructed <br />during the project, including additional walking areas, new public <br />seating areas, new landscaping and a significant expansion of the <br />overwater viewing platform. We also anticipate removal of one curb <br />cut along WMVD and restrictions on the current vehicle traffic to <br />minimize conflicts. The project will also expand the public space for the <br />current Music at the Marina summer series. Estimated project <br />completion date is Spring, 2025. <br />Project Funds <br />Release Schedule <br />1/3 to be released on award of Project contract ($133,843) <br />1/3 to be released on Project contractor mobilization ($133,843) <br />1/3 to be released on Project substantial completion ($133,843)) <br />I. Project Funds Release. <br />A. The City and Funds Recipient agree that the Project is a proper use of the City <br />Fund under the Controlling Fund Document. <br />B. So long as the Project is in accordance with the Controlling Fund Document, the <br />City will release $401,529 to the Funds Recipient from the City Fund in accordance with Project <br />Funds Release Schedule. <br />C. The Funds Recipient is responsible for the construction of the Project. The Funds <br />Recipient will design and construct the Project in accordance with applicable law. <br />D. The Funds Recipient will be responsible at the Funds Recipient’s sole cost for <br />Project operation and maintenance. If all or any portion of the Project is damaged or reaches <br />the end of useful life, the Funds Recipient at its sole cost will replace with like kind and quality. <br />II. Miscellaneous. <br />A. Notices to the parties must be sent to the project manager addresses above. <br />B. This Agreement may not be modified except by a written instrument duly <br />executed by the parties. <br />C. This Agreement constitutes the entire agreement of the parties relating to the <br />specific subject matter of this Agreement. This Agreement supersedes and replaces all other <br />written or oral agreements regarding that subject matter. <br />D. This Agreement and any amendment may be signed in counterparts, each of which <br />shall be deemed an original, and all of which, taken together, shall be deemed one and the <br />same document. Signatures with AdobeSign are fully binding. <br />[signatures on following page] <br />