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EXHIBIT B <br /> Shared Work <br /> Calculation and Payment of City Share <br /> Section 1: Cost Share Provisions for Shared Work <br /> 1.0 City Maximum Shared Work Obligation. As set forth in the Agreement,the City <br /> Maximum Shared Work Obligation is the City's maximum obligation to <br /> reimburse or otherwise pay the County under this Agreement for Shared Work. <br /> City Maximum Shared Work Obligation will not exceed a total amount of <br /> $670,000, which includes the portion of the Dike Connection construction on City <br /> property, per Section 1.5.2(d) of this Exhibit <br /> 1.1 General Shared Cost Work Elements (General Shared Costs). Notwithstanding <br /> provisions for other cost elements in this Agreement,but always subject to the <br /> City Maximum Obligation, the City and County agree to cost share on the <br /> following General Shared Costs for the mutual implementation of the Project, <br /> which shall generally occur on the Smith Island-County area, unless otherwise <br /> specified in this Agreement. The table below in this Exhibit B (Exhibit B Table) <br /> gives cost share proportions between the County and the City for each major cost <br /> element in the Project. The total amount of shared costs in the Exhibit B Table is <br /> $3,995,900. The total amount of shared and Dike Connection cost in the Exhibit B <br /> Table is $4,125,900, rounded to $4,130,000. Subject to the City Maximum <br /> Obligation, the City agrees to pay the"City Share"in the Exhibit B Table, of the <br /> total allowable project costs, retroactive to January 1, 2006: <br /> 1.1.1 Preliminary SEPA Costs: The City agrees to pay a proportionate share of <br /> the costs for the Smith Island Project SEPA and Studies to Support SEPA, <br /> including preliminary work in support of SEPA, incurred by the County <br /> up to December 31, 2012, in an amount totaling$135,816.84 (as indicated <br /> in Exhibit B Table item 1.1.1 with the rounded figure of$135,000). This <br /> amount includes all residual amounts since the 2°d Quarter of 2012 that <br /> have not been billed or grant funded. If the County does not have <br /> $135,816.84 in residual amounts incurred in 2012, the County may bill the <br /> City for a part of the County's proportionate share of 2013 and 2014 <br /> incurred amounts to generate the total invoice amount of$135,816.84. The <br /> City's proportionate share of the Preliminary SEPA costs shall be paid for <br /> by the City upon receipt of the approvals under Section 2.11 of the <br /> Agreement. For purposes of invoicing such costs, the City's proportionate <br /> share of Preliminary SEPA costs set forth above shall be reflected on a <br /> separate invoice from that invoice for the City's proportionate share of <br /> Pre-Construction Phase Costs incurred by the County in 2013 and 2014 as <br /> provided in subparagraph 1.1.2, in accordance with that invoice attached <br /> as Exhibit D to the Agreement, such that the City shall be charged the <br /> $135,816.84 of said Preliminary SEPA Costs, and the Pre-Construction <br /> Phase Costs shall separately be apportioned between the City and the <br /> INTERGOVERNMENTAL AGREEMENT FOR <br /> IMPLEMENTATION OF THE SMITH ISLAND RESTORATION PROJECT PAGE 22 <br />