420 LAUREL DR 2018-01-02 MF Import

I I submitted a low bid of One hundred Sixty Thousand tlinc hundred and Four Col Ia.S IS160,9041 to which III euld be added desI gn and consultant eanagetu•nts cost of Forty-four Thousand Dollars (S44,000). Said plans and specifications for the 'Laurel Drive Restoration South Slope" Work Order 110. 1837 are filed In Use City Clerk's Office of the City, and are hereby incorporated herein by reference. j The undersigned timers '.gree Nat they will derive a benefit from the reopening of Laurel Drive to vehicular traffic and wish to encourage the City to award the said Laurel Drive contract to Sheldrup Construction, Inc., D7 promising to pay to the City the suns hereafter stated. 2. Performance of York. A. City shall, upon receipt of executed copies of this and other agi:-ents totaling $60,000 contribution toward the construction of the Laurel Drive Project, award a contract to Sheldrup Construction, Inc, for construction of said project. 0. The project N be constructed will stabilize tht South End Slide Area, as shown on Exhibit A, and will perform incidental road inprovements as to reopen the road to vehicular travel. It is understood Nat there Is an area north OF said area which Is noted to hive soil Instability but which has not had any slides to date and Is not part of this Agreement. g. Payrent, In cooslderatien of the City of Everett proceeding as provided in Section 2 hereof, the undersigned Owner agrees to pay $ 6656.67 toward project costs. Said-sua shall be paid either by (1) 2 - 17, 8909130176 voi.2263FAH t309