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WHEREAS, the PARTIES wish to enter into a Cooperative Agreement to coorporate in the <br /> implementation of the PROJECT and to fund their respective PROJECT share for the various <br /> phases of the PROJECT, <br /> NOW, THEREFORE, in consideration of the mutual promises contained herein, the PARTIES <br /> agree to the following <br /> SECTION I <br /> HIGHLAND AGREES TO <br /> 1. Act as Implementing Agency in the execution of the entire PROJECT located within <br /> HIGHLAND and REDLANDS As such,HIGHLAND shall be the sole PARTY that <br /> contracts with consultants and contractors for environmental processing and <br /> mitigation, design, right-of-way acquisition, construction and construction <br /> engineering of the PROJECT <br /> 2 Include REDLANDS in the PROJECT's development team meetings and related <br /> communications on the PROJECT's progress and to provide at least quarterly written <br /> schedule updates to REDLANDS <br /> 3 Maintain up-to-date PROJECT cost estimates and keep REDLANDS informed in <br /> writing of the cost estimates <br /> 4 Be responsible for the full cost of the PROJECT located within HIGHLAND <br /> 5 Pay its share of the PROJECT costs if grant funding is reduced, relinquished, <br /> deobligated or otherwise no longer available <br /> 6 Invoice REDLANDS for its share of the PROJECT costs no more frequently than <br /> once per month Consultants/Contractor invoices shall be included with invoices to <br /> REDLANDS as the basis for substantiating the invoice amount for eligible PROJECT <br /> expenditures <br /> 7 Coordinate with SBCTA and Caltrans regarding the TDA Article 3 grant and the ATP <br /> Cycle 2 grain and apply for reumbursemriert no less frequently than biannually <br /> A UYvu receipt of Ti"".r*�icle 3 ai AiXA r'yLi�.2 grl alit funds,1WLYlUILl.]e 1\i l/L111 LS <br /> its share of the grants within sixty(60)days <br /> 9 Establish and maintain an accounting system conforming to Generally Accepted <br /> Accounting Principles to support accounting activities associated with the delivery <br /> of the PROJECT by HIGHLAND and produce monthly reports which clearly identify <br /> J\City Council ReportsWumcipal Utilities&Engtneermg\2017\2 7 17\RCA-Highland-Redlands Bike Project <br /> Cooperative Agreement\ATP Cycle Agreement Word version 1-30 17 docx <br />