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. 5.2.3 If the estimated Project Cost exceeds the sum of $301,000, the City will <br /> suspend further activity,~and the District will immediately seek approval"from the School <br /> Boazd for additional fimding to complete the Project. <br /> . 5.2.3.1 If the School Board authorizes full funding of the Project,' the <br /> District shall provide the City with a certified copy of the minutes of the School <br /> Boazd's approval and a notice to proceed with the Project; <br /> 5.2.3.2 If the School Boazd refuses to increase the amount of funding for <br /> rthe Project, then either of the City or the District may cancel the. Project and <br /> terminate this Agreement. <br /> 5.2.4 Notwithstanding the foregoing, the City will not be obligated to construct <br /> the Pmject after the expiration of any construction bid or proposal unless the City is <br /> reimbursed for the costs of conducting a new solicitation. <br /> 5.3 Additional City Work. The City shall be solely responsible for all costs related to <br /> the engineering, design and construction of Additional City Work. . <br /> 5.4 ~ Method of Reimbursement. The District shall reimburse the City not less than <br /> thirty (30) days after receipt of the City's invoice, following the eazlier to occur of (i) the <br /> completion of the Project and all Additional District Work, or (u) the date of termination of the . <br /> Agreement. <br /> SECTION 6. Obligations of City. <br /> 6.1 The City will complete all necessary surveys, and pmvide all engineering and <br /> design services for the Project and any Additional Work, prepaze construction plans and <br /> specifications, and. solicit offers from contractors all in compliance with all applicable public <br /> . contracting laws. <br /> 6.2 City agrees to construct the Project in compliance with all applicable laws and <br /> regulations, subject to the condition that City shall not be obligated to commence or complete <br /> construction unless District shall be obligated to reimburse City for costs of the Project. <br /> 6.3 City will not assess or levy any assessment for recovery of costs of the Project, to <br /> . the extent that all of the Project Cost and the costs of Additional District Work are reimbursed by <br /> <br /> . the District as provided herein. <br /> Intergovernmental Agreement - 4 <br /> <br />