Title
Request for Approval - Adams Road Relocation Cost Participation Agreement between the City of Rochester Hills and the Road Commission for Oakland County (RCOC)
Body
Resolved that the Rochester Hills City Council approves the Cost Participation Agreement for Construction of the Adams Road Relocation Project, Auburn Road to M-59 between the City of Rochester Hills and the Board of Road Commissioners of the County of Oakland and authorizes the Mayor and Clerk to execute the agreement on behalf of the City. In addition, authorizes the payment of the City's share, identified in the Cost Participation Agreement, in the amount of $541,870, which is 50% of the City's share of the estimated total local match of $1,087,500 to be paid upon invoice, and any additional cost that accrues through the term of the agreement, if funds are budgeted.