2023 Parks and Open Space Bond, 1st Series Project Funding Assistance Program

This contract is an interlocal agreement between Collin County, TX, and the City of Royse City for the 2023 Parks and Open Space Bond, 1st Series Project Funding Assistance Program. The County will provide funding assistance for the City Lake Park Capital Improvements project, with a total estimated cost of $271,680.88, and the County's participation will not exceed $135,840.44. The City will arrange for the construction of the project and provide quarterly progress reports and a final accounting of expenditures. The contract includes provisions for indemnification, venue, and severability. Key aspects of the contract include: • The City will arrange for the construction of the City Lake Park Capital Improvements project • The County will provide funding assistance for the project, with a total estimated cost of $271,680.88 • The County's participation will not exceed $135,840.44 • The City will provide quarterly progress reports and a final accounting of expenditures • The contract includes provisions for indemnification, venue, and severability