Cost Agreement between Collin County and Lennar Homes on behalf of The Collin County Municipal Utility District #2

The contract is for a cost-sharing agreement between Collin County, Texas, and Lennar Homes of Texas Land and Construction, Ltd. for the reconstruction of a portion of County Road 437. The project involves the demolition and disposal of existing gravel and asphalt driveways, the relocation of power poles and telephone boxes, and the construction of new concrete pavement. The estimated cost of the project is $339,120.96, with Collin County responsible for $283,711.21 and Lennar Homes responsible for $249,577.13. The contract also includes provisions for the reimbursement of costs, the resolution of disputes, and the termination of the agreement. Key aspects of the contract include: • The scope of work, which includes the reconstruction of County Road 437 and the relocation of utilities • The cost-sharing arrangement, which allocates costs between Collin County and Lennar Homes • The reimbursement process, which requires Lennar Homes to submit invoices and supporting documentation to Collin County • The dispute resolution process, which involves the appointment of a neutral third-party engineer to resolve disputes • The termination clause, which allows for the termination of the agreement upon completion of the project or by mutual agreement of the parties