Interlocal Agreement, Relocation of Water Utilities Along FM 2514 From FM 2551 to FM 1378

This contract is for the relocation of water utilities along FM 2514 from FM 2551 to FM 1378. The City of Parker will be responsible for relocating the utilities and will be reimbursed by Collin County for the costs incurred. The total cost of the project is estimated to be $1,710,000. The contract includes provisions for the City to prepare plans and specifications, acquire utility easements, and administer the construction contract. The contract also includes provisions for indemnification, venue, and severability. Some key points include: • The City of Parker will relocate approximately 9120 linear feet of water lines. • The City will prepare plans and specifications for the improvements and administer the construction contract. • The County will loan the City up to $1,710,000 to fund the project. • The City will be reimbursed by TxDOT for 100% of the total cost of the project. • The contract will automatically renew annually until the project is completed.