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Mou/Moa - 2020 - EURA / Streetscape & Sidewalk Improvements Along A Portion Of Eagle Rd / State Street - 9/22/2020AMENDMENT ONE MEMORANDUM OF AGREEMENT FOR COST SHARING WITH THE CITY OF EAGLE FOR DESIGN WORK FOR STREETSCAPE AND SIDEWALK IMPROVMENTS ALONG A PORTION OF EAGLE ROAD AND STATE STREET This Amendment One to the original MEMORANDUM OF AGREEMENT FOR COOPERATION AND COST SHARING ("Amendment") is made this day of September 2020 ("Effective Date"), by and between the City of Eagle, a municipal corporation organized under the laws of the State of Idaho ("City"), and the Eagle Urban Renewal District, an urban renewal agency organized under the laws of the State of Idaho ("EURA"). WHEREAS, EURA and the City desire to cooperate and work together regarding future growth and development in the Urban Renewal District and the City of Eagle; WHEREAS, EURA and the City would both benefit from the design of streetscape and sidewalk infrastructure along Eagle Road between Plaza Drive and Idaho Street, and along State Street between Olde Park Place and 2"d Street; WHEREAS, design and construction of sidewalks and providing for streetscape design standards within the EURA boundaries conforms with the goals and objectives of the EURA and its revitalization plan; WHEREAS, the total estimated cost of the design of the streetscape and sidewalk improvements on Eagle Road between Plaza Drive and Idaho Street, and along State Street between Olde Park Place and 2"d Street is twenty-four thousand seventy-five dollars $24,075 and the EURA is willing to share that cost equally (50-50) with the City; WHEREAS, the Parties desire that the Design Work also include the completion of construction drawings, the bid and award phase, and construction administration through the completion of the project; WHEREAS, construction will begin in Fall of 2022 with the completion estimated on or before September 30, 2023; WHEREAS, the Parties desire to amend their Memorandum of Agreement for Cooperation and Cost Sharing dated December 10, 2019 ("Agreement"). WHEREAS, the City and the EURA need to extend the term of Agreement; and NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged and agreed, and in consideration of the mutual promises and covenants herein contained, the Parties agree to amend and restate Section III. A. of the MEMORANDUM OF AGREEMENT FOR COST SHARING STREETSCAPE SIDEWALK DESIGN PAGE 1 OF 2 Agreement as follows: III. GENERAL TERMS. A. Term. This Agreement begins immediately upon execution and shall remain in effect through September 30, 2023 or until the Design Work is completed and the EURA pays its share of the costs as described herein, whichever occurs first. The Parties agree that the term of this agreement may be extended if needed to complete the Design Work. al, IN WITNESS WHEREOF, the parties hereto have executed this Agreement on this _ day of September 2020. EAGLE URBAN RENEWAL AGENCY: rv-1A (k\ By: Jae Buschert, ha' CITY OF EAGLE: Pierce, Mayor an A Robin Collins Executive Director/Secretary Attest: AGL •, ty Cler. .:O •� S. �,,n1. „QsTv 47 MEMORANDUM OF AGREEMENT FOR COST SHARING STREETSCAPE SIDEWALK DESIGN PAGE 2 OF 2