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h. Each Party agrees that it shall issue those street cut permits, access permits <br />and other procedural or substantive permits and approvals that are necessary for completion <br />of the Paschal West Extension and for construction of accesses onto such Extension as <br />shown on Exhibit A. Each Party shall require and administer a subdivision or <br />development agreement for construction of any portion of the Paschal West Extension <br />improvements to be constructed pursuant to such Party's development requirements. <br />Any such agreement(s) shall require financial guarantees for completion of the <br />improvements subject to the agreement and a warranty of the Extension improvements <br />upon their completion. <br />i. Any state or federal funds made available for the costs of the Paschal West <br />Extension improvements shall be applied equally to reduce each Party's cost obligations. <br />Any other non-party funds made available by a Party for the costs of the Paschal West <br />Extension improvements shall be applied to satisfy or reduce such Party's cost <br />obligations. <br />j. This Agreement is not intended and shall not be construed to affect either <br />Party's ability to obtain cost recovery payments for Paschal West Extension <br />improvements from developments within their respective jurisdictions. <br />3. Hecla Drive Connection to Existing Paschal Drive. <br />a. The Parties agree that Hecla Drive shall be extended north from its current <br />terminus within Louisville to connect to Pascal Drive in Lafayette, in order to serve the <br />North End development, properties in south Lafayette and adjacent areas (the "Hecla <br />Drive Extension"). The Hecla Drive Extension shall be constructed in the location in <br />accordance with the cross-section set forth on Exhibit B attached hereto and incorporated <br />herein by reference. <br />b. The Hecla Drive Extension shall be a Louisville street until its point of <br />connection with south boundary of the Pascal Drive right-of--way. Lafayette shall issue <br />those street cut permits, access permits and other procedural or substantive permits and <br />approvals that are necessary for connection of the Hecla Drive Extension to Paschal Drive. <br />c. Louisville shall own and be solely responsible for acquiring all right-of- <br />way for the Hecla Drive Extension. Louisville shall require and administer a subdivision <br />agreement for construction of the Hecla Drive Extension, which agreement shall require a <br />financial guarantee for completion of the Hecla Drive Extension and a warranty of the <br />Extension improvements upon their completion. <br />d. Upon completion of construction and acceptance thereof, Louisville shall <br />own and at its expense maintain all Hecla Drive Extension improvements, which <br />obligation shall extend to improvements lying south of the south boundary of the Paschal <br />5 <br />