C153351 Paid in Full Documents

• Contract/PO #: C153351
• Contractor Name: Town of Breckenridge
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

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the former District as of the date of this Agreement will never
exceed two" (2.0) times the in-Town rate.
7.2 Determination of Single Family Equivalents--Plant
.Investment Fees. The Town and the District acknowledge that the
Town's Plant Investment Fee is currently calculated on the basis
of the number of Single Family Equivalents (SFEs) assigned to the
property being connected to the Town's municipal water system, as
currently set forth in Section 12-2-21-4 of the Breckenridge Town
Code. For a period of five (5) years following the effective date
of the dissolution of the District the Town will calculate the
Town's Plant Investment Fee for properties located within the
boundaries of the former District by using the number of SFEs
assigned to such properties by the District as of the date of this
Agreement. Following such five (5) year period, the number of
SFEs assigned to properties located within the boundaries of the
former District will be determined by applicable Town Ordinances
in effect from time to time.
7.3 District's Pre-Paid Tap Fees. The Town will honor all
pre-paid tap fees received by the District prior to the date of
this Agreement, and will not require the payment of additional
fees or charges for the same level of water service. For example,
one of the District's pre-paid water taps for one Single Family
Equivalent will be treated as a paid Plant Investment Fee for one
Single Family Equivalent under applicable Town Ordinances. A
complete list of the District's pre-paid tap fees is marked
Exhibit "B", attached hereto and incorporated herein by reference.
8. Town Regulations. From .and after the date of the
dissolution of the District customers whose property is located
within the boundaries of the former District will be bound by the
Town's ordinances, rules and regulations pertaining to the
operation of the Town's municipal water system in effect from time
to time to the extent such ordinances, rules and regulations are
not inconsistent with the terms of this Agreement. Such
regulations which are applicable to the former District will be
substantially the same as are applicable to in-Town customers of
the Town's municipal water system.
9. Provision For Bonded Indebtedness. Exhibit "C", which is
attached hereto and incorporated herein by reference, is a true
and correct schedule of the District's future debt service. Such
debt will be paid by the Town as hereafter provided in this
Paragraph 9. None of such debt is in default as of the date of
this Agreement.
9.1 .I990 General Obligation Bonds. The District's 1990
General Obligation Bonds ("Bonds") are callable on December 1,
1995. On such date the Bonds will be paid in full (both principal
and accrued interest) using (i) the District's cash on hand (less
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