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<br />the flood plain; <br /> <br />1 l~bor and benefits. Tre <br /> <br />nent cost shall flot <br /> <br />include depreciation. Upon the construction of the fncilities <br /> <br />hereunder and before the commencement of the delivery of water ser- <br /> <br />vice hereunder, FLORENCE in consultation wi tl1 the Engineer and vii th <br /> <br />the approval of COAL CREEK and WILLIAI1SBURG shall establish a pro- <br /> <br />posed budget for water treatment and transmission for the succeeding <br /> <br />twelve months; the monthly portion of such budqet, to \oJit, one- <br /> <br />twelfth (1/12) of the annual cost, shall be allocated between the <br /> <br />Parties according to the amount of water used by each of the Parties <br /> <br />in relation to the total amount.of water delivered by the facilities <br /> <br />during that month. <br /> <br />COAL CREEK and WILLIAllSBURG shall pay to FLORENCE not later <br /> <br />than the tenth <br /> <br />(lOth) day of each month their proportionate <br /> <br />share of the transmission and treatment cost for the preceding month. <br /> <br />The budget for treatment and transmission shall be reviewed <br /> <br />and adjusted as necessary annually by the Parties; in addition, in <br /> <br />the event of a request by a~y of the.parties the treatment and trans- <br /> <br /> <br />mission bUdget shall be reviewed and adjusted as necessary at any time. <br /> <br /> <br />11. The cost of repairs to the facilities to be constructed <br /> <br />pursuant hereto including FLORENCE'S improved treatment plant, and the <br /> <br />replacement of necessary capital items shall be shared by all Parties <br /> <br />on a pe:r tap basis; that is, each Party shall pay the percentage of the <br /> <br />cost of a repair or replacement which the number of its taps bears to <br /> <br />the total number of taps receiving treated water from the facilities <br /> <br />constructed pursuant hereto. <br /> <br />12. Each of the Parties shall establish and as necessary <br /> <br />from time to time modify the rates and charges charged by it for <br /> <br />water service, sufficient to make the payments required of it by <br /> <br />paragraphs nine, ten and eleven above. <br /> <br />13. COAL CREEK and WILLIAl!SBURG shall promptly make all <br /> <br />payments to FLORENCE required by the terms hereof, ?ut the due date <br /> <br /> <br />of such payments shall be postponed ~f necessary to allow COAL CREEK <br /> <br /> <br />and WILLIAl-1SBURG no J.ess than seven (7) days after the receipt of <br /> <br />written notice from FLORENCE of the amount due, to make said payments. <br /> <br />14. This Agreement is subject to and contingent upon <br /> <br />FLORENCE receiving the loan and graI).t from Farmers Home referred to <br /> <br />in paragraphs H and I above. <br /> <br />,,' <br />_,::J. <br /> <br />Each 0: t.he Partie3 he:-:3':o shal L h.:we t~R riq~t to <br /> <br />grant service to additional taps on their distribution systems to <br /> <br />- 6 - <br />