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<br />r---' <br />,'-, <br />., <br /> <br />/ <br /> <br />, . <br /> <br />the former District as of the date of this Agreement will never <br />exceed two. (2.0) times the in-Town rate. <br /> <br />7.2 Determination of Sinale Familv F.ouivalents--plant <br />Invpstment Fees. ~e Town and.the District acknowledge that the <br />Town's Plant Investment Fee is currently calculated on the basis <br />of the number of Single Family Equivalents (SFEs) assigned to the <br />property being connected to the Town's municipal water system, as <br />currently set forth in Section 12-2-21-4 of the Breckenridae ~ <br />~. For a period of five (5) years following the effective date <br />of the dissolution of the District the Town will calculate the <br />Town's Plant Investment Fee for properties located within the <br />boundaries of the former District by using the number of SFEs <br />assigned to such properties by the pistrict as of the date of this <br />Agreement. Following such five (5). year period. the number of <br />SFEs assigned to properties located within the boundaries of the <br />former District will be determined by applicable Town Ordinances <br />in effect fram time to time. <br /> <br />7.3 Digtrict's pre-paid TaD Fees. The Town will. honor all <br />pre-paid tap fees received by the District prior to the date of <br />this Agreement, and will not require the payment of additional <br />fees or charges for the same level of water service. For example, <br />one of. the District's pre-paid water taps for one Single Family <br />Equivalent will be treated as a paid Plant Investment Fee for one <br />Single Family Equivalent under applicable Town Ordinances. A <br />complete list of the District's pre-paid tap fees is marked <br />Exhibit'S', attached hereto and incorporated herein b.Y reference. <br /> <br />S. Town R<><rulations. From .and after the date of the <br />dissolution of the District customers whose property is located <br />within the boundaries of the former District will be bound by the <br />Town's -ordinances. rules and regulations pertaining to the <br />operation' of the TOWn's municipal water system in effect from time <br />to time to the extent such ordinances. rules and regulations are <br />not inconsistent with the terms of this Agreement. Such <br />regulations which are applicable to the former District will be <br />substantially the same as are appliCable to in-Town customers of <br />the TOWn's municipal water system. <br /> <br />9. Provision For Bonn~d rndeh~edness. Exhibit .C., which is <br />attached. hereto and incorporated herein by reference, is a true <br />and correct schedule of the District's future debt service. such <br />debt will be paid by the Town as hereafter provided in this <br />Paragraph 9. None of such debt is in default as of the date of <br />chis Agreement. <br /> <br />9.1 1990 General Ohliaation Bonds. The District's 1990 <br />General Obligation Bonds ('Bonds') are callable on Decerober 1, <br />1995. On such date the Bonds will be paid in full (both principal <br />and accrued interest) using (i) the District's cash on hand (less <br /> <br />5 <br /> <br />>~7;:~;_~~:~~~I~.;.-::::i.'.:~ " ~~r~"/.'l'\":"'~ 1\:~:~\.:,~~7:;:?~~~lm!~rV::~>,- -;-:-: ;.~..-. ~- .,~, . . <br />,. '" ." "{,,~,,. '.' '. );'I,l- <br /> <br />. '."'.': .,'., "".' . . ~ .....:::,::,:y.:.. <br />. ,~ .:", :_~;. ;...\ , . _, . M < <br /> <br />.:,:. \::'.,:;, . .~~1~fj:J,~~ <br /> <br />t-.~.~.~;.~::::; . <br /> <br />'... <br /> <br />-',. <br /> <br />. ,.~ <br />