Laserfiche WebLink
<br />8 2 0 27 959 <br /> <br />connection therewith. <br /> <br />Customer shall have no ownership <br /> <br />interest in the facilities. <br /> <br />4, <br /> <br />Payment. <br /> <br />Payment for the facilities shall be <br /> <br />3 <br /> <br />made as follows: <br /> <br />A. customer shall pay the District for the <br /> <br /> <br />Disrtict'S actual costs to construct the facilities. Actual <br /> <br /> <br />costs shall include engineering fees for design, construction <br /> <br /> <br />and,linspection. Attorney fees for the preparation of this <br />{ <br /> <br />agreement shall also be included. <br /> <br />B. Customer shall pay the District the above <br /> <br />costs, less the credit, as an addition to its bi-monthly <br /> <br />service charge over a 40-year period, amount to bear interest <br /> <br />at the rate of 4% per annum on the unpaid principal balance. <br /> <br />C. There shall be no penalty for pre- <br /> <br />payment. <br /> <br />D. It is estimated at this time that the <br /> <br />cost of the facilities will be $92,420,62, as set forth in <br /> <br /> <br />Exhibit HA", attached hereto and made a part hereof by this <br /> <br />reference. This cost shall be adjusted following the comple- <br /> <br />tion of the facilities to reflect actual cost. <br /> <br />If the <br /> <br />" <br /> <br />Customer's share of the construction costs of the facilities <br /> <br />exceeds the $92,420.62 estimated, Customer shall immediately <br /> <br />" <br /> <br />pay the excess to the District. If Customer's share is less <br /> <br />u than' the' $92,420.62' 'estimated',' the" difference- shall:' "be" <br /> <br />treated as a pre-payment of the principal. <br />E. The District shall credit the Customer, <br /> <br />against these costs, the cost of an a-inch water meter <br /> <br /> <br />previously purchased by Customer, that credit being <br /> <br /> <br />$4,795.00, and the District shall also credit the amount of <br /> <br />of $25,000.00 received by the District as prepayment, <br /> <br />5. Enforcement of Contract, Customer and Dis- <br /> <br />trict acknowledge and agree that the payments to be made by <br /> <br />"''1stO!Jlr>r r,r, -,.; strict h,creunnp...... are i (,Cll~-~ -',~ to pro'yOi de <br /> <br />service to the property and are in addition to and a part of <br /> <br />/ <br />( <br /> <br />/ <br />) <br /> <br />-3- <br />