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HomeMy WebLinkAbout0077_7070 STATE OF TEXAS, COUNTY OF WILLIAMSON WHEREAS, the City of Georgetown, Texas, passed and adopted the 10th day of December, 1962, an ordinance providing for water and sewer line extension, and further providing that the said City of Georgetown, Texas, may enter into contracts with subdividers for refunds on improvements of water and sewer lines made by them, and, WHEREAS, J. T. Parker has at his expense installed certain water mains to and in the Country Club acres addition, located in the Northwest portion of the City of Georgetown, Texas, and, WfW* AS, the cost of installation of said water main to and in the Country Club Acres Addition to the City of Georgetown, Texas, was $14,250.00, said water main consisting of six (6) inch pipe, said main extending from Williams Drive along the south side of County Club Road to Mesquite Street, then on the North side of said street in a Westerly direction to the West side of Lot 1 in Boock A of said Country Club Acres Addition, all according to a map or plat thereof showing the number of feet of pipe, the size of the pipe and the area of installation, including the area served customer, which plat is attached hereto and made apart hereof, and, WHEREAS, the said J. T. Parker has presented to the City Manager of Georgetown, Texas, in accordance with Section One, Subparagraph five of said ordinance, the necessary information and figures regarding the installation of said main, and it is necessary and desired that the said City and said developer enter into a contract for a refund to the developer for the cost of installation of said water main in accordance with the terms of said ordinance. NOW MEREFORE, IN CONSIDERATION of the premises and of the installation of said water main by J. T. Parker in Country Club Acres Addition to the City of Georgetown, Texas, as shown on the map in detail attached hereto, which said installation was completed and accepted by the City of Georgetown, on January 1, 1967, the City of Georgetown, Texas acting by and through its duly authorized officers and officials agrees as follows: That the City of Georgetown, Texas, will refund and pay to the said J. T. Parker on January 1, 1965 and on the first day of January of each succeeding year thereafter for a period of seven (7) years, 40 per cent of the revenue received from the water connections in said Country Club Acres Addition, unless and accept that if 90 per cent of the original cost of said improvements is refunded prior to the end of said seven (7) years no further refund will be made. Said City of Georgetown, further agrees to furnish to said J. T. Parker an itemized account of the receipts from each water connection or customer from the preceeding 12 month period, at the time of payment of said refund. IN WITNESS WHEREOF, the said J. T. Parker and duly authorized officials of the City of Georgetown, Texas have affixed their signatures to duplicate copies hereof on this the 26th day of April, 1967. J. T. Parker CITY OF GEORGETOWN, TEXAS By: