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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: