HomeMy WebLinkAbout0322_361VhL 879ME 793 361
LhL.- Northwest corner of thu Corporation tract and along the east
i' l qhL of way line of FM 1460 and wo:it lines of the Corporation
,md Pickett tracts to the upproxiuw to same termination point Of
:,.yid sewer line aforesaid and being approximately 1,940 Feet and
Lu include a twenty inch (2011) by forty-five foot(451) bore with
uecul casing under an existing railroad track and a twenty inch
(20") by thirty foot (301) bore with steel casing under the afore-
:;aid existing Pickett driveway.
J. It is understood and stipulated the City has appropriate
utility easoments along the said Corporation and Pickett tracts
LO po rn►it the installation and conatruction of the sewer and water
00 l i►ws.
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d- 4. upon the acceptance of bids for Said sewer and water
Lincs and upon installation, gonstruetiop and completion of said
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Q i i,►us the City shall reiutbursu the Corpopatioa for the Wta; costs
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5. 'Phu Corporation shall tharQAftej;; a» the Corporation
5ulls its property adjacaot to acid linos and containing approxi-
111jLUiy 90 does, word Or lnaa, thereafter repay or reiwbuxae tho
City for the costs of said linea, except and leas, however the
cu6ts differential in what total costs would W to install and
vu►►;;truct six inch (6") and twelve japh (12%) line». SuC4 Coot,
diffuruntial shall be absorbed by and be the City's expenao. _ r9V
uxample, should the coats of six inch (60) wotar and sower lines
aturuaaid total $500000:00 and the costs of twelve inch (120)
wutur and aewar lines aforesaid total $70,000.90, Corpordt4ga
Lilwail rc:ivaburuu tho City the $50,o00.00 costs aQly for six
i�►cli (6) watur and sewer lines and tho City shall bear the additional
cu:. t for tWu1V 3 inch (12w) water And auwer lines. No • i'nterest
I
:;Iwll bu ehdrgud or collected. The basis for the.caleulation of
:;uch cost difforcntial shall bu the bids obtained by tho cgrporation
fc,r the construetion'of twelve inch lines and six inch linea.
It is further understood, corporation shall reimburse or
repay the City on a basis of the sum of $1,000,00 for each acre
ul' the Corporation tract sold and a prordta amount for each fraction -
.,l ecru sold until the City has been repaid or reimbursed according
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