O-1995-2041 - Laserfiche WebLink

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e e (6) City shall have the right to approve the Engineer and the Contractor selected by Owner. Upon completion and approval of plans, specifications, and contract documents, the City shall authorize the Owner to secure bids from". qualified underground utility contractors. (7) Owner agrees that upon completion and acceptance by City, City will assume ownership and maintenance of the utility main and as such shall have full control over future extensions and connections thereto. (8) Owner and City have entered ioto a separate .Water Service Agreement. which provides terms and conditions for limited water service to Owner and as such, Owner is not responsible for payment of City's prevailing square footage and/or front footage connection charge for water service. However, Owner shall be responsible for all other tap fees and customary charges. (9) For the purposes of reimbursement, as provided for in paragraph 10, Owner agrees to supply City with a statement of final construction costs. Owner and City agree to use the final construction cost to develop an average cost/foot. Said average cost per foot shall equal the [mal construction cost, less any allowances for City participation, divided by the total length of utility main eligible for reimbursement as defined by Exlu"bit A (10) In the event that other owners of property abutting the utility mains extended by Owner under this contract, as shown on the plat attached hereto as ExhI"bit A and incorporated by reference herein, shall utilize the extended utility mains constructed under this agreement, by making connection thereto under a permit from City within a period of ten (10) years from and after the date City has accepted the construction of said facilities by the contractor, City agrees to collect from said property owners, an amount equal to one-half (~) their frontage abutting the utility main times the average cost/foot. City agrees to reimburse Owner the amount collected from such property owners until Owner has been reimbursed the construction costs paid by Owner, less an amount equal to one-half (~) the Owner's frontage times the average cost/foot In the event that other Owner(s) have participated in the cost of the extension of this line(s), all participating owner(s) shall be reimbursed ora rata to their respective participation in the cost of the line(s). IN WITNESS WHEREOF, the Parties to these presents have executed this agreement in several counterparts, each of which shall be deemed an original, in the year and day first mentioned above.